IBZL.L vs. DBRC.L
IBZL.L (iShares MSCI Brazil UCITS ETF (Dist)) and DBRC.L (iShares BIC 50 UCITS ETF USD (Dist)) are both exchange-traded funds - IBZL.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while DBRC.L is a Emerging Markets Equities fund tracking the FTSE BIC 50 Net of Tax Index. Both are passively managed. Over the past 10 years, IBZL.L returned 6.00%/yr vs 2.08%/yr for DBRC.L. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.74% expense ratio.
Performance
IBZL.L vs. DBRC.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBZL.L is traded in GBp, while DBRC.L is traded in USD. To make them comparable, the DBRC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBZL.L achieves a 13.86% return, which is significantly higher than DBRC.L's -10.22% return. Over the past 10 years, IBZL.L has outperformed DBRC.L with an annualized return of 6.00%, while DBRC.L has yielded a comparatively lower 2.08% annualized return.
IBZL.L
- 1D
- -0.85%
- 1M
- 1.55%
- 6M
- 10.46%
- YTD
- 13.86%
- 1Y
- 35.79%
- 3Y*
- 8.04%
- 5Y*
- 6.82%
- 10Y*
- 6.00%
DBRC.L
- 1D
- 0.00%
- 1M
- -0.96%
- 6M
- -14.52%
- YTD
- -10.22%
- 1Y
- -5.78%
- 3Y*
- 6.21%
- 5Y*
- -6.59%
- 10Y*
- 2.08%
IBZL.L vs. DBRC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 13.86% | 35.97% | -27.18% | 23.72% | 28.39% | -20.69% | -17.23% | 14.49% | 2.68% | 14.31% |
DBRC.L iShares BIC 50 UCITS ETF USD (Dist) | -10.22% | 20.41% | 15.79% | -12.21% | -20.51% | -23.21% | 16.51% | 17.18% | -2.97% | 24.40% |
Correlation
The correlation between IBZL.L and DBRC.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2007 | 0.59 |
Over the past year, the correlation between IBZL.L and DBRC.L has dropped to 0.37 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBZL.L vs. DBRC.L — Risk / Return Rank
IBZL.L
DBRC.L
IBZL.L vs. DBRC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) and iShares BIC 50 UCITS ETF USD (Dist) (DBRC.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBZL.L | DBRC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.97 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | -0.21 | +2.09 |
| Martin ratioReturn relative to average drawdown | 5.06 | -0.47 | +5.54 |
Loading charts...
Drawdowns
IBZL.L vs. DBRC.L - Drawdown Comparison
The maximum IBZL.L drawdown since its inception was -71.99%, which is greater than DBRC.L's maximum drawdown of -64.12%. Use the drawdown chart below to compare losses from any high point for IBZL.L and DBRC.L.
Loading charts...
Drawdown Indicators
| IBZL.L | DBRC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.99% | -64.12% | -7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -24.76% | +5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -28.80% | -24.76% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -28.80% | -49.88% | +21.08% |
Max Drawdown (10Y)Largest decline over 10 years | -52.07% | -59.33% | +7.26% |
Current DrawdownCurrent decline from peak | -13.07% | -42.31% | +29.24% |
Average DrawdownAverage peak-to-trough decline | -27.74% | -22.17% | -5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 11.18% | -4.13% |
Volatility
IBZL.L vs. DBRC.L - Volatility Comparison
iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) and iShares BIC 50 UCITS ETF USD (Dist) (DBRC.L) have volatilities of 5.61% and 5.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBZL.L | DBRC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 5.38% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.91% | 14.19% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 19.41% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.34% | 29.11% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.37% | 25.89% | +5.48% |
IBZL.L vs. DBRC.L - Expense Ratio Comparison
Both IBZL.L and DBRC.L have an expense ratio of 0.74%.
Dividends
IBZL.L vs. DBRC.L - Dividend Comparison
IBZL.L's dividend yield for the trailing twelve months is around 3.72%, more than DBRC.L's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBRC.L iShares BIC 50 UCITS ETF USD (Dist) | 1.60% | 1.74% | 2.81% | 2.60% | 3.58% | 1.58% | 1.43% | 2.02% | 2.96% | 1.94% | 1.89% | 2.68% |
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 3.72% | 4.32% | 6.46% | 5.44% | 13.60% | 6.32% | 1.92% | 2.53% | 2.45% | 1.46% | 1.64% | 3.54% |
Frequently Asked Questions
IBZL.L and DBRC.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.74% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBZL.L and DBRC.L have the same expense ratio: 0.74% per year.
IBZL.L is categorized as Latin America Equities, while DBRC.L is Emerging Markets Equities. IBZL.L tracks MSCI Brazil NR USD, while DBRC.L tracks FTSE BIC 50 Net of Tax Index.
Find the right allocation for IBZL.L and DBRC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer