IBCJ.DE vs. SXRY.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares - IBCJ.DE tracks the MSCI Poland while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 15.00%/yr for SXRY.DE. A 0.53 correlation means they provide meaningful diversification when combined. IBCJ.DE charges 0.74%/yr vs 0.33%/yr for SXRY.DE.
Performance
IBCJ.DE vs. SXRY.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 SXRY.DE's 14.40% return. Over the past 10 years, IBCJ.DE has underperformed SXRY.DE with an annualized return of 9.17%, while SXRY.DE has yielded a comparatively higher 15.00% annualized return.
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%
SXRY.DE
- 1D
- 0.28%
- 1M
- 2.66%
- YTD
- 14.40%
- 6M
- 18.51%
- 1Y
- 29.82%
- 3Y*
- 28.94%
- 5Y*
- 19.74%
- 10Y*
- 15.00%
IBCJ.DE vs. SXRY.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% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 14.40% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between IBCJ.DE and SXRY.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.53 |
The correlation between IBCJ.DE and SXRY.DE has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. SXRY.DE — Risk / Return Rank
IBCJ.DE
SXRY.DE
IBCJ.DE vs. SXRY.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 FTSE MIB UCITS ETF (Acc) (SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.16 | +0.73 |
| Martin ratioReturn relative to average drawdown | 9.60 | 11.35 | -1.75 |
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 | SXRY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.92 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.07 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.74 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.38 | -0.23 |
Drawdowns
IBCJ.DE vs. SXRY.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than SXRY.DE's maximum drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and SXRY.DE.
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Drawdown Indicators
| IBCJ.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -43.59% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -9.69% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -17.61% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -25.00% | -22.31% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -40.81% | -15.30% |
Current DrawdownCurrent decline from peak | -1.16% | -0.76% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -11.63% | -7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.70% | +1.35% |
Volatility
IBCJ.DE vs. SXRY.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) at 4.82%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 4.82% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 12.56% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 15.91% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 18.28% | +8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 20.18% | +4.97% |
IBCJ.DE vs. SXRY.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than SXRY.DE's 0.33% expense ratio.
Dividends
IBCJ.DE vs. SXRY.DE - Dividend Comparison
Neither IBCJ.DE nor SXRY.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and SXRY.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRY.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRY.DE is cheaper with a 0.33% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while SXRY.DE tracks FTSE MIB. Their fees differ too: 0.74% for IBCJ.DE and 0.33% for SXRY.DE.
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