IBCJ.DE vs. EUNA.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IBCJ.DE is a Europe Equities fund tracking the MSCI Poland, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, IBCJ.DE returned 14.80%/yr vs -1.29%/yr for EUNA.DE. At a 0.03 correlation, their price movements are largely independent. IBCJ.DE charges 0.74%/yr vs 0.10%/yr for EUNA.DE.
Performance
IBCJ.DE vs. EUNA.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 EUNA.DE's -0.46% 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%
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IBCJ.DE vs. EUNA.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% | 3.04% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
Correlation
The correlation between IBCJ.DE and EUNA.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.03 |
Over the past year, IBCJ.DE and EUNA.DE have become more correlated (0.25) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
IBCJ.DE vs. EUNA.DE — Risk / Return Rank
IBCJ.DE
EUNA.DE
IBCJ.DE vs. EUNA.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 Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.06 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 0.43 | +3.47 |
| Martin ratioReturn relative to average drawdown | 9.60 | 1.18 | +8.42 |
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 | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.34 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.28 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -0.05 | +0.20 |
Drawdowns
IBCJ.DE vs. EUNA.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and EUNA.DE.
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Drawdown Indicators
| IBCJ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -17.79% | -38.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -2.75% | -7.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -4.02% | -14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -17.03% | -30.28% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | — | — |
Current DrawdownCurrent decline from peak | -1.16% | -8.66% | +7.50% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -6.76% | -12.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 0.99% | +3.06% |
Volatility
IBCJ.DE vs. EUNA.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 1.35% | +5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 2.82% | +14.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 3.46% | +20.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 4.64% | +22.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 4.27% | +20.88% |
IBCJ.DE vs. EUNA.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
IBCJ.DE vs. EUNA.DE - Dividend Comparison
Neither IBCJ.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and EUNA.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE is categorized as Europe Equities, while EUNA.DE is Global Bonds. IBCJ.DE tracks MSCI Poland, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.74% for IBCJ.DE and 0.10% for EUNA.DE.
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