XSXD.DE vs. IS31.DE
XSXD.DE (Xtrackers S&P 500 Swap UCITS ETF 1D) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - XSXD.DE tracks the S&P 500 Index while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, XSXD.DE returned 19.39%/yr vs 10.43%/yr for IS31.DE. A 0.70 correlation means they provide meaningful diversification when combined. XSXD.DE charges 0.07%/yr vs 0.25%/yr for IS31.DE.
Performance
XSXD.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSXD.DE achieves a 12.92% return, which is significantly higher than IS31.DE's 2.57% return.
XSXD.DE
- 1D
- 0.00%
- 1M
- 1.22%
- 6M
- 11.89%
- YTD
- 12.92%
- 1Y
- 23.37%
- 3Y*
- 19.39%
- 5Y*
- —
- 10Y*
- —
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
XSXD.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSXD.DE Xtrackers S&P 500 Swap UCITS ETF 1D | 12.92% | 4.89% | 32.52% | 22.75% | 0.28% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.57% | 9.27% | 16.79% | 6.75% | 2.67% |
Correlation
The correlation between XSXD.DE and IS31.DE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022 | 0.70 |
The correlation between XSXD.DE and IS31.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
XSXD.DE vs. IS31.DE — Risk / Return Rank
XSXD.DE
IS31.DE
XSXD.DE vs. IS31.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF 1D (XSXD.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XSXD.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.25 | +2.06 |
| Martin ratioReturn relative to average drawdown | 11.66 | 4.77 | +6.89 |
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Drawdowns
XSXD.DE vs. IS31.DE - Drawdown Comparison
The maximum XSXD.DE drawdown since its inception was -23.31%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for XSXD.DE and IS31.DE.
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Drawdown Indicators
| XSXD.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -33.66% | +10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -6.64% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -23.31% | -12.56% | -10.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -0.43% | -1.01% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -4.83% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.75% | +0.26% |
Volatility
XSXD.DE vs. IS31.DE - Volatility Comparison
Xtrackers S&P 500 Swap UCITS ETF 1D (XSXD.DE) has a higher volatility of 2.73% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.40%. This indicates that XSXD.DE's price experiences larger fluctuations and is considered to be riskier than IS31.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSXD.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.40% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 6.55% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 8.70% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 12.78% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.54% | 14.36% | +0.18% |
XSXD.DE vs. IS31.DE - Expense Ratio Comparison
XSXD.DE has a 0.07% expense ratio, which is lower than IS31.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSXD.DE vs. IS31.DE - Dividend Comparison
XSXD.DE's dividend yield for the trailing twelve months is around 0.80%, while IS31.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSXD.DE Xtrackers S&P 500 Swap UCITS ETF 1D | 0.80% | 0.94% | 1.09% | 1.30% | 0.38% |
Frequently Asked Questions
XSXD.DE and IS31.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSXD.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSXD.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for IS31.DE.
XSXD.DE tracks S&P 500 Index, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.07% for XSXD.DE and 0.25% for IS31.DE.
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