4BRZ.DE vs. IUSC.DE
4BRZ.DE (iShares MSCI Brazil UCITS ETF (DE) USD (Acc)) and IUSC.DE (iShares MSCI EM Latin America UCITS ETF (Dist)) are both Latin America Equities funds from iShares - 4BRZ.DE tracks the MSCI Brazil 25/50 Index while IUSC.DE tracks the MSCI Emerging Markets Latin America 10/40. Both are passively managed. Over the past 5 years, 4BRZ.DE returned 5.24%/yr vs 8.68%/yr for IUSC.DE. Their correlation of 0.93 suggests significant overlap in exposure. 4BRZ.DE charges 0.31%/yr vs 0.20%/yr for IUSC.DE.
Performance
4BRZ.DE vs. IUSC.DE - Performance Comparison
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Different Trading Currencies
4BRZ.DE is traded in USD, while IUSC.DE is traded in EUR. To make them comparable, the IUSC.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with 4BRZ.DE having a 10.78% return and IUSC.DE slightly higher at 11.11%.
4BRZ.DE
- 1D
- 1.19%
- 1M
- 1.17%
- 6M
- 9.79%
- YTD
- 10.78%
- 1Y
- 25.26%
- 3Y*
- 8.77%
- 5Y*
- 5.24%
- 10Y*
- —
IUSC.DE
- 1D
- 0.60%
- 1M
- 0.69%
- 6M
- 11.31%
- YTD
- 11.11%
- 1Y
- 29.69%
- 3Y*
- 11.20%
- 5Y*
- 8.68%
- 10Y*
- 6.75%
4BRZ.DE vs. IUSC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 10.78% | 48.47% | -29.92% | 32.87% | 14.05% | -19.58% | -19.46% | 28.48% | -1.96% |
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 11.11% | 55.24% | -27.51% | 32.34% | 8.11% | -11.41% | -11.96% | 15.91% | -4.16% |
Correlation
The correlation between 4BRZ.DE and IUSC.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.93 |
The correlation between 4BRZ.DE and IUSC.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
4BRZ.DE vs. IUSC.DE — Risk / Return Rank
4BRZ.DE
IUSC.DE
4BRZ.DE vs. IUSC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) and iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.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.
| 4BRZ.DE | IUSC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.92 | -0.63 |
| Martin ratioReturn relative to average drawdown | 3.45 | 5.28 | -1.84 |
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Drawdowns
4BRZ.DE vs. IUSC.DE - Drawdown Comparison
The maximum 4BRZ.DE drawdown since its inception was -57.20%, smaller than the maximum IUSC.DE drawdown of -67.40%. Use the drawdown chart below to compare losses from any high point for 4BRZ.DE and IUSC.DE.
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Drawdown Indicators
| 4BRZ.DE | IUSC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.20% | -67.40% | +10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -15.42% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -30.79% | -28.07% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.39% | -28.98% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.32% | — |
Current DrawdownCurrent decline from peak | -15.72% | -11.15% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -31.29% | +12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 5.49% | +1.64% |
Volatility
4BRZ.DE vs. IUSC.DE - Volatility Comparison
iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) has a higher volatility of 7.07% compared to iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) at 6.40%. This indicates that 4BRZ.DE's price experiences larger fluctuations and is considered to be riskier than IUSC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4BRZ.DE | IUSC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 6.40% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 16.65% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.57% | 20.30% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.42% | 22.34% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.15% | 26.07% | +7.08% |
4BRZ.DE vs. IUSC.DE - Expense Ratio Comparison
4BRZ.DE has a 0.31% expense ratio, which is higher than IUSC.DE's 0.20% expense ratio.
Dividends
4BRZ.DE vs. IUSC.DE - Dividend Comparison
4BRZ.DE has not paid dividends to shareholders, while IUSC.DE's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 3.42% | 3.65% | 4.87% | 3.74% | 6.10% | 2.71% | 1.59% | 2.00% | 1.89% | 1.37% | 1.18% | 2.53% |
Frequently Asked Questions
With a correlation of 0.93, 4BRZ.DE and IUSC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUSC.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSC.DE is cheaper with a 0.20% expense ratio, compared with 0.31% for 4BRZ.DE.
4BRZ.DE tracks MSCI Brazil 25/50 Index, while IUSC.DE tracks MSCI Emerging Markets Latin America 10/40. Their fees differ too: 0.31% for 4BRZ.DE and 0.20% for IUSC.DE.
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