IBCJ.DE vs. 540J.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and 540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) are both Europe Equities funds - IBCJ.DE tracks the MSCI Poland while 540J.DE tracks the MSCI Switzerland. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.25%/yr vs 9.68%/yr for 540J.DE. At a 0.41 correlation, their price movements are largely independent. IBCJ.DE charges 0.74%/yr vs 0.25%/yr for 540J.DE.
Performance
IBCJ.DE vs. 540J.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCJ.DE achieves a 12.56% return, which is significantly higher than 540J.DE's 9.78% return. Both investments have delivered pretty close results over the past 10 years, with IBCJ.DE having a 9.25% annualized return and 540J.DE not far ahead at 9.68%.
IBCJ.DE
- 1D
- -0.94%
- 1M
- -3.12%
- YTD
- 12.56%
- 6M
- 13.21%
- 1Y
- 31.57%
- 3Y*
- 27.81%
- 5Y*
- 13.94%
- 10Y*
- 9.25%
540J.DE
- 1D
- -0.66%
- 1M
- 3.17%
- YTD
- 9.78%
- 6M
- 9.78%
- 1Y
- 23.00%
- 3Y*
- 12.15%
- 5Y*
- 8.13%
- 10Y*
- 9.68%
IBCJ.DE vs. 540J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 12.56% | 53.72% | -0.44% | 43.89% | -21.77% | 14.38% | -18.70% | -3.73% | -9.08% | 35.59% |
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 9.78% | 18.39% | 3.70% | 10.71% | -12.90% | 29.35% | 1.20% | 35.11% | -4.78% | 7.45% |
Correlation
The correlation between IBCJ.DE and 540J.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2011 | 0.41 |
The correlation between IBCJ.DE and 540J.DE shifts across timeframes, from 0.26 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCJ.DE vs. 540J.DE — Risk / Return Rank
IBCJ.DE
540J.DE
IBCJ.DE vs. 540J.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 MSCI Switzerland UCITS ETF EUR (540J.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.
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 | 540J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.91 | +1.24 |
| Martin ratioReturn relative to average drawdown | 7.68 | 6.72 | +0.96 |
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Drawdowns
IBCJ.DE vs. 540J.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -67.13%, which is greater than 540J.DE's maximum drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and 540J.DE.
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Drawdown Indicators
| IBCJ.DE | 540J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.13% | -26.00% | -41.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -11.98% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.52% | -15.78% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -47.29% | -17.64% | -29.65% |
Max Drawdown (10Y)Largest decline over 10 years | -56.09% | -26.00% | -30.09% |
Current DrawdownCurrent decline from peak | -6.09% | -0.66% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -39.30% | -5.64% | -33.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.41% | +0.69% |
Volatility
IBCJ.DE vs. 540J.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 6.18% compared to Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) at 4.43%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than 540J.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 | 540J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 4.43% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 17.90% | 10.90% | +7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.27% | 13.69% | +9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 13.64% | +13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.95% | 14.04% | +10.91% |
IBCJ.DE vs. 540J.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than 540J.DE's 0.25% expense ratio.
Dividends
IBCJ.DE vs. 540J.DE - Dividend Comparison
Neither IBCJ.DE nor 540J.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and 540J.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 540J.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE is cheaper with a 0.25% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while 540J.DE tracks MSCI Switzerland. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.74% for IBCJ.DE and 0.25% for 540J.DE.
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