XZMU.DE vs. IBCY.DE
XZMU.DE (Xtrackers MSCI USA ESG UCITS ETF 1C) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - XZMU.DE tracks the MSCI USA Low Carbon SRI Leaders while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, XZMU.DE returned 14.63%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.88 suggests significant overlap in exposure. XZMU.DE charges 0.15%/yr vs 0.35%/yr for IBCY.DE.
Performance
XZMU.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
XZMU.DE
- 1D
- 0.69%
- 1M
- 5.33%
- YTD
- 8.21%
- 6M
- 9.17%
- 1Y
- 23.46%
- 3Y*
- 18.71%
- 5Y*
- 14.63%
- 10Y*
- —
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%
XZMU.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XZMU.DE Xtrackers MSCI USA ESG UCITS ETF 1C | 8.21% | 5.12% | 32.57% | 26.56% | -17.86% | 45.90% | 9.13% | 36.81% | -5.06% |
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% | -6.54% |
Correlation
The correlation between XZMU.DE and IBCY.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2018 | 0.88 |
Over the past year, the correlation between XZMU.DE and IBCY.DE has dropped to 0.50 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
XZMU.DE vs. IBCY.DE — Risk / Return Rank
XZMU.DE
IBCY.DE
XZMU.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA ESG UCITS ETF 1C (XZMU.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.
| XZMU.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.56 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 4.08 | -1.92 |
| Martin ratioReturn relative to average drawdown | 7.62 | 19.99 | -12.36 |
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
| XZMU.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.70 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.69 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.63 | +0.31 |
Drawdowns
XZMU.DE vs. IBCY.DE - Drawdown Comparison
The maximum XZMU.DE drawdown since its inception was -33.82%, roughly equal to the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for XZMU.DE and IBCY.DE.
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Drawdown Indicators
| XZMU.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -35.54% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -3.26% | -7.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -22.91% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | -22.91% | -1.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.48% | 0.00% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -4.95% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 0.67% | +2.40% |
Volatility
XZMU.DE vs. IBCY.DE - Volatility Comparison
Xtrackers MSCI USA ESG UCITS ETF 1C (XZMU.DE) has a higher volatility of 3.08% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that XZMU.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
| XZMU.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 0.00% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 0.00% | +8.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 7.99% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 14.77% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.89% | 16.12% | +1.77% |
XZMU.DE vs. IBCY.DE - Expense Ratio Comparison
XZMU.DE has a 0.15% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
XZMU.DE vs. IBCY.DE - Dividend Comparison
Neither XZMU.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
XZMU.DE and IBCY.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, XZMU.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZMU.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for IBCY.DE.
XZMU.DE tracks MSCI USA Low Carbon SRI Leaders, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XZMU.DE and 0.35% for IBCY.DE.
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