LVLC.DE vs. IBCZ.DE
LVLC.DE (Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc) and IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) are both Global Equities funds - LVLC.DE tracks the Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon while IBCZ.DE tracks the MSCI World Diversified Multiple-Factor. Both are passively managed. Over the past 3 years, LVLC.DE returned 12.70%/yr vs 18.64%/yr for IBCZ.DE. Their correlation of 0.86 suggests significant overlap in exposure. LVLC.DE charges 0.25%/yr vs 0.50%/yr for IBCZ.DE.
Performance
LVLC.DE vs. IBCZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LVLC.DE achieves a 4.86% return, which is significantly lower than IBCZ.DE's 13.04% return.
LVLC.DE
- 1D
- -0.11%
- 1M
- 2.82%
- YTD
- 4.86%
- 6M
- 5.74%
- 1Y
- 10.51%
- 3Y*
- 12.70%
- 5Y*
- —
- 10Y*
- —
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%
LVLC.DE vs. IBCZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LVLC.DE Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc | 4.86% | 5.91% | 23.88% | 9.90% | -3.61% |
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -3.63% |
Correlation
The correlation between LVLC.DE and IBCZ.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2022 | 0.86 |
The correlation between LVLC.DE and IBCZ.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
LVLC.DE vs. IBCZ.DE — Risk / Return Rank
LVLC.DE
IBCZ.DE
LVLC.DE vs. IBCZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc (LVLC.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.
| LVLC.DE | IBCZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.45 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 5.23 | -3.44 |
| Martin ratioReturn relative to average drawdown | 6.55 | 20.97 | -14.42 |
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
| LVLC.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.42 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.69 | +0.27 |
Drawdowns
LVLC.DE vs. IBCZ.DE - Drawdown Comparison
The maximum LVLC.DE drawdown since its inception was -16.03%, smaller than the maximum IBCZ.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for LVLC.DE and IBCZ.DE.
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Drawdown Indicators
| LVLC.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.03% | -33.99% | +17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -5.29% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -19.98% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.60% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -4.52% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.32% | +0.24% |
Volatility
LVLC.DE vs. IBCZ.DE - Volatility Comparison
The current volatility for Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc (LVLC.DE) is 2.05%, while iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a volatility of 3.05%. This indicates that LVLC.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.
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Volatility by Period
| LVLC.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 3.05% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 8.16% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.68% | 11.42% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.57% | 14.11% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.57% | 15.13% | -4.56% |
LVLC.DE vs. IBCZ.DE - Expense Ratio Comparison
LVLC.DE has a 0.25% expense ratio, which is lower than IBCZ.DE's 0.50% expense ratio.
Dividends
LVLC.DE vs. IBCZ.DE - Dividend Comparison
Neither LVLC.DE nor IBCZ.DE has paid dividends to shareholders.
Frequently Asked Questions
LVLC.DE and IBCZ.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVLC.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVLC.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IBCZ.DE.
LVLC.DE tracks Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon, while IBCZ.DE tracks MSCI World Diversified Multiple-Factor. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for LVLC.DE and 0.50% for IBCZ.DE.
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