IBCJ.DE vs. IUSQ.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - IBCJ.DE is a Europe Equities fund tracking the MSCI Poland, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 12.38%/yr for IUSQ.DE. At a 0.50 correlation, their price movements are largely independent. IBCJ.DE charges 0.74%/yr vs 0.20%/yr for IUSQ.DE.
Performance
IBCJ.DE vs. IUSQ.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 IUSQ.DE's 12.65% return. Over the past 10 years, IBCJ.DE has underperformed IUSQ.DE with an annualized return of 9.17%, while IUSQ.DE has yielded a comparatively higher 12.38% annualized return.
IBCJ.DE
- 1D
- 0.17%
- 1M
- 5.66%
- YTD
- 16.30%
- 6M
- 25.77%
- 1Y
- 38.98%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
IUSQ.DE
- 1D
- -0.23%
- 1M
- 5.01%
- YTD
- 12.65%
- 6M
- 13.33%
- 1Y
- 26.56%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
IBCJ.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between IBCJ.DE and IUSQ.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2011 | 0.50 |
The correlation between IBCJ.DE and IUSQ.DE has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. IUSQ.DE — Risk / Return Rank
IBCJ.DE
IUSQ.DE
IBCJ.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 4.08 | -0.18 |
| Martin ratioReturn relative to average drawdown | 9.60 | 16.69 | -7.09 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.31 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.88 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.82 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.76 | -0.62 |
Drawdowns
IBCJ.DE vs. IUSQ.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than IUSQ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and IUSQ.DE.
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Drawdown Indicators
| IBCJ.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -33.60% | -22.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -6.48% | -3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -21.25% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -21.25% | -26.06% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -33.60% | -22.51% |
Current DrawdownCurrent decline from peak | -1.16% | -0.55% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -4.19% | -15.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 1.59% | +2.46% |
Volatility
IBCJ.DE vs. IUSQ.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.03%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 3.03% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 8.26% | +9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 11.47% | +12.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 13.94% | +12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 15.02% | +10.13% |
IBCJ.DE vs. IUSQ.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
IBCJ.DE vs. IUSQ.DE - Dividend Comparison
Neither IBCJ.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and IUSQ.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE is categorized as Europe Equities, while IUSQ.DE is Global Equities. IBCJ.DE tracks MSCI Poland, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.74% for IBCJ.DE and 0.20% for IUSQ.DE.
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