SPYW.DE vs. IBCJ.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, SPYW.DE returned 6.79%/yr vs 9.17%/yr for IBCJ.DE. A 0.53 correlation means they provide meaningful diversification when combined. SPYW.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
SPYW.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYW.DE achieves a 5.36% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, SPYW.DE has underperformed IBCJ.DE with an annualized return of 6.79%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
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%
SPYW.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
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 SPYW.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 | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.53 |
The correlation between SPYW.DE and IBCJ.DE has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.
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Return for Risk
SPYW.DE vs. IBCJ.DE — Risk / Return Rank
SPYW.DE
IBCJ.DE
SPYW.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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.
| SPYW.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 3.90 | -2.91 |
| Martin ratioReturn relative to average drawdown | 3.14 | 9.60 | -6.46 |
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
| SPYW.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.65 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.55 | +0.05 |
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 | 0.53 | 0.15 | +0.38 |
Drawdowns
SPYW.DE vs. IBCJ.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.68%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and IBCJ.DE.
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Drawdown Indicators
| SPYW.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -56.11% | +17.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -9.96% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -18.47% | +6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -47.31% | +23.34% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -56.11% | +17.43% |
Current DrawdownCurrent decline from peak | -2.54% | -1.16% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -19.38% | +13.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 4.05% | -1.55% |
Volatility
SPYW.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.92%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that SPYW.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
| SPYW.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 7.13% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 17.61% | -8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 23.48% | -12.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 26.72% | -13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 25.15% | -10.27% |
SPYW.DE vs. IBCJ.DE - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
SPYW.DE vs. IBCJ.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.60%, 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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
SPYW.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, SPYW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
SPYW.DE tracks S&P Euro 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 SPYW.DE and 0.74% for IBCJ.DE.
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