VVMX.DE vs. IBZL.L
VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) and IBZL.L (iShares MSCI Brazil UCITS ETF (Dist)) are both exchange-traded funds - VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals, while IBZL.L is a Latin America Equities fund tracking the MSCI Brazil NR USD. Both are passively managed. Over the past 3 years, VVMX.DE returned 3.35%/yr vs 6.37%/yr for IBZL.L. At a 0.36 correlation, their price movements are largely independent. VVMX.DE charges 0.59%/yr vs 0.74%/yr for IBZL.L.
Performance
VVMX.DE vs. IBZL.L - Performance Comparison
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Different Trading Currencies
VVMX.DE is traded in EUR, while IBZL.L is traded in GBp. To make them comparable, the IBZL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VVMX.DE achieves a 30.24% return, which is significantly higher than IBZL.L's 12.57% return.
VVMX.DE
- 1D
- -1.82%
- 1M
- -9.18%
- YTD
- 30.24%
- 6M
- 37.51%
- 1Y
- 146.32%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
IBZL.L
- 1D
- 4.24%
- 1M
- -6.10%
- YTD
- 12.57%
- 6M
- 12.19%
- 1Y
- 31.62%
- 3Y*
- 6.37%
- 5Y*
- 6.58%
- 10Y*
- 7.62%
VVMX.DE vs. IBZL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 16.96% |
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 12.57% | 28.87% | -23.67% | 26.35% | 21.77% | -3.45% |
Correlation
The correlation between VVMX.DE and IBZL.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.36 |
The correlation between VVMX.DE and IBZL.L shifts across timeframes, from 0.24 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VVMX.DE vs. IBZL.L — Risk / Return Rank
VVMX.DE
IBZL.L
VVMX.DE vs. IBZL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) and iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VVMX.DE | IBZL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 1.72 | +5.87 |
| Martin ratioReturn relative to average drawdown | 19.66 | 5.73 | +13.93 |
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Drawdowns
VVMX.DE vs. IBZL.L - Drawdown Comparison
The maximum VVMX.DE drawdown since its inception was -73.26%, which is greater than IBZL.L's maximum drawdown of -69.25%. Use the drawdown chart below to compare losses from any high point for VVMX.DE and IBZL.L.
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Drawdown Indicators
| VVMX.DE | IBZL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.26% | -69.25% | -4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -18.34% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -61.55% | -27.09% | -34.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.26% | — |
Current DrawdownCurrent decline from peak | -25.51% | -14.43% | -11.08% |
Average DrawdownAverage peak-to-trough decline | -41.19% | -30.04% | -11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 5.50% | +2.39% |
Volatility
VVMX.DE vs. IBZL.L - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a higher volatility of 12.59% compared to iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) at 7.25%. This indicates that VVMX.DE's price experiences larger fluctuations and is considered to be riskier than IBZL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVMX.DE | IBZL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 7.25% | +5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 32.22% | 17.80% | +14.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 21.99% | +24.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.36% | 26.78% | +9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.36% | 31.74% | +4.62% |
VVMX.DE vs. IBZL.L - Expense Ratio Comparison
VVMX.DE has a 0.59% expense ratio, which is lower than IBZL.L's 0.74% expense ratio.
Dividends
VVMX.DE vs. IBZL.L - Dividend Comparison
VVMX.DE has not paid dividends to shareholders, while IBZL.L's dividend yield for the trailing twelve months is around 3.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 3.26% | 4.32% | 6.46% | 5.44% | 13.60% | 6.32% | 1.92% | 2.53% | 2.45% | 1.46% | 1.64% | 3.54% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VVMX.DE and IBZL.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVMX.DE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVMX.DE is cheaper with a 0.59% expense ratio, compared with 0.74% for IBZL.L.
VVMX.DE is categorized as Commodity Producers Equities, while IBZL.L is Latin America Equities. VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals, while IBZL.L tracks MSCI Brazil NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.59% for VVMX.DE and 0.74% for IBZL.L.
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