ZPRX.DE vs. IBCJ.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 9.17%/yr for IBCJ.DE. A 0.56 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.74%/yr for IBCJ.DE.
Performance
ZPRX.DE vs. IBCJ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRX.DE achieves a 7.81% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, ZPRX.DE has underperformed IBCJ.DE with an annualized return of 8.15%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
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%
ZPRX.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
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 ZPRX.DE and IBCJ.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.56 |
The correlation between ZPRX.DE and IBCJ.DE has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRX.DE vs. IBCJ.DE — Risk / Return Rank
ZPRX.DE
IBCJ.DE
ZPRX.DE vs. IBCJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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.
| ZPRX.DE | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.90 | -2.43 |
| Martin ratioReturn relative to average drawdown | 5.42 | 9.60 | -4.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPRX.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.65 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.55 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.36 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.15 | +0.25 |
Drawdowns
ZPRX.DE vs. IBCJ.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and IBCJ.DE.
Loading charts...
Drawdown Indicators
| ZPRX.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -56.11% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -9.96% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -18.47% | +2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -47.31% | +19.79% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -56.11% | +12.18% |
Current DrawdownCurrent decline from peak | -1.51% | -1.16% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -19.38% | +11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 4.05% | -0.89% |
Volatility
ZPRX.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.17%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that ZPRX.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.
Loading charts...
Volatility by Period
| ZPRX.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 7.13% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 17.61% | -6.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 23.48% | -9.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 26.72% | -10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 25.15% | -7.01% |
ZPRX.DE vs. IBCJ.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
ZPRX.DE vs. IBCJ.DE - Dividend Comparison
Neither ZPRX.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and IBCJ.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IBCJ.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRX.DE and 0.74% for IBCJ.DE.
Find the right allocation for ZPRX.DE and IBCJ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer