VNRT.DE vs. IBCY.DE
VNRT.DE (Vanguard FTSE North America UCITS ETF Distributing) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - VNRT.DE tracks the Russell 1000 TR USD while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, VNRT.DE returned 14.33%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.92 suggests significant overlap in exposure. VNRT.DE charges 0.10%/yr vs 0.35%/yr for IBCY.DE.
Performance
VNRT.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
VNRT.DE
- 1D
- -0.06%
- 1M
- 5.35%
- YTD
- 11.18%
- 6M
- 11.26%
- 1Y
- 25.31%
- 3Y*
- 19.05%
- 5Y*
- 14.33%
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.35%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
VNRT.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNRT.DE Vanguard FTSE North America UCITS ETF Distributing | 11.18% | 5.38% | 31.91% | 22.71% | -15.21% | 38.59% | 8.35% | 34.70% | -1.98% | 2.78% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 28.63% | -6.73% | 2.18% |
Correlation
The correlation between VNRT.DE and IBCY.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.92 |
Over the past year, the correlation between VNRT.DE and IBCY.DE has dropped to 0.55 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
VNRT.DE vs. IBCY.DE — Risk / Return Rank
VNRT.DE
IBCY.DE
VNRT.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF Distributing (VNRT.DE) and iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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.
| VNRT.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.56 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 4.08 | -0.53 |
| Martin ratioReturn relative to average drawdown | 12.68 | 19.99 | -7.30 |
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
| VNRT.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.70 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.69 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.63 | +0.24 |
Drawdowns
VNRT.DE vs. IBCY.DE - Drawdown Comparison
The maximum VNRT.DE drawdown since its inception was -34.52%, roughly equal to the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for VNRT.DE and IBCY.DE.
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Drawdown Indicators
| VNRT.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.52% | -35.54% | +1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -3.26% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -22.91% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -22.91% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.35% | 0.00% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -4.95% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.67% | +1.32% |
Volatility
VNRT.DE vs. IBCY.DE - Volatility Comparison
Vanguard FTSE North America UCITS ETF Distributing (VNRT.DE) has a higher volatility of 2.64% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that VNRT.DE's price experiences larger fluctuations and is considered to be riskier than IBCY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNRT.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 0.00% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 0.00% | +7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 7.99% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 14.77% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 16.12% | +0.70% |
VNRT.DE vs. IBCY.DE - Expense Ratio Comparison
VNRT.DE has a 0.10% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
VNRT.DE vs. IBCY.DE - Dividend Comparison
VNRT.DE's dividend yield for the trailing twelve months is around 0.88%, while IBCY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNRT.DE Vanguard FTSE North America UCITS ETF Distributing | 0.88% | 0.98% | 0.99% | 1.25% | 1.46% | 1.00% | 1.42% | 1.43% | 1.78% | 0.41% |
Frequently Asked Questions
VNRT.DE and IBCY.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VNRT.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNRT.DE is cheaper with a 0.10% expense ratio, compared with 0.35% for IBCY.DE.
VNRT.DE tracks Russell 1000 TR USD, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VNRT.DE and 0.35% for IBCY.DE.
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