ESGU.DE vs. IBCY.DE
ESGU.DE (Invesco MSCI USA ESG Universal Screened UCITS ETF Acc) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - ESGU.DE tracks the MSCI USA ESG Universal Select Business Screens while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, ESGU.DE returned 13.90%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.90 suggests significant overlap in exposure. ESGU.DE charges 0.09%/yr vs 0.35%/yr for IBCY.DE.
Performance
ESGU.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
ESGU.DE
- 1D
- -0.51%
- 1M
- 5.84%
- YTD
- 12.55%
- 6M
- 12.15%
- 1Y
- 25.15%
- 3Y*
- 18.92%
- 5Y*
- 13.90%
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.35%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
ESGU.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc | 12.55% | 3.01% | 31.66% | 23.96% | -17.68% | 39.98% | 12.25% | 13.25% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 11.22% |
Correlation
The correlation between ESGU.DE and IBCY.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.90 |
Over the past year, the correlation between ESGU.DE and IBCY.DE has dropped to 0.53 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
ESGU.DE vs. IBCY.DE — Risk / Return Rank
ESGU.DE
IBCY.DE
ESGU.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.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.
| ESGU.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.56 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.08 | -0.97 |
| Martin ratioReturn relative to average drawdown | 10.84 | 19.99 | -9.15 |
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
| ESGU.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.70 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.69 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.63 | +0.26 |
Drawdowns
ESGU.DE vs. IBCY.DE - Drawdown Comparison
The maximum ESGU.DE drawdown since its inception was -32.63%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for ESGU.DE and IBCY.DE.
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Drawdown Indicators
| ESGU.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.63% | -35.54% | +2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -3.26% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -23.69% | -22.91% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | -22.91% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.53% | 0.00% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -4.95% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.67% | +1.64% |
Volatility
ESGU.DE vs. IBCY.DE - Volatility Comparison
Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE) has a higher volatility of 2.90% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that ESGU.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.
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Volatility by Period
| ESGU.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 0.00% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 0.00% | +8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 7.99% | +4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 14.77% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 16.12% | +1.35% |
ESGU.DE vs. IBCY.DE - Expense Ratio Comparison
ESGU.DE has a 0.09% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
ESGU.DE vs. IBCY.DE - Dividend Comparison
Neither ESGU.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
ESGU.DE and IBCY.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGU.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGU.DE is cheaper with a 0.09% expense ratio, compared with 0.35% for IBCY.DE.
ESGU.DE tracks MSCI USA ESG Universal Select Business Screens, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.09% for ESGU.DE and 0.35% for IBCY.DE.
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