IBCY.DE vs. XZMD.DE
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and XZMD.DE (Xtrackers MSCI USA ESG UCITS ETF 1D) are both Large Cap Blend Equities funds - IBCY.DE tracks the MSCI USA Diversified Multiple-Factor while XZMD.DE tracks the Russell 1000 TR USD. Both are passively managed. Over the past 3 years, IBCY.DE returned 13.97%/yr vs 18.73%/yr for XZMD.DE. Their correlation of 0.84 suggests significant overlap in exposure. IBCY.DE charges 0.35%/yr vs 0.15%/yr for XZMD.DE.
Performance
IBCY.DE vs. XZMD.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%
XZMD.DE
- 1D
- 0.72%
- 1M
- 5.36%
- YTD
- 8.27%
- 6M
- 9.20%
- 1Y
- 23.50%
- 3Y*
- 18.73%
- 5Y*
- —
- 10Y*
- —
IBCY.DE vs. XZMD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -8.66% |
XZMD.DE Xtrackers MSCI USA ESG UCITS ETF 1D | 8.27% | 5.05% | 32.63% | 26.55% | -9.55% |
Correlation
The correlation between IBCY.DE and XZMD.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.84 |
Over the past year, the correlation between IBCY.DE and XZMD.DE has dropped to 0.49 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
IBCY.DE vs. XZMD.DE — Risk / Return Rank
IBCY.DE
XZMD.DE
IBCY.DE vs. XZMD.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 Xtrackers MSCI USA ESG UCITS ETF 1D (XZMD.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 | XZMD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.33 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 2.18 | +1.90 |
| Martin ratioReturn relative to average drawdown | 19.99 | 7.70 | +12.28 |
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 | XZMD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.84 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
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 | 0.88 | -0.24 |
Drawdowns
IBCY.DE vs. XZMD.DE - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, which is greater than XZMD.DE's maximum drawdown of -24.74%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and XZMD.DE.
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Drawdown Indicators
| IBCY.DE | XZMD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -24.74% | -10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -10.73% | +7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -24.74% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -5.23% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.04% | -2.37% |
Volatility
IBCY.DE vs. XZMD.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while Xtrackers MSCI USA ESG UCITS ETF 1D (XZMD.DE) has a volatility of 3.09%. This indicates that IBCY.DE experiences smaller price fluctuations and is considered to be less risky than XZMD.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 | XZMD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.09% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 8.68% | -8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 12.69% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 16.03% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 16.03% | +0.09% |
IBCY.DE vs. XZMD.DE - Expense Ratio Comparison
IBCY.DE has a 0.35% expense ratio, which is higher than XZMD.DE's 0.15% expense ratio.
Dividends
IBCY.DE vs. XZMD.DE - Dividend Comparison
IBCY.DE has not paid dividends to shareholders, while XZMD.DE's dividend yield for the trailing twelve months is around 0.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZMD.DE Xtrackers MSCI USA ESG UCITS ETF 1D | 0.68% | 0.81% | 0.91% | 0.97% | 0.58% |
Frequently Asked Questions
IBCY.DE and XZMD.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZMD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZMD.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for IBCY.DE.
IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while XZMD.DE tracks Russell 1000 TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.35% for IBCY.DE and 0.15% for XZMD.DE.
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