Skip to content
Fundology

ETF · iShares

SPOL iShares MSCI Poland UCITS ETF

ISIN IE00B4M7GH52London Stock Exchange: SPOLBlackRock, Inc.

Latest close

LSE

£32.13

on

Ongoing charge
0.74% a year
Fund size
£672m

Source: TradingView, as of , at least 15 min delayed

At a glance

As of 30/09/2026, SPOL (iShares MSCI Poland UCITS ETF, ISIN IE00B4M7GH52) closed at £32.13 on the London Stock Exchange. Its ongoing charge is 0.74% a year (about £74 on £10,000). Over the five years to 30/09/2026 its total return was +128.1%, or +78.3% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 30/09/2026
+48.8%
+44.1% after inflation
3 years to 30/09/2026
+165.9%
+139.9% after inflation
5 years to 30/09/2026
+128.1%
+78.3% after inflation

£1,000 put in five years ago would have been worth about £2,281 on 30/09/2026 — about £1,783 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Calendar-year and 12-month returns

Calendar-year returns of iShares MSCI Poland UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −18.0%, 2023 +41.5%, 2024 −5.1%, 2025 +60.8%; 2026 to 30/09/2026 +31.5%. Returns of iShares MSCI Poland UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +50.3%; to 30/09/2025: +30.2%; to 30/09/2024: +37.2%; to 30/09/2023: +44.1%; to 30/09/2022: −41.1%.

Calendar-year returns of SPOL, in pounds (price, with income reinvested in the fund), to 30/09/2026
YearReturnAfter inflation
to +31.5%+27.9%
+60.8%+55.3%
−5.1%−8.3%
+41.5%+35.9%
−18.0%−24.9%
Returns of SPOL over 12-month periods to 30/09/2026, in pounds (price, with income reinvested in the fund)
12 months toReturnAfter inflation
from +50.3%Not available
from +30.2%+25.1%
from +37.2%+33.7%
from +44.1%+35.4%
from −41.1%−45.8%

Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record the returns come from, in pounds.

Volatility (annualised)

24.9%over 5 years

Volatility, annualised from weekly returns, by period
1 year19.6%
3 years21.9%
5 years24.9%

Annualised from weekly returns. Higher means bumpier.

Largest fall since October 2021
−44.7%
From to
Lowest 12-month return
−44.4%
12 months to
Highest 12-month return
+63.4%
12 months to
Below its highest weekly close since October 2021
0.5%
High of , latest

In words: Volatility of iShares MSCI Poland UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 19.6% over 1 year, 21.9% over 3 years, 24.9% over 5 years. Largest fall in the price of iShares MSCI Poland UCITS ETF since October 2021, in pounds: −44.7% from 05/11/2021 to 30/09/2022. The lowest 12-month return of iShares MSCI Poland UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −44.4% (12 months to 14/10/2022); the highest was +63.4% (12 months to 02/01/2026). On 30/09/2026 the price of iShares MSCI Poland UCITS ETF was 0.5% below its highest weekly close since October 2021 (25/09/2026), in pounds.

Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
0.74%
a year
On £10,000
£74
a year, roughly
Over five years
£365
of £10,000, before growth
Among 141 emerging-market share funds, share classes counted once
  • 125 charge less
  • 5 the same
  • 10 charge more

Ongoing charge of iShares MSCI Poland UCITS ETF 0.74% a year, as of 01/10/2026: 10 of the 140 other emerging-market share funds charge more, 5 the same and 125 less (share classes counted once).

Source: Fund ongoing charges via TradingView, as of

A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

iShares MSCI Poland UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2011.

It tracks the MSCI Poland.

You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Its ongoing charge is 0.74% a year — about £74 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.

Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN

Key facts

Ticker
SPOL
ISIN
IE00B4M7GH52
Provider
iShares
Tracks
MSCI Poland
Structure
ETF
An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
Income
Accumulating
Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Ongoing charge
0.74% a year · about £74 on £10,000
Fund size
£672m
Launched
Domicile
Ireland
Can be held in
ISA and SIPP
Currency hedged
No
Price currency
Pounds (GBP)

Price chart

Closing price
£32.13+8.0% since 30/07/2026 · closing price
SPOL closing price: £29.76 on 30/07/2026, £32.13 on 30/09/2026 (+8.0%); low £29.76, high £32.29.

