IBC4.DE vs. ISPA.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - IBC4.DE is a Emerging Markets Equities fund tracking the MSCI South Africa Capped Index, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 10 years, IBC4.DE returned 7.19%/yr vs 8.88%/yr for ISPA.DE. A 0.56 correlation means they provide meaningful diversification when combined. IBC4.DE charges 0.65%/yr vs 0.46%/yr for ISPA.DE.
Performance
IBC4.DE vs. ISPA.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 ISPA.DE's 14.66% return. Over the past 10 years, IBC4.DE has underperformed ISPA.DE with an annualized return of 7.19%, while ISPA.DE has yielded a comparatively higher 8.88% 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%
ISPA.DE
- 1D
- 0.47%
- 1M
- 1.53%
- 6M
- 13.66%
- YTD
- 14.66%
- 1Y
- 28.82%
- 3Y*
- 18.87%
- 5Y*
- 10.92%
- 10Y*
- 8.88%
IBC4.DE vs. ISPA.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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 14.66% | 19.72% | 12.97% | 4.78% | -1.91% | 22.80% | -9.12% | 24.23% | -6.97% | 2.97% |
Correlation
The correlation between IBC4.DE and ISPA.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2010 | 0.56 |
The correlation between IBC4.DE and ISPA.DE has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.
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Return for Risk
IBC4.DE vs. ISPA.DE — Risk / Return Rank
IBC4.DE
ISPA.DE
IBC4.DE vs. ISPA.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 STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.59 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 7.87 | -6.35 |
| Martin ratioReturn relative to average drawdown | 3.57 | 28.42 | -24.86 |
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Drawdowns
IBC4.DE vs. ISPA.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than ISPA.DE's maximum drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and ISPA.DE.
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Drawdown Indicators
| IBC4.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -38.90% | -16.58% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -3.64% | -17.90% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -15.09% | -6.45% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -15.09% | -14.65% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -38.90% | -16.58% |
Current DrawdownCurrent decline from peak | -16.46% | -0.29% | -16.17% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -4.53% | -12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 1.01% | +8.20% |
Volatility
IBC4.DE vs. ISPA.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has a higher volatility of 8.06% compared to iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) at 2.36%. This indicates that IBC4.DE's price experiences larger fluctuations and is considered to be riskier than ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 2.36% | +5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 6.87% | +18.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 8.95% | +20.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 11.97% | +13.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 14.65% | +13.19% |
IBC4.DE vs. ISPA.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than ISPA.DE's 0.46% expense ratio.
Dividends
IBC4.DE vs. ISPA.DE - Dividend Comparison
IBC4.DE has not paid dividends to shareholders, while ISPA.DE's dividend yield for the trailing twelve months is around 3.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.71% | 4.52% | 4.89% | 5.91% | 4.87% | 3.31% | 4.04% | 4.02% | 4.01% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
IBC4.DE and ISPA.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISPA.DE is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPA.DE is cheaper with a 0.46% expense ratio, compared with 0.65% for IBC4.DE.
IBC4.DE is categorized as Emerging Markets Equities, while ISPA.DE is Global Equities. IBC4.DE tracks MSCI South Africa Capped Index, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.65% for IBC4.DE and 0.46% for ISPA.DE.
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