IBCJ.DE vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) and S&P 500 Index (^GSPC).

IBCJ.DE is a passively managed fund by iShares that tracks the performance of the MSCI Poland. It was launched on Jan 21, 2011.

Performance

IBCJ.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

IBCJ.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc)	5.45%	53.66%	-0.42%	43.86%	-21.74%	14.34%	-18.69%	-3.73%	-9.07%	35.59%
^GSPC S&P 500 Index	-2.47%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Different Trading Currencies

IBCJ.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IBCJ.DE achieves a 5.45% return, which is significantly higher than ^GSPC's -2.47% return. Over the past 10 years, IBCJ.DE has underperformed ^GSPC with an annualized return of 6.80%, while ^GSPC has yielded a comparatively higher 12.07% annualized return.

IBCJ.DE

• 1D: 3.04%
• 1M: -0.65%
• YTD: 5.45%
• 6M: 19.31%
• 1Y: 26.74%
• 3Y*: 33.87%
• 5Y*: 16.47%
• 10Y*: 6.80%

^GSPC

• 1D: 0.61%
• 1M: -3.45%
• YTD: -2.47%
• 6M: -0.63%
• 1Y: 8.91%
• 3Y*: 14.47%
• 5Y*: 10.74%
• 10Y*: 12.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IBCJ.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBCJ.DE

IBCJ.DE Risk / Return Rank: 59
IBCJ.DE Sharpe Ratio Rank: 55
IBCJ.DE Sortino Ratio Rank: 55
IBCJ.DE Omega Ratio Rank: 47
IBCJ.DE Calmar Ratio Rank: 82
IBCJ.DE Martin Ratio Rank: 56

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBCJ.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) and S&P 500 Index (^GSPC). 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.

	IBCJ.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.03	0.43	+0.60
Sortino ratio Return per unit of downside risk	1.51	0.73	+0.78
Omega ratio Gain probability vs. loss probability	1.19	1.12	+0.07
Calmar ratio Return relative to maximum drawdown	2.58	0.66	+1.92
Martin ratio Return relative to average drawdown	6.00	2.77	+3.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBCJ.DE vs. ^GSPC - Sharpe Ratio Comparison

The current IBCJ.DE Sharpe Ratio is 1.03, which is higher than the ^GSPC Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of IBCJ.DE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBCJ.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.43	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.64	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.65	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.45	-0.33

Correlation

The correlation between IBCJ.DE and ^GSPC is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

IBCJ.DE vs. ^GSPC - Drawdown Comparison

The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than ^GSPC's maximum drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and ^GSPC.

Drawdown Indicators

	IBCJ.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	-56.78%	+0.67%
Max Drawdown (1Y) Largest decline over 1 year	-15.11%	-12.14%	-2.97%
Max Drawdown (5Y) Largest decline over 5 years	-47.31%	-25.43%	-21.88%
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	-33.92%	-22.19%
Current Drawdown Current decline from peak	-3.52%	-5.78%	+2.26%
Average Drawdown Average peak-to-trough decline	-19.57%	-10.75%	-8.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	2.60%	+1.69%

Volatility

IBCJ.DE vs. ^GSPC - Volatility Comparison

iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 8.54% compared to S&P 500 Index (^GSPC) at 4.42%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBCJ.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.54%	4.42%	+4.12%
Volatility (6M) Calculated over the trailing 6-month period	16.42%	9.93%	+6.49%
Volatility (1Y) Calculated over the trailing 1-year period	25.82%	20.69%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.57%	16.81%	+9.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.10%	18.63%	+6.47%