EMUS.DE vs. IBCJ.DE
EMUS.DE (BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - EMUS.DE tracks the MSCI EMU SRI S-Series PAB 5% Capped while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, EMUS.DE returned 7.85%/yr vs 14.80%/yr for IBCJ.DE. At a 0.48 correlation, their price movements are largely independent. EMUS.DE charges 0.25%/yr vs 0.74%/yr for IBCJ.DE.
Performance
EMUS.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMUS.DE achieves a 7.56% return, which is significantly lower than IBCJ.DE's 16.30% return.
EMUS.DE
- 1D
- 0.74%
- 1M
- 5.38%
- YTD
- 7.56%
- 6M
- 9.47%
- 1Y
- 12.57%
- 3Y*
- 12.58%
- 5Y*
- 7.85%
- 10Y*
- —
IBCJ.DE
- 1D
- 0.17%
- 1M
- 5.66%
- YTD
- 16.30%
- 6M
- 25.77%
- 1Y
- 38.98%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
EMUS.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMUS.DE BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF | 7.56% | 15.33% | 10.65% | 11.79% | -13.95% | 30.31% | 4.55% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | 1.01% |
Correlation
The correlation between EMUS.DE and IBCJ.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.48 |
The correlation between EMUS.DE and IBCJ.DE has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
EMUS.DE vs. IBCJ.DE — Risk / Return Rank
EMUS.DE
IBCJ.DE
EMUS.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.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.
| EMUS.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.90 | -2.74 |
| Martin ratioReturn relative to average drawdown | 3.93 | 9.60 | -5.66 |
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
| EMUS.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.65 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.55 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.15 | +0.64 |
Drawdowns
EMUS.DE vs. IBCJ.DE - Drawdown Comparison
The maximum EMUS.DE drawdown since its inception was -25.16%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for EMUS.DE and IBCJ.DE.
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Drawdown Indicators
| EMUS.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -56.11% | +30.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -9.96% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.11% | -18.47% | +5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -47.31% | +22.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.16% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -19.38% | +13.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 4.05% | -0.86% |
Volatility
EMUS.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) is 4.25%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that EMUS.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
| EMUS.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 7.13% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.27% | 17.61% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 23.48% | -10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 26.72% | -10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 25.15% | -7.80% |
EMUS.DE vs. IBCJ.DE - Expense Ratio Comparison
EMUS.DE has a 0.25% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
EMUS.DE vs. IBCJ.DE - Dividend Comparison
Neither EMUS.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
EMUS.DE and IBCJ.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMUS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMUS.DE is cheaper with a 0.25% expense ratio, compared with 0.74% for IBCJ.DE.
EMUS.DE tracks MSCI EMU SRI S-Series PAB 5% Capped, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.25% for EMUS.DE and 0.74% for IBCJ.DE.
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