IBCJ.DE vs. ^GSPC
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) is Europe Equities fund tracking the MSCI Poland, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IBCJ.DE returned 9.24%/yr vs 12.86%/yr for ^GSPC. At a 0.30 correlation, their price movements are largely independent.
Performance
IBCJ.DE vs. ^GSPC - Performance Comparison
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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 17.97% return, which is significantly higher than ^GSPC's 12.95% return. Over the past 10 years, IBCJ.DE has underperformed ^GSPC with an annualized return of 9.24%, while ^GSPC has yielded a comparatively higher 12.86% annualized return.
IBCJ.DE
- 1D
- -1.13%
- 1M
- -1.57%
- 6M
- 13.29%
- YTD
- 17.97%
- 1Y
- 32.76%
- 3Y*
- 27.38%
- 5Y*
- 15.53%
- 10Y*
- 9.24%
^GSPC
- 1D
- 0.00%
- 1M
- 2.03%
- 6M
- 10.02%
- YTD
- 12.95%
- 1Y
- 21.20%
- 3Y*
- 17.51%
- 5Y*
- 12.42%
- 10Y*
- 12.86%
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) | 17.97% | 53.72% | -0.44% | 43.89% | -21.77% | 14.38% | -18.70% | -3.73% | -9.08% | 35.59% |
^GSPC S&P 500 Index | 11.87% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between IBCJ.DE and ^GSPC is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2011 | 0.30 |
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Return for Risk
IBCJ.DE vs. ^GSPC — Risk / Return Rank
IBCJ.DE
^GSPC
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.
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.
| IBCJ.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.81 | +0.45 |
| Martin ratioReturn relative to average drawdown | 7.84 | 10.39 | -2.56 |
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Drawdowns
IBCJ.DE vs. ^GSPC - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -67.13%, which is greater than ^GSPC's maximum drawdown of -50.84%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and ^GSPC.
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Drawdown Indicators
| IBCJ.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.13% | -50.84% | -16.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -7.57% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -18.52% | -23.99% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -47.29% | -23.99% | -23.30% |
Max Drawdown (10Y)Largest decline over 10 years | -56.09% | -33.42% | -22.67% |
Current DrawdownCurrent decline from peak | -1.66% | -0.80% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -39.16% | -8.77% | -30.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.05% | +2.11% |
Volatility
IBCJ.DE vs. ^GSPC - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 4.31% compared to S&P 500 Index (^GSPC) at 2.61%. 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.
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Volatility by Period
| IBCJ.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 2.61% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.59% | 9.16% | +8.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 12.61% | +10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.71% | 16.84% | +9.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.92% | 18.60% | +6.32% |
Frequently Asked Questions
IBCJ.DE and ^GSPC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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