IBC4.DE vs. SPYV.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds - IBC4.DE tracks the MSCI South Africa Capped Index while SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, IBC4.DE returned 7.19%/yr vs 5.81%/yr for SPYV.DE. A 0.70 correlation means they provide meaningful diversification when combined. IBC4.DE charges 0.65%/yr vs 0.55%/yr for SPYV.DE.
Performance
IBC4.DE vs. SPYV.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 SPYV.DE's 6.43% return. Over the past 10 years, IBC4.DE has outperformed SPYV.DE with an annualized return of 7.19%, while SPYV.DE has yielded a comparatively lower 5.81% 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%
SPYV.DE
- 1D
- 0.82%
- 1M
- 0.41%
- 6M
- 6.20%
- YTD
- 6.43%
- 1Y
- 8.46%
- 3Y*
- 9.95%
- 5Y*
- 6.03%
- 10Y*
- 5.81%
IBC4.DE vs. SPYV.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% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 6.43% | 6.31% | 21.07% | 1.34% | -2.95% | 6.78% | -10.98% | 15.05% | -2.33% | 12.15% |
Correlation
The correlation between IBC4.DE and SPYV.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2011 | 0.70 |
Over the past year, the correlation between IBC4.DE and SPYV.DE has dropped to 0.46 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
IBC4.DE vs. SPYV.DE — Risk / Return Rank
IBC4.DE
SPYV.DE
IBC4.DE vs. SPYV.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 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.
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 | SPYV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.04 | +0.49 |
| Martin ratioReturn relative to average drawdown | 3.57 | 2.38 | +1.18 |
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Drawdowns
IBC4.DE vs. SPYV.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than SPYV.DE's maximum drawdown of -49.58%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and SPYV.DE.
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Drawdown Indicators
| IBC4.DE | SPYV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -49.58% | -5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -8.13% | -13.41% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -16.98% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -17.60% | -12.14% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -38.16% | -17.32% |
Current DrawdownCurrent decline from peak | -16.46% | -4.45% | -12.01% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -20.24% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 3.54% | +5.67% |
Volatility
IBC4.DE vs. SPYV.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has a higher volatility of 8.06% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) at 3.14%. This indicates that IBC4.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
| IBC4.DE | SPYV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 3.14% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 8.46% | +16.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 11.48% | +18.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 14.92% | +10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 17.07% | +10.77% |
IBC4.DE vs. SPYV.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than SPYV.DE's 0.55% expense ratio.
Dividends
IBC4.DE vs. SPYV.DE - Dividend Comparison
IBC4.DE has not paid dividends to shareholders, while SPYV.DE's dividend yield for the trailing twelve months is around 3.80%.
| 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% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 3.80% | 3.96% | 3.99% | 4.96% | 4.70% | 3.20% | 3.29% | 3.59% | 3.57% | 2.95% | 4.34% | 5.98% |
Frequently Asked Questions
IBC4.DE and SPYV.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYV.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYV.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for IBC4.DE.
IBC4.DE tracks MSCI South Africa Capped Index, 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: 0.65% for IBC4.DE and 0.55% for SPYV.DE.
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