FTGE.DE vs. IBCJ.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.59%/yr vs 14.80%/yr for IBCJ.DE. A 0.60 correlation means they provide meaningful diversification when combined. FTGE.DE charges 0.65%/yr vs 0.74%/yr for IBCJ.DE.
Performance
FTGE.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGE.DE achieves a 13.73% return, which is significantly lower than IBCJ.DE's 16.30% return.
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
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%
FTGE.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 24.16% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | 15.76% |
Correlation
The correlation between FTGE.DE and IBCJ.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.60 |
The correlation between FTGE.DE and IBCJ.DE has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
FTGE.DE vs. IBCJ.DE — Risk / Return Rank
FTGE.DE
IBCJ.DE
FTGE.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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.
| FTGE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.90 | -0.62 |
| Martin ratioReturn relative to average drawdown | 12.30 | 9.60 | +2.70 |
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
| FTGE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.65 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.55 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.15 | +0.74 |
Drawdowns
FTGE.DE vs. IBCJ.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and IBCJ.DE.
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Drawdown Indicators
| FTGE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -56.11% | +29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -9.96% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -18.47% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -47.31% | +20.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.16% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -19.38% | +13.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 4.05% | -1.55% |
Volatility
FTGE.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) is 3.83%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that FTGE.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
| FTGE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 7.13% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 17.61% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 23.48% | -9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 26.72% | -9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 25.15% | -6.74% |
FTGE.DE vs. IBCJ.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
FTGE.DE vs. IBCJ.DE - Dividend Comparison
Neither FTGE.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and IBCJ.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTGE.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTGE.DE is cheaper with a 0.65% expense ratio, compared with 0.74% for IBCJ.DE.
FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for FTGE.DE and 0.74% for IBCJ.DE.
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