IS3G.DE vs. IBCJ.DE
IS3G.DE (iShares MSCI EMU Large Cap UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - IS3G.DE tracks the MSCI EMU Large Cap while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, IS3G.DE returned 9.99%/yr vs 9.17%/yr for IBCJ.DE. A 0.55 correlation means they provide meaningful diversification when combined. IS3G.DE charges 0.49%/yr vs 0.74%/yr for IBCJ.DE.
Performance
IS3G.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3G.DE achieves a 8.74% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, IS3G.DE has outperformed IBCJ.DE with an annualized return of 9.99%, while IBCJ.DE has yielded a comparatively lower 9.17% annualized return.
IS3G.DE
- 1D
- 0.53%
- 1M
- 2.36%
- YTD
- 8.74%
- 6M
- 10.30%
- 1Y
- 17.41%
- 3Y*
- 15.08%
- 5Y*
- 10.43%
- 10Y*
- 9.99%
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%
IS3G.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3G.DE iShares MSCI EMU Large Cap UCITS ETF | 8.74% | 22.66% | 8.54% | 20.59% | -11.41% | 23.35% | -2.21% | 29.80% | -12.63% | 11.55% |
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% |
Correlation
The correlation between IS3G.DE and IBCJ.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2013 | 0.55 |
The correlation between IS3G.DE and IBCJ.DE has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
IS3G.DE vs. IBCJ.DE — Risk / Return Rank
IS3G.DE
IBCJ.DE
IS3G.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) and iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.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.
| IS3G.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.90 | -2.23 |
| Martin ratioReturn relative to average drawdown | 5.99 | 9.60 | -3.60 |
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
| IS3G.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.65 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.55 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.36 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.15 | +0.36 |
Drawdowns
IS3G.DE vs. IBCJ.DE - Drawdown Comparison
The maximum IS3G.DE drawdown since its inception was -38.66%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for IS3G.DE and IBCJ.DE.
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Drawdown Indicators
| IS3G.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -56.11% | +17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -9.96% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -18.47% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -47.31% | +23.17% |
Max Drawdown (10Y)Largest decline over 10 years | -38.66% | -56.11% | +17.45% |
Current DrawdownCurrent decline from peak | -0.30% | -1.16% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -19.38% | +13.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 4.05% | -1.11% |
Volatility
IS3G.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) is 4.90%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that IS3G.DE experiences smaller price fluctuations and is considered to be less risky than IBCJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3G.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 7.13% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 17.61% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 23.48% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 26.72% | -10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 25.15% | -7.74% |
IS3G.DE vs. IBCJ.DE - Expense Ratio Comparison
IS3G.DE has a 0.49% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
IS3G.DE vs. IBCJ.DE - Dividend Comparison
Neither IS3G.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3G.DE and IBCJ.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3G.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3G.DE is cheaper with a 0.49% expense ratio, compared with 0.74% for IBCJ.DE.
IS3G.DE tracks MSCI EMU Large Cap, while IBCJ.DE tracks MSCI Poland. Their fees differ too: 0.49% for IS3G.DE and 0.74% for IBCJ.DE.
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