IBCZ.DE vs. EUNA.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IBCZ.DE is a Global Equities fund tracking the MSCI World Diversified Multiple-Factor, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, IBCZ.DE returned 12.00%/yr vs -1.29%/yr for EUNA.DE. At a correlation of -0.00, they often move in opposite directions. IBCZ.DE charges 0.50%/yr vs 0.10%/yr for EUNA.DE.
Performance
IBCZ.DE vs. EUNA.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 EUNA.DE's -0.46% 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%
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IBCZ.DE vs. EUNA.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% | 0.12% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
Correlation
The correlation between IBCZ.DE and EUNA.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | -0.00 |
The correlation between IBCZ.DE and EUNA.DE shifts across timeframes, from -0.00 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBCZ.DE vs. EUNA.DE — Risk / Return Rank
IBCZ.DE
EUNA.DE
IBCZ.DE vs. EUNA.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 Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.06 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 0.43 | +4.81 |
| Martin ratioReturn relative to average drawdown | 20.97 | 1.18 | +19.78 |
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 | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 0.34 | +2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | -0.28 | +1.12 |
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 | -0.05 | +0.74 |
Drawdowns
IBCZ.DE vs. EUNA.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and EUNA.DE.
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Drawdown Indicators
| IBCZ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -17.79% | -16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -2.75% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -4.02% | -15.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -17.03% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -8.66% | +8.06% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -6.76% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.99% | +0.33% |
Volatility
IBCZ.DE vs. EUNA.DE - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a higher volatility of 3.05% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IBCZ.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.35% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 2.82% | +5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 3.46% | +7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 4.64% | +9.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 4.27% | +10.86% |
IBCZ.DE vs. EUNA.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
IBCZ.DE vs. EUNA.DE - Dividend Comparison
Neither IBCZ.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and EUNA.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE is categorized as Global Equities, while EUNA.DE is Global Bonds. IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.50% for IBCZ.DE and 0.10% for EUNA.DE.
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