IBCH.DE vs. IS3Q.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both Global Equities funds from iShares - IBCH.DE tracks the MSCI World 100% Hedged to EUR Net while IS3Q.DE tracks the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 10 years, IBCH.DE returned 11.23%/yr vs 12.05%/yr for IS3Q.DE. Their correlation of 0.86 suggests significant overlap in exposure. IBCH.DE charges 0.55%/yr vs 0.30%/yr for IS3Q.DE.
Performance
IBCH.DE vs. IS3Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCH.DE achieves a 8.84% return, which is significantly lower than IS3Q.DE's 9.47% return. Over the past 10 years, IBCH.DE has underperformed IS3Q.DE with an annualized return of 11.23%, while IS3Q.DE has yielded a comparatively higher 12.05% annualized return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 4.27%
- YTD
- 8.84%
- 6M
- 9.88%
- 1Y
- 23.78%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
IBCH.DE vs. IS3Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 23.63% | 11.16% | 24.84% | -10.33% | 16.64% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 33.90% | -3.45% | 8.34% |
Correlation
The correlation between IBCH.DE and IS3Q.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.86 |
The correlation between IBCH.DE and IS3Q.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
IBCH.DE vs. IS3Q.DE — Risk / Return Rank
IBCH.DE
IS3Q.DE
IBCH.DE vs. IS3Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) and iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| IBCH.DE | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.97 | +0.07 |
| Martin ratioReturn relative to average drawdown | 13.04 | 11.80 | +1.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBCH.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.76 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.79 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.80 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.76 | -0.13 |
Drawdowns
IBCH.DE vs. IS3Q.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, roughly equal to the maximum IS3Q.DE drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for IBCH.DE and IS3Q.DE.
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Drawdown Indicators
| IBCH.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -32.31% | -1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -6.33% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -20.63% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -20.63% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | -32.31% | -1.25% |
Current DrawdownCurrent decline from peak | -0.39% | -0.12% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -4.61% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.60% | +0.22% |
Volatility
IBCH.DE vs. IS3Q.DE - Volatility Comparison
iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) has a higher volatility of 2.94% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.37%. This indicates that IBCH.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCH.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.37% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 7.31% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 10.66% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 14.15% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 14.89% | +0.43% |
IBCH.DE vs. IS3Q.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than IS3Q.DE's 0.30% expense ratio.
Dividends
IBCH.DE vs. IS3Q.DE - Dividend Comparison
Neither IBCH.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCH.DE and IS3Q.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3Q.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3Q.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for IBCH.DE.
IBCH.DE tracks MSCI World 100% Hedged to EUR Net, while IS3Q.DE tracks MSCI World Sector Neutral Quality. Their fees differ too: 0.55% for IBCH.DE and 0.30% for IS3Q.DE.
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