BRIC.AS vs. VWO
BRIC.AS (iShares BIC 50 UCITS ETF) and VWO (Vanguard FTSE Emerging Markets ETF) are both Emerging Markets Equities funds - BRIC.AS tracks the FTSE BIC 50 Net of Tax Index while VWO tracks the FTSE Emerging Index. Both are passively managed. Over the past 10 years, BRIC.AS returned 2.05%/yr vs 8.64%/yr for VWO. A 0.65 correlation means they provide meaningful diversification when combined. BRIC.AS charges 0.74%/yr vs 0.08%/yr for VWO.
Performance
BRIC.AS vs. VWO - Performance Comparison
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Different Trading Currencies
BRIC.AS is traded in EUR, while VWO is traded in USD. To make them comparable, the VWO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BRIC.AS achieves a -16.10% return, which is significantly lower than VWO's 13.17% return. Over the past 10 years, BRIC.AS has underperformed VWO with an annualized return of 2.05%, while VWO has yielded a comparatively higher 8.64% annualized return.
BRIC.AS
- 1D
- -2.87%
- 1M
- -9.79%
- YTD
- -16.10%
- 6M
- -16.03%
- 1Y
- -11.96%
- 3Y*
- 3.10%
- 5Y*
- -9.03%
- 10Y*
- 2.05%
VWO
- 1D
- -0.36%
- 1M
- 0.02%
- YTD
- 13.17%
- 6M
- 13.65%
- 1Y
- 26.00%
- 3Y*
- 15.32%
- 5Y*
- 5.75%
- 10Y*
- 8.64%
BRIC.AS vs. VWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRIC.AS iShares BIC 50 UCITS ETF | -16.10% | 15.29% | 19.91% | -10.17% | -24.74% | -17.47% | 9.83% | 24.15% | -4.06% | 20.26% |
VWO Vanguard FTSE Emerging Markets ETF | 13.17% | 10.70% | 17.89% | 5.98% | -12.90% | 8.83% | 5.68% | 23.48% | -10.76% | 15.33% |
Correlation
The correlation between BRIC.AS and VWO is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2007 | 0.65 |
The correlation between BRIC.AS and VWO shifts across timeframes, from 0.58 (1 year) to 0.68 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BRIC.AS vs. VWO — Risk / Return Rank
BRIC.AS
VWO
BRIC.AS vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BIC 50 UCITS ETF (BRIC.AS) and Vanguard FTSE Emerging Markets ETF (VWO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRIC.AS | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.31 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.88 | -3.36 |
| Martin ratioReturn relative to average drawdown | -1.21 | 9.90 | -11.10 |
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Drawdowns
BRIC.AS vs. VWO - Drawdown Comparison
The maximum BRIC.AS drawdown since its inception was -73.80%, which is greater than VWO's maximum drawdown of -62.50%. Use the drawdown chart below to compare losses from any high point for BRIC.AS and VWO.
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Drawdown Indicators
| BRIC.AS | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -62.50% | -11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -24.22% | -9.08% | -15.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.22% | -17.82% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -52.42% | -19.58% | -32.84% |
Max Drawdown (10Y)Largest decline over 10 years | -58.58% | -31.80% | -26.78% |
Current DrawdownCurrent decline from peak | -46.01% | -3.48% | -42.53% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -12.67% | -21.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.86% | 2.63% | +7.23% |
Volatility
BRIC.AS vs. VWO - Volatility Comparison
iShares BIC 50 UCITS ETF (BRIC.AS) and Vanguard FTSE Emerging Markets ETF (VWO) have volatilities of 6.19% and 6.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRIC.AS | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 6.43% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 13.07% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 15.61% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 16.02% | +12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 18.51% | +7.08% |
BRIC.AS vs. VWO - Expense Ratio Comparison
BRIC.AS has a 0.74% expense ratio, which is higher than VWO's 0.08% expense ratio.
Dividends
BRIC.AS vs. VWO - Dividend Comparison
BRIC.AS's dividend yield for the trailing twelve months is around 1.74%, less than VWO's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRIC.AS iShares BIC 50 UCITS ETF | 1.74% | 1.78% | 2.75% | 2.64% | 3.71% | 1.56% | 1.49% | 2.06% | 2.99% | 1.98% | 1.84% | 2.72% |
VWO Vanguard FTSE Emerging Markets ETF | 2.35% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
BRIC.AS and VWO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWO is cheaper with a 0.08% expense ratio, compared with 0.74% for BRIC.AS.
BRIC.AS tracks FTSE BIC 50 Net of Tax Index, while VWO tracks FTSE Emerging Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.74% for BRIC.AS and 0.08% for VWO.
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