IBCZ.DE vs. VWCE.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - IBCZ.DE tracks the MSCI World Diversified Multiple-Factor while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, IBCZ.DE returned 12.00%/yr vs 12.28%/yr for VWCE.DE. Their correlation of 0.94 suggests significant overlap in exposure. IBCZ.DE charges 0.50%/yr vs 0.19%/yr for VWCE.DE.
Performance
IBCZ.DE vs. VWCE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBCZ.DE having a 13.04% return and VWCE.DE slightly lower at 12.64%.
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.84%
- YTD
- 13.04%
- 6M
- 13.70%
- 1Y
- 27.80%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
IBCZ.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -10.83% | 31.27% | 0.44% | 5.42% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Correlation
The correlation between IBCZ.DE and VWCE.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.94 |
The correlation between IBCZ.DE and VWCE.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
IBCZ.DE vs. VWCE.DE — Risk / Return Rank
IBCZ.DE
VWCE.DE
IBCZ.DE vs. VWCE.DE - 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 FTSE All-World UCITS ETF (VWCE.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.
| IBCZ.DE | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 4.01 | +1.22 |
| Martin ratioReturn relative to average drawdown | 20.97 | 16.55 | +4.42 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.31 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.88 | -0.04 |
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 | 0.79 | -0.10 |
Drawdowns
IBCZ.DE vs. VWCE.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and VWCE.DE.
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Drawdown Indicators
| IBCZ.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -33.43% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -6.55% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -21.07% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -21.07% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -0.66% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -4.69% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.59% | -0.27% |
Volatility
IBCZ.DE vs. VWCE.DE - Volatility Comparison
iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE) have volatilities of 3.05% and 3.06%, 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
| IBCZ.DE | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.06% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 8.18% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 11.37% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 13.75% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 16.16% | -1.03% |
IBCZ.DE vs. VWCE.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
IBCZ.DE vs. VWCE.DE - Dividend Comparison
Neither IBCZ.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, IBCZ.DE and VWCE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.50% for IBCZ.DE.
IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for IBCZ.DE and 0.19% for VWCE.DE.
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