Since 30/07/2026, the closing price went from £29.76 on 30/07/2026 to £32.13 on 30/09/2026 (+8.0%). The lowest close shown was £29.76 on 30/07/2026 and the highest £32.29 on 25/09/2026.

Chart: closing prices we have recorded since 30/07/2026.

Source: TradingView, as of , at least 15 min delayed

Five years of prices, and after inflation

10 weekly closes, from 30/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

Sign-up takes an email address. There is no card to enter and nothing to pay.

How we work it out:Prices and returnsNAV and price

What it holds

The ten largest holdings make up 85.5% of the fund, as of .

Top 10 holdings

Top holdings of SPOL: the ten largest, as a percentage of the whole fund, as of 29/09/2026
Rank#HoldingWeight as a percentage of the fund
1Powszechna Kasa Oszczednosci Bank19.59%
2Orlen15.44%
3Bank Pekao8.88%
4Allegro8.62%
5Kghm Polska Miedz8.20%
6Pzu7.31%
7Erste Bank Polska5.83%
8Lpp5.06%
9Mbank3.39%
10Dino Polska3.15%

Source: iShares, holdings as published, as of , company pages by TradingView

Where it invests

The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

By sector

  1. Financials47.6%
  2. Energy15.4%
  3. Consumer Discretionary13.7%
  4. Materials8.2%
  5. Consumer Staples5.4%
  6. Communication Services2.9%
  7. Utilities2.3%
  8. Information Technology2.2%
  9. Other sectors2.3%
As published by iShares, as of 29/09/2026.

By type of asset

  1. Equity99.3%
  2. Cash and money market0.7%
Added up from the holdings iShares publishes, as of 29/09/2026.

18 holdings are listed for this fund. All 18 holdings of SPOL, with the full split by sector, country and type of asset.

More of the portfolio

The fund publishes 18 holdings; the ten largest make up 85.5% of it. The fund's portfolio is also split by currency.

Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns

Sign-up takes an email address. There is no card to enter and nothing to pay.

Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.
  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.

    With a free account
  • Rolling returns

    The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.

    With a free account
  • Largest falls and recoveries

    The 3 largest falls since October 2021, in pounds, with how many weeks each took to reach its low and to recover.

    With a free account

Create a free account to see the risk ratios, every rolling return and each large fall and its recovery

Sign-up takes an email address. There is no card to enter and nothing to pay.

  • Rank among similar funds

    Rank by total return over 1, 3 and 5 years among up to 125 emerging-market share funds, not currency-hedged, highest first.

    Pro
  • Moves compared with a similar fund

    Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 30/09/2026 (153 weeks).

    Pro

Pro — currently by invitation

Pro includes the rank among similar funds and moves against a comparable fund

Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].

Questions people ask

What is the ongoing charge of SPOL?

The ongoing charge of SPOL is 0.74% a year — about £74 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares MSCI Poland UCITS ETF 0.74% a year, as of 01/10/2026: 10 of the 140 other emerging-market share funds charge more, 5 the same and 125 less (share classes counted once).

What does SPOL track?

SPOL tracks the MSCI Poland.

Is SPOL accumulating or distributing?

SPOL is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

What is the ISIN of SPOL?

The ISIN of SPOL is IE00B4M7GH52. An ISIN identifies one exact share class of a fund; SPOL is its ticker on the London Stock Exchange.

What were SPOL’s returns in each of the last five years?

Calendar-year returns of SPOL in pounds (price, with income reinvested in the fund): 2022 −18.0%, 2023 +41.5%, 2024 −5.1%, 2025 +60.8%; 2026 to 30/09/2026 +31.5%. Past performance is not a guide to future returns.

How has SPOL done after inflation?

Over the five years to 30/09/2026 SPOL’s total return was +128.1%, or +78.3% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More emerging-market share funds, largest first. Size is a fact, not a verdict.

Sources and dates

Prices
London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
Returns
TradingView reported returns (net asset value with income reinvested where available)
Calendar years, risk
Fundology, from recorded closes (weekly history from the data vendor where our record is short)
Inflation
ONS CPIH, latest month used August 2026
Charges
The fund’s ongoing charges figure, via TradingView
Holdings
iShares, as published,
Identity
FCA Financial Instruments Reference Data System (FIRDS) and the issuer
Fund size
TradingView, converted to pounds at the latest ECB reference rate

Methodology:Data sourcesReturnsCategoriesAll methods

A machine-readable copy of this page: Markdown.