IBCZ.DE vs. MWRE.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and MWRE.DE (Amundi Core MSCI World UCITS ETF Accumulating) are both Global Equities funds - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while MWRE.DE tracks the MSCI World. Both are passively managed. Over the past year, IBCZ.DE returned 27.80% vs 23.79% for MWRE.DE. Their correlation of 0.94 suggests significant overlap in exposure. IBCZ.DE charges 0.50%/yr vs 0.12%/yr for MWRE.DE.
Performance
IBCZ.DE vs. MWRE.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 MWRE.DE's 10.85% 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%
MWRE.DE
- 1D
- -0.02%
- 1M
- 4.85%
- YTD
- 10.85%
- 6M
- 11.38%
- 1Y
- 23.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCZ.DE vs. MWRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 4.66% |
MWRE.DE Amundi Core MSCI World UCITS ETF Accumulating | 10.85% | 7.94% | 6.30% |
Correlation
The correlation between IBCZ.DE and MWRE.DE is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2024 | 0.94 |
The correlation between IBCZ.DE and MWRE.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
IBCZ.DE vs. MWRE.DE — Risk / Return Rank
IBCZ.DE
MWRE.DE
IBCZ.DE vs. MWRE.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 Amundi Core MSCI World UCITS ETF Accumulating (MWRE.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 | MWRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.40 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 3.63 | +1.61 |
| Martin ratioReturn relative to average drawdown | 20.97 | 14.47 | +6.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBCZ.DE | MWRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.12 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
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 | 1.08 | -0.40 |
Drawdowns
IBCZ.DE vs. MWRE.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than MWRE.DE's maximum drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and MWRE.DE.
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Drawdown Indicators
| IBCZ.DE | MWRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -21.68% | -12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -6.53% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -0.33% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.68% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.64% | -0.32% |
Volatility
IBCZ.DE vs. MWRE.DE - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a higher volatility of 3.05% compared to Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE) at 2.56%. This indicates that IBCZ.DE's price experiences larger fluctuations and is considered to be riskier than MWRE.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 | MWRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.56% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 7.79% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 11.18% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 15.25% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 15.25% | -0.12% |
IBCZ.DE vs. MWRE.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than MWRE.DE's 0.12% expense ratio.
Dividends
IBCZ.DE vs. MWRE.DE - Dividend Comparison
Neither IBCZ.DE nor MWRE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, IBCZ.DE and MWRE.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, MWRE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWRE.DE is cheaper with a 0.12% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while MWRE.DE tracks MSCI World. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for IBCZ.DE and 0.12% for MWRE.DE.
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