EXW3.DE vs. IBCJ.DE
EXW3.DE (iShares STOXX Europe 50 UCITS ETF (DE)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - EXW3.DE tracks the STOXX® Europe 50 while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, EXW3.DE returned 9.47%/yr vs 9.17%/yr for IBCJ.DE. A 0.55 correlation means they provide meaningful diversification when combined. EXW3.DE charges 0.52%/yr vs 0.74%/yr for IBCJ.DE.
Performance
EXW3.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXW3.DE achieves a 10.62% return, which is significantly lower than IBCJ.DE's 16.30% return. Both investments have delivered pretty close results over the past 10 years, with EXW3.DE having a 9.47% annualized return and IBCJ.DE not far behind at 9.17%.
EXW3.DE
- 1D
- 0.65%
- 1M
- 4.48%
- YTD
- 10.62%
- 6M
- 13.23%
- 1Y
- 20.00%
- 3Y*
- 13.15%
- 5Y*
- 11.77%
- 10Y*
- 9.47%
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%
EXW3.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 10.62% | 18.18% | 7.31% | 14.20% | -1.53% | 25.70% | -6.57% | 28.28% | -10.54% | 9.15% |
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 EXW3.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 | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.55 |
The correlation between EXW3.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
EXW3.DE vs. IBCJ.DE — Risk / Return Rank
EXW3.DE
IBCJ.DE
EXW3.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.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.
| EXW3.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.90 | -1.80 |
| Martin ratioReturn relative to average drawdown | 7.39 | 9.60 | -2.21 |
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
| EXW3.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.65 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.55 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.36 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.15 | +0.05 |
Drawdowns
EXW3.DE vs. IBCJ.DE - Drawdown Comparison
The maximum EXW3.DE drawdown since its inception was -57.98%, roughly equal to the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for EXW3.DE and IBCJ.DE.
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Drawdown Indicators
| EXW3.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -56.11% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -9.96% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.30% | -18.47% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.30% | -47.31% | +30.01% |
Max Drawdown (10Y)Largest decline over 10 years | -32.27% | -56.11% | +23.84% |
Current DrawdownCurrent decline from peak | -1.20% | -1.16% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -17.07% | -19.38% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 4.05% | -1.35% |
Volatility
EXW3.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.DE) is 4.77%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that EXW3.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
| EXW3.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 7.13% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 17.61% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 23.48% | -9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 26.72% | -12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 25.15% | -9.71% |
EXW3.DE vs. IBCJ.DE - Expense Ratio Comparison
EXW3.DE has a 0.52% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
EXW3.DE vs. IBCJ.DE - Dividend Comparison
EXW3.DE's dividend yield for the trailing twelve months is around 2.12%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 2.12% | 2.22% | 2.44% | 2.10% | 2.52% | 2.05% | 2.16% | 2.79% | 2.96% | 5.17% | 4.31% | 3.43% |
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
EXW3.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, EXW3.DE is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXW3.DE is cheaper with a 0.52% expense ratio, compared with 0.74% for IBCJ.DE.
EXW3.DE tracks STOXX® Europe 50, while IBCJ.DE tracks MSCI Poland. Their fees differ too: 0.52% for EXW3.DE and 0.74% for IBCJ.DE.
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