JREZ.DE vs. IBCJ.DE
JREZ.DE (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - JREZ.DE tracks the JP Morgan Eurozone Research Enhanced Index Equity (ESG) while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 3 years, JREZ.DE returned 15.63%/yr vs 29.89%/yr for IBCJ.DE. A 0.60 correlation means they provide meaningful diversification when combined. JREZ.DE charges 0.25%/yr vs 0.74%/yr for IBCJ.DE.
Performance
JREZ.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JREZ.DE achieves a 8.95% return, which is significantly lower than IBCJ.DE's 16.30% return.
JREZ.DE
- 1D
- 0.54%
- 1M
- 1.81%
- YTD
- 8.95%
- 6M
- 10.72%
- 1Y
- 18.03%
- 3Y*
- 15.63%
- 5Y*
- —
- 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%
JREZ.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREZ.DE JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 8.95% | 23.99% | 8.26% | 20.23% | 0.68% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | 1.19% |
Correlation
The correlation between JREZ.DE and IBCJ.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.60 |
The correlation between JREZ.DE and IBCJ.DE has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
JREZ.DE vs. IBCJ.DE — Risk / Return Rank
JREZ.DE
IBCJ.DE
JREZ.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.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.
| JREZ.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 3.90 | -2.10 |
| Martin ratioReturn relative to average drawdown | 6.49 | 9.60 | -3.11 |
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
| JREZ.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.65 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.15 | +0.82 |
Drawdowns
JREZ.DE vs. IBCJ.DE - Drawdown Comparison
The maximum JREZ.DE drawdown since its inception was -14.86%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for JREZ.DE and IBCJ.DE.
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Drawdown Indicators
| JREZ.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.86% | -56.11% | +41.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -9.96% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -18.47% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.16% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -19.38% | +16.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 4.05% | -1.22% |
Volatility
JREZ.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE) is 4.64%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that JREZ.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
| JREZ.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 7.13% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 17.61% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 23.48% | -8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 26.72% | -11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 25.15% | -9.71% |
JREZ.DE vs. IBCJ.DE - Expense Ratio Comparison
JREZ.DE has a 0.25% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
JREZ.DE vs. IBCJ.DE - Dividend Comparison
Neither JREZ.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
JREZ.DE and IBCJ.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREZ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREZ.DE is cheaper with a 0.25% expense ratio, compared with 0.74% for IBCJ.DE.
JREZ.DE tracks JP Morgan Eurozone 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 JREZ.DE and 0.74% for IBCJ.DE.
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