In the trailing one year period, EPOL has outperformed, down 24.21% versus PLND losing 27.60%, and year to date EPOL has rallied 20.10% versus PLND up 19.78%. Perhaps not surprisingly, Poland has displayed a high level of correlation to the Russian equity market over time as well (see RSX – Market Vectors Russia).
Given the geographic similarities and locale of the two countries as well as the background and nature of Poland as a former Eastern Bloc country during the days of the U.S.S.R., both Poland and Russia have many things in common as one might expect and thus the fortunes of the two countries along with other Eastern European economies, are often tied together.
iShares MSCI Poland Investable Market Index
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