JREE.DE vs. IBCJ.DE
JREE.DE (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - JREE.DE tracks the JP Morgan Europe Research Enhanced Index Equity (ESG) while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, JREE.DE returned 9.92%/yr vs 14.80%/yr for IBCJ.DE. A 0.58 correlation means they provide meaningful diversification when combined. JREE.DE charges 0.25%/yr vs 0.74%/yr for IBCJ.DE.
Performance
JREE.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JREE.DE achieves a 7.37% return, which is significantly lower than IBCJ.DE's 16.30% return.
JREE.DE
- 1D
- 0.69%
- 1M
- 1.07%
- YTD
- 7.37%
- 6M
- 9.76%
- 1Y
- 15.96%
- 3Y*
- 13.05%
- 5Y*
- 9.92%
- 10Y*
- —
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%
JREE.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JREE.DE JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 7.37% | 20.14% | 6.61% | 17.08% | -9.48% | 25.69% | -1.97% | 30.84% | -6.54% |
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% | 1.81% |
Correlation
The correlation between JREE.DE and IBCJ.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.58 |
The correlation between JREE.DE and IBCJ.DE has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
JREE.DE vs. IBCJ.DE — Risk / Return Rank
JREE.DE
IBCJ.DE
JREE.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.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.
| JREE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.90 | -2.30 |
| Martin ratioReturn relative to average drawdown | 5.79 | 9.60 | -3.81 |
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
| JREE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.65 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.55 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.15 | +0.50 |
Drawdowns
JREE.DE vs. IBCJ.DE - Drawdown Comparison
The maximum JREE.DE drawdown since its inception was -35.62%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for JREE.DE and IBCJ.DE.
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Drawdown Indicators
| JREE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -56.11% | +20.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -9.96% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -18.47% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.02% | -47.31% | +28.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -1.28% | -1.16% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -19.38% | +14.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 4.05% | -1.29% |
Volatility
JREE.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) is 4.22%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that JREE.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
| JREE.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 7.13% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 17.61% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 23.48% | -10.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 26.72% | -12.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 25.15% | -8.45% |
JREE.DE vs. IBCJ.DE - Expense Ratio Comparison
JREE.DE has a 0.25% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
JREE.DE vs. IBCJ.DE - Dividend Comparison
Neither JREE.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
JREE.DE and IBCJ.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREE.DE is cheaper with a 0.25% expense ratio, compared with 0.74% for IBCJ.DE.
JREE.DE tracks JP Morgan Europe Research Enhanced Index Equity (ESG), while IBCJ.DE tracks MSCI Poland. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JREE.DE and 0.74% for IBCJ.DE.
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