- ISIN
- IE00B52XQP83
- Issuer
- iShares
- Inception Date
- Jan 22, 2010
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI South Africa Capped Index
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
IBC4.DE Performance Chart
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) is down 1.8% since the beginning of the year. IBC4.DE is currently trading at €51 per share. Investors who bought €1,000 worth of IBC4.DE shares 5 years ago would now be looking at an investment worth €1,723.
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Returns By Period
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has returned -1.83% so far this year and 32.92% over the past 12 months. Over the last ten years, IBC4.DE has returned 7.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.23% annually.
iShares MSCI South Africa UCITS ETF USD (Acc)
- 1D
- 0.65%
- 1M
- -0.00%
- 6M
- -2.26%
- YTD
- -1.83%
- 1Y
- 32.92%
- 3Y*
- 22.90%
- 5Y*
- 11.49%
- 10Y*
- 7.19%
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
IBC4.DE Monthly Returns History
Based on dividend-adjusted daily data since Jan 22, 2010, IBC4.DE's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2022 with a return of +14.4%, while the worst month was Mar 2020 at -24.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IBC4.DE closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.0%, while the worst single day was Sep 28, 2010 at -25.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.22% | 10.63% | -16.39% | -0.12% | 2.93% | -4.63% | 1.92% | -1.83% | |||||
| 2025 | 4.97% | 0.32% | 3.60% | -1.39% | 4.82% | 1.13% | 2.66% | 5.00% | 11.62% | 2.12% | 3.16% | 8.87% | 57.35% |
| 2024 | -3.65% | -5.74% | 5.60% | 4.79% | -2.74% | 11.40% | 3.74% | 1.11% | 6.55% | 0.26% | -1.23% | -4.71% | 14.83% |
| 2023 | 3.17% | -6.67% | 0.98% | -0.94% | -10.85% | 7.46% | 11.44% | -11.32% | -0.96% | -1.34% | 4.77% | 3.79% | -3.10% |
| 2022 | 7.92% | 4.70% | 7.68% | -7.75% | -1.04% | -9.73% | 2.60% | -3.00% | -6.74% | 2.84% | 14.44% | -7.14% | 1.72% |
| 2021 | 1.97% | 5.00% | 8.48% | -2.26% | 6.16% | -5.42% | -1.32% | 0.89% | -2.28% | -0.66% | -2.81% | 5.23% | 12.68% |
Benchmark Metrics
iShares MSCI South Africa UCITS ETF USD (Acc) has an annualized alpha of -0.31%, beta of 0.60, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since January 22, 2010.
- This ETF participated in 78.19% of S&P 500 Index downside but only 49.35% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.60 may look defensive, but with R2 of 0.14 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.14 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.31%
- Beta
- 0.60
- R²
- 0.14
- Upside Capture
- 49.35%
- Downside Capture
- 78.19%
Expense Ratio
IBC4.DE has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IBC4.DE ranks 33 for risk / return — below 33% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) and compare them to S&P 500 Index.
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.
| IBC4.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.18 | -1.66 |
| Martin ratioReturn relative to average drawdown | 3.57 | 11.76 | -8.20 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI South Africa UCITS ETF USD (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI South Africa UCITS ETF USD (Acc) was 55.48%, occurring on Mar 23, 2020. Recovery took 506 trading sessions.
The current iShares MSCI South Africa UCITS ETF USD (Acc) drawdown is 16.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -55.48%Mar 2020 | 2y 1mo | 1y 12mo | 4y 1moJan 2018 - Mar 2022 |
2016 bear market2016 | -45.44%Jan 2016 | 9mo 11d | 2y 4d | 2y 9moApr 2015 - Jan 2018 |
2011 bear market2011 | -34.17%Aug 2011 | 10mo 15d | 3y 5mo | 4y 3moSep 2010 - Jan 2015 |
2023 bear market2023 | -29.74%May 2023 | 1y 1mo | 1y 4mo | 2y 6moApr 2022 - Oct 2024 |
2026 bear market2026 | -21.54%Mar 2026 | 18d | — | 4mo 4dMar 2026 - now |
Drawdown Indicators
| IBC4.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -51.62% | -3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -7.57% | -13.97% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -23.99% | +2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -23.99% | -5.75% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -33.42% | -22.06% |
Current DrawdownCurrent decline from peak | -16.46% | -0.43% | -16.03% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -9.08% | -8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 2.04% | +7.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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