EL43.DE vs. IBCJ.DE
EL43.DE (Deka MSCI Europe MC UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - EL43.DE tracks the MSCI Europe Mid Cap while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, EL43.DE returned 8.48%/yr vs 9.17%/yr for IBCJ.DE. A 0.54 correlation means they provide meaningful diversification when combined. EL43.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
EL43.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL43.DE achieves a 7.83% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, EL43.DE has underperformed IBCJ.DE with an annualized return of 8.48%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
EL43.DE
- 1D
- 0.20%
- 1M
- 1.26%
- YTD
- 7.83%
- 6M
- 10.02%
- 1Y
- 15.49%
- 3Y*
- 14.70%
- 5Y*
- 7.18%
- 10Y*
- 8.48%
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%
EL43.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 7.83% | 23.35% | 7.52% | 14.30% | -19.19% | 21.35% | 4.43% | 31.27% | -13.55% | 14.21% |
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 EL43.DE and IBCJ.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.54 |
The correlation between EL43.DE and IBCJ.DE has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
EL43.DE vs. IBCJ.DE — Risk / Return Rank
EL43.DE
IBCJ.DE
EL43.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe MC UCITS ETF (EL43.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.
| EL43.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.90 | -2.05 |
| Martin ratioReturn relative to average drawdown | 6.82 | 9.60 | -2.78 |
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
| EL43.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.65 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.55 | -0.14 |
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 | 0.58 | 0.15 | +0.43 |
Drawdowns
EL43.DE vs. IBCJ.DE - Drawdown Comparison
The maximum EL43.DE drawdown since its inception was -37.81%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for EL43.DE and IBCJ.DE.
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Drawdown Indicators
| EL43.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.81% | -56.11% | +18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -9.96% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -18.47% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -29.37% | -47.31% | +17.94% |
Max Drawdown (10Y)Largest decline over 10 years | -37.81% | -56.11% | +18.30% |
Current DrawdownCurrent decline from peak | -1.88% | -1.16% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -19.38% | +13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 4.05% | -1.78% |
Volatility
EL43.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Deka MSCI Europe MC UCITS ETF (EL43.DE) is 3.39%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that EL43.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
| EL43.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 7.13% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 17.61% | -7.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 23.48% | -11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 26.72% | -9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 25.15% | -7.56% |
EL43.DE vs. IBCJ.DE - Expense Ratio Comparison
EL43.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
EL43.DE vs. IBCJ.DE - Dividend Comparison
EL43.DE's dividend yield for the trailing twelve months is around 2.19%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 2.19% | 2.69% | 4.09% | 2.52% | 2.53% | 1.64% | 1.79% | 2.18% | 2.56% | 1.60% | 2.76% | 2.05% |
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% | 0.00% |
Frequently Asked Questions
EL43.DE and IBCJ.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL43.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL43.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
EL43.DE tracks MSCI Europe Mid Cap, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for EL43.DE and 0.74% for IBCJ.DE.
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