SNAW.DE vs. IBCZ.DE

Last updated Jun 5, 2026

SNAW.DE (iShares MSCI World ESG Screened UCITS ETF USD (Acc)) and IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SNAW.DE tracks the MSCI World ESG Screened while IBCZ.DE tracks the MSCI World Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, SNAW.DE returned 13.25%/yr vs 12.00%/yr for IBCZ.DE. Their correlation of 0.92 suggests significant overlap in exposure. SNAW.DE charges 0.20%/yr vs 0.50%/yr for IBCZ.DE.

Performance

SNAW.DE vs. IBCZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) and iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNAW.DE achieves a 10.75% return, which is significantly lower than IBCZ.DE's 13.04% return.

SNAW.DE

• 1D: 0.02%
• 1M: 3.93%
• YTD: 10.75%
• 6M: 10.75%
• 1Y: 24.24%
• 3Y*: 18.23%
• 5Y*: 13.25%
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SNAW.DE vs. IBCZ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SNAW.DE iShares MSCI World ESG Screened UCITS ETF USD (Acc)	10.75%	7.91%	27.45%	22.43%	-15.24%	33.21%	6.88%	31.54%	-19.97%
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)	13.04%	12.05%	24.09%	11.45%	-10.83%	31.27%	0.44%	24.79%	-8.47%

Correlation

The correlation between SNAW.DE and IBCZ.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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 22, 2018	0.92

The correlation between SNAW.DE and IBCZ.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

SNAW.DE vs. IBCZ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNAW.DE

SNAW.DE Risk / Return Rank: 64
SNAW.DE Sharpe Ratio Rank: 63
SNAW.DE Sortino Ratio Rank: 63
SNAW.DE Omega Ratio Rank: 64
SNAW.DE Calmar Ratio Rank: 65
SNAW.DE Martin Ratio Rank: 68

IBCZ.DE

IBCZ.DE Risk / Return Rank: 82
IBCZ.DE Sharpe Ratio Rank: 76
IBCZ.DE Sortino Ratio Rank: 77
IBCZ.DE Omega Ratio Rank: 77
IBCZ.DE Calmar Ratio Rank: 89
IBCZ.DE Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNAW.DE vs. IBCZ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.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.

	SNAW.DE	IBCZ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.42	-0.37
Sortino ratio: Return per unit of downside risk	2.88	3.41	-0.53
Omega ratio: Gain probability vs. loss probability	1.38	1.45	-0.07
Calmar ratio: Return relative to maximum drawdown	3.15	5.23	-2.08
Martin ratio: Return relative to average drawdown	12.49	20.97	-8.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNAW.DE vs. IBCZ.DE - Sharpe Ratio Comparison

The current SNAW.DE Sharpe Ratio is 2.05, which is comparable to the IBCZ.DE Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of SNAW.DE and IBCZ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SNAW.DE	IBCZ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.42	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.84	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.69	+0.01

Drawdowns

SNAW.DE vs. IBCZ.DE - Drawdown Comparison

The maximum SNAW.DE drawdown since its inception was -33.26%, roughly equal to the maximum IBCZ.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SNAW.DE and IBCZ.DE.

Drawdown Indicators

	SNAW.DE	IBCZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-33.99%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-5.29%	-2.40%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-19.98%	-2.39%
Max Drawdown (5Y) Largest decline over 5 years	-22.37%	-19.98%	-2.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.36%	-0.60%	+0.24%
Average Drawdown Average peak-to-trough decline	-5.44%	-4.52%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.32%	+0.63%

Volatility

SNAW.DE vs. IBCZ.DE - Volatility Comparison

The current volatility for iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) is 2.85%, while iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a volatility of 3.05%. This indicates that SNAW.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.

Volatility by Period

	SNAW.DE	IBCZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	3.05%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	8.16%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	11.42%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	14.11%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	15.13%	+2.03%

SNAW.DE vs. IBCZ.DE - Expense Ratio Comparison

SNAW.DE has a 0.20% expense ratio, which is lower than IBCZ.DE's 0.50% expense ratio.

Dividends

SNAW.DE vs. IBCZ.DE - Dividend Comparison

Neither SNAW.DE nor IBCZ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SNAW.DE and IBCZ.DE in my portfolio?

With a correlation of 0.92, SNAW.DE and IBCZ.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.

Which ETF is better, SNAW.DE or IBCZ.DE?

On fees, SNAW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNAW.DE or IBCZ.DE?

SNAW.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for IBCZ.DE.

What is the main difference between SNAW.DE and IBCZ.DE?

SNAW.DE tracks MSCI World ESG Screened, while IBCZ.DE tracks MSCI World Diversified Multiple-Factor. Their fees differ too: 0.20% for SNAW.DE and 0.50% for IBCZ.DE.