IBZL.L vs. XIEE.DE
IBZL.L (iShares MSCI Brazil UCITS ETF (Dist)) and XIEE.DE (Xtrackers MSCI Europe UCITS ETF) are both exchange-traded funds - IBZL.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while XIEE.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, IBZL.L returned 8.53%/yr vs 10.94%/yr for XIEE.DE. At a 0.39 correlation, their price movements are largely independent. IBZL.L charges 0.74%/yr vs 0.12%/yr for XIEE.DE.
Performance
IBZL.L vs. XIEE.DE - Performance Comparison
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Different Trading Currencies
IBZL.L is traded in GBp, while XIEE.DE is traded in EUR. To make them comparable, the XIEE.DE 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 11.37% return, which is significantly higher than XIEE.DE's 8.13% return. Over the past 10 years, IBZL.L has underperformed XIEE.DE with an annualized return of 8.53%, while XIEE.DE has yielded a comparatively higher 10.94% annualized return.
IBZL.L
- 1D
- 4.32%
- 1M
- -6.39%
- YTD
- 11.37%
- 6M
- 10.30%
- 1Y
- 33.52%
- 3Y*
- 6.71%
- 5Y*
- 6.72%
- 10Y*
- 8.53%
XIEE.DE
- 1D
- 1.82%
- 1M
- 4.58%
- YTD
- 8.13%
- 6M
- 9.15%
- 1Y
- 19.90%
- 3Y*
- 14.32%
- 5Y*
- 10.17%
- 10Y*
- 10.94%
IBZL.L vs. XIEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 11.37% | 35.97% | -27.18% | 23.72% | 28.39% | -20.69% | -17.23% | 14.49% | 2.68% | 14.31% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 8.13% | 26.59% | 3.37% | 13.41% | -4.17% | 16.14% | 2.33% | 21.17% | -9.73% | 14.91% |
Correlation
The correlation between IBZL.L and XIEE.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.39 |
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Return for Risk
IBZL.L vs. XIEE.DE — Risk / Return Rank
IBZL.L
XIEE.DE
IBZL.L vs. XIEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) and Xtrackers MSCI Europe UCITS ETF (XIEE.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.
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 | XIEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.82 | -0.06 |
| Martin ratioReturn relative to average drawdown | 5.94 | 7.04 | -1.10 |
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Drawdowns
IBZL.L vs. XIEE.DE - Drawdown Comparison
The maximum IBZL.L drawdown since its inception was -71.99%, which is greater than XIEE.DE's maximum drawdown of -28.00%. Use the drawdown chart below to compare losses from any high point for IBZL.L and XIEE.DE.
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Drawdown Indicators
| IBZL.L | XIEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.99% | -28.00% | -43.99% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -10.87% | -8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -28.80% | -13.81% | -14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.80% | -15.92% | -12.88% |
Max Drawdown (10Y)Largest decline over 10 years | -52.07% | -28.00% | -24.07% |
Current DrawdownCurrent decline from peak | -14.98% | 0.00% | -14.98% |
Average DrawdownAverage peak-to-trough decline | -27.70% | -5.73% | -21.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 2.82% | +2.81% |
Volatility
IBZL.L vs. XIEE.DE - Volatility Comparison
iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) has a higher volatility of 6.95% compared to Xtrackers MSCI Europe UCITS ETF (XIEE.DE) at 3.82%. This indicates that IBZL.L's price experiences larger fluctuations and is considered to be riskier than XIEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBZL.L | XIEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 3.82% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 17.60% | 11.68% | +5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 13.47% | +8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.42% | 14.20% | +12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.47% | 17.38% | +14.09% |
IBZL.L vs. XIEE.DE - Expense Ratio Comparison
IBZL.L has a 0.74% expense ratio, which is higher than XIEE.DE's 0.12% expense ratio.
Dividends
IBZL.L vs. XIEE.DE - Dividend Comparison
IBZL.L's dividend yield for the trailing twelve months is around 3.26%, more than XIEE.DE's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 3.26% | 4.32% | 6.46% | 5.44% | 13.60% | 6.32% | 1.92% | 2.53% | 2.45% | 1.46% | 1.64% | 3.54% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.39% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% | 0.00% |
Frequently Asked Questions
IBZL.L and XIEE.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.74% for IBZL.L.
IBZL.L is categorized as Latin America Equities, while XIEE.DE is Europe Equities. IBZL.L tracks MSCI Brazil NR USD, while XIEE.DE tracks MSCI Europe. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.74% for IBZL.L and 0.12% for XIEE.DE.
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