IBC0.DE vs. SPYL.DE
IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - IBC0.DE is a Europe Equities fund tracking the MSCI Europe Diversified Multiple-Factor, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, IBC0.DE returned 19.89% vs 25.56% for SPYL.DE. A 0.51 correlation means they provide meaningful diversification when combined. IBC0.DE charges 0.45%/yr vs 0.03%/yr for SPYL.DE.
Performance
IBC0.DE vs. SPYL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBC0.DE achieves a 9.99% return, which is significantly lower than SPYL.DE's 11.37% 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%
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBC0.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 9.99% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between IBC0.DE and SPYL.DE is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.51 |
The correlation between IBC0.DE and SPYL.DE has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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
IBC0.DE vs. SPYL.DE — Risk / Return Rank
IBC0.DE
SPYL.DE
IBC0.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.58 | -1.01 |
| Martin ratioReturn relative to average drawdown | 9.54 | 12.72 | -3.19 |
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
| IBC0.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.21 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.54 | -0.95 |
Drawdowns
IBC0.DE vs. SPYL.DE - Drawdown Comparison
The maximum IBC0.DE drawdown since its inception was -37.22%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for IBC0.DE and SPYL.DE.
Loading charts...
Drawdown Indicators
| IBC0.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -23.27% | -13.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -7.13% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.22% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -0.46% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -3.24% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.01% | +0.11% |
Volatility
IBC0.DE vs. SPYL.DE - Volatility Comparison
iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) has a higher volatility of 4.25% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that IBC0.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBC0.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 2.66% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 7.57% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 11.52% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 14.61% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 14.61% | +1.71% |
IBC0.DE vs. SPYL.DE - Expense Ratio Comparison
IBC0.DE has a 0.45% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Dividends
IBC0.DE vs. SPYL.DE - Dividend Comparison
Neither IBC0.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC0.DE and SPYL.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.45% for IBC0.DE.
IBC0.DE is categorized as Europe Equities, while SPYL.DE is S&P 500. IBC0.DE tracks MSCI Europe Diversified Multiple-Factor, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.45% for IBC0.DE and 0.03% for SPYL.DE.
Find the right allocation for IBC0.DE and SPYL.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