DBXD.DE vs. IBCJ.DE
DBXD.DE (Xtrackers DAX UCITS ETF 1C) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - DBXD.DE tracks the DAX® while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, DBXD.DE returned 8.92%/yr vs 9.17%/yr for IBCJ.DE. A 0.57 correlation means they provide meaningful diversification when combined. DBXD.DE charges 0.09%/yr vs 0.74%/yr for IBCJ.DE.
Performance
DBXD.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXD.DE achieves a 1.35% 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 DBXD.DE having a 8.92% annualized return and IBCJ.DE not far ahead at 9.17%.
DBXD.DE
- 1D
- 0.50%
- 1M
- -0.04%
- YTD
- 1.35%
- 6M
- 3.40%
- 1Y
- 2.06%
- 3Y*
- 15.51%
- 5Y*
- 9.16%
- 10Y*
- 8.92%
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%
DBXD.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXD.DE Xtrackers DAX UCITS ETF 1C | 1.35% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -18.52% | 12.12% |
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 DBXD.DE and IBCJ.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.57 |
The correlation between DBXD.DE and IBCJ.DE has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
DBXD.DE vs. IBCJ.DE — Risk / Return Rank
DBXD.DE
IBCJ.DE
DBXD.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (DBXD.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.
| DBXD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 3.90 | -3.71 |
| Martin ratioReturn relative to average drawdown | 0.58 | 9.60 | -9.02 |
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
| DBXD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.65 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.55 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.36 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.15 | +0.17 |
Drawdowns
DBXD.DE vs. IBCJ.DE - Drawdown Comparison
The maximum DBXD.DE drawdown since its inception was -54.98%, roughly equal to the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for DBXD.DE and IBCJ.DE.
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Drawdown Indicators
| DBXD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.98% | -56.11% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -9.96% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -18.47% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -47.31% | +20.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -56.11% | +17.28% |
Current DrawdownCurrent decline from peak | -2.23% | -1.16% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -11.34% | -19.38% | +8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 4.05% | -0.08% |
Volatility
DBXD.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Xtrackers DAX UCITS ETF 1C (DBXD.DE) is 5.10%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that DBXD.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
| DBXD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 7.13% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 17.61% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.13% | 23.48% | -7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 26.72% | -9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 25.15% | -6.80% |
DBXD.DE vs. IBCJ.DE - Expense Ratio Comparison
DBXD.DE has a 0.09% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
DBXD.DE vs. IBCJ.DE - Dividend Comparison
Neither DBXD.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXD.DE and IBCJ.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.74% for IBCJ.DE.
DBXD.DE tracks DAX®, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for DBXD.DE and 0.74% for IBCJ.DE.
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