VERE.DE vs. IBCJ.DE
VERE.DE (Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - VERE.DE tracks the FTSE Developed Europe ex UK while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, VERE.DE returned 9.33%/yr vs 14.80%/yr for IBCJ.DE. A 0.61 correlation means they provide meaningful diversification when combined. VERE.DE charges 0.10%/yr vs 0.74%/yr for IBCJ.DE.
Performance
VERE.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VERE.DE achieves a 7.51% return, which is significantly lower than IBCJ.DE's 16.30% return.
VERE.DE
- 1D
- 0.75%
- 1M
- 3.71%
- YTD
- 7.51%
- 6M
- 10.09%
- 1Y
- 15.98%
- 3Y*
- 13.74%
- 5Y*
- 9.33%
- 10Y*
- —
IBCJ.DE
- 1D
- 0.17%
- 1M
- 5.66%
- YTD
- 16.30%
- 6M
- 25.77%
- 1Y
- 38.98%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
VERE.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VERE.DE Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating | 7.51% | 21.22% | 6.82% | 17.62% | -12.44% | 24.56% | 2.46% | 7.56% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -6.41% |
Correlation
The correlation between VERE.DE and IBCJ.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.61 |
The correlation between VERE.DE and IBCJ.DE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
VERE.DE vs. IBCJ.DE — Risk / Return Rank
VERE.DE
IBCJ.DE
VERE.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating (VERE.DE) and iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.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.
| VERE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.90 | -2.34 |
| Martin ratioReturn relative to average drawdown | 5.69 | 9.60 | -3.91 |
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
| VERE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.65 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.55 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.15 | +0.46 |
Drawdowns
VERE.DE vs. IBCJ.DE - Drawdown Comparison
The maximum VERE.DE drawdown since its inception was -34.75%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for VERE.DE and IBCJ.DE.
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Drawdown Indicators
| VERE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.75% | -56.11% | +21.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -9.96% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -18.47% | +2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.81% | -47.31% | +24.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -1.29% | -1.16% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -19.38% | +14.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 4.05% | -1.25% |
Volatility
VERE.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating (VERE.DE) is 4.33%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that VERE.DE experiences smaller price fluctuations and is considered to be less risky than IBCJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VERE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 7.13% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 17.61% | -6.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 23.48% | -9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 26.72% | -11.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 25.15% | -8.07% |
VERE.DE vs. IBCJ.DE - Expense Ratio Comparison
VERE.DE has a 0.10% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
VERE.DE vs. IBCJ.DE - Dividend Comparison
Neither VERE.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
VERE.DE and IBCJ.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VERE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VERE.DE is cheaper with a 0.10% expense ratio, compared with 0.74% for IBCJ.DE.
VERE.DE tracks FTSE Developed Europe ex UK, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VERE.DE and 0.74% for IBCJ.DE.
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