IBC3.DE vs. VGWD.DE
IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - IBC3.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield index. Both are passively managed. Over the past 5 years, IBC3.DE returned 8.85%/yr vs 11.49%/yr for VGWD.DE. A 0.68 correlation means they provide meaningful diversification when combined. IBC3.DE charges 0.18%/yr vs 0.29%/yr for VGWD.DE.
Performance
IBC3.DE vs. VGWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC3.DE achieves a 25.91% return, which is significantly higher than VGWD.DE's 12.49% return.
IBC3.DE
- 1D
- -1.44%
- 1M
- 3.09%
- YTD
- 25.91%
- 6M
- 26.49%
- 1Y
- 46.24%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
VGWD.DE
- 1D
- 0.19%
- 1M
- 2.31%
- YTD
- 12.49%
- 6M
- 13.87%
- 1Y
- 25.22%
- 3Y*
- 15.87%
- 5Y*
- 11.49%
- 10Y*
- —
IBC3.DE vs. VGWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | 7.38% | 7.44% | 21.30% | -9.19% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 12.49% | 13.16% | 15.75% | 7.29% | 0.08% | 27.90% | -9.60% | 25.03% | -3.26% |
Correlation
The correlation between IBC3.DE and VGWD.DE 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 | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.68 |
The correlation between IBC3.DE and VGWD.DE has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
IBC3.DE vs. VGWD.DE — Risk / Return Rank
IBC3.DE
VGWD.DE
IBC3.DE vs. VGWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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.
| IBC3.DE | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 4.28 | +0.24 |
| Martin ratioReturn relative to average drawdown | 16.28 | 16.37 | -0.08 |
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
| IBC3.DE | VGWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.70 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.99 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.64 | -0.17 |
Drawdowns
IBC3.DE vs. VGWD.DE - Drawdown Comparison
The maximum IBC3.DE drawdown since its inception was -31.89%, smaller than the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for IBC3.DE and VGWD.DE.
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Drawdown Indicators
| IBC3.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.89% | -34.57% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -5.82% | -4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.08% | -16.86% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -16.86% | -5.09% |
Current DrawdownCurrent decline from peak | -2.52% | -0.32% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -4.05% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.52% | +1.37% |
Volatility
IBC3.DE vs. VGWD.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a higher volatility of 7.06% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.33%. This indicates that IBC3.DE's price experiences larger fluctuations and is considered to be riskier than VGWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC3.DE | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 2.33% | +4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 6.95% | +7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 9.21% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 11.52% | +4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 14.23% | +4.19% |
IBC3.DE vs. VGWD.DE - Expense Ratio Comparison
IBC3.DE has a 0.18% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.
Dividends
IBC3.DE vs. VGWD.DE - Dividend Comparison
IBC3.DE's dividend yield for the trailing twelve months is around 1.88%, less than VGWD.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% | 0.00% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.49% | 2.84% | 3.05% | 3.39% | 3.78% | 3.03% | 3.08% | 3.21% | 3.70% | 0.58% |
Frequently Asked Questions
IBC3.DE and VGWD.DE 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, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.29% for VGWD.DE.
IBC3.DE is categorized as Emerging Markets Equities, while VGWD.DE is Global Equities. IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI), while VGWD.DE tracks FTSE All-World High Dividend Yield index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IBC3.DE and 0.29% for VGWD.DE.
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