IBCY.DE vs. USUE.DE
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and USUE.DE (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc) are both Large Cap Blend Equities funds - IBCY.DE tracks the MSCI USA Diversified Multiple-Factor while USUE.DE tracks the MSCI USA Select Factor Mix. Both are passively managed. Over the past 5 years, IBCY.DE returned 10.27%/yr vs 11.49%/yr for USUE.DE. Their correlation of 0.88 suggests significant overlap in exposure. IBCY.DE charges 0.35%/yr vs 0.25%/yr for USUE.DE.
Performance
IBCY.DE vs. USUE.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%
USUE.DE
- 1D
- 0.29%
- 1M
- 4.17%
- YTD
- 13.01%
- 6M
- 12.87%
- 1Y
- 21.80%
- 3Y*
- 15.86%
- 5Y*
- 11.49%
- 10Y*
- —
IBCY.DE vs. USUE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | -3.99% |
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc | 13.01% | 1.00% | 25.07% | 12.96% | -8.63% | 35.62% | -1.09% |
Correlation
The correlation between IBCY.DE and USUE.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2020 | 0.88 |
Over the past year, the correlation between IBCY.DE and USUE.DE has dropped to 0.39 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
IBCY.DE vs. USUE.DE — Risk / Return Rank
IBCY.DE
USUE.DE
IBCY.DE vs. USUE.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) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.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 | USUE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.33 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 4.41 | -0.32 |
| Martin ratioReturn relative to average drawdown | 19.99 | 14.20 | +5.79 |
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 | USUE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.89 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.79 | -0.10 |
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 | 0.65 | -0.02 |
Drawdowns
IBCY.DE vs. USUE.DE - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, roughly equal to the maximum USUE.DE drawdown of -35.36%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and USUE.DE.
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Drawdown Indicators
| IBCY.DE | USUE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -35.36% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -4.86% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -20.79% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -20.79% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -5.53% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.51% | -0.84% |
Volatility
IBCY.DE vs. USUE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) has a volatility of 2.84%. This indicates that IBCY.DE experiences smaller price fluctuations and is considered to be less risky than USUE.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 | USUE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.84% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 7.98% | -7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 11.34% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 14.42% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 17.33% | -1.21% |
IBCY.DE vs. USUE.DE - Expense Ratio Comparison
IBCY.DE has a 0.35% expense ratio, which is higher than USUE.DE's 0.25% expense ratio.
Dividends
IBCY.DE vs. USUE.DE - Dividend Comparison
Neither IBCY.DE nor USUE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCY.DE and USUE.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USUE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USUE.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for IBCY.DE.
IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while USUE.DE tracks MSCI USA Select Factor Mix. They also come from different issuers: iShares and UBS. Their fees differ too: 0.35% for IBCY.DE and 0.25% for USUE.DE.
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