E903.DE vs. IBCJ.DE
E903.DE (Amundi DivDAX II UCITS ETF Dist) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - E903.DE tracks the DivDAX® while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, E903.DE returned 7.64%/yr vs 9.17%/yr for IBCJ.DE. A 0.53 correlation means they provide meaningful diversification when combined. E903.DE charges 0.25%/yr vs 0.74%/yr for IBCJ.DE.
Performance
E903.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E903.DE achieves a 1.54% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, E903.DE has underperformed IBCJ.DE with an annualized return of 7.64%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
E903.DE
- 1D
- -0.69%
- 1M
- -2.94%
- YTD
- 1.54%
- 6M
- 3.05%
- 1Y
- 8.07%
- 3Y*
- 9.49%
- 5Y*
- 5.65%
- 10Y*
- 7.64%
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%
E903.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 1.54% | 21.96% | 4.36% | 17.02% | -10.82% | 13.58% | 1.62% | 23.29% | -16.27% | 13.76% |
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 E903.DE and IBCJ.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.53 |
The correlation between E903.DE and IBCJ.DE has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
E903.DE vs. IBCJ.DE — Risk / Return Rank
E903.DE
IBCJ.DE
E903.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi DivDAX II UCITS ETF Dist (E903.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.
| E903.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 | 0.84 | 3.90 | -3.06 |
| Martin ratioReturn relative to average drawdown | 2.33 | 9.60 | -7.26 |
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
| E903.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 | 0.33 | 0.55 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.36 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.15 | +0.20 |
Drawdowns
E903.DE vs. IBCJ.DE - Drawdown Comparison
The maximum E903.DE drawdown since its inception was -41.56%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for E903.DE and IBCJ.DE.
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Drawdown Indicators
| E903.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -56.11% | +14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -9.96% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -18.47% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -47.31% | +21.94% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -56.11% | +14.55% |
Current DrawdownCurrent decline from peak | -5.02% | -1.16% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -19.38% | +12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 4.05% | -0.50% |
Volatility
E903.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Amundi DivDAX II UCITS ETF Dist (E903.DE) is 3.68%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that E903.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
| E903.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 7.13% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 17.61% | -6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 23.48% | -9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 26.72% | -9.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 25.15% | -6.47% |
E903.DE vs. IBCJ.DE - Expense Ratio Comparison
E903.DE has a 0.25% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
E903.DE vs. IBCJ.DE - Dividend Comparison
E903.DE's dividend yield for the trailing twelve months is around 3.61%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 3.61% | 3.66% | 4.20% | 5.26% | 3.88% | 2.62% | 3.28% | 3.24% | 3.74% | 2.45% | 2.97% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
E903.DE and IBCJ.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E903.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E903.DE is cheaper with a 0.25% expense ratio, compared with 0.74% for IBCJ.DE.
E903.DE tracks DivDAX®, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for E903.DE and 0.74% for IBCJ.DE.
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