IBCJ.DE vs. EPOL
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and EPOL (iShares MSCI Poland ETF) are both Europe Equities funds from iShares - IBCJ.DE tracks the MSCI Poland while EPOL tracks the MSCI Poland Investable Market Index. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 11.19%/yr for EPOL. A 0.80 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.61%/yr for EPOL.
Performance
IBCJ.DE vs. EPOL - Performance Comparison
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Different Trading Currencies
IBCJ.DE is traded in EUR, while EPOL is traded in USD. To make them comparable, the EPOL values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IBCJ.DE having a 16.30% return and EPOL slightly lower at 16.00%. Over the past 10 years, IBCJ.DE has underperformed EPOL with an annualized return of 9.17%, while EPOL has yielded a comparatively higher 11.19% 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%
EPOL
- 1D
- 0.84%
- 1M
- 4.61%
- YTD
- 16.00%
- 6M
- 24.76%
- 1Y
- 38.10%
- 3Y*
- 32.54%
- 5Y*
- 17.08%
- 10Y*
- 11.19%
IBCJ.DE vs. EPOL - 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% |
EPOL iShares MSCI Poland ETF | 16.00% | 56.29% | 3.82% | 46.18% | -19.95% | 20.60% | -15.93% | -4.01% | -9.71% | 33.70% |
Correlation
The correlation between IBCJ.DE and EPOL is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.80 |
The correlation between IBCJ.DE and EPOL has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. EPOL — Risk / Return Rank
IBCJ.DE
EPOL
IBCJ.DE vs. EPOL - 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 MSCI Poland ETF (EPOL). 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 | EPOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 4.22 | -0.32 |
| Martin ratioReturn relative to average drawdown | 9.60 | 10.90 | -1.30 |
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 | EPOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.81 | -0.15 |
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 | 0.44 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.25 | -0.11 |
Drawdowns
IBCJ.DE vs. EPOL - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than EPOL's maximum drawdown of -52.18%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and EPOL.
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Drawdown Indicators
| IBCJ.DE | EPOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -52.18% | -3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -9.08% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -17.83% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -45.52% | -1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -52.18% | -3.93% |
Current DrawdownCurrent decline from peak | -1.16% | -0.28% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -16.63% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 3.51% | +0.54% |
Volatility
IBCJ.DE vs. EPOL - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) and iShares MSCI Poland ETF (EPOL) have volatilities of 7.13% and 6.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCJ.DE | EPOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 6.84% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 15.45% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 21.20% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 26.07% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 25.34% | -0.19% |
IBCJ.DE vs. EPOL - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than EPOL's 0.61% expense ratio.
Dividends
IBCJ.DE vs. EPOL - Dividend Comparison
IBCJ.DE has not paid dividends to shareholders, while EPOL's dividend yield for the trailing twelve months is around 4.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPOL iShares MSCI Poland ETF | 4.17% | 4.78% | 6.04% | 2.87% | 2.65% | 1.33% | 1.44% | 2.51% | 1.44% | 1.88% | 2.14% | 2.53% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBCJ.DE and EPOL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EPOL is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EPOL is cheaper with a 0.61% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while EPOL tracks MSCI Poland Investable Market Index. Their fees differ too: 0.74% for IBCJ.DE and 0.61% for EPOL.
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