UDIV.DE vs. IBC3.DE
UDIV.DE (Global X SuperDividend UCITS ETF USD Distributing) and IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) are both exchange-traded funds - UDIV.DE is a Dividend fund tracking the Solactive Global SuperDividend Index, while IBC3.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 3 years, UDIV.DE returned 16.38%/yr vs 20.30%/yr for IBC3.DE. A 0.58 correlation means they provide meaningful diversification when combined. UDIV.DE charges 0.45%/yr vs 0.18%/yr for IBC3.DE.
Performance
UDIV.DE vs. IBC3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UDIV.DE achieves a 7.97% return, which is significantly lower than IBC3.DE's 25.91% return.
UDIV.DE
- 1D
- 0.37%
- 1M
- -3.13%
- YTD
- 7.97%
- 6M
- 7.08%
- 1Y
- 23.35%
- 3Y*
- 16.38%
- 5Y*
- —
- 10Y*
- —
IBC3.DE
- 1D
- -1.44%
- 1M
- 5.28%
- YTD
- 25.91%
- 6M
- 27.63%
- 1Y
- 47.26%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
UDIV.DE vs. IBC3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDIV.DE Global X SuperDividend UCITS ETF USD Distributing | 7.97% | 14.37% | 8.92% | 9.15% | -21.91% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -15.13% |
Correlation
The correlation between UDIV.DE and IBC3.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.58 |
The correlation between UDIV.DE and IBC3.DE has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
UDIV.DE vs. IBC3.DE — Risk / Return Rank
UDIV.DE
IBC3.DE
UDIV.DE vs. IBC3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend UCITS ETF USD Distributing (UDIV.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.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.
| UDIV.DE | IBC3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.49 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 4.51 | +0.47 |
| Martin ratioReturn relative to average drawdown | 18.99 | 16.28 | +2.71 |
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
| UDIV.DE | IBC3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.71 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.47 | -0.26 |
Drawdowns
UDIV.DE vs. IBC3.DE - Drawdown Comparison
The maximum UDIV.DE drawdown since its inception was -29.76%, smaller than the maximum IBC3.DE drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for UDIV.DE and IBC3.DE.
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Drawdown Indicators
| UDIV.DE | IBC3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.76% | -31.89% | +2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -10.42% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | -19.08% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.95% | — |
Current DrawdownCurrent decline from peak | -3.13% | -2.52% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -7.84% | -3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.89% | -1.66% |
Volatility
UDIV.DE vs. IBC3.DE - Volatility Comparison
The current volatility for Global X SuperDividend UCITS ETF USD Distributing (UDIV.DE) is 2.35%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a volatility of 7.06%. This indicates that UDIV.DE experiences smaller price fluctuations and is considered to be less risky than IBC3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDIV.DE | IBC3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 7.06% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.78% | 14.60% | -7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.07% | 17.37% | -7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 16.23% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 18.42% | -3.09% |
UDIV.DE vs. IBC3.DE - Expense Ratio Comparison
UDIV.DE has a 0.45% expense ratio, which is higher than IBC3.DE's 0.18% expense ratio.
Dividends
UDIV.DE vs. IBC3.DE - Dividend Comparison
UDIV.DE's dividend yield for the trailing twelve months is around 9.17%, more than IBC3.DE's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% |
UDIV.DE Global X SuperDividend UCITS ETF USD Distributing | 9.17% | 9.75% | 14.48% | 18.90% | 8.94% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UDIV.DE and IBC3.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for UDIV.DE.
UDIV.DE is categorized as Dividend, while IBC3.DE is Emerging Markets Equities. UDIV.DE tracks Solactive Global SuperDividend Index, while IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Global X and iShares. Their fees differ too: 0.45% for UDIV.DE and 0.18% for IBC3.DE.
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