XZSP.DE vs. IBCK.DE
XZSP.DE (Xtrackers S&P 500 ESG UCITS ETF 1C) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - XZSP.DE tracks the S&P 500 ESG while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 3 years, XZSP.DE returned 18.55%/yr vs 10.94%/yr for IBCK.DE. A 0.78 correlation means they provide meaningful diversification when combined. XZSP.DE charges 0.08%/yr vs 0.20%/yr for IBCK.DE.
Performance
XZSP.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZSP.DE achieves a 11.17% return, which is significantly higher than IBCK.DE's 5.14% return.
XZSP.DE
- 1D
- 0.61%
- 1M
- 5.47%
- YTD
- 11.17%
- 6M
- 11.67%
- 1Y
- 28.67%
- 3Y*
- 18.55%
- 5Y*
- —
- 10Y*
- —
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
XZSP.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZSP.DE Xtrackers S&P 500 ESG UCITS ETF 1C | 11.17% | 5.34% | 31.24% | 23.89% | -4.47% |
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 XZSP.DE and IBCK.DE is 0.75, 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 | 0.75 |
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 XZSP.DE and IBCK.DE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
XZSP.DE vs. IBCK.DE — Risk / Return Rank
XZSP.DE
IBCK.DE
XZSP.DE vs. IBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 ESG UCITS ETF 1C (XZSP.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.
| XZSP.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.19 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 1.83 | +2.24 |
| Martin ratioReturn relative to average drawdown | 15.72 | 5.31 | +10.41 |
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
| XZSP.DE | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 1.07 | +1.40 |
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 | 1.31 | 0.88 | +0.42 |
Drawdowns
XZSP.DE vs. IBCK.DE - Drawdown Comparison
The maximum XZSP.DE drawdown since its inception was -23.40%, smaller than the maximum IBCK.DE drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for XZSP.DE and IBCK.DE.
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Drawdown Indicators
| XZSP.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -33.11% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -5.08% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.40% | -17.55% | -5.85% |
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 | -3.09% | -4.50% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.75% | +0.07% |
Volatility
XZSP.DE vs. IBCK.DE - Volatility Comparison
Xtrackers S&P 500 ESG UCITS ETF 1C (XZSP.DE) has a higher volatility of 2.79% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.26%. This indicates that XZSP.DE's price experiences larger fluctuations and is considered to be riskier 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
| XZSP.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.26% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 5.71% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.55% | 8.73% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 12.37% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.26% | 14.02% | +0.24% |
XZSP.DE vs. IBCK.DE - Expense Ratio Comparison
XZSP.DE has a 0.08% 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
XZSP.DE vs. IBCK.DE - Dividend Comparison
Neither XZSP.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
XZSP.DE and IBCK.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZSP.DE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZSP.DE is cheaper with a 0.08% expense ratio, compared with 0.20% for IBCK.DE.
XZSP.DE tracks S&P 500 ESG, while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.08% for XZSP.DE and 0.20% for IBCK.DE.
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