IBCJ.DE vs. PRAE.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - IBCJ.DE tracks the MSCI Poland while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, IBCJ.DE returned 14.80%/yr vs 10.04%/yr for PRAE.DE. A 0.55 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.05%/yr for PRAE.DE.
Performance
IBCJ.DE vs. PRAE.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 PRAE.DE's 7.71% 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%
PRAE.DE
- 1D
- 0.23%
- 1M
- 3.06%
- YTD
- 7.71%
- 6M
- 10.19%
- 1Y
- 16.77%
- 3Y*
- 13.87%
- 5Y*
- 10.04%
- 10Y*
- —
IBCJ.DE vs. PRAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.61% |
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 15.73% | -9.25% | 25.29% | -4.31% |
Correlation
The correlation between IBCJ.DE and PRAE.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.55 |
The correlation between IBCJ.DE and PRAE.DE has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. PRAE.DE — Risk / Return Rank
IBCJ.DE
PRAE.DE
IBCJ.DE vs. PRAE.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 Amundi Prime Europe UCITS ETF (PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 1.75 | +2.15 |
| Martin ratioReturn relative to average drawdown | 9.60 | 6.64 | +2.96 |
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 | PRAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.29 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.69 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.54 | -0.40 |
Drawdowns
IBCJ.DE vs. PRAE.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than PRAE.DE's maximum drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and PRAE.DE.
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Drawdown Indicators
| IBCJ.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -32.86% | -23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -9.54% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -16.94% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -19.60% | -27.71% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | — | — |
Current DrawdownCurrent decline from peak | -1.16% | -1.63% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -5.27% | -14.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.52% | +1.53% |
Volatility
IBCJ.DE vs. PRAE.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to Amundi Prime Europe UCITS ETF (PRAE.DE) at 4.39%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 4.39% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 10.66% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 12.97% | +10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 14.42% | +12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 17.22% | +7.93% |
IBCJ.DE vs. PRAE.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than PRAE.DE's 0.05% expense ratio.
Dividends
IBCJ.DE vs. PRAE.DE - Dividend Comparison
Neither IBCJ.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and PRAE.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.74% for IBCJ.DE and 0.05% for PRAE.DE.
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