IBCJ.DE vs. EXS2.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds from iShares - IBCJ.DE tracks the MSCI Poland while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 9.01%/yr for EXS2.DE. At a 0.49 correlation, their price movements are largely independent. IBCJ.DE charges 0.74%/yr vs 0.51%/yr for EXS2.DE.
Performance
IBCJ.DE vs. EXS2.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBCJ.DE having a 16.30% return and EXS2.DE slightly lower at 15.70%. Both investments have delivered pretty close results over the past 10 years, with IBCJ.DE having a 9.17% annualized return and EXS2.DE not far behind at 9.01%.
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%
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
IBCJ.DE vs. EXS2.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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
Correlation
The correlation between IBCJ.DE and EXS2.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
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. EXS2.DE — Risk / Return Rank
IBCJ.DE
EXS2.DE
IBCJ.DE vs. EXS2.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 TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.07 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 0.40 | +3.50 |
| Martin ratioReturn relative to average drawdown | 9.60 | 0.80 | +8.80 |
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 | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.36 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.20 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.46 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.14 | +0.01 |
Drawdowns
IBCJ.DE vs. EXS2.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and EXS2.DE.
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Drawdown Indicators
| IBCJ.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -84.49% | +28.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -16.12% | +6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -17.93% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -34.97% | -12.34% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -34.97% | -21.14% |
Current DrawdownCurrent decline from peak | -1.16% | -0.81% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -39.46% | +20.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 8.07% | -4.02% |
Volatility
IBCJ.DE vs. EXS2.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to iShares TecDAX UCITS ETF (DE) (EXS2.DE) at 5.29%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 5.29% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 14.25% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 17.83% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 18.80% | +7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 19.47% | +5.68% |
IBCJ.DE vs. EXS2.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than EXS2.DE's 0.51% expense ratio.
Dividends
IBCJ.DE vs. EXS2.DE - Dividend Comparison
Neither IBCJ.DE nor EXS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
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 EXS2.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXS2.DE is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXS2.DE is cheaper with a 0.51% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while EXS2.DE tracks TecDAX®. Their fees differ too: 0.74% for IBCJ.DE and 0.51% for EXS2.DE.
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