IBCY.DE vs. NQSE.DE
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IBCY.DE is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multiple-Factor, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IBCY.DE returned 10.27%/yr vs 14.91%/yr for NQSE.DE. A 0.68 correlation means they provide meaningful diversification when combined. IBCY.DE charges 0.35%/yr vs 0.33%/yr for NQSE.DE.
Performance
IBCY.DE vs. NQSE.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
- 13.35%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
IBCY.DE vs. NQSE.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% | -14.39% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -36.29% | 27.37% | 45.23% | 35.67% | -15.98% |
Correlation
The correlation between IBCY.DE and NQSE.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.68 |
Over the past year, the correlation between IBCY.DE and NQSE.DE has dropped to 0.38 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
IBCY.DE vs. NQSE.DE — Risk / Return Rank
IBCY.DE
NQSE.DE
IBCY.DE vs. NQSE.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 iShares NASDAQ 100 UCITS ETF (NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.39 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.08 | +1.00 |
| Martin ratioReturn relative to average drawdown | 19.99 | 10.77 | +9.22 |
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 | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.28 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.71 | -0.02 |
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 | 0.82 | -0.18 |
Drawdowns
IBCY.DE vs. NQSE.DE - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and NQSE.DE.
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Drawdown Indicators
| IBCY.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -37.67% | +2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -11.87% | +8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -22.40% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -37.67% | +14.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.84% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -8.56% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.40% | -2.73% |
Volatility
IBCY.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that IBCY.DE experiences smaller price fluctuations and is considered to be less risky than NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.75% | -4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 11.99% | -11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 16.05% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 20.91% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 21.54% | -5.42% |
IBCY.DE vs. NQSE.DE - Expense Ratio Comparison
IBCY.DE has a 0.35% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
IBCY.DE vs. NQSE.DE - Dividend Comparison
Neither IBCY.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCY.DE and NQSE.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.35% for IBCY.DE.
IBCY.DE is categorized as Large Cap Blend Equities, while NQSE.DE is Nasdaq-100. IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.35% for IBCY.DE and 0.33% for NQSE.DE.
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