XNZN.DE vs. IBCJ.DE
XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - XNZN.DE tracks the MSCI Nordic Countries NR EUR while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 3 years, XNZN.DE returned 5.54%/yr vs 29.89%/yr for IBCJ.DE. At a 0.45 correlation, their price movements are largely independent. XNZN.DE charges 0.15%/yr vs 0.74%/yr for IBCJ.DE.
Performance
XNZN.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNZN.DE achieves a 0.62% return, which is significantly lower than IBCJ.DE's 16.30% return.
XNZN.DE
- 1D
- 0.80%
- 1M
- -0.39%
- YTD
- 0.62%
- 6M
- 2.71%
- 1Y
- 1.15%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
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%
XNZN.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XNZN.DE Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C | 0.62% | 1.04% | 3.46% | 12.19% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 35.67% |
Correlation
The correlation between XNZN.DE and IBCJ.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.45 |
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Return for Risk
XNZN.DE vs. IBCJ.DE — Risk / Return Rank
XNZN.DE
IBCJ.DE
XNZN.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.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.
| XNZN.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.90 | -3.79 |
| Martin ratioReturn relative to average drawdown | 0.29 | 9.60 | -9.31 |
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
| XNZN.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 1.65 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.15 | +0.19 |
Drawdowns
XNZN.DE vs. IBCJ.DE - Drawdown Comparison
The maximum XNZN.DE drawdown since its inception was -23.90%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and IBCJ.DE.
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Drawdown Indicators
| XNZN.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -56.11% | +32.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -9.96% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -18.47% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -9.13% | -1.16% | -7.97% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -19.38% | +12.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 4.05% | +0.79% |
Volatility
XNZN.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) is 4.52%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that XNZN.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
| XNZN.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 7.13% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 17.61% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 23.48% | -8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 26.72% | -10.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 25.15% | -9.03% |
XNZN.DE vs. IBCJ.DE - Expense Ratio Comparison
XNZN.DE has a 0.15% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
XNZN.DE vs. IBCJ.DE - Dividend Comparison
Neither XNZN.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZN.DE and IBCJ.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNZN.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNZN.DE is cheaper with a 0.15% expense ratio, compared with 0.74% for IBCJ.DE.
XNZN.DE tracks MSCI Nordic Countries NR EUR, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: DWS and iShares. Their fees differ too: 0.15% for XNZN.DE and 0.74% for IBCJ.DE.
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