SXR3.DE vs. IBCJ.DE
SXR3.DE (iShares MSCI UK UCITS ETF (Acc)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - SXR3.DE tracks the MSCI UK while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, SXR3.DE returned 6.68%/yr vs 9.17%/yr for IBCJ.DE. At a 0.48 correlation, their price movements are largely independent. SXR3.DE charges 0.33%/yr vs 0.74%/yr for IBCJ.DE.
Performance
SXR3.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
Over the past 10 years, SXR3.DE has underperformed IBCJ.DE with an annualized return of 6.68%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
SXR3.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -0.00%
- 6M
- -0.00%
- 1Y
- 6.37%
- 3Y*
- 10.41%
- 5Y*
- 9.64%
- 10Y*
- 6.68%
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%
SXR3.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR3.DE iShares MSCI UK UCITS ETF (Acc) | -0.00% | 15.66% | 13.52% | 9.60% | 0.36% | 25.69% | -17.21% | 24.21% | -10.84% | 7.35% |
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 SXR3.DE and IBCJ.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.48 |
Over the past year, the correlation between SXR3.DE and IBCJ.DE has dropped to 0.19 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
SXR3.DE vs. IBCJ.DE — Risk / Return Rank
SXR3.DE
IBCJ.DE
SXR3.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (SXR3.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.
| SXR3.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 3.90 | -3.25 |
| Martin ratioReturn relative to average drawdown | 1.32 | 9.60 | -8.28 |
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
| SXR3.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 1.65 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.55 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.36 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.15 | +0.29 |
Drawdowns
SXR3.DE vs. IBCJ.DE - Drawdown Comparison
The maximum SXR3.DE drawdown since its inception was -40.36%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for SXR3.DE and IBCJ.DE.
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Drawdown Indicators
| SXR3.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -56.11% | +15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -9.96% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -18.47% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -47.31% | +30.62% |
Max Drawdown (10Y)Largest decline over 10 years | -40.36% | -56.11% | +15.75% |
Current DrawdownCurrent decline from peak | -10.13% | -1.16% | -8.97% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -19.38% | +13.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 4.05% | +0.90% |
Volatility
SXR3.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for iShares MSCI UK UCITS ETF (Acc) (SXR3.DE) is 0.00%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that SXR3.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
| SXR3.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.13% | -7.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.03% | 17.61% | -3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 23.48% | -8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 26.72% | -12.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 25.15% | -8.19% |
SXR3.DE vs. IBCJ.DE - Expense Ratio Comparison
SXR3.DE has a 0.33% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
SXR3.DE vs. IBCJ.DE - Dividend Comparison
Neither SXR3.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR3.DE and IBCJ.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR3.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR3.DE is cheaper with a 0.33% expense ratio, compared with 0.74% for IBCJ.DE.
SXR3.DE tracks MSCI UK, while IBCJ.DE tracks MSCI Poland. Their fees differ too: 0.33% for SXR3.DE and 0.74% for IBCJ.DE.
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