DEAM.DE vs. IBCJ.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - DEAM.DE tracks the MDAX® while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, DEAM.DE returned -0.95%/yr vs 14.80%/yr for IBCJ.DE. A 0.57 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.74%/yr for IBCJ.DE.
Performance
DEAM.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 6.73% return, which is significantly lower than IBCJ.DE's 16.30% return.
DEAM.DE
- 1D
- 0.22%
- 1M
- 3.05%
- YTD
- 6.73%
- 6M
- 10.12%
- 1Y
- 4.93%
- 3Y*
- 6.11%
- 5Y*
- -0.95%
- 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%
DEAM.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 6.73% | 19.33% | -6.03% | 7.33% | -28.80% | 13.67% | 8.05% | 15.51% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -4.73% |
Correlation
The correlation between DEAM.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 | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.57 |
The correlation between DEAM.DE and IBCJ.DE has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
DEAM.DE vs. IBCJ.DE — Risk / Return Rank
DEAM.DE
IBCJ.DE
DEAM.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.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.
| DEAM.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.28 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.90 | -3.54 |
| Martin ratioReturn relative to average drawdown | 0.98 | 9.60 | -8.61 |
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
| DEAM.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.65 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.55 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.15 | +0.04 |
Drawdowns
DEAM.DE vs. IBCJ.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and IBCJ.DE.
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Drawdown Indicators
| DEAM.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -56.11% | +16.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -9.96% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -18.47% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -47.31% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -11.42% | -1.16% | -10.26% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -19.38% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 4.05% | +1.21% |
Volatility
DEAM.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Invesco MDAX UCITS ETF A (DEAM.DE) is 5.08%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that DEAM.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
| DEAM.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 7.13% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 17.61% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 23.48% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 26.72% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 25.15% | -5.54% |
DEAM.DE vs. IBCJ.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
DEAM.DE vs. IBCJ.DE - Dividend Comparison
Neither DEAM.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.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, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.74% for IBCJ.DE.
DEAM.DE tracks MDAX®, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for DEAM.DE and 0.74% for IBCJ.DE.
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