ENOA.DE vs. IBCY.DE
ENOA.DE (BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - ENOA.DE tracks the MSCI North America ESG Filtered Min TE while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, ENOA.DE returned 13.15%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.92 suggests significant overlap in exposure. ENOA.DE charges 0.15%/yr vs 0.35%/yr for IBCY.DE.
Performance
ENOA.DE vs. IBCY.DE - Performance Comparison
Loading charts...
Returns By Period
ENOA.DE
- 1D
- -0.05%
- 1M
- 4.58%
- YTD
- 11.11%
- 6M
- 10.37%
- 1Y
- 24.56%
- 3Y*
- 17.84%
- 5Y*
- 13.15%
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.22%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
ENOA.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENOA.DE BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF | 11.11% | 3.55% | 30.16% | 20.47% | -15.59% | 38.32% | 9.00% | 34.01% | -95.57% | 5.70% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 28.63% | -6.73% | 6.21% |
Correlation
The correlation between ENOA.DE and IBCY.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.92 |
Over the past year, the correlation between ENOA.DE and IBCY.DE has dropped to 0.55 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENOA.DE vs. IBCY.DE — Risk / Return Rank
ENOA.DE
IBCY.DE
ENOA.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF (ENOA.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.
| ENOA.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.56 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 4.08 | -0.90 |
| Martin ratioReturn relative to average drawdown | 11.09 | 19.99 | -8.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ENOA.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.70 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.69 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.63 | -1.11 |
Drawdowns
ENOA.DE vs. IBCY.DE - Drawdown Comparison
The maximum ENOA.DE drawdown since its inception was -96.01%, which is greater than IBCY.DE's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for ENOA.DE and IBCY.DE.
Loading charts...
Drawdown Indicators
| ENOA.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.01% | -35.54% | -60.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -3.26% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -22.91% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -22.91% | -1.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -87.22% | 0.00% | -87.22% |
Average DrawdownAverage peak-to-trough decline | -75.96% | -4.95% | -71.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.67% | +1.55% |
Volatility
ENOA.DE vs. IBCY.DE - Volatility Comparison
BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF (ENOA.DE) has a higher volatility of 2.73% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that ENOA.DE's price experiences larger fluctuations and is considered to be riskier than IBCY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENOA.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 0.00% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 0.00% | +7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 7.99% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 14.77% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.63% | 16.12% | +19.51% |
ENOA.DE vs. IBCY.DE - Expense Ratio Comparison
ENOA.DE has a 0.15% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
ENOA.DE vs. IBCY.DE - Dividend Comparison
Neither ENOA.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
ENOA.DE and IBCY.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENOA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENOA.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for IBCY.DE.
ENOA.DE tracks MSCI North America ESG Filtered Min TE, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.15% for ENOA.DE and 0.35% for IBCY.DE.
Find the right allocation for ENOA.DE and IBCY.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer