IBCZ.DE vs. NQSE.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IBCZ.DE is a Global Equities fund tracking the MSCI World Diversified Multiple-Factor, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IBCZ.DE returned 12.00%/yr vs 14.91%/yr for NQSE.DE. A 0.73 correlation means they provide meaningful diversification when combined. IBCZ.DE charges 0.50%/yr vs 0.33%/yr for NQSE.DE.
Performance
IBCZ.DE vs. NQSE.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 lower than NQSE.DE's 17.82% 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%
NQSE.DE
- 1D
- -0.77%
- 1M
- 8.32%
- YTD
- 17.82%
- 6M
- 17.54%
- 1Y
- 36.74%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
IBCZ.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -12.25% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -36.29% | 27.37% | 45.23% | 35.67% | -15.98% |
Correlation
The correlation between IBCZ.DE and NQSE.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.73 |
The correlation between IBCZ.DE and NQSE.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
IBCZ.DE vs. NQSE.DE — Risk / Return Rank
IBCZ.DE
NQSE.DE
IBCZ.DE vs. NQSE.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 NASDAQ 100 UCITS ETF (NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 3.08 | +2.15 |
| Martin ratioReturn relative to average drawdown | 20.97 | 10.77 | +10.20 |
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 | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.28 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.71 | +0.14 |
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 | 0.82 | -0.13 |
Drawdowns
IBCZ.DE vs. NQSE.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and NQSE.DE.
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Drawdown Indicators
| IBCZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -37.67% | +3.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -11.87% | +6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -22.40% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -37.67% | +17.69% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -0.84% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -8.56% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 3.40% | -2.08% |
Volatility
IBCZ.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) is 3.05%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that IBCZ.DE experiences smaller price fluctuations and is considered to be less risky than NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.75% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 11.99% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 16.05% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 20.91% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 21.54% | -6.41% |
IBCZ.DE vs. NQSE.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
IBCZ.DE vs. NQSE.DE - Dividend Comparison
Neither IBCZ.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and NQSE.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE is categorized as Global Equities, while NQSE.DE is Nasdaq-100. IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.50% for IBCZ.DE and 0.33% for NQSE.DE.
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