IBCJ.DE vs. CEMQ.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both Europe Equities funds from iShares - IBCJ.DE tracks the MSCI Poland while CEMQ.DE tracks the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 7.82%/yr for CEMQ.DE. A 0.53 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.25%/yr for CEMQ.DE.
Performance
IBCJ.DE vs. CEMQ.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 CEMQ.DE's 4.17% return. Over the past 10 years, IBCJ.DE has outperformed CEMQ.DE with an annualized return of 9.17%, while CEMQ.DE has yielded a comparatively lower 7.82% 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%
CEMQ.DE
- 1D
- 0.82%
- 1M
- 1.24%
- YTD
- 4.17%
- 6M
- 5.97%
- 1Y
- 6.77%
- 3Y*
- 7.83%
- 5Y*
- 5.86%
- 10Y*
- 7.82%
IBCJ.DE vs. CEMQ.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% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 4.17% | 10.17% | 3.72% | 14.50% | -11.87% | 26.64% | 1.09% | 32.48% | -7.31% | 10.34% |
Correlation
The correlation between IBCJ.DE and CEMQ.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.53 |
The correlation between IBCJ.DE and CEMQ.DE has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. CEMQ.DE — Risk / Return Rank
IBCJ.DE
CEMQ.DE
IBCJ.DE vs. CEMQ.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 iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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 | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.11 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 0.80 | +3.09 |
| Martin ratioReturn relative to average drawdown | 9.60 | 2.14 | +7.46 |
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 | CEMQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.57 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.41 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.52 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.48 | -0.33 |
Drawdowns
IBCJ.DE vs. CEMQ.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than CEMQ.DE's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and CEMQ.DE.
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Drawdown Indicators
| IBCJ.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -33.74% | -22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -8.40% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -14.90% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -19.69% | -27.62% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -33.74% | -22.37% |
Current DrawdownCurrent decline from peak | -1.16% | -2.60% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -5.35% | -14.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 3.17% | +0.88% |
Volatility
IBCJ.DE vs. CEMQ.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 3.97%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than CEMQ.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 | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 3.97% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 9.53% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 11.93% | +11.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 14.02% | +12.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 15.02% | +10.13% |
IBCJ.DE vs. CEMQ.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than CEMQ.DE's 0.25% expense ratio.
Dividends
IBCJ.DE vs. CEMQ.DE - Dividend Comparison
Neither IBCJ.DE nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and CEMQ.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMQ.DE is cheaper with a 0.25% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. Their fees differ too: 0.74% for IBCJ.DE and 0.25% for CEMQ.DE.
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