IBCZ.DE vs. AVHNY
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) is Global Equities fund tracking the MSCI World Diversified Multiple-Factor, while AVHNY (Ackermans & Van Haaren NV ADR) is a stock. Over the past year, IBCZ.DE returned 27.80% vs 65.59% for AVHNY. At a 0.09 correlation, their price movements are largely independent.
Performance
IBCZ.DE vs. AVHNY - Performance Comparison
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Different Trading Currencies
IBCZ.DE is traded in EUR, while AVHNY is traded in USD. To make them comparable, the AVHNY values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCZ.DE achieves a 13.04% return, which is significantly higher than AVHNY's 3.24% 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%
AVHNY
- 1D
- -0.14%
- 1M
- 2.76%
- YTD
- 3.24%
- 6M
- 2.35%
- 1Y
- 65.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCZ.DE vs. AVHNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 3.51% |
AVHNY Ackermans & Van Haaren NV ADR | 3.24% | 57.22% | 4.48% |
Correlation
The correlation between IBCZ.DE and AVHNY is 0.09, 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.09 |
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Return for Risk
IBCZ.DE vs. AVHNY — Risk / Return Rank
IBCZ.DE
AVHNY
IBCZ.DE vs. AVHNY - 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 Ackermans & Van Haaren NV ADR (AVHNY). 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 | AVHNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | -10.67 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 2.70 | -1.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 10.32 | -5.08 |
| Martin ratioReturn relative to average drawdown | 20.97 | 20.81 | +0.16 |
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 | AVHNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 1.01 | +1.41 |
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 | 0.90 | -0.21 |
Drawdowns
IBCZ.DE vs. AVHNY - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than AVHNY's maximum drawdown of -9.45%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and AVHNY.
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Drawdown Indicators
| IBCZ.DE | AVHNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -9.45% | -24.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -6.49% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | — | — |
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% | -0.14% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -4.06% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 3.19% | -1.87% |
Volatility
IBCZ.DE vs. AVHNY - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a higher volatility of 3.05% compared to Ackermans & Van Haaren NV ADR (AVHNY) at 2.35%. This indicates that IBCZ.DE's price experiences larger fluctuations and is considered to be riskier than AVHNY 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 | AVHNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.35% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 50.49% | -42.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 66.15% | -54.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 59.50% | -45.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 59.50% | -44.37% |
Dividends
IBCZ.DE vs. AVHNY - Dividend Comparison
IBCZ.DE has not paid dividends to shareholders, while AVHNY's dividend yield for the trailing twelve months is around 3.68%.
| Position | TTM | 2025 |
|---|---|---|
AVHNY Ackermans & Van Haaren NV ADR | 3.68% | 1.64% |
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 0.00% | 0.00% |
Frequently Asked Questions
IBCZ.DE and AVHNY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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