OP7E.DE vs. IBCY.DE
OP7E.DE (Ossiam Bloomberg USA PAB UCITS ETF (EUR)) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - OP7E.DE tracks the Bloomberg PAB US Large & Mid Cap while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 3 years, OP7E.DE returned 16.14%/yr vs 13.97%/yr for IBCY.DE. Their correlation of 0.85 suggests significant overlap in exposure. OP7E.DE charges 0.12%/yr vs 0.35%/yr for IBCY.DE.
Performance
OP7E.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
OP7E.DE
- 1D
- -0.19%
- 1M
- 6.76%
- YTD
- 9.44%
- 6M
- 9.62%
- 1Y
- 18.97%
- 3Y*
- 16.14%
- 5Y*
- —
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.35%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
OP7E.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OP7E.DE Ossiam Bloomberg USA PAB UCITS ETF (EUR) | 9.44% | 1.18% | 29.02% | 22.72% | -14.67% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -12.24% |
Correlation
The correlation between OP7E.DE and IBCY.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.85 |
Over the past year, the correlation between OP7E.DE and IBCY.DE has dropped to 0.52 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
OP7E.DE vs. IBCY.DE — Risk / Return Rank
OP7E.DE
IBCY.DE
OP7E.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.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.
| OP7E.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.56 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 4.08 | -1.97 |
| Martin ratioReturn relative to average drawdown | 6.82 | 19.99 | -13.16 |
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
| OP7E.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.70 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.63 | +0.12 |
Drawdowns
OP7E.DE vs. IBCY.DE - Drawdown Comparison
The maximum OP7E.DE drawdown since its inception was -23.71%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for OP7E.DE and IBCY.DE.
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Drawdown Indicators
| OP7E.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.71% | -35.54% | +11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -3.26% | -5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -23.71% | -22.91% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.50% | 0.00% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -4.95% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 0.67% | +2.10% |
Volatility
OP7E.DE vs. IBCY.DE - Volatility Comparison
Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE) has a higher volatility of 3.07% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that OP7E.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
| OP7E.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 0.00% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 0.00% | +8.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 7.99% | +4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 14.77% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 16.12% | -1.34% |
OP7E.DE vs. IBCY.DE - Expense Ratio Comparison
OP7E.DE has a 0.12% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
OP7E.DE vs. IBCY.DE - Dividend Comparison
Neither OP7E.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
OP7E.DE and IBCY.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP7E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP7E.DE is cheaper with a 0.12% expense ratio, compared with 0.35% for IBCY.DE.
OP7E.DE tracks Bloomberg PAB US Large & Mid Cap, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.12% for OP7E.DE and 0.35% for IBCY.DE.
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