ZSRM.DE vs. IBCY.DE
ZSRM.DE (BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - ZSRM.DE tracks the MSCI USA SRI S-Series PAB 5% Capped while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 3 years, ZSRM.DE returned 9.90%/yr vs 13.97%/yr for IBCY.DE. Their correlation of 0.82 suggests significant overlap in exposure. ZSRM.DE charges 0.25%/yr vs 0.35%/yr for IBCY.DE.
Performance
ZSRM.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
ZSRM.DE
- 1D
- 0.72%
- 1M
- 6.90%
- YTD
- 10.14%
- 6M
- 9.61%
- 1Y
- 11.04%
- 3Y*
- 9.90%
- 5Y*
- —
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.22%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
ZSRM.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZSRM.DE BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 10.14% | -6.25% | 17.05% | 19.31% | -8.53% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -5.50% |
Correlation
The correlation between ZSRM.DE and IBCY.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.82 |
Over the past year, the correlation between ZSRM.DE and IBCY.DE has dropped to 0.39 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
ZSRM.DE vs. IBCY.DE — Risk / Return Rank
ZSRM.DE
IBCY.DE
ZSRM.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.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.
| ZSRM.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.56 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 4.08 | -2.80 |
| Martin ratioReturn relative to average drawdown | 3.54 | 19.99 | -16.44 |
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
| ZSRM.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.70 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.63 | -0.22 |
Drawdowns
ZSRM.DE vs. IBCY.DE - Drawdown Comparison
The maximum ZSRM.DE drawdown since its inception was -23.72%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for ZSRM.DE and IBCY.DE.
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Drawdown Indicators
| ZSRM.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -35.54% | +11.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -3.26% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.72% | -22.91% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -1.84% | 0.00% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -4.95% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 0.67% | +2.46% |
Volatility
ZSRM.DE vs. IBCY.DE - Volatility Comparison
BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) has a higher volatility of 3.16% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that ZSRM.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
| ZSRM.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 0.00% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 0.00% | +8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 7.99% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 14.77% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 16.12% | -0.24% |
ZSRM.DE vs. IBCY.DE - Expense Ratio Comparison
ZSRM.DE has a 0.25% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
ZSRM.DE vs. IBCY.DE - Dividend Comparison
Neither ZSRM.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZSRM.DE and IBCY.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZSRM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZSRM.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for IBCY.DE.
ZSRM.DE tracks MSCI USA SRI S-Series PAB 5% Capped, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.25% for ZSRM.DE and 0.35% for IBCY.DE.
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