IUSC.DE vs. 4BRZ.DE
IUSC.DE (iShares MSCI EM Latin America UCITS ETF (Dist)) and 4BRZ.DE (iShares MSCI Brazil UCITS ETF (DE) USD (Acc)) are both Latin America Equities funds from iShares - IUSC.DE tracks the MSCI Emerging Markets Latin America 10/40 while 4BRZ.DE tracks the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 5 years, IUSC.DE returned 9.76%/yr vs 6.36%/yr for 4BRZ.DE. Their correlation of 0.92 suggests significant overlap in exposure. IUSC.DE charges 0.20%/yr vs 0.31%/yr for 4BRZ.DE.
Performance
IUSC.DE vs. 4BRZ.DE - Performance Comparison
Loading charts...
Different Trading Currencies
IUSC.DE is traded in EUR, while 4BRZ.DE is traded in USD. To make them comparable, the 4BRZ.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IUSC.DE having a 14.96% return and 4BRZ.DE slightly higher at 15.30%.
IUSC.DE
- 1D
- -0.77%
- 1M
- -0.33%
- 6M
- 7.38%
- YTD
- 14.96%
- 1Y
- 38.35%
- 3Y*
- 10.61%
- 5Y*
- 9.76%
- 10Y*
- 5.68%
4BRZ.DE
- 1D
- -0.78%
- 1M
- 1.51%
- 6M
- 9.53%
- YTD
- 15.30%
- 1Y
- 35.91%
- 3Y*
- 8.92%
- 5Y*
- 6.36%
- 10Y*
- —
IUSC.DE vs. 4BRZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 14.96% | 37.51% | -23.12% | 28.29% | 14.42% | -3.82% | -19.80% | 18.42% | -4.57% |
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 15.30% | 31.54% | -25.69% | 28.88% | 20.67% | -12.67% | -26.67% | 31.28% | -2.53% |
Correlation
The correlation between IUSC.DE and 4BRZ.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.92 |
The correlation between IUSC.DE and 4BRZ.DE has been stable across timeframes, ranging from 0.89 to 0.92 - 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
IUSC.DE vs. 4BRZ.DE — Risk / Return Rank
IUSC.DE
4BRZ.DE
IUSC.DE vs. 4BRZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) and iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.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.
| IUSC.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.02 | +0.81 |
| Martin ratioReturn relative to average drawdown | 8.20 | 5.44 | +2.76 |
Loading charts...
Drawdowns
IUSC.DE vs. 4BRZ.DE - Drawdown Comparison
The maximum IUSC.DE drawdown since its inception was -58.97%, which is greater than 4BRZ.DE's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for IUSC.DE and 4BRZ.DE.
Loading charts...
Drawdown Indicators
| IUSC.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.97% | -55.47% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -17.71% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -26.00% | -28.14% | +2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.00% | -28.14% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -49.94% | — | — |
Current DrawdownCurrent decline from peak | -7.70% | -11.93% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -21.35% | -18.19% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 6.58% | -1.92% |
Volatility
IUSC.DE vs. 4BRZ.DE - Volatility Comparison
The current volatility for iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) is 3.94%, while iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) has a volatility of 4.56%. This indicates that IUSC.DE experiences smaller price fluctuations and is considered to be less risky than 4BRZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUSC.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 4.56% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 17.31% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.56% | 22.45% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.83% | 26.71% | -5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.08% | 32.55% | -7.47% |
IUSC.DE vs. 4BRZ.DE - Expense Ratio Comparison
IUSC.DE has a 0.20% expense ratio, which is lower than 4BRZ.DE's 0.31% expense ratio.
Dividends
IUSC.DE vs. 4BRZ.DE - Dividend Comparison
IUSC.DE's dividend yield for the trailing twelve months is around 3.39%, while 4BRZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 3.39% | 3.65% | 4.87% | 3.74% | 6.10% | 2.71% | 1.59% | 2.00% | 1.89% | 1.37% | 1.18% | 2.53% |
Frequently Asked Questions
With a correlation of 0.92, IUSC.DE and 4BRZ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUSC.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSC.DE is cheaper with a 0.20% expense ratio, compared with 0.31% for 4BRZ.DE.
IUSC.DE tracks MSCI Emerging Markets Latin America 10/40, while 4BRZ.DE tracks MSCI Brazil 25/50 Index. Their fees differ too: 0.20% for IUSC.DE and 0.31% for 4BRZ.DE.
Find the right allocation for IUSC.DE and 4BRZ.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