SC0E.DE vs. IBCJ.DE
SC0E.DE (Invesco MSCI Europe UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - SC0E.DE tracks the MSCI Europe while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, SC0E.DE returned 9.06%/yr vs 9.17%/yr for IBCJ.DE. At a 0.48 correlation, their price movements are largely independent. SC0E.DE charges 0.19%/yr vs 0.74%/yr for IBCJ.DE.
Performance
SC0E.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0E.DE achieves a 7.48% 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 SC0E.DE having a 9.06% annualized return and IBCJ.DE not far ahead at 9.17%.
SC0E.DE
- 1D
- 0.62%
- 1M
- 3.45%
- YTD
- 7.48%
- 6M
- 9.73%
- 1Y
- 16.11%
- 3Y*
- 13.60%
- 5Y*
- 9.92%
- 10Y*
- 9.06%
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%
SC0E.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -9.29% | 24.97% | -3.28% | 27.71% | -11.02% | 10.40% |
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 SC0E.DE and IBCJ.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.48 |
The correlation between SC0E.DE and IBCJ.DE has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
SC0E.DE vs. IBCJ.DE — Risk / Return Rank
SC0E.DE
IBCJ.DE
SC0E.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.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.
| SC0E.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.90 | -2.19 |
| Martin ratioReturn relative to average drawdown | 6.31 | 9.60 | -3.29 |
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
| SC0E.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.65 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.55 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.36 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.15 | +0.57 |
Drawdowns
SC0E.DE vs. IBCJ.DE - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and IBCJ.DE.
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Drawdown Indicators
| SC0E.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -56.11% | +20.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.96% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -18.47% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -47.31% | +27.98% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | -56.11% | +20.46% |
Current DrawdownCurrent decline from peak | -1.56% | -1.16% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -19.38% | +13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 4.05% | -1.50% |
Volatility
SC0E.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Invesco MSCI Europe UCITS ETF (SC0E.DE) is 4.35%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that SC0E.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
| SC0E.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 7.13% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 17.61% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 23.48% | -10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 26.72% | -12.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 25.15% | -8.79% |
SC0E.DE vs. IBCJ.DE - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
SC0E.DE vs. IBCJ.DE - Dividend Comparison
Neither SC0E.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and IBCJ.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0E.DE is cheaper with a 0.19% expense ratio, compared with 0.74% for IBCJ.DE.
SC0E.DE tracks MSCI Europe, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for SC0E.DE and 0.74% for IBCJ.DE.
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