SXRD.DE vs. IBCJ.DE
SXRD.DE (iShares MSCI UK Small Cap UCITS ETF (Acc)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - SXRD.DE tracks the MSCI UK Small Cap while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, SXRD.DE returned 3.75%/yr vs 9.17%/yr for IBCJ.DE. At a 0.47 correlation, their price movements are largely independent. SXRD.DE charges 0.58%/yr vs 0.74%/yr for IBCJ.DE.
Performance
SXRD.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRD.DE achieves a 3.78% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, SXRD.DE has underperformed IBCJ.DE with an annualized return of 3.75%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
SXRD.DE
- 1D
- 0.80%
- 1M
- 0.85%
- YTD
- 3.78%
- 6M
- 6.49%
- 1Y
- 7.66%
- 3Y*
- 9.84%
- 5Y*
- 1.10%
- 10Y*
- 3.75%
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%
SXRD.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRD.DE iShares MSCI UK Small Cap UCITS ETF (Acc) | 3.78% | 10.75% | 9.62% | 12.01% | -27.04% | 20.49% | -10.12% | 39.79% | -17.72% | 15.74% |
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 SXRD.DE and IBCJ.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
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 | 0.47 |
The correlation between SXRD.DE and IBCJ.DE has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
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Return for Risk
SXRD.DE vs. IBCJ.DE — Risk / Return Rank
SXRD.DE
IBCJ.DE
SXRD.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK Small Cap UCITS ETF (Acc) (SXRD.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.
| SXRD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.28 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 3.90 | -3.24 |
| Martin ratioReturn relative to average drawdown | 2.10 | 9.60 | -7.49 |
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
| SXRD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.65 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.55 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.36 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.15 | +0.32 |
Drawdowns
SXRD.DE vs. IBCJ.DE - Drawdown Comparison
The maximum SXRD.DE drawdown since its inception was -47.59%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for SXRD.DE and IBCJ.DE.
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Drawdown Indicators
| SXRD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.59% | -56.11% | +8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -9.96% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -18.47% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.75% | -47.31% | +10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -47.59% | -56.11% | +8.52% |
Current DrawdownCurrent decline from peak | -2.54% | -1.16% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -19.38% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 4.05% | -0.41% |
Volatility
SXRD.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for iShares MSCI UK Small Cap UCITS ETF (Acc) (SXRD.DE) is 5.06%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that SXRD.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
| SXRD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 7.13% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 17.61% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 23.48% | -8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 26.72% | -9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 25.15% | -5.27% |
SXRD.DE vs. IBCJ.DE - Expense Ratio Comparison
SXRD.DE has a 0.58% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
SXRD.DE vs. IBCJ.DE - Dividend Comparison
Neither SXRD.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRD.DE and IBCJ.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRD.DE is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRD.DE is cheaper with a 0.58% expense ratio, compared with 0.74% for IBCJ.DE.
SXRD.DE tracks MSCI UK Small Cap, while IBCJ.DE tracks MSCI Poland. Their fees differ too: 0.58% for SXRD.DE and 0.74% for IBCJ.DE.
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