IBCY.DE vs. UBUR.DE

Last updated Jun 5, 2026

IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and UBUR.DE (UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds - IBCY.DE tracks the MSCI USA Diversified Multiple-Factor while UBUR.DE tracks the MSCI USA Select Dynamic 50% Risk Weighted. Both are passively managed. Over the past 5 years, IBCY.DE returned 10.27%/yr vs 6.64%/yr for UBUR.DE. At a 0.41 correlation, their price movements are largely independent. IBCY.DE charges 0.35%/yr vs 0.18%/yr for UBUR.DE.

Performance

IBCY.DE vs. UBUR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) and UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UBUR.DE). The values are adjusted to include any dividend payments, if applicable.

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%

UBUR.DE

• 1D: -0.14%
• 1M: -0.81%
• YTD: 0.53%
• 6M: 0.76%
• 1Y: -1.69%
• 3Y*: 5.82%
• 5Y*: 6.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBCY.DE vs. UBUR.DE - 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%	7.51%
UBUR.DE UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis	0.53%	-5.64%	20.63%	2.15%	-0.28%	33.09%	-5.58%	30.74%	1.50%	3.98%

Correlation

The correlation between IBCY.DE and UBUR.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 24, 2017	0.41

The correlation between IBCY.DE and UBUR.DE shifts across timeframes, from -0.06 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IBCY.DE vs. UBUR.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBCY.DE

IBCY.DE Risk / Return Rank: 72
IBCY.DE Sharpe Ratio Rank: 50
IBCY.DE Sortino Ratio Rank: 50
IBCY.DE Omega Ratio Rank: 90
IBCY.DE Calmar Ratio Rank: 80
IBCY.DE Martin Ratio Rank: 89

UBUR.DE

UBUR.DE Risk / Return Rank: 7
UBUR.DE Sharpe Ratio Rank: 7
UBUR.DE Sortino Ratio Rank: 7
UBUR.DE Omega Ratio Rank: 7
UBUR.DE Calmar Ratio Rank: 6
UBUR.DE Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBCY.DE vs. UBUR.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 UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UBUR.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	UBUR.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.70	-0.20	+1.91
Sortino ratio: Return per unit of downside risk	2.42	-0.21	+2.63
Omega ratio: Gain probability vs. loss probability	1.56	0.98	+0.59
Calmar ratio: Return relative to maximum drawdown	4.08	-0.28	+4.37
Martin ratio: Return relative to average drawdown	19.99	-0.64	+20.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBCY.DE vs. UBUR.DE - Sharpe Ratio Comparison

The current IBCY.DE Sharpe Ratio is 1.70, which is higher than the UBUR.DE Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of IBCY.DE and UBUR.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBCY.DE	UBUR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	-0.20	+1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.70	-0.01
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	0.81	-0.17

Drawdowns

IBCY.DE vs. UBUR.DE - Drawdown Comparison

The maximum IBCY.DE drawdown since its inception was -35.54%, roughly equal to the maximum UBUR.DE drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and UBUR.DE.

Drawdown Indicators

	IBCY.DE	UBUR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.54%	-35.34%	-0.20%
Max Drawdown (1Y) Largest decline over 1 year	-3.26%	-7.81%	+4.55%
Max Drawdown (3Y) Largest decline over 3 years	-22.91%	-14.40%	-8.51%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-14.40%	-8.51%
Max Drawdown (10Y) Largest decline over 10 years	-35.54%	—	—
Current Drawdown Current decline from peak	0.00%	-11.30%	+11.30%
Average Drawdown Average peak-to-trough decline	-4.95%	-7.34%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	9.86%	-9.19%

Volatility

IBCY.DE vs. UBUR.DE - Volatility Comparison

The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UBUR.DE) has a volatility of 3.22%. This indicates that IBCY.DE experiences smaller price fluctuations and is considered to be less risky than UBUR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBCY.DE	UBUR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.22%	-3.22%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	7.37%	-7.37%
Volatility (1Y) Calculated over the trailing 1-year period	7.99%	10.99%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	15.76%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	19.45%	-3.33%

IBCY.DE vs. UBUR.DE - Expense Ratio Comparison

IBCY.DE has a 0.35% expense ratio, which is higher than UBUR.DE's 0.18% expense ratio.

Dividends

IBCY.DE vs. UBUR.DE - Dividend Comparison

IBCY.DE has not paid dividends to shareholders, while UBUR.DE's dividend yield for the trailing twelve months is around 1.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
UBUR.DE UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis	1.60%	1.87%	1.44%	1.39%	1.28%	0.93%	1.62%	1.40%	1.37%	0.68%

Frequently Asked Questions

Can I hold both IBCY.DE and UBUR.DE in my portfolio?

IBCY.DE and UBUR.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBCY.DE or UBUR.DE?

On fees, UBUR.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBCY.DE or UBUR.DE?

UBUR.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for IBCY.DE.

What is the main difference between IBCY.DE and UBUR.DE?

IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while UBUR.DE tracks MSCI USA Select Dynamic 50% Risk Weighted. They also come from different issuers: iShares and UBS. Their fees differ too: 0.35% for IBCY.DE and 0.18% for UBUR.DE.