IFSW.L vs. IBCK.DE
IFSW.L (iShares Edge MSCI World Multifactor UCITS) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both exchange-traded funds - IFSW.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IBCK.DE is a S&P 500 fund tracking the S&P 500 Minimum Volatility. Both are passively managed. Over the past 10 years, IFSW.L returned 11.66%/yr vs 10.55%/yr for IBCK.DE. A 0.73 correlation means they provide meaningful diversification when combined. IFSW.L charges 0.55%/yr vs 0.20%/yr for IBCK.DE.
Performance
IFSW.L vs. IBCK.DE - Performance Comparison
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Different Trading Currencies
IFSW.L is traded in USD, while IBCK.DE is traded in EUR. To make them comparable, the IBCK.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IFSW.L achieves a 11.85% return, which is significantly higher than IBCK.DE's 3.81% return. Over the past 10 years, IFSW.L has outperformed IBCK.DE with an annualized return of 11.66%, while IBCK.DE has yielded a comparatively lower 10.55% annualized return.
IFSW.L
- 1D
- -0.50%
- 1M
- 4.97%
- YTD
- 11.85%
- 6M
- 13.13%
- 1Y
- 29.64%
- 3Y*
- 21.77%
- 5Y*
- 10.89%
- 10Y*
- 11.66%
IBCK.DE
- 1D
- -0.01%
- 1M
- 3.67%
- YTD
- 3.81%
- 6M
- 5.31%
- 1Y
- 11.19%
- 3Y*
- 13.94%
- 5Y*
- 8.86%
- 10Y*
- 10.55%
IFSW.L vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFSW.L iShares Edge MSCI World Multifactor UCITS | 11.85% | 25.73% | 17.05% | 15.35% | -15.39% | 20.36% | 10.69% | 21.44% | -12.34% | 26.45% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 3.81% | 12.11% | 18.42% | 9.56% | -11.22% | 25.03% | 7.38% | 32.00% | -6.11% | 16.76% |
Correlation
The correlation between IFSW.L and IBCK.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2015 | 0.73 |
The correlation between IFSW.L and IBCK.DE has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
IFSW.L vs. IBCK.DE — Risk / Return Rank
IFSW.L
IBCK.DE
IFSW.L vs. IBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS (IFSW.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| IFSW.L | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 1.79 | +1.91 |
| Martin ratioReturn relative to average drawdown | 15.61 | 7.04 | +8.57 |
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
| IFSW.L | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 1.34 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.68 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.74 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.83 | -0.13 |
Drawdowns
IFSW.L vs. IBCK.DE - Drawdown Comparison
The maximum IFSW.L drawdown since its inception was -34.49%, roughly equal to the maximum IBCK.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for IFSW.L and IBCK.DE.
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Drawdown Indicators
| IFSW.L | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.49% | -33.60% | -0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -6.42% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.98% | -13.31% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -24.41% | -18.61% | -5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -34.49% | -33.60% | -0.89% |
Current DrawdownCurrent decline from peak | -1.00% | -0.12% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -3.23% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.63% | +0.26% |
Volatility
IFSW.L vs. IBCK.DE - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS (IFSW.L) has a higher volatility of 3.52% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.05%. This indicates that IFSW.L's price experiences larger fluctuations and is considered to be riskier than IBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFSW.L | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 2.05% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 5.95% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 8.55% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 12.84% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.19% | 14.15% | +2.04% |
IFSW.L vs. IBCK.DE - Expense Ratio Comparison
IFSW.L has a 0.55% expense ratio, which is higher than IBCK.DE's 0.20% expense ratio.
Dividends
IFSW.L vs. IBCK.DE - Dividend Comparison
Neither IFSW.L nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
IFSW.L and IBCK.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCK.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for IFSW.L.
IFSW.L is categorized as Global Equities, while IBCK.DE is S&P 500. IFSW.L tracks MSCI ACWI NR USD, while IBCK.DE tracks S&P 500 Minimum Volatility. Their fees differ too: 0.55% for IFSW.L and 0.20% for IBCK.DE.
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