VGER.DE vs. IBCJ.DE
VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - VGER.DE tracks the FTSE Germany All Cap while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, VGER.DE returned 7.30%/yr vs 14.80%/yr for IBCJ.DE. A 0.57 correlation means they provide meaningful diversification when combined. VGER.DE charges 0.10%/yr vs 0.74%/yr for IBCJ.DE.
Performance
VGER.DE vs. IBCJ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGER.DE achieves a 2.83% return, which is significantly lower than IBCJ.DE's 16.30% return.
VGER.DE
- 1D
- 0.30%
- 1M
- 2.57%
- YTD
- 2.83%
- 6M
- 5.80%
- 1Y
- 2.42%
- 3Y*
- 14.77%
- 5Y*
- 7.30%
- 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%
VGER.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.83% | 21.13% | 16.18% | 19.26% | -17.51% | 12.84% | 3.89% | 23.04% | -15.57% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -3.73% | 6.94% |
Correlation
The correlation between VGER.DE and IBCJ.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2018 | 0.57 |
The correlation between VGER.DE and IBCJ.DE has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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
VGER.DE vs. IBCJ.DE — Risk / Return Rank
VGER.DE
IBCJ.DE
VGER.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Germany All Cap UCITS ETF Dist (VGER.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.
| VGER.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 3.90 | -3.69 |
| Martin ratioReturn relative to average drawdown | 0.59 | 9.60 | -9.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VGER.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.65 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.55 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.15 | +0.24 |
Drawdowns
VGER.DE vs. IBCJ.DE - Drawdown Comparison
The maximum VGER.DE drawdown since its inception was -38.64%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for VGER.DE and IBCJ.DE.
Loading charts...
Drawdown Indicators
| VGER.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -56.11% | +17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -9.96% | -1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.63% | -18.47% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -47.31% | +16.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -1.75% | -1.16% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -19.38% | +12.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 4.05% | +0.03% |
Volatility
VGER.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) is 4.79%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that VGER.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.
Loading charts...
Volatility by Period
| VGER.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 7.13% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 17.61% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 23.48% | -7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 26.72% | -9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 25.15% | -5.58% |
VGER.DE vs. IBCJ.DE - Expense Ratio Comparison
VGER.DE has a 0.10% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
VGER.DE vs. IBCJ.DE - Dividend Comparison
VGER.DE's dividend yield for the trailing twelve months is around 2.13%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.13% | 2.12% | 2.40% | 2.96% | 4.07% | 1.86% | 2.93% | 2.55% |
Frequently Asked Questions
VGER.DE and IBCJ.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGER.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGER.DE is cheaper with a 0.10% expense ratio, compared with 0.74% for IBCJ.DE.
VGER.DE tracks FTSE Germany All Cap, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VGER.DE and 0.74% for IBCJ.DE.
Find the right allocation for VGER.DE and IBCJ.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