IQQN.DE vs. IBCY.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds from iShares - IQQN.DE tracks the MSCI North America while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 10 years, IQQN.DE returned 14.38%/yr vs 11.22%/yr for IBCY.DE. Their correlation of 0.93 suggests significant overlap in exposure. IQQN.DE charges 0.40%/yr vs 0.35%/yr for IBCY.DE.
Performance
IQQN.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
Over the past 10 years, IQQN.DE has outperformed IBCY.DE with an annualized return of 14.38%, while IBCY.DE has yielded a comparatively lower 11.22% annualized return.
IQQN.DE
- 1D
- -0.05%
- 1M
- 5.20%
- YTD
- 11.09%
- 6M
- 11.12%
- 1Y
- 25.13%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.22%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
IQQN.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 8.53% | 34.21% | -2.31% | 6.17% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 28.63% | -6.73% | 6.21% |
Correlation
The correlation between IQQN.DE and IBCY.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015 | 0.93 |
Over the past year, the correlation between IQQN.DE and IBCY.DE has dropped to 0.55 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
IQQN.DE vs. IBCY.DE — Risk / Return Rank
IQQN.DE
IBCY.DE
IQQN.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IQQN.DE) and iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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.
| IQQN.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.56 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 4.08 | -0.62 |
| Martin ratioReturn relative to average drawdown | 12.25 | 19.99 | -7.74 |
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
| IQQN.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.70 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.69 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.69 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.63 | -0.05 |
Drawdowns
IQQN.DE vs. IBCY.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than IBCY.DE's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and IBCY.DE.
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Drawdown Indicators
| IQQN.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -35.54% | -16.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -3.26% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -22.91% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -22.91% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -35.54% | +1.16% |
Current DrawdownCurrent decline from peak | -0.35% | 0.00% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.95% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.67% | +1.38% |
Volatility
IQQN.DE vs. IBCY.DE - Volatility Comparison
iShares MSCI North America UCITS ETF (IQQN.DE) has a higher volatility of 2.66% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that IQQN.DE's price experiences larger fluctuations and is considered to be riskier than IBCY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQN.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 0.00% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 0.00% | +7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 7.99% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 14.77% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 16.12% | -0.03% |
IQQN.DE vs. IBCY.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than IBCY.DE's 0.35% expense ratio.
Dividends
IQQN.DE vs. IBCY.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, while IBCY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQN.DE iShares MSCI North America UCITS ETF | 0.61% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
Frequently Asked Questions
IQQN.DE and IBCY.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCY.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCY.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE tracks MSCI North America, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. Their fees differ too: 0.40% for IQQN.DE and 0.35% for IBCY.DE.
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