IBC0.DE vs. EL42.DE
IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both Europe Equities funds - IBC0.DE tracks the MSCI Europe Diversified Multiple-Factor while EL42.DE tracks the MSCI Europe. Both are passively managed. Over the past 10 years, IBC0.DE returned 9.77%/yr vs 8.94%/yr for EL42.DE. Their correlation of 0.86 suggests significant overlap in exposure. IBC0.DE charges 0.45%/yr vs 0.30%/yr for EL42.DE.
Performance
IBC0.DE vs. EL42.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC0.DE achieves a 9.99% return, which is significantly higher than EL42.DE's 7.59% return. Over the past 10 years, IBC0.DE has outperformed EL42.DE with an annualized return of 9.77%, while EL42.DE has yielded a comparatively lower 8.94% annualized return.
IBC0.DE
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- 9.99%
- 6M
- 13.20%
- 1Y
- 19.89%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
EL42.DE
- 1D
- 0.56%
- 1M
- 1.11%
- YTD
- 7.59%
- 6M
- 9.92%
- 1Y
- 15.89%
- 3Y*
- 13.43%
- 5Y*
- 9.71%
- 10Y*
- 8.94%
IBC0.DE vs. EL42.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 26.28% | -11.58% | 12.21% |
EL42.DE Deka MSCI Europe UCITS ETF | 7.59% | 20.03% | 7.79% | 15.64% | -9.11% | 24.38% | -3.36% | 27.36% | -10.93% | 10.10% |
Correlation
The correlation between IBC0.DE and EL42.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 | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2015 | 0.86 |
The correlation between IBC0.DE and EL42.DE has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
IBC0.DE vs. EL42.DE — Risk / Return Rank
IBC0.DE
EL42.DE
IBC0.DE vs. EL42.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) and Deka MSCI Europe UCITS ETF (EL42.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.
| IBC0.DE | EL42.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.67 | +0.90 |
| Martin ratioReturn relative to average drawdown | 9.54 | 6.24 | +3.30 |
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
| IBC0.DE | EL42.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.25 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.68 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.57 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.60 | -0.01 |
Drawdowns
IBC0.DE vs. EL42.DE - Drawdown Comparison
The maximum IBC0.DE drawdown since its inception was -37.22%, roughly equal to the maximum EL42.DE drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for IBC0.DE and EL42.DE.
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Drawdown Indicators
| IBC0.DE | EL42.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -35.85% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -9.57% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | -16.42% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -19.44% | -5.20% |
Max Drawdown (10Y)Largest decline over 10 years | -37.22% | -35.85% | -1.37% |
Current DrawdownCurrent decline from peak | -1.53% | -1.52% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -5.32% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.56% | -0.44% |
Volatility
IBC0.DE vs. EL42.DE - Volatility Comparison
iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) and Deka MSCI Europe UCITS ETF (EL42.DE) have volatilities of 4.25% and 4.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC0.DE | EL42.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.22% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 10.55% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 12.74% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 14.21% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 15.56% | +0.76% |
IBC0.DE vs. EL42.DE - Expense Ratio Comparison
IBC0.DE has a 0.45% expense ratio, which is higher than EL42.DE's 0.30% expense ratio.
Dividends
IBC0.DE vs. EL42.DE - Dividend Comparison
IBC0.DE has not paid dividends to shareholders, while EL42.DE's dividend yield for the trailing twelve months is around 2.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 2.15% | 2.31% | 2.64% | 2.59% | 2.78% | 2.09% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, IBC0.DE and EL42.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, EL42.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL42.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for IBC0.DE.
IBC0.DE tracks MSCI Europe Diversified Multiple-Factor, while EL42.DE tracks MSCI Europe. They also come from different issuers: iShares and Deka. Their fees differ too: 0.45% for IBC0.DE and 0.30% for EL42.DE.
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