LCEU.DE vs. IBCJ.DE
LCEU.DE (BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - LCEU.DE tracks the Low Carbon 100 Europe PAB while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 3 years, LCEU.DE returned 7.74%/yr vs 29.89%/yr for IBCJ.DE. A 0.51 correlation means they provide meaningful diversification when combined. LCEU.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
LCEU.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LCEU.DE achieves a 4.87% return, which is significantly lower than IBCJ.DE's 16.30% return.
LCEU.DE
- 1D
- 0.90%
- 1M
- 3.09%
- YTD
- 4.87%
- 6M
- 7.28%
- 1Y
- 9.14%
- 3Y*
- 7.74%
- 5Y*
- —
- 10Y*
- —
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%
LCEU.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LCEU.DE BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF | 4.87% | 9.84% | 5.83% | 14.59% | 2.39% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | 15.30% |
Correlation
The correlation between LCEU.DE and IBCJ.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022 | 0.51 |
The correlation between LCEU.DE and IBCJ.DE has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
LCEU.DE vs. IBCJ.DE — Risk / Return Rank
LCEU.DE
IBCJ.DE
LCEU.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.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.
| LCEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.90 | -3.02 |
| Martin ratioReturn relative to average drawdown | 2.91 | 9.60 | -6.68 |
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
| LCEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.65 | -0.94 |
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 | 0.73 | 0.15 | +0.58 |
Drawdowns
LCEU.DE vs. IBCJ.DE - Drawdown Comparison
The maximum LCEU.DE drawdown since its inception was -16.38%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for LCEU.DE and IBCJ.DE.
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Drawdown Indicators
| LCEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.38% | -56.11% | +39.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -9.96% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.38% | -18.47% | +2.09% |
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 | -1.59% | -1.16% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -19.38% | +16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 4.05% | -0.92% |
Volatility
LCEU.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE) is 4.11%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that LCEU.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
| LCEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 7.13% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 17.61% | -7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 23.48% | -10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 26.72% | -13.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 25.15% | -12.01% |
LCEU.DE vs. IBCJ.DE - Expense Ratio Comparison
LCEU.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
LCEU.DE vs. IBCJ.DE - Dividend Comparison
Neither LCEU.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
LCEU.DE and IBCJ.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCEU.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCEU.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
LCEU.DE tracks Low Carbon 100 Europe PAB, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.30% for LCEU.DE and 0.74% for IBCJ.DE.
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