IBCZ.DE vs. XDEV.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and XDEV.DE (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while XDEV.DE tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, IBCZ.DE returned 11.45%/yr vs 12.35%/yr for XDEV.DE. Their correlation of 0.86 suggests significant overlap in exposure. IBCZ.DE charges 0.50%/yr vs 0.25%/yr for XDEV.DE.
Performance
IBCZ.DE vs. XDEV.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 XDEV.DE's 35.07% return. Over the past 10 years, IBCZ.DE has underperformed XDEV.DE with an annualized return of 11.45%, while XDEV.DE has yielded a comparatively higher 12.35% 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%
XDEV.DE
- 1D
- -0.89%
- 1M
- 12.68%
- YTD
- 35.07%
- 6M
- 38.48%
- 1Y
- 63.09%
- 3Y*
- 26.76%
- 5Y*
- 17.35%
- 10Y*
- 12.35%
IBCZ.DE vs. XDEV.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% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 35.07% | 24.76% | 11.62% | 15.67% | -4.96% | 30.90% | -12.53% | 22.09% | -10.42% | 7.82% |
Correlation
The correlation between IBCZ.DE and XDEV.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 | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015 | 0.86 |
The correlation between IBCZ.DE and XDEV.DE has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
IBCZ.DE vs. XDEV.DE — Risk / Return Rank
IBCZ.DE
XDEV.DE
IBCZ.DE vs. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.81 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 10.38 | -5.15 |
| Martin ratioReturn relative to average drawdown | 20.97 | 39.12 | -18.16 |
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 | XDEV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 4.52 | -2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.23 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.78 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.71 | -0.02 |
Drawdowns
IBCZ.DE vs. XDEV.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, roughly equal to the maximum XDEV.DE drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and XDEV.DE.
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Drawdown Indicators
| IBCZ.DE | XDEV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -35.28% | +1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -6.05% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -18.02% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -18.02% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -35.28% | +1.29% |
Current DrawdownCurrent decline from peak | -0.60% | -1.07% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -5.56% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.61% | -0.29% |
Volatility
IBCZ.DE vs. XDEV.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) is 3.05%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 5.77%. This indicates that IBCZ.DE experiences smaller price fluctuations and is considered to be less risky than XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 5.77% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 11.20% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 13.89% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 13.96% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 15.90% | -0.77% |
IBCZ.DE vs. XDEV.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than XDEV.DE's 0.25% expense ratio.
Dividends
IBCZ.DE vs. XDEV.DE - Dividend Comparison
Neither IBCZ.DE nor XDEV.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and XDEV.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, XDEV.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEV.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while XDEV.DE tracks MSCI ACWI Value NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.50% for IBCZ.DE and 0.25% for XDEV.DE.
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