IBTM vs. VWCE.DE
IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - IBTM is a Intermediate Core Bond fund tracking the ICE 2032 Maturity US Treasury Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, IBTM returned 3.05%/yr vs 19.75%/yr for VWCE.DE. At a 0.17 correlation, their price movements are largely independent. IBTM charges 0.07%/yr vs 0.19%/yr for VWCE.DE.
Performance
IBTM vs. VWCE.DE - Performance Comparison
Loading charts...
Different Trading Currencies
IBTM is traded in USD, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTM achieves a -0.36% return, which is significantly lower than VWCE.DE's 10.00% return.
IBTM
- 1D
- -0.22%
- 1M
- 0.15%
- YTD
- -0.36%
- 6M
- -0.07%
- 1Y
- 3.66%
- 3Y*
- 3.05%
- 5Y*
- —
- 10Y*
- —
VWCE.DE
- 1D
- 1.71%
- 1M
- 0.00%
- YTD
- 10.00%
- 6M
- 11.71%
- 1Y
- 26.52%
- 3Y*
- 19.75%
- 5Y*
- 10.87%
- 10Y*
- —
IBTM vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.36% | 8.06% | -0.14% | 3.48% | -5.01% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 10.00% | 23.23% | 17.30% | 21.91% | 0.67% |
Correlation
The correlation between IBTM and VWCE.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.17 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBTM vs. VWCE.DE — Risk / Return Rank
IBTM
VWCE.DE
IBTM vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBTM | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.86 | -1.83 |
| Martin ratioReturn relative to average drawdown | 2.81 | 11.93 | -9.12 |
Loading charts...
Drawdowns
IBTM vs. VWCE.DE - Drawdown Comparison
The maximum IBTM drawdown since its inception was -13.60%, smaller than the maximum VWCE.DE drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for IBTM and VWCE.DE.
Loading charts...
Drawdown Indicators
| IBTM | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -33.91% | +20.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -8.91% | +5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -17.27% | +9.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.11% | — |
Current DrawdownCurrent decline from peak | -2.24% | -2.01% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -5.43% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.14% | -0.95% |
Volatility
IBTM vs. VWCE.DE - Volatility Comparison
The current volatility for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is 1.30%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.93%. This indicates that IBTM experiences smaller price fluctuations and is considered to be less risky than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTM | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 3.93% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 9.70% | -6.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 12.46% | -8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 15.33% | -7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 17.33% | -9.79% |
IBTM vs. VWCE.DE - Expense Ratio Comparison
IBTM has a 0.07% expense ratio, which is lower than VWCE.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTM vs. VWCE.DE - Dividend Comparison
IBTM's dividend yield for the trailing twelve months is around 3.95%, while VWCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTM and VWCE.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTM is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM is cheaper with a 0.07% expense ratio, compared with 0.19% for VWCE.DE.
IBTM is categorized as Intermediate Core Bond, while VWCE.DE is Global Equities. IBTM tracks ICE 2032 Maturity US Treasury Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTM and 0.19% for VWCE.DE.
Find the right allocation for IBTM and VWCE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer