IBCZ.DE vs. ACLT.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and ACLT.DE (AXA IM ACT Climate Equity UCITS ETF USD Acc) are both Global Equities funds - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while ACLT.DE tracks the AXA IM ACT Climate Equity. Both are passively managed. Over the past 3 years, IBCZ.DE returned 18.64%/yr vs 16.81%/yr for ACLT.DE. Their correlation of 0.86 suggests significant overlap in exposure. IBCZ.DE charges 0.50%/yr vs 0.70%/yr for ACLT.DE.
Performance
IBCZ.DE vs. ACLT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCZ.DE achieves a 13.04% return, which is significantly lower than ACLT.DE's 18.77% return.
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.84%
- YTD
- 13.04%
- 6M
- 13.70%
- 1Y
- 27.80%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
ACLT.DE
- 1D
- 0.00%
- 1M
- 8.08%
- YTD
- 18.77%
- 6M
- 19.73%
- 1Y
- 31.52%
- 3Y*
- 16.81%
- 5Y*
- —
- 10Y*
- —
IBCZ.DE vs. ACLT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | 1.05% |
ACLT.DE AXA IM ACT Climate Equity UCITS ETF USD Acc | 18.77% | 8.42% | 19.92% | 14.36% | 10.19% |
Correlation
The correlation between IBCZ.DE and ACLT.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.86 |
The correlation between IBCZ.DE and ACLT.DE has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
IBCZ.DE vs. ACLT.DE — Risk / Return Rank
IBCZ.DE
ACLT.DE
IBCZ.DE vs. ACLT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) and AXA IM ACT Climate Equity UCITS ETF USD Acc (ACLT.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.
| IBCZ.DE | ACLT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 2.88 | +2.36 |
| Martin ratioReturn relative to average drawdown | 20.97 | 10.96 | +10.00 |
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
| IBCZ.DE | ACLT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 1.80 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.18 | -0.49 |
Drawdowns
IBCZ.DE vs. ACLT.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than ACLT.DE's maximum drawdown of -20.54%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and ACLT.DE.
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Drawdown Indicators
| IBCZ.DE | ACLT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -20.54% | -13.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -11.07% | +5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -20.54% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | 0.00% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.17% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 2.91% | -1.59% |
Volatility
IBCZ.DE vs. ACLT.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) is 3.05%, while AXA IM ACT Climate Equity UCITS ETF USD Acc (ACLT.DE) has a volatility of 4.52%. This indicates that IBCZ.DE experiences smaller price fluctuations and is considered to be less risky than ACLT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCZ.DE | ACLT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.52% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 15.32% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 17.73% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 16.77% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 16.77% | -1.64% |
IBCZ.DE vs. ACLT.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is lower than ACLT.DE's 0.70% expense ratio.
Dividends
IBCZ.DE vs. ACLT.DE - Dividend Comparison
Neither IBCZ.DE nor ACLT.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and ACLT.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCZ.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCZ.DE is cheaper with a 0.50% expense ratio, compared with 0.70% for ACLT.DE.
IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while ACLT.DE tracks AXA IM ACT Climate Equity. They also come from different issuers: iShares and AXA IM. Their fees differ too: 0.50% for IBCZ.DE and 0.70% for ACLT.DE.
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