XZEW.DE vs. IS31.DE
XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - XZEW.DE tracks the S&P 500 Equal Weight ESG while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, XZEW.DE returned 13.29%/yr vs 10.50%/yr for IS31.DE. A 0.68 correlation means they provide meaningful diversification when combined. XZEW.DE charges 0.17%/yr vs 0.25%/yr for IS31.DE.
Performance
XZEW.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEW.DE achieves a 15.08% return, which is significantly higher than IS31.DE's 2.76% return.
XZEW.DE
- 1D
- 0.00%
- 1M
- 2.59%
- 6M
- 10.43%
- YTD
- 15.08%
- 1Y
- 23.64%
- 3Y*
- 13.29%
- 5Y*
- —
- 10Y*
- —
IS31.DE
- 1D
- -0.37%
- 1M
- 0.00%
- 6M
- 3.26%
- YTD
- 2.76%
- 1Y
- 8.02%
- 3Y*
- 10.50%
- 5Y*
- 5.70%
- 10Y*
- —
XZEW.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C | 15.08% | 1.09% | 18.02% | 10.63% | -8.31% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.76% | 9.27% | 16.79% | 6.75% | -2.78% |
Correlation
The correlation between XZEW.DE and IS31.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2022 | 0.68 |
The correlation between XZEW.DE and IS31.DE has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.
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Return for Risk
XZEW.DE vs. IS31.DE — Risk / Return Rank
XZEW.DE
IS31.DE
XZEW.DE vs. IS31.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 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.
| XZEW.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.20 | +0.30 |
| Martin ratioReturn relative to average drawdown | 2.90 | 4.57 | -1.67 |
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Drawdowns
XZEW.DE vs. IS31.DE - Drawdown Comparison
The maximum XZEW.DE drawdown since its inception was -23.98%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for XZEW.DE and IS31.DE.
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Drawdown Indicators
| XZEW.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.98% | -33.66% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -15.71% | -6.64% | -9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -12.56% | -11.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.83% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -4.83% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.16% | 1.75% | +6.41% |
Volatility
XZEW.DE vs. IS31.DE - Volatility Comparison
Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) has a higher volatility of 2.83% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 1.94%. This indicates that XZEW.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
| XZEW.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 1.94% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 6.52% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.17% | 8.69% | +15.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 12.78% | +5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 14.36% | +3.71% |
XZEW.DE vs. IS31.DE - Expense Ratio Comparison
XZEW.DE has a 0.17% 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
XZEW.DE vs. IS31.DE - Dividend Comparison
Neither XZEW.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEW.DE and IS31.DE have a correlation of 0.60, 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 0.25% for IS31.DE.
XZEW.DE tracks S&P 500 Equal Weight ESG, 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: 0.17% for XZEW.DE and 0.25% for IS31.DE.
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