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 9.50%/yr vs 13.56%/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 13.63% return, which is significantly higher than ^GSPC's 11.08% return. Over the past 10 years, IBCJ.DE has underperformed ^GSPC with an annualized return of 9.50%, while ^GSPC has yielded a comparatively higher 13.56% annualized return.
IBCJ.DE
- 1D
- 0.82%
- 1M
- -2.27%
- YTD
- 13.63%
- 6M
- 14.28%
- 1Y
- 36.28%
- 3Y*
- 27.60%
- 5Y*
- 14.16%
- 10Y*
- 9.50%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
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) | 13.63% | 53.72% | -0.44% | 43.89% | -21.77% | 14.38% | -18.70% | -3.73% | -9.08% | 35.59% |
^GSPC S&P 500 Index | 11.08% | 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 | 0.24 |
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 | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.17 | +0.45 |
| Martin ratioReturn relative to average drawdown | 8.87 | 11.71 | -2.85 |
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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 -51.62%. 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% | -51.62% | -15.51% |
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 | -5.20% | -1.08% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -39.31% | -9.08% | -30.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.04% | +2.04% |
Volatility
IBCJ.DE vs. ^GSPC - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 6.13% compared to S&P 500 Index (^GSPC) at 3.97%. 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 | 6.13% | 3.97% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.87% | 9.16% | +8.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.26% | 12.60% | +10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 16.86% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.95% | 18.61% | +6.34% |
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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