540J.DE vs. IBCJ.DE
540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - 540J.DE tracks the MSCI Switzerland while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, 540J.DE returned 8.74%/yr vs 9.17%/yr for IBCJ.DE. At a 0.43 correlation, their price movements are largely independent. 540J.DE charges 0.25%/yr vs 0.74%/yr for IBCJ.DE.
Performance
540J.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 540J.DE achieves a 4.11% 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 540J.DE having a 8.74% annualized return and IBCJ.DE not far ahead at 9.17%.
540J.DE
- 1D
- 1.16%
- 1M
- 0.54%
- YTD
- 4.11%
- 6M
- 7.57%
- 1Y
- 13.06%
- 3Y*
- 8.94%
- 5Y*
- 7.71%
- 10Y*
- 8.74%
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%
540J.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 4.11% | 18.35% | 3.72% | 10.70% | -12.88% | 29.27% | 1.18% | 35.15% | -4.77% | 7.46% |
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 540J.DE and IBCJ.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.43 |
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Return for Risk
540J.DE vs. IBCJ.DE — Risk / Return Rank
540J.DE
IBCJ.DE
540J.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Switzerland UCITS ETF EUR (540J.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.
| 540J.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.90 | -2.78 |
| Martin ratioReturn relative to average drawdown | 3.60 | 9.60 | -6.00 |
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
| 540J.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.65 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.55 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.36 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.15 | +0.49 |
Drawdowns
540J.DE vs. IBCJ.DE - Drawdown Comparison
The maximum 540J.DE drawdown since its inception was -25.99%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for 540J.DE and IBCJ.DE.
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Drawdown Indicators
| 540J.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -56.11% | +30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -9.96% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.76% | -18.47% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -47.31% | +29.67% |
Max Drawdown (10Y)Largest decline over 10 years | -25.99% | -56.11% | +30.12% |
Current DrawdownCurrent decline from peak | -3.33% | -1.16% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -19.38% | +13.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 4.05% | -0.53% |
Volatility
540J.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) is 4.33%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that 540J.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
| 540J.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 7.13% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 17.61% | -7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 23.48% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 26.72% | -13.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 25.15% | -11.12% |
540J.DE vs. IBCJ.DE - Expense Ratio Comparison
540J.DE has a 0.25% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
540J.DE vs. IBCJ.DE - Dividend Comparison
Neither 540J.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
540J.DE and IBCJ.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 540J.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE is cheaper with a 0.25% expense ratio, compared with 0.74% for IBCJ.DE.
540J.DE tracks MSCI Switzerland, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for 540J.DE and 0.74% for IBCJ.DE.
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