FUSR.DE vs. IBCY.DE
FUSR.DE (Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - FUSR.DE tracks the Fidelity Sustainable Research Enhanced US Equity while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, FUSR.DE returned 14.75%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.88 suggests significant overlap in exposure. FUSR.DE charges 0.30%/yr vs 0.35%/yr for IBCY.DE.
Performance
FUSR.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
FUSR.DE
- 1D
- 0.07%
- 1M
- 4.38%
- YTD
- 10.99%
- 6M
- 10.70%
- 1Y
- 26.84%
- 3Y*
- 19.47%
- 5Y*
- 14.75%
- 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%
FUSR.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FUSR.DE Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc | 10.99% | 5.18% | 33.40% | 24.94% | -16.94% | 38.09% | 12.94% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 8.56% |
Correlation
The correlation between FUSR.DE and IBCY.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.88 |
Over the past year, the correlation between FUSR.DE and IBCY.DE has dropped to 0.48 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
FUSR.DE vs. IBCY.DE — Risk / Return Rank
FUSR.DE
IBCY.DE
FUSR.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSR.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.
| FUSR.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.56 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 4.08 | -0.68 |
| Martin ratioReturn relative to average drawdown | 12.17 | 19.99 | -7.82 |
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
| FUSR.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.70 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.69 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.63 | +0.40 |
Drawdowns
FUSR.DE vs. IBCY.DE - Drawdown Comparison
The maximum FUSR.DE drawdown since its inception was -24.29%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for FUSR.DE and IBCY.DE.
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Drawdown Indicators
| FUSR.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.29% | -35.54% | +11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -3.26% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -24.29% | -22.91% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.29% | -22.91% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.25% | 0.00% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -4.95% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 0.67% | +1.53% |
Volatility
FUSR.DE vs. IBCY.DE - Volatility Comparison
Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSR.DE) has a higher volatility of 2.62% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that FUSR.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
| FUSR.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 0.00% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 0.00% | +8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 7.99% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 14.77% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 16.12% | -0.13% |
FUSR.DE vs. IBCY.DE - Expense Ratio Comparison
FUSR.DE has a 0.30% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
FUSR.DE vs. IBCY.DE - Dividend Comparison
Neither FUSR.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
FUSR.DE and IBCY.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUSR.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUSR.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for IBCY.DE.
FUSR.DE tracks Fidelity Sustainable Research Enhanced US Equity, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FUSR.DE and 0.35% for IBCY.DE.
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