XWEQ.DE vs. IBCZ.DE
XWEQ.DE (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) are both Global Equities funds - XWEQ.DE tracks the MSCI World Quality Low Carbon SRI Screened Select while IBCZ.DE tracks the MSCI World Diversified Multiple-Factor. Both are passively managed. Over the past year, XWEQ.DE returned 23.74% vs 27.80% for IBCZ.DE. Their correlation of 0.87 suggests significant overlap in exposure. XWEQ.DE charges 0.25%/yr vs 0.50%/yr for IBCZ.DE.
Performance
XWEQ.DE vs. IBCZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XWEQ.DE achieves a 9.71% return, which is significantly lower than IBCZ.DE's 13.04% return.
XWEQ.DE
- 1D
- 0.77%
- 1M
- 4.22%
- YTD
- 9.71%
- 6M
- 11.49%
- 1Y
- 23.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.84%
- YTD
- 13.04%
- 6M
- 13.70%
- 1Y
- 27.80%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
XWEQ.DE vs. IBCZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEQ.DE Xtrackers MSCI World Quality ESG UCITS ETF 1C | 9.71% | 4.46% | 25.97% | 0.47% |
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 4.65% |
Correlation
The correlation between XWEQ.DE and IBCZ.DE is 0.83, 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 | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023 | 0.87 |
The correlation between XWEQ.DE and IBCZ.DE has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
XWEQ.DE vs. IBCZ.DE — Risk / Return Rank
XWEQ.DE
IBCZ.DE
XWEQ.DE vs. IBCZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.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.
| XWEQ.DE | IBCZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 5.23 | -1.97 |
| Martin ratioReturn relative to average drawdown | 12.77 | 20.97 | -8.20 |
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
| XWEQ.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.42 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.69 | +0.21 |
Drawdowns
XWEQ.DE vs. IBCZ.DE - Drawdown Comparison
The maximum XWEQ.DE drawdown since its inception was -22.80%, smaller than the maximum IBCZ.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XWEQ.DE and IBCZ.DE.
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Drawdown Indicators
| XWEQ.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.80% | -33.99% | +11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -5.29% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.60% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -4.52% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.32% | +0.54% |
Volatility
XWEQ.DE vs. IBCZ.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.DE) is 2.76%, while iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a volatility of 3.05%. This indicates that XWEQ.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.
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Volatility by Period
| XWEQ.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 3.05% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 8.16% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 11.42% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 14.11% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 15.13% | +0.05% |
XWEQ.DE vs. IBCZ.DE - Expense Ratio Comparison
XWEQ.DE has a 0.25% expense ratio, which is lower than IBCZ.DE's 0.50% expense ratio.
Dividends
XWEQ.DE vs. IBCZ.DE - Dividend Comparison
Neither XWEQ.DE nor IBCZ.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEQ.DE and IBCZ.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEQ.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IBCZ.DE.
XWEQ.DE tracks MSCI World Quality Low Carbon SRI Screened Select, while IBCZ.DE tracks MSCI World Diversified Multiple-Factor. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWEQ.DE and 0.50% for IBCZ.DE.
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