IS3U.DE vs. IBCJ.DE
IS3U.DE (iShares MSCI France UCITS ETF EUR (Acc)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - IS3U.DE tracks the MSCI France Index while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, IS3U.DE returned 9.25%/yr vs 9.17%/yr for IBCJ.DE. A 0.54 correlation means they provide meaningful diversification when combined. IS3U.DE charges 0.25%/yr vs 0.74%/yr for IBCJ.DE.
Performance
IS3U.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3U.DE achieves a 3.55% return, which is significantly lower than IBCJ.DE's 16.30% return. Both investments have delivered pretty close results over the past 10 years, with IS3U.DE having a 9.25% annualized return and IBCJ.DE not far behind at 9.17%.
IS3U.DE
- 1D
- 1.13%
- 1M
- 0.06%
- YTD
- 3.55%
- 6M
- 4.27%
- 1Y
- 8.44%
- 3Y*
- 7.55%
- 5Y*
- 7.56%
- 10Y*
- 9.25%
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%
IS3U.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3U.DE iShares MSCI France UCITS ETF EUR (Acc) | 3.55% | 14.48% | 0.41% | 17.60% | -6.82% | 28.35% | -4.13% | 31.67% | -9.06% | 14.42% |
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 IS3U.DE and IBCJ.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.54 |
The correlation between IS3U.DE and IBCJ.DE has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
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Return for Risk
IS3U.DE vs. IBCJ.DE — Risk / Return Rank
IS3U.DE
IBCJ.DE
IS3U.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.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.
| IS3U.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.90 | -3.14 |
| Martin ratioReturn relative to average drawdown | 2.37 | 9.60 | -7.22 |
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
| IS3U.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.65 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.55 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.36 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.15 | +0.34 |
Drawdowns
IS3U.DE vs. IBCJ.DE - Drawdown Comparison
The maximum IS3U.DE drawdown since its inception was -38.98%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for IS3U.DE and IBCJ.DE.
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Drawdown Indicators
| IS3U.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -56.11% | +17.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -9.96% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -18.47% | +2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -47.31% | +26.49% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -56.11% | +17.13% |
Current DrawdownCurrent decline from peak | -2.54% | -1.16% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -19.38% | +13.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 4.05% | -0.59% |
Volatility
IS3U.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) is 4.25%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that IS3U.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
| IS3U.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 7.13% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 17.61% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 23.48% | -9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 26.72% | -10.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 25.15% | -7.73% |
IS3U.DE vs. IBCJ.DE - Expense Ratio Comparison
IS3U.DE has a 0.25% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
IS3U.DE vs. IBCJ.DE - Dividend Comparison
Neither IS3U.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3U.DE and IBCJ.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3U.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3U.DE is cheaper with a 0.25% expense ratio, compared with 0.74% for IBCJ.DE.
IS3U.DE tracks MSCI France Index, while IBCJ.DE tracks MSCI Poland. Their fees differ too: 0.25% for IS3U.DE and 0.74% for IBCJ.DE.
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