IBCJ.DE vs. ISPA.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - IBCJ.DE is a Europe Equities fund tracking the MSCI Poland, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 8.98%/yr for ISPA.DE. A 0.51 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.46%/yr for ISPA.DE.
Performance
IBCJ.DE vs. ISPA.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 ISPA.DE's 13.48% return. Both investments have delivered pretty close results over the past 10 years, with IBCJ.DE having a 9.17% annualized return and ISPA.DE not far behind at 8.98%.
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%
ISPA.DE
- 1D
- 0.49%
- 1M
- 1.28%
- YTD
- 13.48%
- 6M
- 15.35%
- 1Y
- 29.45%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
IBCJ.DE vs. ISPA.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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 22.39% | -9.12% | 24.24% | -7.51% | 2.97% |
Correlation
The correlation between IBCJ.DE and ISPA.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.51 |
The correlation between IBCJ.DE and ISPA.DE has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. ISPA.DE — Risk / Return Rank
IBCJ.DE
ISPA.DE
IBCJ.DE vs. ISPA.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 STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.62 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 8.10 | -4.20 |
| Martin ratioReturn relative to average drawdown | 9.60 | 28.73 | -19.13 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 3.35 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.91 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.60 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.68 | -0.53 |
Drawdowns
IBCJ.DE vs. ISPA.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than ISPA.DE's maximum drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and ISPA.DE.
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Drawdown Indicators
| IBCJ.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -38.91% | -17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -3.63% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -15.10% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -15.10% | -32.21% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -38.91% | -17.20% |
Current DrawdownCurrent decline from peak | -1.16% | -1.09% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -4.46% | -14.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 1.03% | +3.02% |
Volatility
IBCJ.DE vs. ISPA.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) at 2.62%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 2.62% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 6.51% | +11.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 8.77% | +14.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 12.00% | +14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 14.79% | +10.36% |
IBCJ.DE vs. ISPA.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than ISPA.DE's 0.46% expense ratio.
Dividends
IBCJ.DE vs. ISPA.DE - Dividend Comparison
IBCJ.DE has not paid dividends to shareholders, while ISPA.DE's dividend yield for the trailing twelve months is around 3.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
IBCJ.DE and ISPA.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISPA.DE is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPA.DE is cheaper with a 0.46% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE is categorized as Europe Equities, while ISPA.DE is Global Equities. IBCJ.DE tracks MSCI Poland, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.74% for IBCJ.DE and 0.46% for ISPA.DE.
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