IBCJ.DE vs. EUNL.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IBCJ.DE is a Europe Equities fund tracking the MSCI Poland, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 12.82%/yr for EUNL.DE. At a 0.49 correlation, their price movements are largely independent. IBCJ.DE charges 0.74%/yr vs 0.20%/yr for EUNL.DE.
Performance
IBCJ.DE vs. EUNL.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 EUNL.DE's 10.86% return. Over the past 10 years, IBCJ.DE has underperformed EUNL.DE with an annualized return of 9.17%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IBCJ.DE
- 1D
- 0.17%
- 1M
- 1.95%
- YTD
- 16.30%
- 6M
- 26.50%
- 1Y
- 40.90%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
IBCJ.DE vs. EUNL.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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between IBCJ.DE and EUNL.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.49 |
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Return for Risk
IBCJ.DE vs. EUNL.DE — Risk / Return Rank
IBCJ.DE
EUNL.DE
IBCJ.DE vs. EUNL.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 MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.64 | +0.25 |
| Martin ratioReturn relative to average drawdown | 9.60 | 14.52 | -4.92 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.12 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.90 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.84 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.82 | -0.67 |
Drawdowns
IBCJ.DE vs. EUNL.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and EUNL.DE.
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Drawdown Indicators
| IBCJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -33.63% | -22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -6.50% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -21.73% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -21.73% | -25.58% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -33.63% | -22.48% |
Current DrawdownCurrent decline from peak | -1.16% | -0.31% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -4.25% | -15.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 1.64% | +2.41% |
Volatility
IBCJ.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 2.62% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 7.72% | +9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 11.16% | +12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 14.17% | +12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 15.17% | +9.98% |
IBCJ.DE vs. EUNL.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
IBCJ.DE vs. EUNL.DE - Dividend Comparison
Neither IBCJ.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and EUNL.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE is categorized as Europe Equities, while EUNL.DE is Global Equities. IBCJ.DE tracks MSCI Poland, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.74% for IBCJ.DE and 0.20% for EUNL.DE.
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