IBCZ.DE vs. VFMF
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and VFMF (Vanguard U.S. Multifactor ETF) are both exchange-traded funds - IBCZ.DE is a Global Equities fund tracking the MSCI World Diversified Multiple-Factor, while VFMF is a Multi-factor fund managed by Vanguard. Over the past 5 years, IBCZ.DE returned 12.03%/yr vs 13.99%/yr for VFMF. A 0.58 correlation means they provide meaningful diversification when combined. IBCZ.DE charges 0.50%/yr vs 0.18%/yr for VFMF.
Performance
IBCZ.DE vs. VFMF - Performance Comparison
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Different Trading Currencies
IBCZ.DE is traded in EUR, while VFMF is traded in USD. To make them comparable, the VFMF values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCZ.DE achieves a 13.22% return, which is significantly lower than VFMF's 16.23% return.
IBCZ.DE
- 1D
- -0.44%
- 1M
- 6.92%
- YTD
- 13.22%
- 6M
- 14.20%
- 1Y
- 27.98%
- 3Y*
- 18.79%
- 5Y*
- 12.03%
- 10Y*
- 11.49%
VFMF
- 1D
- -0.23%
- 1M
- 3.78%
- YTD
- 16.23%
- 6M
- 16.69%
- 1Y
- 30.86%
- 3Y*
- 19.10%
- 5Y*
- 13.99%
- 10Y*
- —
IBCZ.DE vs. VFMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.22% | 12.05% | 24.09% | 11.45% | -10.83% | 31.27% | 0.44% | 24.79% | -4.85% |
VFMF Vanguard U.S. Multifactor ETF | 16.23% | 3.45% | 23.23% | 14.97% | 0.15% | 39.78% | -3.66% | 25.11% | -3.22% |
Correlation
The correlation between IBCZ.DE and VFMF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2018 | 0.58 |
The correlation between IBCZ.DE and VFMF shifts across timeframes, from 0.47 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCZ.DE vs. VFMF — Risk / Return Rank
IBCZ.DE
VFMF
IBCZ.DE vs. VFMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) and Vanguard U.S. Multifactor ETF (VFMF). 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.
| IBCZ.DE | VFMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.42 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 5.78 | -0.51 |
| Martin ratioReturn relative to average drawdown | 21.11 | 21.26 | -0.15 |
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
| IBCZ.DE | VFMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 2.33 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.78 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.61 | +0.07 |
Drawdowns
IBCZ.DE vs. VFMF - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, smaller than the maximum VFMF drawdown of -40.07%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and VFMF.
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Drawdown Indicators
| IBCZ.DE | VFMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -40.07% | +6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -5.37% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -24.59% | +4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -24.59% | +4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.23% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -5.93% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.46% | -0.14% |
Volatility
IBCZ.DE vs. VFMF - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a higher volatility of 3.05% compared to Vanguard U.S. Multifactor ETF (VFMF) at 2.61%. This indicates that IBCZ.DE's price experiences larger fluctuations and is considered to be riskier than VFMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCZ.DE | VFMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.61% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 8.97% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 13.35% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 17.97% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 21.42% | -6.29% |
IBCZ.DE vs. VFMF - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than VFMF's 0.18% expense ratio.
Dividends
IBCZ.DE vs. VFMF - Dividend Comparison
IBCZ.DE has not paid dividends to shareholders, while VFMF's dividend yield for the trailing twelve months is around 1.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFMF Vanguard U.S. Multifactor ETF | 1.37% | 1.54% | 1.60% | 1.78% | 2.21% | 1.39% | 1.56% | 1.61% | 1.22% |
Frequently Asked Questions
IBCZ.DE and VFMF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFMF is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFMF is cheaper with a 0.18% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE is categorized as Global Equities, while VFMF is Multi-factor. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for IBCZ.DE and 0.18% for VFMF.
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