XESD.DE vs. IBCJ.DE
XESD.DE (Xtrackers Spanish Equity UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - XESD.DE tracks the Solactive Spain 40 while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, XESD.DE returned 18.89%/yr vs 14.80%/yr for IBCJ.DE. A 0.55 correlation means they provide meaningful diversification when combined. XESD.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
XESD.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XESD.DE achieves a 7.26% return, which is significantly lower than IBCJ.DE's 16.30% return.
XESD.DE
- 1D
- 0.58%
- 1M
- 3.65%
- YTD
- 7.26%
- 6M
- 11.32%
- 1Y
- 35.71%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 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%
XESD.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | -1.59% | 10.90% | -10.12% | 15.71% | -12.40% | -1.58% |
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% | 9.90% |
Correlation
The correlation between XESD.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 | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.55 |
The correlation between XESD.DE and IBCJ.DE has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
XESD.DE vs. IBCJ.DE — Risk / Return Rank
XESD.DE
IBCJ.DE
XESD.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESD.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.
| XESD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.90 | -0.43 |
| Martin ratioReturn relative to average drawdown | 12.05 | 9.60 | +2.45 |
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
| XESD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.65 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.55 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.15 | +0.41 |
Drawdowns
XESD.DE vs. IBCJ.DE - Drawdown Comparison
The maximum XESD.DE drawdown since its inception was -38.77%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for XESD.DE and IBCJ.DE.
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Drawdown Indicators
| XESD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -56.11% | +17.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -9.96% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -18.47% | +5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -47.31% | +28.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -0.56% | -1.16% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -19.38% | +12.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 4.05% | -1.09% |
Volatility
XESD.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESD.DE) is 4.46%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that XESD.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
| XESD.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 7.13% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 17.61% | -3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 23.48% | -6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 26.72% | -9.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 25.15% | -6.34% |
XESD.DE vs. IBCJ.DE - Expense Ratio Comparison
XESD.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
XESD.DE vs. IBCJ.DE - Dividend Comparison
XESD.DE's dividend yield for the trailing twelve months is around 2.50%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.50% | 2.43% | 3.14% | 2.57% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% |
Frequently Asked Questions
XESD.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, XESD.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESD.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
XESD.DE tracks Solactive Spain 40, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESD.DE and 0.74% for IBCJ.DE.
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