IBCJ.DE vs. H4ZZ.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - IBCJ.DE tracks the MSCI Poland while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, IBCJ.DE returned 31.57% vs 21.69% for H4ZZ.DE. A 0.61 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
IBCJ.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCJ.DE achieves a 12.56% return, which is significantly higher than H4ZZ.DE's 9.44% return.
IBCJ.DE
- 1D
- -0.94%
- 1M
- -3.12%
- YTD
- 12.56%
- 6M
- 13.21%
- 1Y
- 31.57%
- 3Y*
- 27.81%
- 5Y*
- 13.94%
- 10Y*
- 9.25%
H4ZZ.DE
- 1D
- -0.68%
- 1M
- 2.65%
- YTD
- 9.44%
- 6M
- 10.41%
- 1Y
- 21.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCJ.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 12.56% | 53.72% | -8.96% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 9.44% | 22.35% | -2.42% |
Correlation
The correlation between IBCJ.DE and H4ZZ.DE is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.61 |
The correlation between IBCJ.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. H4ZZ.DE — Risk / Return Rank
IBCJ.DE
H4ZZ.DE
IBCJ.DE vs. H4ZZ.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 HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.97 | +1.18 |
| Martin ratioReturn relative to average drawdown | 7.68 | 6.84 | +0.84 |
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Drawdowns
IBCJ.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -67.13%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and H4ZZ.DE.
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Drawdown Indicators
| IBCJ.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.13% | -16.46% | -50.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -10.94% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -18.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.09% | — | — |
Current DrawdownCurrent decline from peak | -6.09% | -1.50% | -4.59% |
Average DrawdownAverage peak-to-trough decline | -39.30% | -2.66% | -36.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.16% | +0.94% |
Volatility
IBCJ.DE vs. H4ZZ.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 6.18% compared to HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) at 3.61%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 3.61% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.90% | 13.19% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.27% | 15.96% | +7.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 16.80% | +9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.95% | 16.80% | +8.15% |
IBCJ.DE vs. H4ZZ.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
IBCJ.DE vs. H4ZZ.DE - Dividend Comparison
Neither IBCJ.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and H4ZZ.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for IBCJ.DE and 0.05% for H4ZZ.DE.
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