B41J.DE vs. IBCJ.DE
B41J.DE (Global X European Infrastructure Development UCITS ETF EUR Accumulating) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - B41J.DE tracks the Mirae Asset European Infrastructure Development Index while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past year, B41J.DE returned 8.67% vs 40.90% for IBCJ.DE. At a 0.49 correlation, their price movements are largely independent. B41J.DE charges 0.47%/yr vs 0.74%/yr for IBCJ.DE.
Performance
B41J.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, B41J.DE achieves a 7.25% return, which is significantly lower than IBCJ.DE's 16.30% return.
B41J.DE
- 1D
- 0.02%
- 1M
- -2.78%
- YTD
- 7.25%
- 6M
- 8.50%
- 1Y
- 8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
B41J.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating | 7.25% | 27.74% | -2.48% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -5.24% |
Correlation
The correlation between B41J.DE and IBCJ.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.49 |
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Return for Risk
B41J.DE vs. IBCJ.DE — Risk / Return Rank
B41J.DE
IBCJ.DE
B41J.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.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.
| B41J.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 3.90 | -2.95 |
| Martin ratioReturn relative to average drawdown | 2.70 | 9.60 | -6.90 |
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
| B41J.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.65 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.15 | +0.98 |
Drawdowns
B41J.DE vs. IBCJ.DE - Drawdown Comparison
The maximum B41J.DE drawdown since its inception was -12.00%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for B41J.DE and IBCJ.DE.
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Drawdown Indicators
| B41J.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.00% | -56.11% | +44.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -9.96% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -4.55% | -1.16% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -19.38% | +16.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 4.05% | -0.81% |
Volatility
B41J.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) is 4.95%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that B41J.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
| B41J.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 7.13% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 17.61% | -4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 23.48% | -8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 26.72% | -10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 25.15% | -9.04% |
B41J.DE vs. IBCJ.DE - Expense Ratio Comparison
B41J.DE has a 0.47% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
B41J.DE vs. IBCJ.DE - Dividend Comparison
Neither B41J.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
B41J.DE and IBCJ.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, B41J.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
B41J.DE is cheaper with a 0.47% expense ratio, compared with 0.74% for IBCJ.DE.
B41J.DE tracks Mirae Asset European Infrastructure Development Index, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Global X and iShares. Their fees differ too: 0.47% for B41J.DE and 0.74% for IBCJ.DE.
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