WDP.BR vs. IBCZ.DE

Last updated Jun 4, 2026

WDP.BR (Warehouses De Pauw NV) is a stock, while IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) is Global Equities fund tracking the MSCI World Diversified Multiple-Factor. Over the past 10 years, WDP.BR returned 8.67%/yr vs 11.49%/yr for IBCZ.DE. At a 0.31 correlation, their price movements are largely independent.

Performance

WDP.BR vs. IBCZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Warehouses De Pauw NV (WDP.BR) 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, WDP.BR achieves a 0.76% return, which is significantly lower than IBCZ.DE's 13.22% return. Over the past 10 years, WDP.BR has underperformed IBCZ.DE with an annualized return of 8.67%, while IBCZ.DE has yielded a comparatively higher 11.49% annualized return.

WDP.BR

• 1D: -1.38%
• 1M: -2.72%
• YTD: 0.76%
• 6M: 2.14%
• 1Y: 5.73%
• 3Y*: -4.29%
• 5Y*: -4.68%
• 10Y*: 8.67%

IBCZ.DE

• 1D: -0.44%
• 1M: 6.92%
• YTD: 13.22%
• 6M: 14.20%
• 1Y: 27.98%
• 3Y*: 18.79%
• 5Y*: 12.03%
• 10Y*: 11.49%

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

WDP.BR vs. IBCZ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WDP.BR Warehouses De Pauw NV	0.76%	20.94%	-31.22%	9.52%	-35.68%	52.06%	24.54%	44.26%	27.20%	13.76%
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)	13.22%	12.05%	24.09%	11.45%	-10.83%	31.27%	0.44%	24.79%	-8.31%	11.03%

Correlation

The correlation between WDP.BR and IBCZ.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015	0.31

Return for Risk

WDP.BR vs. IBCZ.DE — Risk / Return Rank

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

WDP.BR

WDP.BR Risk / Return Rank: 47
WDP.BR Sharpe Ratio Rank: 52
WDP.BR Sortino Ratio Rank: 43
WDP.BR Omega Ratio Rank: 42
WDP.BR Calmar Ratio Rank: 50
WDP.BR Martin Ratio Rank: 51

IBCZ.DE

IBCZ.DE Risk / Return Rank: 81
IBCZ.DE Sharpe Ratio Rank: 75
IBCZ.DE Sortino Ratio Rank: 76
IBCZ.DE Omega Ratio Rank: 76
IBCZ.DE Calmar Ratio Rank: 88
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.

WDP.BR vs. IBCZ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Warehouses De Pauw NV (WDP.BR) 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.

	WDP.BR	IBCZ.DE	Difference
Sharpe ratio Return per unit of total volatility	0.29	2.44	-2.15
Sortino ratio Return per unit of downside risk	0.54	3.43	-2.88
Omega ratio Gain probability vs. loss probability	1.07	1.45	-0.39
Calmar ratio Return relative to maximum drawdown	0.38	5.27	-4.89
Martin ratio Return relative to average drawdown	0.86	21.11	-20.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDP.BR vs. IBCZ.DE - Sharpe Ratio Comparison

The current WDP.BR Sharpe Ratio is 0.29, which is lower than the IBCZ.DE Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of WDP.BR 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

	WDP.BR	IBCZ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	2.44	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	0.84	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.75	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.69	-0.17

Drawdowns

WDP.BR vs. IBCZ.DE - Drawdown Comparison

The maximum WDP.BR drawdown since its inception was -53.49%, which is greater than IBCZ.DE's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for WDP.BR and IBCZ.DE.

Drawdown Indicators

	WDP.BR	IBCZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-53.49%	-33.99%	-19.50%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-5.29%	-9.69%
Max Drawdown (3Y) Largest decline over 3 years	-34.57%	-19.98%	-14.59%
Max Drawdown (5Y) Largest decline over 5 years	-53.49%	-19.98%	-33.51%
Max Drawdown (10Y) Largest decline over 10 years	-53.49%	-33.99%	-19.50%
Current Drawdown Current decline from peak	-40.96%	-0.44%	-40.52%
Average Drawdown Average peak-to-trough decline	-12.10%	-4.52%	-7.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.65%	1.32%	+5.33%

Volatility

WDP.BR vs. IBCZ.DE - Volatility Comparison

Warehouses De Pauw NV (WDP.BR) has a higher volatility of 5.27% compared to iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) at 3.05%. This indicates that WDP.BR's price experiences larger fluctuations and is considered to be riskier than IBCZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDP.BR	IBCZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	3.05%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	15.57%	8.16%	+7.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.53%	11.45%	+8.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.42%	14.11%	+11.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.83%	15.13%	+9.70%

Dividends

WDP.BR vs. IBCZ.DE - Dividend Comparison

WDP.BR's dividend yield for the trailing twelve months is around 4.01%, while IBCZ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WDP.BR Warehouses De Pauw NV	4.01%	3.80%	4.13%	2.46%	2.31%	1.33%	1.83%	2.07%	2.73%	3.19%	3.41%	3.14%

Frequently Asked Questions

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

WDP.BR and IBCZ.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.