XZEW.DE vs. IBCK.DE
XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - XZEW.DE tracks the S&P 500 Equal Weight ESG while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 3 years, XZEW.DE returned 12.65%/yr vs 10.94%/yr for IBCK.DE. A 0.78 correlation means they provide meaningful diversification when combined. XZEW.DE charges 0.17%/yr vs 0.20%/yr for IBCK.DE.
Performance
XZEW.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEW.DE achieves a 10.78% return, which is significantly higher than IBCK.DE's 5.14% return.
XZEW.DE
- 1D
- 0.38%
- 1M
- 3.74%
- YTD
- 10.78%
- 6M
- 11.14%
- 1Y
- 21.89%
- 3Y*
- 12.65%
- 5Y*
- —
- 10Y*
- —
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.61%
- YTD
- 5.14%
- 6M
- 5.32%
- 1Y
- 9.77%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
XZEW.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C | 10.78% | 1.09% | 18.02% | 10.63% | -3.60% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.20% | -3.11% |
Correlation
The correlation between XZEW.DE and IBCK.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.78 |
The correlation between XZEW.DE and IBCK.DE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
XZEW.DE vs. IBCK.DE — Risk / Return Rank
XZEW.DE
IBCK.DE
XZEW.DE vs. IBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| XZEW.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 1.83 | +2.50 |
| Martin ratioReturn relative to average drawdown | 12.75 | 5.31 | +7.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XZEW.DE | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.07 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.88 | -0.15 |
Drawdowns
XZEW.DE vs. IBCK.DE - Drawdown Comparison
The maximum XZEW.DE drawdown since its inception was -23.98%, smaller than the maximum IBCK.DE drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for XZEW.DE and IBCK.DE.
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Drawdown Indicators
| XZEW.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.98% | -33.11% | +9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -5.08% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -17.55% | -6.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.11% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.47% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -4.50% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.75% | -0.05% |
Volatility
XZEW.DE vs. IBCK.DE - Volatility Comparison
The current volatility for Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) is 2.12%, while iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) has a volatility of 2.26%. This indicates that XZEW.DE experiences smaller price fluctuations and is considered to be less risky than IBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEW.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 2.26% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 5.71% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.93% | 8.73% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 12.37% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 14.02% | -0.05% |
XZEW.DE vs. IBCK.DE - Expense Ratio Comparison
XZEW.DE has a 0.17% expense ratio, which is lower than IBCK.DE's 0.20% 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
XZEW.DE vs. IBCK.DE - Dividend Comparison
Neither XZEW.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEW.DE and IBCK.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEW.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for IBCK.DE.
XZEW.DE tracks S&P 500 Equal Weight ESG, while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.17% for XZEW.DE and 0.20% for IBCK.DE.
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