VGEU.DE vs. IBCJ.DE
VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - VGEU.DE tracks the FTSE Developed Europe while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, VGEU.DE returned 9.61%/yr vs 9.17%/yr for IBCJ.DE. A 0.51 correlation means they provide meaningful diversification when combined. VGEU.DE charges 0.10%/yr vs 0.74%/yr for IBCJ.DE.
Performance
VGEU.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEU.DE achieves a 7.29% return, which is significantly lower than IBCJ.DE's 16.30% return. Both investments have delivered pretty close results over the past 10 years, with VGEU.DE having a 9.61% annualized return and IBCJ.DE not far behind at 9.17%.
VGEU.DE
- 1D
- 0.50%
- 1M
- 0.90%
- YTD
- 7.29%
- 6M
- 9.88%
- 1Y
- 16.08%
- 3Y*
- 14.08%
- 5Y*
- 9.90%
- 10Y*
- 9.61%
IBCJ.DE
- 1D
- 0.17%
- 1M
- 1.95%
- YTD
- 16.30%
- 6M
- 26.50%
- 1Y
- 40.90%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
VGEU.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 7.29% | 20.52% | 8.94% | 16.01% | -9.86% | 24.89% | -2.75% | 27.89% | -11.15% | 11.49% |
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% | -9.07% | 35.59% |
Correlation
The correlation between VGEU.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 | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2015 | 0.51 |
The correlation between VGEU.DE and IBCJ.DE has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
VGEU.DE vs. IBCJ.DE — Risk / Return Rank
VGEU.DE
IBCJ.DE
VGEU.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.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.
| VGEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.90 | -2.21 |
| Martin ratioReturn relative to average drawdown | 6.33 | 9.60 | -3.27 |
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
| VGEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.65 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.55 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.36 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.15 | +0.41 |
Drawdowns
VGEU.DE vs. IBCJ.DE - Drawdown Comparison
The maximum VGEU.DE drawdown since its inception was -35.59%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for VGEU.DE and IBCJ.DE.
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Drawdown Indicators
| VGEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -56.11% | +20.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.96% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -18.47% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -47.31% | +27.20% |
Max Drawdown (10Y)Largest decline over 10 years | -35.59% | -56.11% | +20.52% |
Current DrawdownCurrent decline from peak | -1.53% | -1.16% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -19.38% | +14.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 4.05% | -1.49% |
Volatility
VGEU.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) is 4.29%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that VGEU.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
| VGEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 7.13% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 17.61% | -7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 23.48% | -10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 26.72% | -12.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 25.15% | -8.81% |
VGEU.DE vs. IBCJ.DE - Expense Ratio Comparison
VGEU.DE has a 0.10% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
VGEU.DE vs. IBCJ.DE - Dividend Comparison
VGEU.DE's dividend yield for the trailing twelve months is around 2.60%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 2.60% | 2.79% | 3.07% | 2.99% | 3.31% | 2.65% | 2.23% | 3.22% | 3.65% | 3.04% | 3.20% | 3.11% |
Frequently Asked Questions
VGEU.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, VGEU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEU.DE is cheaper with a 0.10% expense ratio, compared with 0.74% for IBCJ.DE.
VGEU.DE tracks FTSE Developed Europe, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VGEU.DE and 0.74% for IBCJ.DE.
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