IBCG.DE vs. IUSQ.DE
IBCG.DE (iShares MSCI Japan EUR Hedged UCITS ETF (Acc)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - IBCG.DE is a Japan Equities fund tracking the MSCI Japan Index (EUR Hedged), while IUSQ.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, IBCG.DE returned 14.99%/yr vs 12.51%/yr for IUSQ.DE. A 0.69 correlation means they provide meaningful diversification when combined. IBCG.DE charges 0.64%/yr vs 0.20%/yr for IUSQ.DE.
Performance
IBCG.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCG.DE achieves a 21.27% return, which is significantly higher than IUSQ.DE's 14.14% return. Over the past 10 years, IBCG.DE has outperformed IUSQ.DE with an annualized return of 14.99%, while IUSQ.DE has yielded a comparatively lower 12.51% annualized return.
IBCG.DE
- 1D
- 1.23%
- 1M
- 1.98%
- 6M
- 20.86%
- YTD
- 21.27%
- 1Y
- 48.23%
- 3Y*
- 25.91%
- 5Y*
- 19.57%
- 10Y*
- 14.99%
IUSQ.DE
- 1D
- 0.59%
- 1M
- 1.08%
- 6M
- 13.65%
- YTD
- 14.14%
- 1Y
- 26.53%
- 3Y*
- 17.85%
- 5Y*
- 11.85%
- 10Y*
- 12.51%
IBCG.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCG.DE iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | 21.27% | 26.94% | 22.76% | 32.85% | -5.89% | 12.06% | 7.58% | 16.67% | -16.91% | 18.65% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 14.14% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between IBCG.DE and IUSQ.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | 0.69 |
The correlation between IBCG.DE and IUSQ.DE has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
IBCG.DE vs. IUSQ.DE — Risk / Return Rank
IBCG.DE
IUSQ.DE
IBCG.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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.
| IBCG.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 4.08 | +0.75 |
| Martin ratioReturn relative to average drawdown | 16.49 | 16.66 | -0.17 |
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Drawdowns
IBCG.DE vs. IUSQ.DE - Drawdown Comparison
The maximum IBCG.DE drawdown since its inception was -34.79%, roughly equal to the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for IBCG.DE and IUSQ.DE.
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Drawdown Indicators
| IBCG.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -33.60% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -6.48% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -21.25% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -21.25% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -34.79% | -33.60% | -1.19% |
Current DrawdownCurrent decline from peak | -2.74% | -0.06% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -4.17% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 1.59% | +1.33% |
Volatility
IBCG.DE vs. IUSQ.DE - Volatility Comparison
iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) has a higher volatility of 6.70% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.66%. This indicates that IBCG.DE's price experiences larger fluctuations and is considered to be riskier than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCG.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 3.66% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 8.63% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 11.78% | +8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 13.99% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 14.98% | +3.47% |
IBCG.DE vs. IUSQ.DE - Expense Ratio Comparison
IBCG.DE has a 0.64% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
IBCG.DE vs. IUSQ.DE - Dividend Comparison
Neither IBCG.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCG.DE and IUSQ.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.64% for IBCG.DE.
IBCG.DE is categorized as Japan Equities, while IUSQ.DE is Global Equities. IBCG.DE tracks MSCI Japan Index (EUR Hedged), while IUSQ.DE tracks MSCI ACWI Index. Their fees differ too: 0.64% for IBCG.DE and 0.20% for IUSQ.DE.
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