VLEU.DE vs. IBCJ.DE
VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - VLEU.DE tracks the BNP Paribas Low Vol Europe ESG while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, VLEU.DE returned 7.63%/yr vs 14.80%/yr for IBCJ.DE. At a 0.37 correlation, their price movements are largely independent. VLEU.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
VLEU.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VLEU.DE achieves a 4.90% return, which is significantly lower than IBCJ.DE's 16.30% return.
VLEU.DE
- 1D
- 0.81%
- 1M
- 0.97%
- YTD
- 4.90%
- 6M
- 6.83%
- 1Y
- 6.35%
- 3Y*
- 10.05%
- 5Y*
- 7.63%
- 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%
VLEU.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 4.90% | 12.78% | 10.91% | 11.65% | -13.54% | 27.36% | -5.16% | 25.67% | -3.52% | 14.10% |
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 VLEU.DE and IBCJ.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2016 | 0.37 |
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Return for Risk
VLEU.DE vs. IBCJ.DE — Risk / Return Rank
VLEU.DE
IBCJ.DE
VLEU.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.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.
| VLEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.90 | -3.27 |
| Martin ratioReturn relative to average drawdown | 1.83 | 9.60 | -7.77 |
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
| VLEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.65 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.55 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.15 | +0.61 |
Drawdowns
VLEU.DE vs. IBCJ.DE - Drawdown Comparison
The maximum VLEU.DE drawdown since its inception was -32.22%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for VLEU.DE and IBCJ.DE.
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Drawdown Indicators
| VLEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.22% | -56.11% | +23.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.96% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -18.47% | +5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -47.31% | +27.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -4.49% | -1.16% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -19.38% | +14.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 4.05% | -0.59% |
Volatility
VLEU.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) is 3.76%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that VLEU.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
| VLEU.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 7.13% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 17.61% | -8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 23.48% | -11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 26.72% | -12.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 25.15% | -8.58% |
VLEU.DE vs. IBCJ.DE - Expense Ratio Comparison
VLEU.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
VLEU.DE vs. IBCJ.DE - Dividend Comparison
Neither VLEU.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
VLEU.DE and IBCJ.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VLEU.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VLEU.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
VLEU.DE tracks BNP Paribas Low Vol 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 VLEU.DE and 0.74% for IBCJ.DE.
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