V3MA.DE vs. IBC3.DE
V3MA.DE (Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating) and IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) are both Emerging Markets Equities funds - V3MA.DE tracks the FTSE Emerging All Cap Choice while IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past year, V3MA.DE returned 31.20% vs 47.26% for IBC3.DE. Their correlation of 0.93 suggests significant overlap in exposure. V3MA.DE charges 0.24%/yr vs 0.18%/yr for IBC3.DE.
Performance
V3MA.DE vs. IBC3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V3MA.DE achieves a 16.20% return, which is significantly lower than IBC3.DE's 25.91% return.
V3MA.DE
- 1D
- -0.58%
- 1M
- 3.08%
- YTD
- 16.20%
- 6M
- 17.26%
- 1Y
- 31.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBC3.DE
- 1D
- -1.44%
- 1M
- 5.28%
- YTD
- 25.91%
- 6M
- 27.63%
- 1Y
- 47.26%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
V3MA.DE vs. IBC3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating | 16.20% | 10.67% | 1.36% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | -0.45% |
Correlation
The correlation between V3MA.DE and IBC3.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024 | 0.93 |
The correlation between V3MA.DE and IBC3.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
V3MA.DE vs. IBC3.DE — Risk / Return Rank
V3MA.DE
IBC3.DE
V3MA.DE vs. IBC3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.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.
| V3MA.DE | IBC3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.49 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 4.51 | -1.06 |
| Martin ratioReturn relative to average drawdown | 11.63 | 16.28 | -4.66 |
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
| V3MA.DE | IBC3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.71 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.47 | +0.65 |
Drawdowns
V3MA.DE vs. IBC3.DE - Drawdown Comparison
The maximum V3MA.DE drawdown since its inception was -19.79%, smaller than the maximum IBC3.DE drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for V3MA.DE and IBC3.DE.
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Drawdown Indicators
| V3MA.DE | IBC3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -31.89% | +12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -10.42% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.95% | — |
Current DrawdownCurrent decline from peak | -1.50% | -2.52% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -7.84% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.89% | -0.21% |
Volatility
V3MA.DE vs. IBC3.DE - Volatility Comparison
The current volatility for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) is 5.43%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a volatility of 7.06%. This indicates that V3MA.DE experiences smaller price fluctuations and is considered to be less risky than IBC3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3MA.DE | IBC3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 7.06% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 14.60% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 17.37% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.23% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 18.42% | -1.59% |
V3MA.DE vs. IBC3.DE - Expense Ratio Comparison
V3MA.DE has a 0.24% expense ratio, which is higher than IBC3.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
V3MA.DE vs. IBC3.DE - Dividend Comparison
V3MA.DE has not paid dividends to shareholders, while IBC3.DE's dividend yield for the trailing twelve months is around 1.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% |
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, V3MA.DE and IBC3.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, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.24% for V3MA.DE.
V3MA.DE tracks FTSE Emerging All Cap Choice, while IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3MA.DE and 0.18% for IBC3.DE.
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