IBCJ.DE vs. ZPRL.DE
IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - IBCJ.DE tracks the MSCI Poland while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 10 years, IBCJ.DE returned 9.17%/yr vs 6.55%/yr for ZPRL.DE. At a 0.49 correlation, their price movements are largely independent. IBCJ.DE charges 0.74%/yr vs 0.30%/yr for ZPRL.DE.
Performance
IBCJ.DE vs. ZPRL.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 ZPRL.DE's 5.19% return. Over the past 10 years, IBCJ.DE has outperformed ZPRL.DE with an annualized return of 9.17%, while ZPRL.DE has yielded a comparatively lower 6.55% 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%
ZPRL.DE
- 1D
- 0.22%
- 1M
- -0.23%
- YTD
- 5.19%
- 6M
- 6.78%
- 1Y
- 5.74%
- 3Y*
- 11.19%
- 5Y*
- 7.05%
- 10Y*
- 6.55%
IBCJ.DE vs. ZPRL.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% |
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 5.19% | 18.48% | 7.41% | 12.34% | -14.65% | 17.34% | -5.25% | 22.05% | -8.17% | 15.38% |
Correlation
The correlation between IBCJ.DE and ZPRL.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2014 | 0.49 |
The correlation between IBCJ.DE and ZPRL.DE has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.
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Return for Risk
IBCJ.DE vs. ZPRL.DE — Risk / Return Rank
IBCJ.DE
ZPRL.DE
IBCJ.DE vs. ZPRL.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 SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.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 | ZPRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.11 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 0.72 | +3.18 |
| Martin ratioReturn relative to average drawdown | 9.60 | 2.02 | +7.58 |
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 | ZPRL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.62 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.59 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.48 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.53 | -0.39 |
Drawdowns
IBCJ.DE vs. ZPRL.DE - Drawdown Comparison
The maximum IBCJ.DE drawdown since its inception was -56.11%, which is greater than ZPRL.DE's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for IBCJ.DE and ZPRL.DE.
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Drawdown Indicators
| IBCJ.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -35.35% | -20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -7.97% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -9.37% | -9.10% |
Max Drawdown (5Y)Largest decline over 5 years | -47.31% | -23.37% | -23.94% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -35.35% | -20.76% |
Current DrawdownCurrent decline from peak | -1.16% | -3.70% | +2.54% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -5.39% | -13.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.84% | +1.21% |
Volatility
IBCJ.DE vs. ZPRL.DE - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a higher volatility of 7.13% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.90%. This indicates that IBCJ.DE's price experiences larger fluctuations and is considered to be riskier than ZPRL.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 | ZPRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 2.90% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 7.65% | +9.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 9.22% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 11.89% | +14.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 13.60% | +11.55% |
IBCJ.DE vs. ZPRL.DE - Expense Ratio Comparison
IBCJ.DE has a 0.74% expense ratio, which is higher than ZPRL.DE's 0.30% expense ratio.
Dividends
IBCJ.DE vs. ZPRL.DE - Dividend Comparison
Neither IBCJ.DE nor ZPRL.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCJ.DE and ZPRL.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRL.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRL.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
IBCJ.DE tracks MSCI Poland, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: iShares and State Street. Their fees differ too: 0.74% for IBCJ.DE and 0.30% for ZPRL.DE.
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