ZPDX.DE vs. IBCJ.DE
ZPDX.DE (SPDR STOXX Europe 600 SRI UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - ZPDX.DE tracks the STOXX® Europe 600 SRI while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, ZPDX.DE returned 9.14%/yr vs 14.80%/yr for IBCJ.DE. A 0.57 correlation means they provide meaningful diversification when combined. ZPDX.DE charges 0.12%/yr vs 0.74%/yr for IBCJ.DE.
Performance
ZPDX.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDX.DE achieves a 6.68% return, which is significantly lower than IBCJ.DE's 16.30% return.
ZPDX.DE
- 1D
- 0.99%
- 1M
- 4.13%
- YTD
- 6.68%
- 6M
- 8.95%
- 1Y
- 11.89%
- 3Y*
- 12.67%
- 5Y*
- 9.14%
- 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%
ZPDX.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPDX.DE SPDR STOXX Europe 600 SRI UCITS ETF | 6.68% | 14.73% | 10.10% | 18.67% | -11.83% | 25.89% | -2.05% | 8.15% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | 2.42% |
Correlation
The correlation between ZPDX.DE and IBCJ.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.57 |
The correlation between ZPDX.DE and IBCJ.DE has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
ZPDX.DE vs. IBCJ.DE — Risk / Return Rank
ZPDX.DE
IBCJ.DE
ZPDX.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.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.
| ZPDX.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.90 | -2.79 |
| Martin ratioReturn relative to average drawdown | 3.43 | 9.60 | -6.17 |
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
| ZPDX.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.65 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.55 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.15 | +0.44 |
Drawdowns
ZPDX.DE vs. IBCJ.DE - Drawdown Comparison
The maximum ZPDX.DE drawdown since its inception was -35.97%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for ZPDX.DE and IBCJ.DE.
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Drawdown Indicators
| ZPDX.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.97% | -56.11% | +20.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -9.96% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -18.47% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -47.31% | +27.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.11% | — |
Current DrawdownCurrent decline from peak | -1.40% | -1.16% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -19.38% | +14.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.05% | -0.58% |
Volatility
ZPDX.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.DE) is 4.19%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that ZPDX.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
| ZPDX.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 | 11.18% | 17.61% | -6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 23.48% | -9.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 26.72% | -12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 25.15% | -8.41% |
ZPDX.DE vs. IBCJ.DE - Expense Ratio Comparison
ZPDX.DE has a 0.12% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
ZPDX.DE vs. IBCJ.DE - Dividend Comparison
Neither ZPDX.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDX.DE and IBCJ.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDX.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDX.DE is cheaper with a 0.12% expense ratio, compared with 0.74% for IBCJ.DE.
ZPDX.DE tracks STOXX® Europe 600 SRI, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for ZPDX.DE and 0.74% for IBCJ.DE.
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