IS3Q.DE vs. IBCZ.DE
IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) and IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IS3Q.DE tracks the MSCI World Sector Neutral Quality while IBCZ.DE tracks the MSCI World Diversified Multiple-Factor. Both are passively managed. Over the past 10 years, IS3Q.DE returned 12.05%/yr vs 11.45%/yr for IBCZ.DE. Their correlation of 0.94 suggests significant overlap in exposure. IS3Q.DE charges 0.30%/yr vs 0.50%/yr for IBCZ.DE.
Performance
IS3Q.DE vs. IBCZ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS3Q.DE achieves a 9.47% return, which is significantly lower than IBCZ.DE's 13.04% return. Both investments have delivered pretty close results over the past 10 years, with IS3Q.DE having a 12.05% annualized return and IBCZ.DE not far behind at 11.45%.
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.09%
- YTD
- 13.04%
- 6M
- 13.32%
- 1Y
- 27.58%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
IS3Q.DE vs. IBCZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 33.90% | -3.45% | 8.34% |
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -10.83% | 31.27% | 0.44% | 24.79% | -8.31% | 11.03% |
Correlation
The correlation between IS3Q.DE and IBCZ.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015 | 0.94 |
The correlation between IS3Q.DE and IBCZ.DE has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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
IS3Q.DE vs. IBCZ.DE — Risk / Return Rank
IS3Q.DE
IBCZ.DE
IS3Q.DE vs. IBCZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) and iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.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.
| IS3Q.DE | IBCZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 5.23 | -2.27 |
| Martin ratioReturn relative to average drawdown | 11.80 | 20.97 | -9.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IS3Q.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.42 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.84 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.75 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.69 | +0.08 |
Drawdowns
IS3Q.DE vs. IBCZ.DE - Drawdown Comparison
The maximum IS3Q.DE drawdown since its inception was -32.31%, roughly equal to the maximum IBCZ.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IS3Q.DE and IBCZ.DE.
Loading charts...
Drawdown Indicators
| IS3Q.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -33.99% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -5.29% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -19.98% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -19.98% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -32.31% | -33.99% | +1.68% |
Current DrawdownCurrent decline from peak | -0.12% | -0.60% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -4.52% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.32% | +0.28% |
Volatility
IS3Q.DE vs. IBCZ.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) is 2.37%, while iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a volatility of 3.05%. This indicates that IS3Q.DE experiences smaller price fluctuations and is considered to be less risky than IBCZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS3Q.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.05% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 8.16% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 11.42% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.11% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 15.13% | -0.24% |
IS3Q.DE vs. IBCZ.DE - Expense Ratio Comparison
IS3Q.DE has a 0.30% expense ratio, which is lower than IBCZ.DE's 0.50% expense ratio.
Dividends
IS3Q.DE vs. IBCZ.DE - Dividend Comparison
Neither IS3Q.DE nor IBCZ.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3Q.DE and IBCZ.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3Q.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3Q.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for IBCZ.DE.
IS3Q.DE tracks MSCI World Sector Neutral Quality, while IBCZ.DE tracks MSCI World Diversified Multiple-Factor. Their fees differ too: 0.30% for IS3Q.DE and 0.50% for IBCZ.DE.
Find the right allocation for IS3Q.DE and IBCZ.DE
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