IBCK.DE vs. IBCZ.DE
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) are both exchange-traded funds - IBCK.DE is a S&P 500 fund tracking the S&P 500 Minimum Volatility, while IBCZ.DE is a Global Equities fund tracking the MSCI World Diversified Multiple-Factor. Both are passively managed. Over the past 10 years, IBCK.DE returned 10.32%/yr vs 11.45%/yr for IBCZ.DE. Their correlation of 0.83 suggests significant overlap in exposure. IBCK.DE charges 0.20%/yr vs 0.50%/yr for IBCZ.DE.
Performance
IBCK.DE vs. IBCZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCK.DE achieves a 5.14% return, which is significantly lower than IBCZ.DE's 13.04% return. Over the past 10 years, IBCK.DE has underperformed IBCZ.DE with an annualized return of 10.32%, while IBCZ.DE has yielded a comparatively higher 11.45% annualized return.
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.84%
- YTD
- 13.04%
- 6M
- 13.70%
- 1Y
- 27.80%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
IBCK.DE vs. IBCZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 34.85% | -1.47% | 2.29% |
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -10.83% | 31.27% | 0.44% | 24.79% | -8.31% | 11.03% |
Correlation
The correlation between IBCK.DE and IBCZ.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015 | 0.83 |
The correlation between IBCK.DE and IBCZ.DE shifts across timeframes, from 0.73 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCK.DE vs. IBCZ.DE — Risk / Return Rank
IBCK.DE
IBCZ.DE
IBCK.DE vs. IBCZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) and iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.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.
| IBCK.DE | IBCZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.45 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 5.23 | -3.41 |
| Martin ratioReturn relative to average drawdown | 5.31 | 20.97 | -15.66 |
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
| IBCK.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 2.42 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.84 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.75 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.69 | +0.20 |
Drawdowns
IBCK.DE vs. IBCZ.DE - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.11%, roughly equal to the maximum IBCZ.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IBCK.DE and IBCZ.DE.
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Drawdown Indicators
| IBCK.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -33.99% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -5.29% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -19.98% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -19.98% | +2.43% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | -33.99% | +0.88% |
Current DrawdownCurrent decline from peak | -0.47% | -0.60% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -4.52% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.32% | +0.43% |
Volatility
IBCK.DE vs. IBCZ.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) is 2.26%, while iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a volatility of 3.05%. This indicates that IBCK.DE experiences smaller price fluctuations and is considered to be less risky than IBCZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCK.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 3.05% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 8.16% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 11.42% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 14.11% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 15.13% | -1.11% |
IBCK.DE vs. IBCZ.DE - Expense Ratio Comparison
IBCK.DE has a 0.20% expense ratio, which is lower than IBCZ.DE's 0.50% expense ratio.
Dividends
IBCK.DE vs. IBCZ.DE - Dividend Comparison
Neither IBCK.DE nor IBCZ.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCK.DE and IBCZ.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCK.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for IBCZ.DE.
IBCK.DE is categorized as S&P 500, while IBCZ.DE is Global Equities. IBCK.DE tracks S&P 500 Minimum Volatility, while IBCZ.DE tracks MSCI World Diversified Multiple-Factor. Their fees differ too: 0.20% for IBCK.DE and 0.50% for IBCZ.DE.
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