IBC4.DE vs. 5MVL.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and 5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds from iShares - IBC4.DE tracks the MSCI South Africa Capped Index while 5MVL.DE tracks the MSCI Emerging Markets Select Value Factor Focus. Both are passively managed. Over the past 5 years, IBC4.DE returned 11.49%/yr vs 16.49%/yr for 5MVL.DE. A 0.65 correlation means they provide meaningful diversification when combined. IBC4.DE charges 0.65%/yr vs 0.40%/yr for 5MVL.DE.
Performance
IBC4.DE vs. 5MVL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC4.DE achieves a -1.83% return, which is significantly lower than 5MVL.DE's 40.32% return.
IBC4.DE
- 1D
- 0.65%
- 1M
- -0.00%
- 6M
- -2.26%
- YTD
- -1.83%
- 1Y
- 32.92%
- 3Y*
- 22.90%
- 5Y*
- 11.49%
- 10Y*
- 7.19%
5MVL.DE
- 1D
- 2.80%
- 1M
- -6.17%
- 6M
- 36.31%
- YTD
- 40.32%
- 1Y
- 66.56%
- 3Y*
- 31.76%
- 5Y*
- 16.49%
- 10Y*
- —
IBC4.DE vs. 5MVL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | -1.83% | 57.35% | 14.83% | -3.10% | 1.72% | 12.68% | -11.83% | 12.46% | -3.97% |
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 40.32% | 27.25% | 21.00% | 14.59% | -10.56% | 13.09% | -2.40% | 20.36% | -14.02% |
Correlation
The correlation between IBC4.DE and 5MVL.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | 0.65 |
The correlation between IBC4.DE and 5MVL.DE has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
IBC4.DE vs. 5MVL.DE — Risk / Return Rank
IBC4.DE
5MVL.DE
IBC4.DE vs. 5MVL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBC4.DE | 5MVL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.52 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 6.42 | -4.90 |
| Martin ratioReturn relative to average drawdown | 3.57 | 19.50 | -15.93 |
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Drawdowns
IBC4.DE vs. 5MVL.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than 5MVL.DE's maximum drawdown of -32.22%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and 5MVL.DE.
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Drawdown Indicators
| IBC4.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -32.22% | -23.26% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -10.32% | -11.22% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -19.14% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -20.60% | -9.14% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | — | — |
Current DrawdownCurrent decline from peak | -16.46% | -7.81% | -8.65% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -6.62% | -10.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 3.40% | +5.81% |
Volatility
IBC4.DE vs. 5MVL.DE - Volatility Comparison
The current volatility for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) is 8.06%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a volatility of 10.83%. This indicates that IBC4.DE experiences smaller price fluctuations and is considered to be less risky than 5MVL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC4.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 10.83% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 18.78% | +6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 21.61% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 17.42% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 19.53% | +8.31% |
IBC4.DE vs. 5MVL.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than 5MVL.DE's 0.40% expense ratio.
Dividends
IBC4.DE vs. 5MVL.DE - Dividend Comparison
Neither IBC4.DE nor 5MVL.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC4.DE and 5MVL.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5MVL.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5MVL.DE is cheaper with a 0.40% expense ratio, compared with 0.65% for IBC4.DE.
IBC4.DE tracks MSCI South Africa Capped Index, while 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus. Their fees differ too: 0.65% for IBC4.DE and 0.40% for 5MVL.DE.
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