OM3L.DE vs. IBCY.DE
OM3L.DE (iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds from iShares - OM3L.DE tracks the MSCI USA ESG Enhanced Focus while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, OM3L.DE returned 13.77%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.91 suggests significant overlap in exposure. OM3L.DE charges 0.07%/yr vs 0.35%/yr for IBCY.DE.
Performance
OM3L.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
OM3L.DE
- 1D
- -0.11%
- 1M
- 4.57%
- YTD
- 10.41%
- 6M
- 9.75%
- 1Y
- 23.08%
- 3Y*
- 17.98%
- 5Y*
- 13.77%
- 10Y*
- —
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%
OM3L.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OM3L.DE iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) | 10.41% | 2.65% | 31.09% | 23.69% | -16.09% | 40.76% | 12.80% | 15.18% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 11.52% |
Correlation
The correlation between OM3L.DE and IBCY.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 | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.91 |
Over the past year, the correlation between OM3L.DE and IBCY.DE has dropped to 0.56 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
OM3L.DE vs. IBCY.DE — Risk / Return Rank
OM3L.DE
IBCY.DE
OM3L.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (OM3L.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.
| OM3L.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.56 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 4.08 | -1.24 |
| Martin ratioReturn relative to average drawdown | 9.78 | 19.99 | -10.21 |
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
| OM3L.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.70 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.69 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.63 | +0.27 |
Drawdowns
OM3L.DE vs. IBCY.DE - Drawdown Comparison
The maximum OM3L.DE drawdown since its inception was -33.35%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for OM3L.DE and IBCY.DE.
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Drawdown Indicators
| OM3L.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -35.54% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -3.26% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -22.91% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -22.91% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.41% | 0.00% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -4.95% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.67% | +1.70% |
Volatility
OM3L.DE vs. IBCY.DE - Volatility Comparison
iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (OM3L.DE) has a higher volatility of 2.71% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that OM3L.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
| OM3L.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 0.00% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 0.00% | +7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 7.99% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 14.77% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 16.12% | +1.28% |
OM3L.DE vs. IBCY.DE - Expense Ratio Comparison
OM3L.DE has a 0.07% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
OM3L.DE vs. IBCY.DE - Dividend Comparison
OM3L.DE's dividend yield for the trailing twelve months is around 0.81%, while IBCY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
OM3L.DE iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) | 0.81% | 0.89% | 0.99% | 2.46% | 2.99% | 2.12% | 2.86% | 2.21% |
Frequently Asked Questions
OM3L.DE and IBCY.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, OM3L.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3L.DE is cheaper with a 0.07% expense ratio, compared with 0.35% for IBCY.DE.
OM3L.DE tracks MSCI USA ESG Enhanced Focus, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. Their fees differ too: 0.07% for OM3L.DE and 0.35% for IBCY.DE.
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