AW1F.DE vs. IBCY.DE
AW1F.DE (UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - AW1F.DE tracks the MSCI USA ESG Universal Low Carbon Select 5% Issuer Capped while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 3 years, AW1F.DE returned 19.67%/yr vs 18.57%/yr for IBCY.DE. Their correlation of 0.88 suggests significant overlap in exposure. AW1F.DE charges 0.07%/yr vs 0.35%/yr for IBCY.DE.
Performance
AW1F.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AW1F.DE having a 12.99% return and IBCY.DE slightly lower at 12.61%.
AW1F.DE
- 1D
- 0.00%
- 1M
- 2.23%
- YTD
- 12.99%
- 6M
- 13.25%
- 1Y
- 26.73%
- 3Y*
- 19.67%
- 5Y*
- —
- 10Y*
- —
IBCY.DE
- 1D
- 0.40%
- 1M
- 2.67%
- YTD
- 12.61%
- 6M
- 12.61%
- 1Y
- 27.73%
- 3Y*
- 18.57%
- 5Y*
- 12.60%
- 10Y*
- 12.77%
AW1F.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1F.DE UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc | 12.99% | 3.65% | 32.30% | 24.10% | -18.01% | 12.73% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 12.61% | 6.35% | 29.27% | 13.63% | -11.63% | 12.11% |
Correlation
The correlation between AW1F.DE and IBCY.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.88 |
Over the past year, the correlation between AW1F.DE and IBCY.DE has dropped to 0.59 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
AW1F.DE vs. IBCY.DE — Risk / Return Rank
AW1F.DE
IBCY.DE
AW1F.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc (AW1F.DE) and iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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.
| AW1F.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.50 | +1.58 |
| Martin ratioReturn relative to average drawdown | 10.74 | 2.65 | +8.09 |
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Drawdowns
AW1F.DE vs. IBCY.DE - Drawdown Comparison
The maximum AW1F.DE drawdown since its inception was -23.95%, smaller than the maximum IBCY.DE drawdown of -35.57%. Use the drawdown chart below to compare losses from any high point for AW1F.DE and IBCY.DE.
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Drawdown Indicators
| AW1F.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.95% | -35.57% | +11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -18.44% | +9.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.95% | -22.93% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.57% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.79% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -6.57% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 10.45% | -7.95% |
Volatility
AW1F.DE vs. IBCY.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc (AW1F.DE) is 3.62%, while iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) has a volatility of 4.31%. This indicates that AW1F.DE experiences smaller price fluctuations and is considered to be less risky than IBCY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1F.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 4.31% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 10.34% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 24.49% | -11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 18.03% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 20.22% | -4.35% |
AW1F.DE vs. IBCY.DE - Expense Ratio Comparison
AW1F.DE has a 0.07% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
AW1F.DE vs. IBCY.DE - Dividend Comparison
Neither AW1F.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1F.DE and IBCY.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1F.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1F.DE is cheaper with a 0.07% expense ratio, compared with 0.35% for IBCY.DE.
AW1F.DE tracks MSCI USA ESG Universal Low Carbon Select 5% Issuer Capped, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: UBS and iShares. Their fees differ too: 0.07% for AW1F.DE and 0.35% for IBCY.DE.
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