IBCZ.DE vs. MVEW.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds from iShares - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IBCZ.DE returned 12.00%/yr vs 6.47%/yr for MVEW.DE. A 0.75 correlation means they provide meaningful diversification when combined. IBCZ.DE charges 0.50%/yr vs 0.30%/yr for MVEW.DE.
Performance
IBCZ.DE vs. MVEW.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 MVEW.DE's 1.17% 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%
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
IBCZ.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -10.83% | 31.27% | 17.39% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between IBCZ.DE and MVEW.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.75 |
Over the past year, the correlation between IBCZ.DE and MVEW.DE has dropped to 0.46 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
IBCZ.DE vs. MVEW.DE — Risk / Return Rank
IBCZ.DE
MVEW.DE
IBCZ.DE vs. MVEW.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 ESG UCITS ETF (Acc) (MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.02 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 0.10 | +5.13 |
| Martin ratioReturn relative to average drawdown | 20.97 | 0.20 | +20.76 |
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 | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 0.06 | +2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.62 | +0.22 |
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 | 0.63 | +0.05 |
Drawdowns
IBCZ.DE vs. MVEW.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and MVEW.DE.
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Drawdown Indicators
| IBCZ.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -13.19% | -20.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -4.68% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -13.19% | -6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -13.19% | -6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -5.75% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.83% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 2.27% | -0.95% |
Volatility
IBCZ.DE vs. MVEW.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 ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that IBCZ.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.58% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 5.42% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 7.97% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 10.25% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 10.82% | +4.31% |
IBCZ.DE vs. MVEW.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than MVEW.DE's 0.30% expense ratio.
Dividends
IBCZ.DE vs. MVEW.DE - Dividend Comparison
Neither IBCZ.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and MVEW.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEW.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 MVEW.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.50% for IBCZ.DE and 0.30% for MVEW.DE.
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