IBCJ.DE vs. EXXX.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds from iShares - IBCJ.DE tracks the MSCI Poland while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.24%/yr vs 14.21%/yr for EXXX.DE. A 0.54 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.32%/yr for EXXX.DE.
Performance
IBCJ.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCJ.DE achieves a 17.97% return, which is significantly lower than EXXX.DE's 22.53% return. Over the past 10 years, IBCJ.DE has underperformed EXXX.DE with an annualized return of 9.24%, while EXXX.DE has yielded a comparatively higher 14.21% annualized return.
IBCJ.DE
- 1D
- -1.13%
- 1M
- -1.57%
- 6M
- 13.29%
- YTD
- 17.97%
- 1Y
- 32.76%
- 3Y*
- 27.38%
- 5Y*
- 15.53%
- 10Y*
- 9.24%
EXXX.DE
- 1D
- -1.55%
- 1M
- -2.82%
- 6M
- 19.05%
- YTD
- 22.53%
- 1Y
- 45.03%
- 3Y*
- 30.20%
- 5Y*
- 17.45%
- 10Y*
- 14.21%
IBCJ.DE vs. EXXX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 17.97% | 53.72% | -0.44% | 43.89% | -21.77% | 14.38% | -18.70% | -3.73% | -9.08% | 35.59% |
EXXX.DE iShares ATX UCITS ETF (DE) | 22.53% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between IBCJ.DE and EXXX.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2011 | 0.54 |
The correlation between IBCJ.DE and EXXX.DE has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. EXXX.DE — Risk / Return Rank
IBCJ.DE
EXXX.DE
IBCJ.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBCJ.DE | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 4.19 | -0.92 |
| Martin ratioReturn relative to average drawdown | 7.84 | 14.04 | -6.20 |
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Drawdowns
IBCJ.DE vs. EXXX.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -67.13%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and EXXX.DE.
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Drawdown Indicators
| IBCJ.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.13% | -71.43% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -10.71% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.52% | -16.11% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -47.29% | -32.69% | -14.60% |
Max Drawdown (10Y)Largest decline over 10 years | -56.09% | -52.90% | -3.19% |
Current DrawdownCurrent decline from peak | -1.66% | -3.48% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -39.16% | -28.47% | -10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 3.20% | +0.96% |
Volatility
IBCJ.DE vs. EXXX.DE - Volatility Comparison
The current volatility for iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) is 4.31%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 4.88%. This indicates that IBCJ.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 4.88% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.59% | 14.74% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 17.54% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.71% | 19.15% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.92% | 19.93% | +4.99% |
IBCJ.DE vs. EXXX.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than EXXX.DE's 0.32% expense ratio.
Dividends
IBCJ.DE vs. EXXX.DE - Dividend Comparison
IBCJ.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 3.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXXX.DE iShares ATX UCITS ETF (DE) | 3.01% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
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 EXXX.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXXX.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXXX.DE is cheaper with a 0.32% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while EXXX.DE tracks ATX Index. Their fees differ too: 0.74% for IBCJ.DE and 0.32% for EXXX.DE.
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