IBCJ.DE vs. EXSB.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and EXSB.DE (iShares DivDAX UCITS ETF (DE)) are both Europe Equities funds from iShares - IBCJ.DE tracks the MSCI Poland while EXSB.DE tracks the DivDAX®. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 7.59%/yr for EXSB.DE. A 0.55 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.31%/yr for EXSB.DE.
Performance
IBCJ.DE vs. EXSB.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 EXSB.DE's 1.54% return. Over the past 10 years, IBCJ.DE has outperformed EXSB.DE with an annualized return of 9.17%, while EXSB.DE has yielded a comparatively lower 7.59% 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%
EXSB.DE
- 1D
- -0.71%
- 1M
- -0.92%
- YTD
- 1.54%
- 6M
- 3.75%
- 1Y
- 8.12%
- 3Y*
- 9.41%
- 5Y*
- 5.53%
- 10Y*
- 7.59%
IBCJ.DE vs. EXSB.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% |
EXSB.DE iShares DivDAX UCITS ETF (DE) | 1.54% | 21.72% | 4.26% | 17.02% | -11.05% | 13.58% | 2.20% | 23.19% | -16.62% | 13.85% |
Correlation
The correlation between IBCJ.DE and EXSB.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.55 |
The correlation between IBCJ.DE and EXSB.DE has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. EXSB.DE — Risk / Return Rank
IBCJ.DE
EXSB.DE
IBCJ.DE vs. EXSB.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 DivDAX UCITS ETF (DE) (EXSB.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 | EXSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.11 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 0.82 | +3.08 |
| Martin ratioReturn relative to average drawdown | 9.60 | 2.26 | +7.33 |
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 | EXSB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.55 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.32 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.40 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.34 | -0.20 |
Drawdowns
IBCJ.DE vs. EXSB.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, smaller than the maximum EXSB.DE drawdown of -60.17%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and EXSB.DE.
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Drawdown Indicators
| IBCJ.DE | EXSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -60.17% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -9.88% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -15.89% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -25.49% | -21.82% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -41.68% | -14.43% |
Current DrawdownCurrent decline from peak | -1.16% | -5.13% | +3.97% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -12.25% | -7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 3.58% | +0.47% |
Volatility
IBCJ.DE vs. EXSB.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to iShares DivDAX UCITS ETF (DE) (EXSB.DE) at 3.57%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than EXSB.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 | EXSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 3.57% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 11.51% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 14.64% | +8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 16.99% | +9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 18.65% | +6.50% |
IBCJ.DE vs. EXSB.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than EXSB.DE's 0.31% expense ratio.
Dividends
IBCJ.DE vs. EXSB.DE - Dividend Comparison
IBCJ.DE has not paid dividends to shareholders, while EXSB.DE's dividend yield for the trailing twelve months is around 3.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSB.DE iShares DivDAX UCITS ETF (DE) | 3.06% | 3.11% | 3.50% | 4.55% | 3.19% | 2.17% | 2.19% | 2.36% | 2.77% | 1.65% | 2.53% | 3.23% |
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 EXSB.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSB.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSB.DE is cheaper with a 0.31% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while EXSB.DE tracks DivDAX®. Their fees differ too: 0.74% for IBCJ.DE and 0.31% for EXSB.DE.
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