IBCY.DE vs. SPMO
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - IBCY.DE is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multiple-Factor, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, IBCY.DE returned 11.22%/yr vs 19.91%/yr for SPMO. At a 0.48 correlation, their price movements are largely independent. IBCY.DE charges 0.35%/yr vs 0.13%/yr for SPMO.
Performance
IBCY.DE vs. SPMO - Performance Comparison
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Different Trading Currencies
IBCY.DE is traded in EUR, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to EUR using the latest available exchange rates.
Returns By Period
Over the past 10 years, IBCY.DE has underperformed SPMO with an annualized return of 11.22%, while SPMO has yielded a comparatively higher 19.91% annualized return.
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%
SPMO
- 1D
- -4.84%
- 1M
- 3.91%
- YTD
- 23.64%
- 6M
- 21.28%
- 1Y
- 36.72%
- 3Y*
- 36.20%
- 5Y*
- 23.84%
- 10Y*
- 19.91%
IBCY.DE vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -6.73% | 6.21% |
SPMO Invesco S&P 500 Momentum ETF | 23.64% | 11.56% | 55.44% | 14.03% | -4.90% | 31.82% | 17.68% | 28.77% | 3.73% | 12.06% |
Correlation
The correlation between IBCY.DE and SPMO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015 | 0.48 |
The correlation between IBCY.DE and SPMO shifts across timeframes, from 0.29 (1 year) to 0.48 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCY.DE vs. SPMO — Risk / Return Rank
IBCY.DE
SPMO
IBCY.DE vs. SPMO - 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 Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.36 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.17 | +0.91 |
| Martin ratioReturn relative to average drawdown | 19.99 | 10.29 | +9.70 |
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 | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.01 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.22 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.95 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.93 | -0.29 |
Drawdowns
IBCY.DE vs. SPMO - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, which is greater than SPMO's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and SPMO.
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Drawdown Indicators
| IBCY.DE | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -32.02% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -11.63% | +8.37% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -25.02% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -25.02% | +2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -32.02% | -3.52% |
Current DrawdownCurrent decline from peak | 0.00% | -6.34% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -4.51% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.58% | -2.91% |
Volatility
IBCY.DE vs. SPMO - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 8.49%. This indicates that IBCY.DE experiences smaller price fluctuations and is considered to be less risky than SPMO 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 | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 8.49% | -8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 14.63% | -14.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 18.41% | -10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 19.60% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 20.94% | -4.82% |
IBCY.DE vs. SPMO - Expense Ratio Comparison
IBCY.DE has a 0.35% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Dividends
IBCY.DE vs. SPMO - Dividend Comparison
IBCY.DE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.70% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
IBCY.DE and SPMO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.35% for IBCY.DE.
IBCY.DE is categorized as Large Cap Blend Equities, while SPMO is Momentum. IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for IBCY.DE and 0.13% for SPMO.
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