SPYF.DE vs. IBCJ.DE
SPYF.DE (SPDR FTSE UK All Share UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - SPYF.DE tracks the FTSE All-Share while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, SPYF.DE returned 7.48%/yr vs 9.17%/yr for IBCJ.DE. A 0.51 correlation means they provide meaningful diversification when combined. SPYF.DE charges 0.20%/yr vs 0.74%/yr for IBCJ.DE.
Performance
SPYF.DE vs. IBCJ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYF.DE achieves a 6.71% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, SPYF.DE has underperformed IBCJ.DE with an annualized return of 7.48%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
SPYF.DE
- 1D
- 0.16%
- 1M
- -0.06%
- YTD
- 6.71%
- 6M
- 9.71%
- 1Y
- 17.02%
- 3Y*
- 13.97%
- 5Y*
- 10.06%
- 10Y*
- 7.48%
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%
SPYF.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYF.DE SPDR FTSE UK All Share UCITS ETF | 6.71% | 17.92% | 13.59% | 10.43% | -5.65% | 24.46% | -14.12% | 27.89% | -11.60% | 9.17% |
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 SPYF.DE and IBCJ.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.51 |
The correlation between SPYF.DE and IBCJ.DE has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYF.DE vs. IBCJ.DE — Risk / Return Rank
SPYF.DE
IBCJ.DE
SPYF.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (SPYF.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.
| SPYF.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.90 | -1.65 |
| Martin ratioReturn relative to average drawdown | 7.97 | 9.60 | -1.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYF.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.65 | -0.23 |
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 | 0.45 | 0.36 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.15 | +0.31 |
Drawdowns
SPYF.DE vs. IBCJ.DE - Drawdown Comparison
The maximum SPYF.DE drawdown since its inception was -41.53%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for SPYF.DE and IBCJ.DE.
Loading charts...
Drawdown Indicators
| SPYF.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -56.11% | +14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -9.96% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -18.47% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -47.31% | +30.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.53% | -56.11% | +14.58% |
Current DrawdownCurrent decline from peak | -2.22% | -1.16% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -19.38% | +13.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 4.05% | -1.91% |
Volatility
SPYF.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for SPDR FTSE UK All Share UCITS ETF (SPYF.DE) is 4.30%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that SPYF.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.
Loading charts...
Volatility by Period
| SPYF.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 7.13% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 17.61% | -7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 23.48% | -11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 26.72% | -12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 25.15% | -8.56% |
SPYF.DE vs. IBCJ.DE - Expense Ratio Comparison
SPYF.DE has a 0.20% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
SPYF.DE vs. IBCJ.DE - Dividend Comparison
Neither SPYF.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYF.DE and IBCJ.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYF.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYF.DE is cheaper with a 0.20% expense ratio, compared with 0.74% for IBCJ.DE.
SPYF.DE tracks FTSE All-Share, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SPYF.DE and 0.74% for IBCJ.DE.
Find the right allocation for SPYF.DE and IBCJ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer