SPYG.DE vs. IBCJ.DE
SPYG.DE (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - SPYG.DE tracks the S&P UK High Yield Dividend Aristocrats while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, SPYG.DE returned 3.61%/yr vs 9.17%/yr for IBCJ.DE. At a 0.45 correlation, their price movements are largely independent. SPYG.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
SPYG.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYG.DE achieves a 5.85% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, SPYG.DE has underperformed IBCJ.DE with an annualized return of 3.61%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
SPYG.DE
- 1D
- 1.41%
- 1M
- 0.66%
- YTD
- 5.85%
- 6M
- 8.49%
- 1Y
- 11.94%
- 3Y*
- 11.53%
- 5Y*
- 6.76%
- 10Y*
- 3.61%
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%
SPYG.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYG.DE SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 5.85% | 12.61% | 14.64% | 8.08% | -13.77% | 20.96% | -20.77% | 41.80% | -15.19% | -0.54% |
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% | -9.07% | 35.59% |
Correlation
The correlation between SPYG.DE and IBCJ.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.45 |
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Return for Risk
SPYG.DE vs. IBCJ.DE — Risk / Return Rank
SPYG.DE
IBCJ.DE
SPYG.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.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.
| SPYG.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 3.90 | -2.48 |
| Martin ratioReturn relative to average drawdown | 4.53 | 9.60 | -5.07 |
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
| SPYG.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.65 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.55 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.36 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.15 | +0.14 |
Drawdowns
SPYG.DE vs. IBCJ.DE - Drawdown Comparison
The maximum SPYG.DE drawdown since its inception was -44.67%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for SPYG.DE and IBCJ.DE.
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Drawdown Indicators
| SPYG.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.67% | -56.11% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -9.96% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -18.47% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -47.31% | +25.48% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | -56.11% | +11.44% |
Current DrawdownCurrent decline from peak | -1.89% | -1.16% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -19.38% | +8.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 4.05% | -1.30% |
Volatility
SPYG.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.DE) is 4.98%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that SPYG.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
| SPYG.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 7.13% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 17.61% | -7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 23.48% | -10.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 26.72% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 25.15% | -7.21% |
SPYG.DE vs. IBCJ.DE - Expense Ratio Comparison
SPYG.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
SPYG.DE vs. IBCJ.DE - Dividend Comparison
SPYG.DE's dividend yield for the trailing twelve months is around 3.44%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG.DE SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.44% | 3.68% | 3.39% | 3.66% | 4.67% | 3.53% | 3.12% | 3.92% | 7.36% | 3.83% | 4.39% | 4.04% |
Frequently Asked Questions
SPYG.DE and IBCJ.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYG.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
SPYG.DE tracks S&P UK High Yield Dividend Aristocrats, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SPYG.DE and 0.74% for IBCJ.DE.
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