ELFA.DE vs. IBCJ.DE
ELFA.DE (Deka EURO STOXX 50 (thesaurierend) UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - ELFA.DE tracks the EURO STOXX® 50 while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, ELFA.DE returned 10.55%/yr vs 9.17%/yr for IBCJ.DE. A 0.52 correlation means they provide meaningful diversification when combined. ELFA.DE charges 0.15%/yr vs 0.74%/yr for IBCJ.DE.
Performance
ELFA.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFA.DE achieves a 4.66% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, ELFA.DE has outperformed IBCJ.DE with an annualized return of 10.55%, while IBCJ.DE has yielded a comparatively lower 9.17% annualized return.
ELFA.DE
- 1D
- 0.96%
- 1M
- 3.30%
- YTD
- 4.66%
- 6M
- 6.14%
- 1Y
- 13.01%
- 3Y*
- 15.42%
- 5Y*
- 11.83%
- 10Y*
- 10.55%
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%
ELFA.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 4.66% | 22.03% | 13.92% | 23.28% | -10.08% | 26.68% | -3.88% | 29.78% | -11.88% | 10.02% |
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 ELFA.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 | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 20, 2015 | 0.52 |
The correlation between ELFA.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
ELFA.DE vs. IBCJ.DE — Risk / Return Rank
ELFA.DE
IBCJ.DE
ELFA.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.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.
| ELFA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.90 | -2.80 |
| Martin ratioReturn relative to average drawdown | 3.54 | 9.60 | -6.06 |
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
| ELFA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.65 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.55 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.36 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.15 | +0.30 |
Drawdowns
ELFA.DE vs. IBCJ.DE - Drawdown Comparison
The maximum ELFA.DE drawdown since its inception was -38.14%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for ELFA.DE and IBCJ.DE.
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Drawdown Indicators
| ELFA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.14% | -56.11% | +17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -9.96% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -18.47% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -47.31% | +23.98% |
Max Drawdown (10Y)Largest decline over 10 years | -38.14% | -56.11% | +17.97% |
Current DrawdownCurrent decline from peak | -0.20% | -1.16% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -19.38% | +13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 4.05% | -0.25% |
Volatility
ELFA.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Deka EURO STOXX 50 (thesaurierend) UCITS ETF (ELFA.DE) is 4.91%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that ELFA.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
| ELFA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 7.13% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 17.61% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 23.48% | -6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 26.72% | -8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 25.15% | -5.89% |
ELFA.DE vs. IBCJ.DE - Expense Ratio Comparison
ELFA.DE has a 0.15% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
ELFA.DE vs. IBCJ.DE - Dividend Comparison
ELFA.DE's dividend yield for the trailing twelve months is around 2.18%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ELFA.DE Deka EURO STOXX 50 (thesaurierend) UCITS ETF | 2.18% | 2.29% | 2.65% | 3.30% | 1.48% | 2.09% | 0.00% | 0.00% | 0.73% | 0.81% | 0.59% |
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
ELFA.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, ELFA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFA.DE is cheaper with a 0.15% expense ratio, compared with 0.74% for IBCJ.DE.
ELFA.DE tracks EURO STOXX® 50, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Deka and iShares. Their fees differ too: 0.15% for ELFA.DE and 0.74% for IBCJ.DE.
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