XDN0.DE vs. IBCJ.DE
XDN0.DE (Xtrackers MSCI Nordic UCITS ETF 1D) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - XDN0.DE tracks the MSCI Nordic Countries NR EUR while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, XDN0.DE returned 8.74%/yr vs 9.17%/yr for IBCJ.DE. A 0.53 correlation means they provide meaningful diversification when combined. XDN0.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
XDN0.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDN0.DE achieves a 8.65% 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 XDN0.DE having a 8.74% annualized return and IBCJ.DE not far ahead at 9.17%.
XDN0.DE
- 1D
- 0.46%
- 1M
- 1.29%
- YTD
- 8.65%
- 6M
- 12.36%
- 1Y
- 10.99%
- 3Y*
- 8.43%
- 5Y*
- 5.54%
- 10Y*
- 8.74%
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%
XDN0.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D | 8.65% | 7.27% | -1.40% | 16.42% | -11.37% | 28.46% | 16.10% | 25.04% | -7.71% | 10.71% |
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 XDN0.DE and IBCJ.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2013 | 0.53 |
The correlation between XDN0.DE and IBCJ.DE has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
XDN0.DE vs. IBCJ.DE — Risk / Return Rank
XDN0.DE
IBCJ.DE
XDN0.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.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.
| XDN0.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.90 | -2.79 |
| Martin ratioReturn relative to average drawdown | 2.83 | 9.60 | -6.77 |
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
| XDN0.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.65 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.55 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.36 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.15 | +0.37 |
Drawdowns
XDN0.DE vs. IBCJ.DE - Drawdown Comparison
The maximum XDN0.DE drawdown since its inception was -32.67%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for XDN0.DE and IBCJ.DE.
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Drawdown Indicators
| XDN0.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.67% | -56.11% | +23.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -9.96% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -26.41% | -18.47% | -7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -47.31% | +20.90% |
Max Drawdown (10Y)Largest decline over 10 years | -32.67% | -56.11% | +23.44% |
Current DrawdownCurrent decline from peak | -1.63% | -1.16% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -19.38% | +12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 4.05% | +0.04% |
Volatility
XDN0.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) is 4.36%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that XDN0.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
| XDN0.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 7.13% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 17.61% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 23.48% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 26.72% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 25.15% | -8.07% |
XDN0.DE vs. IBCJ.DE - Expense Ratio Comparison
XDN0.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
XDN0.DE vs. IBCJ.DE - Dividend Comparison
XDN0.DE's dividend yield for the trailing twelve months is around 2.49%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D | 2.49% | 2.84% | 2.76% | 2.54% | 4.77% | 1.05% | 4.85% | 4.09% | 1.09% | 2.45% | 1.64% |
Frequently Asked Questions
XDN0.DE and IBCJ.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDN0.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDN0.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
XDN0.DE tracks MSCI Nordic Countries NR EUR, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XDN0.DE and 0.74% for IBCJ.DE.
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