IBCG.DE vs. QUEJ.DE
IBCG.DE (iShares MSCI Japan EUR Hedged UCITS ETF (Acc)) and QUEJ.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both Japan Equities funds - IBCG.DE tracks the MSCI Japan Index (EUR Hedged) while QUEJ.DE tracks the MSCI Japan SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 3 years, IBCG.DE returned 25.91%/yr vs 5.98%/yr for QUEJ.DE. A 0.69 correlation means they provide meaningful diversification when combined. IBCG.DE charges 0.64%/yr vs 0.25%/yr for QUEJ.DE.
Performance
IBCG.DE vs. QUEJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCG.DE achieves a 21.27% return, which is significantly higher than QUEJ.DE's 13.48% return.
IBCG.DE
- 1D
- 1.23%
- 1M
- 1.98%
- 6M
- 20.86%
- YTD
- 21.27%
- 1Y
- 48.23%
- 3Y*
- 25.91%
- 5Y*
- 19.57%
- 10Y*
- 14.99%
QUEJ.DE
- 1D
- 0.00%
- 1M
- 5.33%
- 6M
- 13.25%
- YTD
- 13.48%
- 1Y
- 19.88%
- 3Y*
- 5.98%
- 5Y*
- —
- 10Y*
- —
IBCG.DE vs. QUEJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBCG.DE iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | 21.27% | 26.94% | 22.76% | 32.85% | -1.00% |
QUEJ.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 13.48% | 3.79% | 1.15% | 8.13% | -12.21% |
Correlation
The correlation between IBCG.DE and QUEJ.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.69 |
The correlation between IBCG.DE and QUEJ.DE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
IBCG.DE vs. QUEJ.DE — Risk / Return Rank
IBCG.DE
QUEJ.DE
IBCG.DE vs. QUEJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) and BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBCG.DE | QUEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.21 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 1.91 | +2.92 |
| Martin ratioReturn relative to average drawdown | 16.49 | 5.77 | +10.71 |
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Drawdowns
IBCG.DE vs. QUEJ.DE - Drawdown Comparison
The maximum IBCG.DE drawdown since its inception was -34.79%, which is greater than QUEJ.DE's maximum drawdown of -15.02%. Use the drawdown chart below to compare losses from any high point for IBCG.DE and QUEJ.DE.
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Drawdown Indicators
| IBCG.DE | QUEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -15.02% | -19.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -10.45% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -13.94% | -7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.79% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | 0.00% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -6.24% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.47% | -0.55% |
Volatility
IBCG.DE vs. QUEJ.DE - Volatility Comparison
iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) has a higher volatility of 6.70% compared to BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) at 4.79%. This indicates that IBCG.DE's price experiences larger fluctuations and is considered to be riskier than QUEJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCG.DE | QUEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 4.79% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 14.12% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 17.77% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 15.39% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 15.39% | +3.06% |
IBCG.DE vs. QUEJ.DE - Expense Ratio Comparison
IBCG.DE has a 0.64% expense ratio, which is higher than QUEJ.DE's 0.25% expense ratio.
Dividends
IBCG.DE vs. QUEJ.DE - Dividend Comparison
Neither IBCG.DE nor QUEJ.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCG.DE and QUEJ.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QUEJ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QUEJ.DE is cheaper with a 0.25% expense ratio, compared with 0.64% for IBCG.DE.
IBCG.DE tracks MSCI Japan Index (EUR Hedged), while QUEJ.DE tracks MSCI Japan SRI S-Series PAB 5% Capped. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.64% for IBCG.DE and 0.25% for QUEJ.DE.
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