UIMA.DE vs. IBCJ.DE
UIMA.DE (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - UIMA.DE tracks the MSCI Europe while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, UIMA.DE returned 9.17%/yr vs 9.17%/yr for IBCJ.DE. A 0.57 correlation means they provide meaningful diversification when combined. UIMA.DE charges 0.10%/yr vs 0.74%/yr for IBCJ.DE.
Performance
UIMA.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIMA.DE achieves a 7.64% return, which is significantly lower than IBCJ.DE's 16.30% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: UIMA.DE at 9.17% and IBCJ.DE at 9.17%.
UIMA.DE
- 1D
- 0.62%
- 1M
- 1.25%
- YTD
- 7.64%
- 6M
- 10.05%
- 1Y
- 16.12%
- 3Y*
- 13.82%
- 5Y*
- 10.02%
- 10Y*
- 9.17%
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%
UIMA.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 7.64% | 20.65% | 8.36% | 15.54% | -9.27% | 24.93% | -3.30% | 27.60% | -11.02% | 11.02% |
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 UIMA.DE and IBCJ.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.57 |
The correlation between UIMA.DE and IBCJ.DE has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
UIMA.DE vs. IBCJ.DE — Risk / Return Rank
UIMA.DE
IBCJ.DE
UIMA.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.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.
| UIMA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 3.90 | -2.15 |
| Martin ratioReturn relative to average drawdown | 6.51 | 9.60 | -3.08 |
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
| UIMA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.65 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.55 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.36 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.15 | +0.34 |
Drawdowns
UIMA.DE vs. IBCJ.DE - Drawdown Comparison
The maximum UIMA.DE drawdown since its inception was -35.78%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for UIMA.DE and IBCJ.DE.
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Drawdown Indicators
| UIMA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.78% | -56.11% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -9.96% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -18.47% | +2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -47.31% | +27.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.78% | -56.11% | +20.33% |
Current DrawdownCurrent decline from peak | -1.50% | -1.16% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -19.38% | +13.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 4.05% | -1.52% |
Volatility
UIMA.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.DE) is 4.30%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that UIMA.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
| UIMA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 7.13% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 17.61% | -7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 23.48% | -10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 26.72% | -12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 25.15% | -9.58% |
UIMA.DE vs. IBCJ.DE - Expense Ratio Comparison
UIMA.DE has a 0.10% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
UIMA.DE vs. IBCJ.DE - Dividend Comparison
UIMA.DE's dividend yield for the trailing twelve months is around 3.16%, 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% |
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 3.16% | 2.48% | 2.67% | 2.74% | 2.91% | 2.02% | 2.06% | 2.87% | 3.38% | 2.91% | 3.95% | 3.24% |
Frequently Asked Questions
UIMA.DE and IBCJ.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIMA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIMA.DE is cheaper with a 0.10% expense ratio, compared with 0.74% for IBCJ.DE.
UIMA.DE tracks MSCI Europe, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: UBS and iShares. Their fees differ too: 0.10% for UIMA.DE and 0.74% for IBCJ.DE.
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