IBCZ.DE vs. DBXW.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and DBXW.DE (Xtrackers MSCI World Swap UCITS ETF 1C) are both Global Equities funds - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while DBXW.DE tracks the MSCI World. Both are passively managed. Over the past 10 years, IBCZ.DE returned 11.45%/yr vs 12.75%/yr for DBXW.DE. With a 0.95 correlation, they move nearly in lockstep. IBCZ.DE charges 0.50%/yr vs 0.45%/yr for DBXW.DE.
Performance
IBCZ.DE vs. DBXW.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 higher than DBXW.DE's 10.90% return. Over the past 10 years, IBCZ.DE has underperformed DBXW.DE with an annualized return of 11.45%, while DBXW.DE has yielded a comparatively higher 12.75% annualized 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%
DBXW.DE
- 1D
- -0.01%
- 1M
- 4.86%
- YTD
- 10.90%
- 6M
- 11.35%
- 1Y
- 23.71%
- 3Y*
- 17.46%
- 5Y*
- 12.79%
- 10Y*
- 12.75%
IBCZ.DE vs. DBXW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -10.83% | 31.27% | 0.44% | 24.79% | -8.31% | 11.03% |
DBXW.DE Xtrackers MSCI World Swap UCITS ETF 1C | 10.90% | 7.77% | 25.74% | 20.10% | -13.86% | 32.72% | 5.42% | 31.34% | -4.85% | 7.73% |
Correlation
The correlation between IBCZ.DE and DBXW.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015 | 0.95 |
The correlation between IBCZ.DE and DBXW.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
IBCZ.DE vs. DBXW.DE — Risk / Return Rank
IBCZ.DE
DBXW.DE
IBCZ.DE vs. DBXW.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 Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.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 | DBXW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.40 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 3.58 | +1.65 |
| Martin ratioReturn relative to average drawdown | 20.97 | 14.33 | +6.64 |
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 | DBXW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.13 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.84 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.82 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.49 | +0.19 |
Drawdowns
IBCZ.DE vs. DBXW.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, smaller than the maximum DBXW.DE drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and DBXW.DE.
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Drawdown Indicators
| IBCZ.DE | DBXW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -53.36% | +19.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -6.59% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -21.66% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -21.66% | +1.68% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -33.81% | -0.18% |
Current DrawdownCurrent decline from peak | -0.60% | -0.32% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -9.48% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.65% | -0.33% |
Volatility
IBCZ.DE vs. DBXW.DE - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a higher volatility of 3.05% compared to Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE) at 2.60%. This indicates that IBCZ.DE's price experiences larger fluctuations and is considered to be riskier than DBXW.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 | DBXW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.60% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 7.73% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 11.09% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 15.02% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 15.54% | -0.41% |
IBCZ.DE vs. DBXW.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than DBXW.DE's 0.45% expense ratio.
Dividends
IBCZ.DE vs. DBXW.DE - Dividend Comparison
Neither IBCZ.DE nor DBXW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IBCZ.DE and DBXW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DBXW.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXW.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while DBXW.DE tracks MSCI World. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for IBCZ.DE and 0.45% for DBXW.DE.
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