IBCZ.DE vs. XWEB.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and XWEB.DE (Xtrackers MSCI World Minimum Volatility ESG UCITS ETF 1C) are both Global Equities funds - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while XWEB.DE tracks the MSCI World Minimum Volatility Low Carbon SRI Screened Select. Both are passively managed. Over the past year, IBCZ.DE returned 27.80% vs 3.21% for XWEB.DE. A 0.68 correlation means they provide meaningful diversification when combined. IBCZ.DE charges 0.50%/yr vs 0.25%/yr for XWEB.DE.
Performance
IBCZ.DE vs. XWEB.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 XWEB.DE's 1.64% 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%
XWEB.DE
- 1D
- 0.38%
- 1M
- 1.45%
- YTD
- 1.64%
- 6M
- 1.85%
- 1Y
- 3.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCZ.DE vs. XWEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 6.17% |
XWEB.DE Xtrackers MSCI World Minimum Volatility ESG UCITS ETF 1C | 1.64% | 1.61% | 16.94% | 4.70% |
Correlation
The correlation between IBCZ.DE and XWEB.DE is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2023 | 0.68 |
The correlation between IBCZ.DE and XWEB.DE shifts across timeframes, from 0.56 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCZ.DE vs. XWEB.DE — Risk / Return Rank
IBCZ.DE
XWEB.DE
IBCZ.DE vs. XWEB.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 Minimum Volatility ESG UCITS ETF 1C (XWEB.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 | XWEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.07 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 0.63 | +4.60 |
| Martin ratioReturn relative to average drawdown | 20.97 | 1.53 | +19.44 |
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 | XWEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 0.41 | +2.01 |
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 | 0.89 | -0.20 |
Drawdowns
IBCZ.DE vs. XWEB.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than XWEB.DE's maximum drawdown of -14.46%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and XWEB.DE.
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Drawdown Indicators
| IBCZ.DE | XWEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -14.46% | -19.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -5.03% | -0.26% |
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% | -3.10% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.02% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 2.10% | -0.78% |
Volatility
IBCZ.DE vs. XWEB.DE - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a higher volatility of 3.05% compared to Xtrackers MSCI World Minimum Volatility ESG UCITS ETF 1C (XWEB.DE) at 2.21%. This indicates that IBCZ.DE's price experiences larger fluctuations and is considered to be riskier than XWEB.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 | XWEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.21% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 5.37% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 7.78% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 9.49% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 9.49% | +5.64% |
IBCZ.DE vs. XWEB.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than XWEB.DE's 0.25% expense ratio.
Dividends
IBCZ.DE vs. XWEB.DE - Dividend Comparison
Neither IBCZ.DE nor XWEB.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and XWEB.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEB.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 XWEB.DE tracks MSCI World Minimum Volatility Low Carbon SRI Screened Select. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for IBCZ.DE and 0.25% for XWEB.DE.
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