IWLE.DE vs. BBCK.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) are both Global Equities funds - IWLE.DE tracks the MSCI World Net TR Index while BBCK.DE tracks the Nasdaq Global Buyback Achievers. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 10.80%/yr for BBCK.DE. A 0.68 correlation means they provide meaningful diversification when combined. IWLE.DE charges 0.30%/yr vs 0.39%/yr for BBCK.DE.
Performance
IWLE.DE vs. BBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly lower than BBCK.DE's 9.07% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
BBCK.DE
- 1D
- -0.13%
- 1M
- 2.78%
- YTD
- 9.07%
- 6M
- 8.53%
- 1Y
- 24.98%
- 3Y*
- 19.27%
- 5Y*
- 10.80%
- 10Y*
- 12.70%
IWLE.DE vs. BBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 12.14% |
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 9.07% | 16.70% | 19.10% | 11.74% | -6.61% | 30.88% | 1.65% | 18.38% |
Correlation
The correlation between IWLE.DE and BBCK.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.68 |
The correlation between IWLE.DE and BBCK.DE shifts across timeframes, from 0.56 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IWLE.DE vs. BBCK.DE — Risk / Return Rank
IWLE.DE
BBCK.DE
IWLE.DE vs. BBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and Invesco Global Buyback Achievers UCITS ETF (BBCK.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.
| IWLE.DE | BBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 5.65 | -3.08 |
| Martin ratioReturn relative to average drawdown | 11.25 | 17.35 | -6.10 |
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Drawdowns
IWLE.DE vs. BBCK.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, roughly equal to the maximum BBCK.DE drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and BBCK.DE.
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Drawdown Indicators
| IWLE.DE | BBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -33.24% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -4.40% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -21.54% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -21.54% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.24% | — |
Current DrawdownCurrent decline from peak | -1.77% | -0.13% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -6.21% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.44% | +0.40% |
Volatility
IWLE.DE vs. BBCK.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) at 2.89%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than BBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | BBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.89% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 7.79% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 11.58% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 14.69% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 23.35% | -6.59% |
IWLE.DE vs. BBCK.DE - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is lower than BBCK.DE's 0.39% expense ratio.
Dividends
IWLE.DE vs. BBCK.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, less than BBCK.DE's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 1.69% | 1.88% | 1.78% | 1.74% | 1.96% | 1.17% | 1.61% | 1.84% | 1.35% | 1.23% | 1.64% | 1.29% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWLE.DE and BBCK.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWLE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for BBCK.DE.
IWLE.DE tracks MSCI World Net TR Index, while BBCK.DE tracks Nasdaq Global Buyback Achievers. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for IWLE.DE and 0.39% for BBCK.DE.
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