AW1Z.DE vs. IBCJ.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 15.53%/yr for IBCJ.DE. A 0.57 correlation means they provide meaningful diversification when combined. AW1Z.DE charges 0.14%/yr vs 0.74%/yr for IBCJ.DE.
Performance
AW1Z.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1Z.DE achieves a 9.37% return, which is significantly lower than IBCJ.DE's 17.97% return.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
IBCJ.DE
- 1D
- -1.13%
- 1M
- 0.79%
- 6M
- 13.29%
- YTD
- 17.97%
- 1Y
- 29.64%
- 3Y*
- 27.38%
- 5Y*
- 15.53%
- 10Y*
- 9.24%
AW1Z.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 9.37% | 16.28% | 6.31% | 17.64% | -13.87% | 18.74% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 17.97% | 53.72% | -0.44% | 43.89% | -21.77% | 18.10% |
Correlation
The correlation between AW1Z.DE and IBCJ.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 | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.57 |
The correlation between AW1Z.DE and IBCJ.DE has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. IBCJ.DE — Risk / Return Rank
AW1Z.DE
IBCJ.DE
AW1Z.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.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.
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.
| AW1Z.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.27 | -1.94 |
| Martin ratioReturn relative to average drawdown | 4.77 | 7.84 | -3.07 |
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Drawdowns
AW1Z.DE vs. IBCJ.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum IBCJ.DE drawdown of -67.13%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and IBCJ.DE.
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Drawdown Indicators
| AW1Z.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -67.13% | +42.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -9.98% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -18.52% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -47.29% | +22.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.09% | — |
Current DrawdownCurrent decline from peak | -2.16% | -1.66% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -39.16% | +34.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 4.16% | -1.16% |
Volatility
AW1Z.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) is 3.86%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 4.31%. This indicates that AW1Z.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
| AW1Z.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.31% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 17.59% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 23.03% | -7.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 26.71% | -10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 24.92% | -8.87% |
AW1Z.DE vs. IBCJ.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
AW1Z.DE vs. IBCJ.DE - Dividend Comparison
Neither AW1Z.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and IBCJ.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, AW1Z.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1Z.DE is cheaper with a 0.14% expense ratio, compared with 0.74% for IBCJ.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: UBS and iShares. Their fees differ too: 0.14% for AW1Z.DE and 0.74% for IBCJ.DE.
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