IBCZ.DE vs. IWQU.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) and iShares MSCI World Quality Factor UCITS (IWQU.L).

IBCZ.DE and IWQU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBCZ.DE is a passively managed fund by iShares that tracks the performance of the MSCI World Diversified Multiple-Factor. It was launched on Sep 4, 2015. IWQU.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 3, 2014. Both IBCZ.DE and IWQU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBCZ.DE vs. IWQU.L - 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 Quality Factor UCITS (IWQU.L). The values are adjusted to include any dividend payments, if applicable.

IBCZ.DE vs. IWQU.L - 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)	-0.63%	12.05%	24.09%	11.45%	-10.83%	31.27%	0.44%	24.79%	-8.31%	11.03%
IWQU.L iShares MSCI World Quality Factor UCITS	0.22%	1.60%	25.13%	21.90%	-14.26%	32.96%	5.48%	32.57%	-3.19%	8.38%

Different Trading Currencies

IBCZ.DE is traded in EUR, while IWQU.L is traded in USD. To make them comparable, the IWQU.L 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 -0.63% return, which is significantly lower than IWQU.L's 0.22% return. Over the past 10 years, IBCZ.DE has underperformed IWQU.L with an annualized return of 10.25%, while IWQU.L has yielded a comparatively higher 11.35% annualized return.

IBCZ.DE

• 1D: 2.06%
• 1M: -2.39%
• YTD: -0.63%
• 6M: 3.30%
• 1Y: 14.64%
• 3Y*: 14.35%
• 5Y*: 9.60%
• 10Y*: 10.25%

IWQU.L

• 1D: 2.50%
• 1M: -3.52%
• YTD: 0.22%
• 6M: 3.59%
• 1Y: 8.48%
• 3Y*: 13.58%
• 5Y*: 10.07%
• 10Y*: 11.35%

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

IBCZ.DE vs. IWQU.L - Expense Ratio Comparison

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

IBCZ.DE

iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)

IWQU.L

iShares MSCI World Quality Factor UCITS

Return for Risk

IBCZ.DE vs. IWQU.L — 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: 57
IBCZ.DE Sharpe Ratio Rank: 48
IBCZ.DE Sortino Ratio Rank: 45
IBCZ.DE Omega Ratio Rank: 49
IBCZ.DE Calmar Ratio Rank: 67
IBCZ.DE Martin Ratio Rank: 75

IWQU.L

IWQU.L Risk / Return Rank: 64
IWQU.L Sharpe Ratio Rank: 61
IWQU.L Sortino Ratio Rank: 61
IWQU.L Omega Ratio Rank: 59
IWQU.L Calmar Ratio Rank: 70
IWQU.L Martin Ratio Rank: 69

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. IWQU.L - 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 Quality Factor UCITS (IWQU.L). 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	IWQU.L	Difference
Sharpe ratio Return per unit of total volatility	0.92	0.56	+0.36
Sortino ratio Return per unit of downside risk	1.32	0.84	+0.47
Omega ratio Gain probability vs. loss probability	1.20	1.12	+0.07
Calmar ratio Return relative to maximum drawdown	1.84	1.12	+0.72
Martin ratio Return relative to average drawdown	8.66	4.15	+4.50
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. IWQU.L - Sharpe Ratio Comparison

The current IBCZ.DE Sharpe Ratio is 0.92, which is higher than the IWQU.L Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of IBCZ.DE and IWQU.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBCZ.DE	IWQU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	0.56	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.68	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.73	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.77	-0.16

Correlation

The correlation between IBCZ.DE and IWQU.L is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IBCZ.DE vs. IWQU.L - Dividend Comparison

Neither IBCZ.DE nor IWQU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IBCZ.DE vs. IWQU.L - Drawdown Comparison

The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than IWQU.L's maximum drawdown of -32.36%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and IWQU.L.

Drawdown Indicators

	IBCZ.DE	IWQU.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-33.05%	-0.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-10.97%	-1.51%
Max Drawdown (5Y) Largest decline over 5 years	-19.98%	-27.70%	+7.72%
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	-33.05%	-0.94%
Current Drawdown Current decline from peak	-2.56%	-5.68%	+3.12%
Average Drawdown Average peak-to-trough decline	-4.59%	-4.75%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.18%	-0.47%

Volatility

IBCZ.DE vs. IWQU.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) is 4.55%, while iShares MSCI World Quality Factor UCITS (IWQU.L) has a volatility of 5.14%. This indicates that IBCZ.DE experiences smaller price fluctuations and is considered to be less risky than IWQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBCZ.DE	IWQU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	5.14%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	8.32%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	15.05%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	14.75%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	15.91%	-0.74%