XUEK.DE vs. IBCJ.DE
XUEK.DE (Xtrackers S&P Europe ex UK UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - XUEK.DE tracks the MSCI Europe Ex UK NR EUR while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, XUEK.DE returned 9.45%/yr vs 14.80%/yr for IBCJ.DE. A 0.60 correlation means they provide meaningful diversification when combined. XUEK.DE charges 0.09%/yr vs 0.74%/yr for IBCJ.DE.
Performance
XUEK.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEK.DE achieves a 7.14% return, which is significantly lower than IBCJ.DE's 16.30% return.
XUEK.DE
- 1D
- 0.60%
- 1M
- 1.36%
- YTD
- 7.14%
- 6M
- 9.35%
- 1Y
- 15.44%
- 3Y*
- 13.91%
- 5Y*
- 9.45%
- 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%
XUEK.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 7.14% | 21.19% | 7.43% | 18.01% | -12.81% | 25.44% | 1.91% | 18.96% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -8.92% |
Correlation
The correlation between XUEK.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 | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.60 |
The correlation between XUEK.DE and IBCJ.DE has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
XUEK.DE vs. IBCJ.DE — Risk / Return Rank
XUEK.DE
IBCJ.DE
XUEK.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.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.
| XUEK.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.90 | -2.32 |
| Martin ratioReturn relative to average drawdown | 5.68 | 9.60 | -3.92 |
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
| XUEK.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.65 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.55 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.15 | +0.52 |
Drawdowns
XUEK.DE vs. IBCJ.DE - Drawdown Comparison
The maximum XUEK.DE drawdown since its inception was -34.81%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for XUEK.DE and IBCJ.DE.
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Drawdown Indicators
| XUEK.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -56.11% | +21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -9.96% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -18.47% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.94% | -47.31% | +24.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -1.21% | -1.16% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -19.38% | +14.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 4.05% | -1.32% |
Volatility
XUEK.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.DE) is 4.19%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that XUEK.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
| XUEK.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 7.13% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 17.61% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 23.48% | -10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 26.72% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 25.15% | -8.34% |
XUEK.DE vs. IBCJ.DE - Expense Ratio Comparison
XUEK.DE has a 0.09% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
XUEK.DE vs. IBCJ.DE - Dividend Comparison
XUEK.DE's dividend yield for the trailing twelve months is around 2.31%, while IBCJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 2.31% | 2.41% | 2.80% | 2.57% | 4.73% | 1.40% | 2.54% |
Frequently Asked Questions
XUEK.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, XUEK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEK.DE is cheaper with a 0.09% expense ratio, compared with 0.74% for IBCJ.DE.
XUEK.DE tracks MSCI Europe Ex UK NR EUR, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XUEK.DE and 0.74% for IBCJ.DE.
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