IBCH.DE vs. UEEH.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds from iShares - IBCH.DE tracks the MSCI World 100% Hedged to EUR Net while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, IBCH.DE returned 10.57%/yr vs 5.98%/yr for UEEH.DE. A 0.51 correlation means they provide meaningful diversification when combined. IBCH.DE charges 0.55%/yr vs 0.30%/yr for UEEH.DE.
Performance
IBCH.DE vs. UEEH.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 higher than UEEH.DE's 1.54% return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 2.82%
- YTD
- 8.84%
- 6M
- 9.58%
- 1Y
- 23.44%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.86%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 0.02%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
IBCH.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 23.63% | 11.11% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
Correlation
The correlation between IBCH.DE and UEEH.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.51 |
Over the past year, the correlation between IBCH.DE and UEEH.DE has dropped to 0.17 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
IBCH.DE vs. UEEH.DE — Risk / Return Rank
IBCH.DE
UEEH.DE
IBCH.DE vs. UEEH.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 Minimum Volatility UCITS ETF USD Dist (UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.00 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | -0.10 | +3.14 |
| Martin ratioReturn relative to average drawdown | 13.04 | -0.22 | +13.26 |
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 | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | -0.07 | +2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.59 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.65 | -0.01 |
Drawdowns
IBCH.DE vs. UEEH.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, which is greater than UEEH.DE's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for IBCH.DE and UEEH.DE.
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Drawdown Indicators
| IBCH.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -12.82% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -5.49% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -12.82% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -12.82% | -10.86% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -6.93% | +6.54% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -4.41% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.52% | -0.70% |
Volatility
IBCH.DE vs. UEEH.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 Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that IBCH.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.62% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 5.56% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 7.88% | +3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 10.11% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 10.26% | +5.06% |
IBCH.DE vs. UEEH.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than UEEH.DE's 0.30% expense ratio.
Dividends
IBCH.DE vs. UEEH.DE - Dividend Comparison
IBCH.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
Frequently Asked Questions
IBCH.DE and UEEH.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.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 UEEH.DE tracks MSCI World Minimum Volatility. Their fees differ too: 0.55% for IBCH.DE and 0.30% for UEEH.DE.
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