ELF0.DE vs. IBCJ.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - ELF0.DE tracks the DAX® ex Financials 30 while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.55%/yr vs 9.17%/yr for IBCJ.DE. A 0.54 correlation means they provide meaningful diversification when combined. ELF0.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
ELF0.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELF0.DE achieves a 7.39% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, ELF0.DE has underperformed IBCJ.DE with an annualized return of 7.55%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
ELF0.DE
- 1D
- 0.23%
- 1M
- 1.13%
- YTD
- 7.39%
- 6M
- 9.09%
- 1Y
- 7.84%
- 3Y*
- 13.49%
- 5Y*
- 6.68%
- 10Y*
- 7.55%
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%
ELF0.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 7.39% | 22.31% | 11.90% | 15.27% | -18.05% | 14.05% | 5.05% | 23.64% | -20.14% | 11.11% |
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 ELF0.DE and IBCJ.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2013 | 0.54 |
The correlation between ELF0.DE and IBCJ.DE has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
ELF0.DE vs. IBCJ.DE — Risk / Return Rank
ELF0.DE
IBCJ.DE
ELF0.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX ex Financials 30 UCITS ETF (ELF0.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.
| ELF0.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.28 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 3.90 | -3.25 |
| Martin ratioReturn relative to average drawdown | 1.96 | 9.60 | -7.64 |
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
| ELF0.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.65 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.55 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.36 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.15 | +0.26 |
Drawdowns
ELF0.DE vs. IBCJ.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -40.99%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and IBCJ.DE.
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Drawdown Indicators
| ELF0.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -56.11% | +15.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -9.96% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -18.47% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -47.31% | +16.14% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -56.11% | +15.12% |
Current DrawdownCurrent decline from peak | -1.35% | -1.16% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -19.38% | +10.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 4.05% | -0.03% |
Volatility
ELF0.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) is 5.33%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that ELF0.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
| ELF0.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 7.13% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 17.61% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 23.48% | -6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 26.72% | -8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 25.15% | -6.34% |
ELF0.DE vs. IBCJ.DE - Expense Ratio Comparison
ELF0.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
ELF0.DE vs. IBCJ.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 1.66%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 1.66% | 2.10% | 2.35% | 3.01% | 2.78% | 1.58% | 1.74% | 2.22% | 2.82% | 2.24% | 2.23% | 2.18% |
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
ELF0.DE and IBCJ.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELF0.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELF0.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
ELF0.DE tracks DAX® ex Financials 30, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Deka and iShares. Their fees differ too: 0.30% for ELF0.DE and 0.74% for IBCJ.DE.
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