IBC4.DE vs. EHDL.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) are both Emerging Markets Equities funds - IBC4.DE tracks the MSCI South Africa Capped Index while EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility Index. Both are passively managed. Over the past 10 years, IBC4.DE returned 7.19%/yr vs 6.47%/yr for EHDL.DE. A 0.57 correlation means they provide meaningful diversification when combined. IBC4.DE charges 0.65%/yr vs 0.49%/yr for EHDL.DE.
Performance
IBC4.DE vs. EHDL.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 EHDL.DE's 9.26% return. Over the past 10 years, IBC4.DE has outperformed EHDL.DE with an annualized return of 7.19%, while EHDL.DE has yielded a comparatively lower 6.47% annualized 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%
EHDL.DE
- 1D
- 1.22%
- 1M
- -0.90%
- 6M
- 8.37%
- YTD
- 9.26%
- 1Y
- 19.74%
- 3Y*
- 11.75%
- 5Y*
- 6.50%
- 10Y*
- 6.47%
IBC4.DE vs. EHDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -21.79% | 19.74% |
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 9.26% | 12.82% | 8.32% | 6.17% | -10.93% | 22.11% | -15.54% | 19.11% | -2.44% | 9.35% |
Correlation
The correlation between IBC4.DE and EHDL.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 27, 2016 | 0.57 |
The correlation between IBC4.DE and EHDL.DE shifts across timeframes, from 0.47 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC4.DE vs. EHDL.DE — Risk / Return Rank
IBC4.DE
EHDL.DE
IBC4.DE vs. EHDL.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 Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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 | EHDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.73 | -2.21 |
| Martin ratioReturn relative to average drawdown | 3.57 | 10.05 | -6.48 |
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Drawdowns
IBC4.DE vs. EHDL.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than EHDL.DE's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and EHDL.DE.
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Drawdown Indicators
| IBC4.DE | EHDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -36.13% | -19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -5.26% | -16.28% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -14.85% | -6.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -18.80% | -10.94% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -36.13% | -19.35% |
Current DrawdownCurrent decline from peak | -16.46% | -3.59% | -12.87% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -9.11% | -8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 1.96% | +7.25% |
Volatility
IBC4.DE vs. EHDL.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has a higher volatility of 8.06% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) at 3.89%. This indicates that IBC4.DE's price experiences larger fluctuations and is considered to be riskier than EHDL.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 | EHDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 3.89% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 8.13% | +17.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 11.32% | +18.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 13.61% | +12.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 18.02% | +9.82% |
IBC4.DE vs. EHDL.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than EHDL.DE's 0.49% expense ratio.
Dividends
IBC4.DE vs. EHDL.DE - Dividend Comparison
IBC4.DE has not paid dividends to shareholders, while EHDL.DE's dividend yield for the trailing twelve months is around 4.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.87% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | 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
IBC4.DE and EHDL.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHDL.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHDL.DE is cheaper with a 0.49% expense ratio, compared with 0.65% for IBC4.DE.
IBC4.DE tracks MSCI South Africa Capped Index, while EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.65% for IBC4.DE and 0.49% for EHDL.DE.
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