IBCY.DE vs. 5HEE.DE
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and 5HEE.DE (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR)) are both Large Cap Blend Equities funds - IBCY.DE tracks the MSCI USA Diversified Multiple-Factor while 5HEE.DE tracks the Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. Both are passively managed. Over the past 5 years, IBCY.DE returned 10.27%/yr vs 3.33%/yr for 5HEE.DE. Their correlation of 0.82 suggests significant overlap in exposure. IBCY.DE charges 0.35%/yr vs 0.75%/yr for 5HEE.DE.
Performance
IBCY.DE vs. 5HEE.DE - Performance Comparison
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Returns By Period
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.22%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
5HEE.DE
- 1D
- 1.23%
- 1M
- -1.11%
- YTD
- -0.31%
- 6M
- 0.59%
- 1Y
- 4.21%
- 3Y*
- 1.44%
- 5Y*
- 3.33%
- 10Y*
- —
IBCY.DE vs. 5HEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 28.63% | -10.72% |
5HEE.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) | -0.31% | -7.39% | 10.30% | 11.99% | -11.48% | 32.30% | 12.99% | 34.06% | -3.75% |
Correlation
The correlation between IBCY.DE and 5HEE.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 31, 2018 | 0.82 |
Over the past year, the correlation between IBCY.DE and 5HEE.DE has dropped to 0.25 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
IBCY.DE vs. 5HEE.DE — Risk / Return Rank
IBCY.DE
5HEE.DE
IBCY.DE vs. 5HEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) (5HEE.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.
| IBCY.DE | 5HEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.06 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 0.51 | +3.58 |
| Martin ratioReturn relative to average drawdown | 19.99 | 1.26 | +18.73 |
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
| IBCY.DE | 5HEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 0.32 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.22 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.51 | +0.12 |
Drawdowns
IBCY.DE vs. 5HEE.DE - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, which is greater than 5HEE.DE's maximum drawdown of -32.56%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and 5HEE.DE.
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Drawdown Indicators
| IBCY.DE | 5HEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -32.56% | -2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -6.95% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -22.48% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -22.48% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.85% | +11.85% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -6.34% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.80% | -2.13% |
Volatility
IBCY.DE vs. 5HEE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF (EUR) (5HEE.DE) has a volatility of 3.31%. This indicates that IBCY.DE experiences smaller price fluctuations and is considered to be less risky than 5HEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCY.DE | 5HEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.31% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 7.54% | -7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 10.94% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 14.91% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 16.90% | -0.78% |
IBCY.DE vs. 5HEE.DE - Expense Ratio Comparison
IBCY.DE has a 0.35% expense ratio, which is lower than 5HEE.DE's 0.75% expense ratio.
Dividends
IBCY.DE vs. 5HEE.DE - Dividend Comparison
Neither IBCY.DE nor 5HEE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCY.DE and 5HEE.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCY.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCY.DE is cheaper with a 0.35% expense ratio, compared with 0.75% for 5HEE.DE.
IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while 5HEE.DE tracks Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. They also come from different issuers: iShares and Natixis. Their fees differ too: 0.35% for IBCY.DE and 0.75% for 5HEE.DE.
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