IBCZ.DE vs. CBUI.DE

Last updated Jun 5, 2026

IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and CBUI.DE (iShares MSCI World Value Factor ESG UCITS ETF USD Acc) are both Global Equities funds from iShares - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while CBUI.DE tracks the MSCI World Value ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, IBCZ.DE returned 18.64%/yr vs 21.76%/yr for CBUI.DE. Their correlation of 0.89 suggests significant overlap in exposure. IBCZ.DE charges 0.50%/yr vs 0.30%/yr for CBUI.DE.

Performance

IBCZ.DE vs. CBUI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) and iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBCZ.DE achieves a 13.04% return, which is significantly lower than CBUI.DE's 20.05% 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%

CBUI.DE

• 1D: 0.22%
• 1M: 8.37%
• YTD: 20.05%
• 6M: 22.81%
• 1Y: 44.12%
• 3Y*: 21.76%
• 5Y*: —
• 10Y*: —

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

IBCZ.DE vs. CBUI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)	13.04%	12.05%	24.09%	11.45%	-10.83%	6.15%
CBUI.DE iShares MSCI World Value Factor ESG UCITS ETF USD Acc	20.05%	20.98%	13.82%	15.94%	-6.30%	6.27%

Correlation

The correlation between IBCZ.DE and CBUI.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021	0.89

The correlation between IBCZ.DE and CBUI.DE shifts across timeframes, from 0.79 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IBCZ.DE vs. CBUI.DE — Risk / Return Rank

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

IBCZ.DE

IBCZ.DE Risk / Return Rank: 82
IBCZ.DE Sharpe Ratio Rank: 76
IBCZ.DE Sortino Ratio Rank: 77
IBCZ.DE Omega Ratio Rank: 77
IBCZ.DE Calmar Ratio Rank: 89
IBCZ.DE Martin Ratio Rank: 90

CBUI.DE

CBUI.DE Risk / Return Rank: 93
CBUI.DE Sharpe Ratio Rank: 93
CBUI.DE Sortino Ratio Rank: 94
CBUI.DE Omega Ratio Rank: 92
CBUI.DE Calmar Ratio Rank: 94
CBUI.DE Martin Ratio Rank: 94

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.

IBCZ.DE vs. CBUI.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 iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.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	CBUI.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.42	3.41	-0.99
Sortino ratio: Return per unit of downside risk	3.41	4.73	-1.33
Omega ratio: Gain probability vs. loss probability	1.45	1.60	-0.15
Calmar ratio: Return relative to maximum drawdown	5.23	6.92	-1.69
Martin ratio: Return relative to average drawdown	20.97	26.41	-5.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBCZ.DE vs. CBUI.DE - Sharpe Ratio Comparison

The current IBCZ.DE Sharpe Ratio is 2.42, which is comparable to the CBUI.DE Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of IBCZ.DE and CBUI.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

	IBCZ.DE	CBUI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	3.41	-0.99
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	1.05	-0.37

Drawdowns

IBCZ.DE vs. CBUI.DE - Drawdown Comparison

The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than CBUI.DE's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and CBUI.DE.

Drawdown Indicators

	IBCZ.DE	CBUI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-19.48%	-14.51%
Max Drawdown (1Y) Largest decline over 1 year	-5.29%	-6.34%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	-19.98%	-19.48%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-19.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	—	—
Current Drawdown Current decline from peak	-0.60%	-0.22%	-0.38%
Average Drawdown Average peak-to-trough decline	-4.52%	-3.23%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	1.67%	-0.35%

Volatility

IBCZ.DE vs. CBUI.DE - Volatility Comparison

The current volatility for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) is 3.05%, while iShares MSCI World Value Factor ESG UCITS ETF USD Acc (CBUI.DE) has a volatility of 3.73%. This indicates that IBCZ.DE experiences smaller price fluctuations and is considered to be less risky than CBUI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBCZ.DE	CBUI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	3.73%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	8.16%	9.76%	-1.60%
Volatility (1Y) Calculated over the trailing 1-year period	11.42%	12.88%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	14.21%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	14.21%	+0.92%

IBCZ.DE vs. CBUI.DE - Expense Ratio Comparison

IBCZ.DE has a 0.50% expense ratio, which is higher than CBUI.DE's 0.30% expense ratio.

Dividends

IBCZ.DE vs. CBUI.DE - Dividend Comparison

Neither IBCZ.DE nor CBUI.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IBCZ.DE and CBUI.DE in my portfolio?

IBCZ.DE and CBUI.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBCZ.DE or CBUI.DE?

On fees, CBUI.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBCZ.DE or CBUI.DE?

CBUI.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for IBCZ.DE.

What is the main difference between IBCZ.DE and CBUI.DE?

IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while CBUI.DE tracks MSCI World Value ESG Reduced Carbon Target Select. Their fees differ too: 0.50% for IBCZ.DE and 0.30% for CBUI.DE.