IBC3.DE vs. SPYV.DE
IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) and SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds - IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI) while SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats. Both are passively managed. Over the past 5 years, IBC3.DE returned 8.85%/yr vs 6.00%/yr for SPYV.DE. Their correlation of 0.82 suggests significant overlap in exposure. IBC3.DE charges 0.18%/yr vs 0.55%/yr for SPYV.DE.
Performance
IBC3.DE vs. SPYV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC3.DE achieves a 25.91% return, which is significantly higher than SPYV.DE's 5.71% return.
IBC3.DE
- 1D
- -1.44%
- 1M
- 5.28%
- YTD
- 25.91%
- 6M
- 27.63%
- 1Y
- 47.26%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
SPYV.DE
- 1D
- -0.23%
- 1M
- -1.55%
- YTD
- 5.71%
- 6M
- 4.21%
- 1Y
- 10.75%
- 3Y*
- 9.94%
- 5Y*
- 6.00%
- 10Y*
- 6.23%
IBC3.DE vs. SPYV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | 7.38% | 7.44% | 21.30% | -9.19% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 5.71% | 6.33% | 21.05% | 1.39% | -2.70% | 6.51% | -11.03% | 15.10% | -5.37% |
Correlation
The correlation between IBC3.DE and SPYV.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.82 |
The correlation between IBC3.DE and SPYV.DE has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.
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Return for Risk
IBC3.DE vs. SPYV.DE — Risk / Return Rank
IBC3.DE
SPYV.DE
IBC3.DE vs. SPYV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) and SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.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.
| IBC3.DE | SPYV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.16 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 1.31 | +3.20 |
| Martin ratioReturn relative to average drawdown | 16.28 | 3.29 | +13.00 |
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
| IBC3.DE | SPYV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 0.92 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.40 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.18 | +0.30 |
Drawdowns
IBC3.DE vs. SPYV.DE - Drawdown Comparison
The maximum IBC3.DE drawdown since its inception was -31.89%, smaller than the maximum SPYV.DE drawdown of -43.79%. Use the drawdown chart below to compare losses from any high point for IBC3.DE and SPYV.DE.
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Drawdown Indicators
| IBC3.DE | SPYV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.89% | -43.79% | +11.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -8.15% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.08% | -16.93% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -17.58% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.19% | — |
Current DrawdownCurrent decline from peak | -2.52% | -5.09% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -12.48% | +4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.26% | -0.37% |
Volatility
IBC3.DE vs. SPYV.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a higher volatility of 7.06% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) at 3.51%. This indicates that IBC3.DE's price experiences larger fluctuations and is considered to be riskier than SPYV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC3.DE | SPYV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 3.51% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 8.37% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 11.72% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 15.03% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 17.36% | +1.06% |
IBC3.DE vs. SPYV.DE - Expense Ratio Comparison
IBC3.DE has a 0.18% expense ratio, which is lower than SPYV.DE's 0.55% expense ratio.
Dividends
IBC3.DE vs. SPYV.DE - Dividend Comparison
IBC3.DE's dividend yield for the trailing twelve months is around 1.88%, less than SPYV.DE's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% | 0.00% | 0.00% | 0.00% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 3.83% | 3.96% | 4.01% | 4.96% | 4.71% | 3.21% | 3.29% | 3.59% | 3.58% | 2.96% | 4.34% | 5.98% |
Frequently Asked Questions
IBC3.DE and SPYV.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for SPYV.DE.
IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI), while SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for IBC3.DE and 0.55% for SPYV.DE.
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