UBUT.DE vs. IBCY.DE
UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - UBUT.DE tracks the MSCI USA Quality while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 10 years, UBUT.DE returned 15.97%/yr vs 11.22%/yr for IBCY.DE. Their correlation of 0.89 suggests significant overlap in exposure. UBUT.DE charges 0.25%/yr vs 0.35%/yr for IBCY.DE.
Performance
UBUT.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
Over the past 10 years, UBUT.DE has outperformed IBCY.DE with an annualized return of 15.97%, while IBCY.DE has yielded a comparatively lower 11.22% annualized return.
UBUT.DE
- 1D
- 0.48%
- 1M
- 6.45%
- YTD
- 11.13%
- 6M
- 11.84%
- 1Y
- 26.41%
- 3Y*
- 18.17%
- 5Y*
- 14.55%
- 10Y*
- 15.97%
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%
UBUT.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 11.13% | 4.89% | 28.17% | 31.45% | -19.44% | 39.51% | 10.45% | 41.33% | 0.89% | 9.85% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 28.63% | -6.73% | 6.21% |
Correlation
The correlation between UBUT.DE and IBCY.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015 | 0.89 |
Over the past year, the correlation between UBUT.DE and IBCY.DE has dropped to 0.53 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
UBUT.DE vs. IBCY.DE — Risk / Return Rank
UBUT.DE
IBCY.DE
UBUT.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.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.
| UBUT.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.56 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 4.08 | -1.23 |
| Martin ratioReturn relative to average drawdown | 10.00 | 19.99 | -9.99 |
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
| UBUT.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.70 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.69 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.69 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.63 | +0.26 |
Drawdowns
UBUT.DE vs. IBCY.DE - Drawdown Comparison
The maximum UBUT.DE drawdown since its inception was -30.47%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for UBUT.DE and IBCY.DE.
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Drawdown Indicators
| UBUT.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -35.54% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -3.26% | -5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -22.91% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -22.91% | -1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -30.47% | -35.54% | +5.07% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.95% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.67% | +1.96% |
Volatility
UBUT.DE vs. IBCY.DE - Volatility Comparison
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) has a higher volatility of 3.48% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that UBUT.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
| UBUT.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 0.00% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 0.00% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 7.99% | +5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 14.77% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 16.12% | +0.82% |
UBUT.DE vs. IBCY.DE - Expense Ratio Comparison
UBUT.DE has a 0.25% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
UBUT.DE vs. IBCY.DE - Dividend Comparison
UBUT.DE's dividend yield for the trailing twelve months is around 0.35%, while IBCY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.35% | 0.42% | 0.60% | 0.78% | 0.78% | 0.62% | 0.88% | 0.66% | 1.07% | 0.85% | 0.96% |
Frequently Asked Questions
UBUT.DE and IBCY.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBUT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBUT.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for IBCY.DE.
UBUT.DE tracks MSCI USA Quality, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: UBS and iShares. Their fees differ too: 0.25% for UBUT.DE and 0.35% for IBCY.DE.
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