IBCY.DE vs. VNRA.DE
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and VNRA.DE (Vanguard FTSE North America UCITS ETF (USD) Accumulating) are both Large Cap Blend Equities funds - IBCY.DE tracks the MSCI USA Diversified Multiple-Factor while VNRA.DE tracks the FTSE North America. Both are passively managed. Over the past 5 years, IBCY.DE returned 10.27%/yr vs 14.38%/yr for VNRA.DE. Their correlation of 0.91 suggests significant overlap in exposure. IBCY.DE charges 0.35%/yr vs 0.10%/yr for VNRA.DE.
Performance
IBCY.DE vs. VNRA.DE - Performance Comparison
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Returns By Period
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%
VNRA.DE
- 1D
- -0.02%
- 1M
- 4.57%
- YTD
- 11.15%
- 6M
- 10.70%
- 1Y
- 25.18%
- 3Y*
- 19.14%
- 5Y*
- 14.38%
- 10Y*
- —
IBCY.DE vs. VNRA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 6.81% |
VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating | 11.15% | 5.41% | 32.23% | 22.65% | -15.14% | 38.59% | 9.69% | 8.03% |
Correlation
The correlation between IBCY.DE and VNRA.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.91 |
Over the past year, the correlation between IBCY.DE and VNRA.DE has dropped to 0.55 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
IBCY.DE vs. VNRA.DE — Risk / Return Rank
IBCY.DE
VNRA.DE
IBCY.DE vs. VNRA.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 Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.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 | VNRA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.41 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.52 | +0.56 |
| Martin ratioReturn relative to average drawdown | 19.99 | 12.55 | +7.43 |
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 | VNRA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.19 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.93 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.87 | -0.24 |
Drawdowns
IBCY.DE vs. VNRA.DE - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, roughly equal to the maximum VNRA.DE drawdown of -34.48%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and VNRA.DE.
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Drawdown Indicators
| IBCY.DE | VNRA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -34.48% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -7.14% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -23.30% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -23.30% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.35% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -4.72% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.01% | -1.34% |
Volatility
IBCY.DE vs. VNRA.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.DE) has a volatility of 2.61%. This indicates that IBCY.DE experiences smaller price fluctuations and is considered to be less risky than VNRA.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 | VNRA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.61% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 7.47% | -7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 11.49% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 15.22% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 17.40% | -1.28% |
IBCY.DE vs. VNRA.DE - Expense Ratio Comparison
IBCY.DE has a 0.35% expense ratio, which is higher than VNRA.DE's 0.10% expense ratio.
Dividends
IBCY.DE vs. VNRA.DE - Dividend Comparison
Neither IBCY.DE nor VNRA.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% | 0.89% |
Frequently Asked Questions
IBCY.DE and VNRA.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VNRA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNRA.DE is cheaper with a 0.10% expense ratio, compared with 0.35% for IBCY.DE.
IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while VNRA.DE tracks FTSE North America. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for IBCY.DE and 0.10% for VNRA.DE.
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