VWCG.DE vs. IBC0.DE
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) are both Europe Equities funds - VWCG.DE tracks the FTSE Developed Europe while IBC0.DE tracks the MSCI Europe Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, VWCG.DE returned 9.96%/yr vs 10.54%/yr for IBC0.DE. Their correlation of 0.91 suggests significant overlap in exposure. VWCG.DE charges 0.10%/yr vs 0.45%/yr for IBC0.DE.
Performance
VWCG.DE vs. IBC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCG.DE achieves a 7.34% return, which is significantly lower than IBC0.DE's 9.99% return.
VWCG.DE
- 1D
- 0.57%
- 1M
- 1.01%
- YTD
- 7.34%
- 6M
- 9.93%
- 1Y
- 16.18%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
IBC0.DE
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- 9.99%
- 6M
- 13.20%
- 1Y
- 19.89%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
VWCG.DE vs. IBC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 16.07% | -9.71% | 24.74% | -2.59% | 11.39% |
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 11.60% |
Correlation
The correlation between VWCG.DE and IBC0.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.91 |
The correlation between VWCG.DE and IBC0.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. IBC0.DE — Risk / Return Rank
VWCG.DE
IBC0.DE
VWCG.DE vs. IBC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) and iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.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.
| VWCG.DE | IBC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.56 | -0.86 |
| Martin ratioReturn relative to average drawdown | 6.40 | 9.54 | -3.14 |
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
| VWCG.DE | IBC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.59 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.71 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.58 | +0.06 |
Drawdowns
VWCG.DE vs. IBC0.DE - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.68%, roughly equal to the maximum IBC0.DE drawdown of -37.22%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and IBC0.DE.
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Drawdown Indicators
| VWCG.DE | IBC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -37.22% | +1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -7.87% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -15.28% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -24.64% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.22% | — |
Current DrawdownCurrent decline from peak | -1.51% | -1.53% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -5.79% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.12% | +0.43% |
Volatility
VWCG.DE vs. IBC0.DE - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) and iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) have volatilities of 4.33% and 4.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWCG.DE | IBC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.25% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 10.49% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 12.68% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 14.81% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 16.32% | +0.77% |
VWCG.DE vs. IBC0.DE - Expense Ratio Comparison
VWCG.DE has a 0.10% expense ratio, which is lower than IBC0.DE's 0.45% expense ratio.
Dividends
VWCG.DE vs. IBC0.DE - Dividend Comparison
Neither VWCG.DE nor IBC0.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, VWCG.DE and IBC0.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.45% for IBC0.DE.
VWCG.DE tracks FTSE Developed Europe, while IBC0.DE tracks MSCI Europe Diversified Multiple-Factor. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VWCG.DE and 0.45% for IBC0.DE.
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