36BD.DE vs. IUSQ.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - 36BD.DE is a Government Bonds fund tracking the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs 12.42%/yr for IUSQ.DE. At a 0.00 correlation, their price movements are largely independent. 36BD.DE charges 0.15%/yr vs 0.20%/yr for IUSQ.DE.
Performance
36BD.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly lower than IUSQ.DE's 12.65% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
36BD.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 16.93% |
Correlation
The correlation between 36BD.DE and IUSQ.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.00 |
The correlation between 36BD.DE and IUSQ.DE shifts across timeframes, from -0.00 (5 years) to 0.13 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
36BD.DE vs. IUSQ.DE — Risk / Return Rank
36BD.DE
IUSQ.DE
36BD.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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.
| 36BD.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.43 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 4.08 | -3.61 |
| Martin ratioReturn relative to average drawdown | 1.13 | 16.69 | -15.57 |
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
| 36BD.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 2.31 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.88 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.76 | -0.58 |
Drawdowns
36BD.DE vs. IUSQ.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and IUSQ.DE.
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Drawdown Indicators
| 36BD.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -33.60% | +21.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -6.48% | +2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -21.25% | +11.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -21.25% | +9.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -6.13% | -0.55% | -5.58% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.19% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.59% | -0.04% |
Volatility
36BD.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 3.03% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 8.26% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 11.47% | -6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 13.94% | -6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 15.02% | -7.86% |
36BD.DE vs. IUSQ.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is lower than IUSQ.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BD.DE vs. IUSQ.DE - Dividend Comparison
Neither 36BD.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
36BD.DE and IUSQ.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BD.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IUSQ.DE.
36BD.DE is categorized as Government Bonds, while IUSQ.DE is Global Equities. 36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.15% for 36BD.DE and 0.20% for IUSQ.DE.
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