XMLC.DE vs. IBC0.DE
XMLC.DE (L&G Clean Water UCITS ETF) and IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) are both exchange-traded funds - XMLC.DE is a Water Equities fund tracking the Solactive Clean Water, while IBC0.DE is a Europe Equities fund tracking the MSCI Europe Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, XMLC.DE returned 6.47%/yr vs 10.54%/yr for IBC0.DE. A 0.69 correlation means they provide meaningful diversification when combined. XMLC.DE charges 0.49%/yr vs 0.45%/yr for IBC0.DE.
Performance
XMLC.DE vs. IBC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLC.DE achieves a 2.11% return, which is significantly lower than IBC0.DE's 9.99% return.
XMLC.DE
- 1D
- 0.01%
- 1M
- -1.48%
- YTD
- 2.11%
- 6M
- 1.67%
- 1Y
- 6.86%
- 3Y*
- 8.21%
- 5Y*
- 6.47%
- 10Y*
- —
IBC0.DE
- 1D
- 0.63%
- 1M
- 2.48%
- YTD
- 9.99%
- 6M
- 13.38%
- 1Y
- 20.27%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
XMLC.DE vs. IBC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLC.DE L&G Clean Water UCITS ETF | 2.11% | 3.88% | 9.96% | 17.08% | -12.64% | 37.15% | 7.97% | 11.56% |
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 9.00% |
Correlation
The correlation between XMLC.DE and IBC0.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019 | 0.69 |
The correlation between XMLC.DE and IBC0.DE has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.
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Return for Risk
XMLC.DE vs. IBC0.DE — Risk / Return Rank
XMLC.DE
IBC0.DE
XMLC.DE vs. IBC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (XMLC.DE) and iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.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.
| XMLC.DE | IBC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.30 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 2.56 | -1.94 |
| Martin ratioReturn relative to average drawdown | 1.60 | 9.54 | -7.94 |
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
| XMLC.DE | IBC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.59 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.71 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.58 | -0.02 |
Drawdowns
XMLC.DE vs. IBC0.DE - Drawdown Comparison
The maximum XMLC.DE drawdown since its inception was -35.25%, smaller than the maximum IBC0.DE drawdown of -37.22%. Use the drawdown chart below to compare losses from any high point for XMLC.DE and IBC0.DE.
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Drawdown Indicators
| XMLC.DE | IBC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.25% | -37.22% | +1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -7.87% | -3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -15.28% | -4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -24.64% | +4.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.22% | — |
Current DrawdownCurrent decline from peak | -7.57% | -1.53% | -6.04% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -5.79% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 2.12% | +2.16% |
Volatility
XMLC.DE vs. IBC0.DE - Volatility Comparison
The current volatility for L&G Clean Water UCITS ETF (XMLC.DE) is 4.03%, while iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) has a volatility of 4.25%. This indicates that XMLC.DE experiences smaller price fluctuations and is considered to be less risky than IBC0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLC.DE | IBC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 4.25% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 10.49% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 12.68% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 14.81% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 16.32% | +2.34% |
XMLC.DE vs. IBC0.DE - Expense Ratio Comparison
XMLC.DE has a 0.49% expense ratio, which is higher than IBC0.DE's 0.45% expense ratio.
Dividends
XMLC.DE vs. IBC0.DE - Dividend Comparison
Neither XMLC.DE nor IBC0.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLC.DE and IBC0.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC0.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC0.DE is cheaper with a 0.45% expense ratio, compared with 0.49% for XMLC.DE.
XMLC.DE is categorized as Water Equities, while IBC0.DE is Europe Equities. XMLC.DE tracks Solactive Clean Water, while IBC0.DE tracks MSCI Europe Diversified Multiple-Factor. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for XMLC.DE and 0.45% for IBC0.DE.
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