SXRJ.DE vs. IBCJ.DE
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - SXRJ.DE tracks the MSCI EMU Small Cap while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, SXRJ.DE returned 9.05%/yr vs 9.17%/yr for IBCJ.DE. A 0.57 correlation means they provide meaningful diversification when combined. SXRJ.DE charges 0.58%/yr vs 0.74%/yr for IBCJ.DE.
Performance
SXRJ.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRJ.DE achieves a 10.87% return, which is significantly lower than IBCJ.DE's 16.30% return. Both investments have delivered pretty close results over the past 10 years, with SXRJ.DE having a 9.05% annualized return and IBCJ.DE not far ahead at 9.17%.
SXRJ.DE
- 1D
- 0.05%
- 1M
- 0.91%
- YTD
- 10.87%
- 6M
- 13.36%
- 1Y
- 16.78%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
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%
SXRJ.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 5.26% | 29.83% | -17.96% | 23.99% |
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 SXRJ.DE and IBCJ.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.57 |
The correlation between SXRJ.DE and IBCJ.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
SXRJ.DE vs. IBCJ.DE — Risk / Return Rank
SXRJ.DE
IBCJ.DE
SXRJ.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.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.
| SXRJ.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.90 | -2.30 |
| Martin ratioReturn relative to average drawdown | 5.95 | 9.60 | -3.64 |
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
| SXRJ.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.65 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.55 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.36 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.15 | +0.44 |
Drawdowns
SXRJ.DE vs. IBCJ.DE - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and IBCJ.DE.
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Drawdown Indicators
| SXRJ.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -56.11% | +16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -9.96% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -18.47% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -47.31% | +17.88% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -56.11% | +16.73% |
Current DrawdownCurrent decline from peak | -1.35% | -1.16% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -19.38% | +11.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 4.05% | -1.18% |
Volatility
SXRJ.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) is 4.04%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that SXRJ.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
| SXRJ.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 7.13% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 17.61% | -6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 23.48% | -9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 26.72% | -10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 25.15% | -8.87% |
SXRJ.DE vs. IBCJ.DE - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
SXRJ.DE vs. IBCJ.DE - Dividend Comparison
Neither SXRJ.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRJ.DE and IBCJ.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRJ.DE is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRJ.DE is cheaper with a 0.58% expense ratio, compared with 0.74% for IBCJ.DE.
SXRJ.DE tracks MSCI EMU Small Cap, while IBCJ.DE tracks MSCI Poland. Their fees differ too: 0.58% for SXRJ.DE and 0.74% for IBCJ.DE.
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