IBCY.DE vs. GMVM.DE
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) are both Large Cap Blend Equities funds - IBCY.DE tracks the MSCI USA Diversified Multiple-Factor while GMVM.DE tracks the Morningstar US Sustainable Moat Focus. Both are passively managed. Over the past 10 years, IBCY.DE returned 11.22%/yr vs 10.29%/yr for GMVM.DE. Their correlation of 0.85 suggests significant overlap in exposure. IBCY.DE charges 0.35%/yr vs 0.49%/yr for GMVM.DE.
Performance
IBCY.DE vs. GMVM.DE - Performance Comparison
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Returns By Period
Over the past 10 years, IBCY.DE has outperformed GMVM.DE with an annualized return of 11.22%, while GMVM.DE has yielded a comparatively lower 10.29% annualized return.
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%
GMVM.DE
- 1D
- 0.97%
- 1M
- 2.94%
- YTD
- -1.57%
- 6M
- -3.00%
- 1Y
- 6.57%
- 3Y*
- 5.24%
- 5Y*
- 4.14%
- 10Y*
- 10.29%
IBCY.DE vs. GMVM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -6.73% | 6.21% |
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -1.57% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | 2.73% | 38.45% | 2.27% | 7.97% |
Correlation
The correlation between IBCY.DE and GMVM.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2015 | 0.85 |
Over the past year, the correlation between IBCY.DE and GMVM.DE has dropped to 0.33 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
IBCY.DE vs. GMVM.DE — Risk / Return Rank
IBCY.DE
GMVM.DE
IBCY.DE vs. GMVM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.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.
| IBCY.DE | GMVM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.09 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 0.58 | +3.50 |
| Martin ratioReturn relative to average drawdown | 19.99 | 1.37 | +18.61 |
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
| IBCY.DE | GMVM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 0.48 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.27 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.62 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.62 | +0.02 |
Drawdowns
IBCY.DE vs. GMVM.DE - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, which is greater than GMVM.DE's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and GMVM.DE.
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Drawdown Indicators
| IBCY.DE | GMVM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -32.25% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -11.00% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -25.74% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -25.74% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -32.25% | -3.29% |
Current DrawdownCurrent decline from peak | 0.00% | -10.18% | +10.18% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -5.85% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 4.69% | -4.02% |
Volatility
IBCY.DE vs. GMVM.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) has a volatility of 3.23%. This indicates that IBCY.DE experiences smaller price fluctuations and is considered to be less risky than GMVM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCY.DE | GMVM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.23% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 8.82% | -8.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 13.33% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 15.26% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 16.54% | -0.42% |
IBCY.DE vs. GMVM.DE - Expense Ratio Comparison
IBCY.DE has a 0.35% expense ratio, which is lower than GMVM.DE's 0.49% expense ratio.
Dividends
IBCY.DE vs. GMVM.DE - Dividend Comparison
Neither IBCY.DE nor GMVM.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCY.DE and GMVM.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCY.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCY.DE is cheaper with a 0.35% expense ratio, compared with 0.49% for GMVM.DE.
IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while GMVM.DE tracks Morningstar US Sustainable Moat Focus. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.35% for IBCY.DE and 0.49% for GMVM.DE.
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