VALU.DE vs. IBCJ.DE
VALU.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - VALU.DE tracks the BNP Paribas Value Europe ESG while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, VALU.DE returned 7.79%/yr vs 14.80%/yr for IBCJ.DE. A 0.56 correlation means they provide meaningful diversification when combined. VALU.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
VALU.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VALU.DE achieves a 10.35% return, which is significantly lower than IBCJ.DE's 16.30% return.
VALU.DE
- 1D
- 0.71%
- 1M
- 1.81%
- YTD
- 10.35%
- 6M
- 13.44%
- 1Y
- 18.68%
- 3Y*
- 16.63%
- 5Y*
- 7.79%
- 10Y*
- —
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%
VALU.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VALU.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.35% | 23.55% | 9.22% | 14.94% | -19.32% | 23.14% | -12.18% | 17.78% | -12.49% | 17.81% |
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 VALU.DE and IBCJ.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.56 |
The correlation between VALU.DE and IBCJ.DE has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
VALU.DE vs. IBCJ.DE — Risk / Return Rank
VALU.DE
IBCJ.DE
VALU.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.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.
| VALU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.90 | -1.48 |
| Martin ratioReturn relative to average drawdown | 8.31 | 9.60 | -1.29 |
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
| VALU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.65 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.55 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.15 | +0.34 |
Drawdowns
VALU.DE vs. IBCJ.DE - Drawdown Comparison
The maximum VALU.DE drawdown since its inception was -41.04%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for VALU.DE and IBCJ.DE.
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Drawdown Indicators
| VALU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.04% | -56.11% | +15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -9.96% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -18.47% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -47.31% | +16.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.16% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -19.38% | +11.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 4.05% | -1.81% |
Volatility
VALU.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.DE) is 3.65%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that VALU.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
| VALU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 7.13% | -3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 17.61% | -8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 23.48% | -11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 26.72% | -12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 25.15% | -9.39% |
VALU.DE vs. IBCJ.DE - Expense Ratio Comparison
VALU.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
VALU.DE vs. IBCJ.DE - Dividend Comparison
Neither VALU.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
VALU.DE and IBCJ.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALU.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALU.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
VALU.DE tracks BNP Paribas Value Europe ESG, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.30% for VALU.DE and 0.74% for IBCJ.DE.
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