IBCJ.DE vs. 18M2.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - IBCJ.DE tracks the MSCI Poland while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 8.26%/yr for 18M2.DE. A 0.54 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.30%/yr for 18M2.DE.
Performance
IBCJ.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCJ.DE achieves a 16.30% return, which is significantly higher than 18M2.DE's 6.76% return. Over the past 10 years, IBCJ.DE has outperformed 18M2.DE with an annualized return of 9.17%, while 18M2.DE has yielded a comparatively lower 8.26% 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%
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
IBCJ.DE vs. 18M2.DE - 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% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between IBCJ.DE and 18M2.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.54 |
The correlation between IBCJ.DE and 18M2.DE has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. 18M2.DE — Risk / Return Rank
IBCJ.DE
18M2.DE
IBCJ.DE vs. 18M2.DE - 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 Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| IBCJ.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 2.55 | +1.35 |
| Martin ratioReturn relative to average drawdown | 9.60 | 6.71 | +2.89 |
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 | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.49 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.66 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.53 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.44 | -0.30 |
Drawdowns
IBCJ.DE vs. 18M2.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than 18M2.DE's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and 18M2.DE.
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Drawdown Indicators
| IBCJ.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -37.06% | -19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -6.19% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -14.68% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -20.81% | -26.50% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -37.06% | -19.05% |
Current DrawdownCurrent decline from peak | -1.16% | -1.44% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -6.42% | -12.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.36% | +1.69% |
Volatility
IBCJ.DE vs. 18M2.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE 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 | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 2.63% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 8.33% | +9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 10.62% | +12.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 13.41% | +13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 15.44% | +9.71% |
IBCJ.DE vs. 18M2.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than 18M2.DE's 0.30% expense ratio.
Dividends
IBCJ.DE vs. 18M2.DE - Dividend Comparison
Neither IBCJ.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and 18M2.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18M2.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M2.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.74% for IBCJ.DE and 0.30% for 18M2.DE.
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