IBC4.DE vs. WTED.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and WTED.DE (WisdomTree Emerging Markets SmallCap Dividend UCITS ETF) are both Emerging Markets Equities funds - IBC4.DE tracks the MSCI South Africa Capped Index while WTED.DE tracks the WisdomTree Emerging Markets SmallCap Dividend. Both are passively managed. Over the past 10 years, IBC4.DE returned 7.19%/yr vs 9.05%/yr for WTED.DE. A 0.63 correlation means they provide meaningful diversification when combined. IBC4.DE charges 0.65%/yr vs 0.54%/yr for WTED.DE.
Performance
IBC4.DE vs. WTED.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 WTED.DE's 15.58% return. Over the past 10 years, IBC4.DE has underperformed WTED.DE with an annualized return of 7.19%, while WTED.DE has yielded a comparatively higher 9.05% 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%
WTED.DE
- 1D
- 1.12%
- 1M
- 3.06%
- 6M
- 14.62%
- YTD
- 15.58%
- 1Y
- 22.22%
- 3Y*
- 12.84%
- 5Y*
- 8.12%
- 10Y*
- 9.05%
IBC4.DE vs. WTED.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% |
WTED.DE WisdomTree Emerging Markets SmallCap Dividend UCITS ETF | 15.58% | 6.38% | 8.38% | 15.71% | -5.53% | 21.92% | -3.85% | 20.15% | -11.97% | 18.97% |
Correlation
The correlation between IBC4.DE and WTED.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.63 |
Over the past year, the correlation between IBC4.DE and WTED.DE has dropped to 0.39 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
IBC4.DE vs. WTED.DE — Risk / Return Rank
IBC4.DE
WTED.DE
IBC4.DE vs. WTED.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 WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (WTED.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 | WTED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.12 | -1.59 |
| Martin ratioReturn relative to average drawdown | 3.57 | 9.59 | -6.02 |
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Drawdowns
IBC4.DE vs. WTED.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than WTED.DE's maximum drawdown of -36.92%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and WTED.DE.
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Drawdown Indicators
| IBC4.DE | WTED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -36.92% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -7.10% | -14.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -19.61% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -19.61% | -10.13% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -36.92% | -18.56% |
Current DrawdownCurrent decline from peak | -16.46% | -0.27% | -16.19% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -8.38% | -9.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 2.31% | +6.90% |
Volatility
IBC4.DE vs. WTED.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has a higher volatility of 8.06% compared to WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (WTED.DE) at 5.21%. This indicates that IBC4.DE's price experiences larger fluctuations and is considered to be riskier than WTED.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 | WTED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 5.21% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 10.66% | +14.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 13.25% | +16.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 13.30% | +12.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 22.25% | +5.59% |
IBC4.DE vs. WTED.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than WTED.DE's 0.54% expense ratio.
Dividends
IBC4.DE vs. WTED.DE - Dividend Comparison
IBC4.DE has not paid dividends to shareholders, while WTED.DE's dividend yield for the trailing twelve months is around 3.84%.
| 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% |
WTED.DE WisdomTree Emerging Markets SmallCap Dividend UCITS ETF | 3.84% | 2.95% | 4.72% | 3.50% | 4.17% | 2.79% | 3.04% | 3.11% | 3.11% | 2.37% | 0.43% | 3.30% |
Frequently Asked Questions
IBC4.DE and WTED.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTED.DE is cheaper at 0.54% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTED.DE is cheaper with a 0.54% expense ratio, compared with 0.65% for IBC4.DE.
IBC4.DE tracks MSCI South Africa Capped Index, while WTED.DE tracks WisdomTree Emerging Markets SmallCap Dividend. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.65% for IBC4.DE and 0.54% for WTED.DE.
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