IBCZ.DE vs. IQQ0.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 10 years, IBCZ.DE returned 11.45%/yr vs 6.81%/yr for IQQ0.DE. A 0.76 correlation means they provide meaningful diversification when combined. IBCZ.DE charges 0.50%/yr vs 0.30%/yr for IQQ0.DE.
Performance
IBCZ.DE vs. IQQ0.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCZ.DE achieves a 13.04% return, which is significantly higher than IQQ0.DE's 1.59% return. Over the past 10 years, IBCZ.DE has outperformed IQQ0.DE with an annualized return of 11.45%, while IQQ0.DE has yielded a comparatively lower 6.81% 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%
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.50%
- YTD
- 1.59%
- 6M
- 1.72%
- 1Y
- -0.28%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
IBCZ.DE vs. IQQ0.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% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 26.17% | 2.03% | 3.11% |
Correlation
The correlation between IBCZ.DE and IQQ0.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015 | 0.76 |
Over the past year, the correlation between IBCZ.DE and IQQ0.DE has dropped to 0.38 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCZ.DE vs. IQQ0.DE — Risk / Return Rank
IBCZ.DE
IQQ0.DE
IBCZ.DE vs. IQQ0.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 Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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 | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.00 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | -0.05 | +5.29 |
| Martin ratioReturn relative to average drawdown | 20.97 | -0.12 | +21.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCZ.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | -0.04 | +2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.60 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.58 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.76 | -0.08 |
Drawdowns
IBCZ.DE vs. IQQ0.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than IQQ0.DE's maximum drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and IQQ0.DE.
Loading charts...
Drawdown Indicators
| IBCZ.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -28.65% | -5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -5.22% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -12.82% | -7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -12.82% | -7.16% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -28.65% | -5.34% |
Current DrawdownCurrent decline from peak | -0.60% | -6.65% | +6.05% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -4.54% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 2.44% | -1.12% |
Volatility
IBCZ.DE vs. IQQ0.DE - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a higher volatility of 3.05% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that IBCZ.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBCZ.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.53% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 5.36% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 7.78% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 10.08% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 11.62% | +3.51% |
IBCZ.DE vs. IQQ0.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than IQQ0.DE's 0.30% expense ratio.
Dividends
IBCZ.DE vs. IQQ0.DE - Dividend Comparison
Neither IBCZ.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and IQQ0.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQ0.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ0.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while IQQ0.DE tracks MSCI World Minimum Volatility. Their fees differ too: 0.50% for IBCZ.DE and 0.30% for IQQ0.DE.
Find the right allocation for IBCZ.DE and IQQ0.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer