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 9.17%/yr vs 13.40%/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 16.30% return, which is significantly higher than ^GSPC's 12.06% return. Over the past 10 years, IBCJ.DE has underperformed ^GSPC with an annualized return of 9.17%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.
IBCJ.DE
- 1D
- 0.17%
- 1M
- 5.66%
- YTD
- 16.30%
- 6M
- 25.77%
- 1Y
- 38.98%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
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) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -3.73% | -9.07% | 35.59% |
^GSPC S&P 500 Index | 12.06% | 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 | 0.23 |
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 Jun 1, 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.
| IBCJ.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.30 | +0.59 |
| Martin ratioReturn relative to average drawdown | 9.60 | 12.34 | -2.74 |
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
| IBCJ.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.04 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.80 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.72 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.51 | -0.36 |
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 -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 | -56.11% | -51.62% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -7.57% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -23.99% | +5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -23.99% | -23.32% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -33.42% | -22.69% |
Current DrawdownCurrent decline from peak | -1.16% | -0.20% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -9.08% | -10.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.02% | +2.03% |
Volatility
IBCJ.DE vs. ^GSPC - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to S&P 500 Index (^GSPC) at 2.24%. 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 | 7.13% | 2.24% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 8.62% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 12.29% | +11.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 16.79% | +9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 18.59% | +6.56% |
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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