IBCJ.DE vs. GLD
Compare and contrast key facts about iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) and SPDR Gold Shares (GLD).
IBCJ.DE and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBCJ.DE is a passively managed fund by iShares that tracks the performance of the MSCI Poland. It was launched on Jan 21, 2011. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both IBCJ.DE and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBCJ.DE vs. GLD - Performance Comparison
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IBCJ.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 5.45% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -3.73% | -9.07% | 35.59% |
GLD SPDR Gold Shares | 12.17% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | 14.53% | 20.52% | 2.66% | -1.05% |
Different Trading Currencies
IBCJ.DE is traded in EUR, while GLD is traded in USD. To make them comparable, the GLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCJ.DE achieves a 5.45% return, which is significantly lower than GLD's 10.30% return. Over the past 10 years, IBCJ.DE has underperformed GLD with an annualized return of 6.80%, while GLD has yielded a comparatively higher 13.75% annualized return.
IBCJ.DE
- 1D
- 3.04%
- 1M
- -0.65%
- YTD
- 5.45%
- 6M
- 19.31%
- 1Y
- 26.74%
- 3Y*
- 33.87%
- 5Y*
- 16.47%
- 10Y*
- 6.80%
GLD
- 1D
- 0.00%
- 1M
- -11.22%
- YTD
- 10.30%
- 6M
- 22.63%
- 1Y
- 39.68%
- 3Y*
- 30.10%
- 5Y*
- 22.03%
- 10Y*
- 13.75%
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IBCJ.DE vs. GLD - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than GLD's 0.40% expense ratio.
Return for Risk
IBCJ.DE vs. GLD — Risk / Return Rank
IBCJ.DE
GLD
IBCJ.DE vs. GLD - 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 SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.55 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.99 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.32 | +0.26 |
Martin ratioReturn relative to average drawdown | 6.00 | 8.00 | -2.00 |
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 | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.55 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.34 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.93 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.67 | -0.55 |
Correlation
The correlation between IBCJ.DE and GLD is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IBCJ.DE vs. GLD - Dividend Comparison
Neither IBCJ.DE nor GLD has paid dividends to shareholders.
Drawdowns
IBCJ.DE vs. GLD - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than GLD's maximum drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and GLD.
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Drawdown Indicators
| IBCJ.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -45.56% | -10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.11% | -19.21% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -21.03% | -26.28% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -22.00% | -34.11% |
Current DrawdownCurrent decline from peak | -3.52% | -11.71% | +8.19% |
Average DrawdownAverage peak-to-trough decline | -19.57% | -16.17% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 5.25% | -0.96% |
Volatility
IBCJ.DE vs. GLD - Volatility Comparison
The current volatility for iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) is 8.54%, while SPDR Gold Shares (GLD) has a volatility of 10.37%. This indicates that IBCJ.DE experiences smaller price fluctuations and is considered to be less risky than GLD 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 | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 10.37% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 23.27% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.82% | 25.71% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.57% | 16.48% | +10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.10% | 14.82% | +10.28% |