4BRZ.DE vs. IQQB.DE
4BRZ.DE (iShares MSCI Brazil UCITS ETF (DE) USD (Acc)) and IQQB.DE (iShares MSCI Brazil UCITS ETF (Dist)) are both Latin America Equities funds from iShares - 4BRZ.DE tracks the MSCI Brazil 25/50 Index while IQQB.DE tracks the MSCI Brazil. Both are passively managed. Over the past 5 years, 4BRZ.DE returned 5.24%/yr vs 5.48%/yr for IQQB.DE. With a 0.97 correlation, they move nearly in lockstep. 4BRZ.DE charges 0.31%/yr vs 0.74%/yr for IQQB.DE.
Performance
4BRZ.DE vs. IQQB.DE - Performance Comparison
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Different Trading Currencies
4BRZ.DE is traded in USD, while IQQB.DE is traded in EUR. To make them comparable, the IQQB.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4BRZ.DE achieves a 10.78% return, which is significantly lower than IQQB.DE's 11.44% return.
4BRZ.DE
- 1D
- 1.19%
- 1M
- 1.17%
- 6M
- 9.79%
- YTD
- 10.78%
- 1Y
- 25.26%
- 3Y*
- 8.77%
- 5Y*
- 5.24%
- 10Y*
- —
IQQB.DE
- 1D
- 0.98%
- 1M
- 1.48%
- 6M
- 10.05%
- YTD
- 11.44%
- 1Y
- 23.96%
- 3Y*
- 7.86%
- 5Y*
- 5.48%
- 10Y*
- 6.64%
4BRZ.DE vs. IQQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 10.78% | 48.47% | -29.92% | 32.87% | 14.05% | -19.58% | -19.46% | 28.48% | -1.96% |
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 11.44% | 46.67% | -29.05% | 29.47% | 15.48% | -22.25% | -14.62% | 22.90% | -1.85% |
Correlation
The correlation between 4BRZ.DE and IQQB.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.97 |
The correlation between 4BRZ.DE and IQQB.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
4BRZ.DE vs. IQQB.DE — Risk / Return Rank
4BRZ.DE
IQQB.DE
4BRZ.DE vs. IQQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) and iShares MSCI Brazil UCITS ETF (Dist) (IQQB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 4BRZ.DE | IQQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.17 | +0.12 |
| Martin ratioReturn relative to average drawdown | 3.45 | 3.18 | +0.27 |
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Drawdowns
4BRZ.DE vs. IQQB.DE - Drawdown Comparison
The maximum 4BRZ.DE drawdown since its inception was -57.20%, smaller than the maximum IQQB.DE drawdown of -77.72%. Use the drawdown chart below to compare losses from any high point for 4BRZ.DE and IQQB.DE.
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Drawdown Indicators
| 4BRZ.DE | IQQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.20% | -77.72% | +20.52% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -20.35% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -30.79% | -30.09% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -32.39% | -30.78% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.74% | — |
Current DrawdownCurrent decline from peak | -15.72% | -27.91% | +12.19% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -42.78% | +23.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 7.35% | -0.22% |
Volatility
4BRZ.DE vs. IQQB.DE - Volatility Comparison
iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) and iShares MSCI Brazil UCITS ETF (Dist) (IQQB.DE) have volatilities of 7.07% and 6.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4BRZ.DE | IQQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 6.85% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 18.73% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.57% | 23.70% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.42% | 26.93% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.15% | 32.08% | +1.07% |
4BRZ.DE vs. IQQB.DE - Expense Ratio Comparison
4BRZ.DE has a 0.31% expense ratio, which is lower than IQQB.DE's 0.74% expense ratio.
Dividends
4BRZ.DE vs. IQQB.DE - Dividend Comparison
4BRZ.DE has not paid dividends to shareholders, while IQQB.DE's dividend yield for the trailing twelve months is around 3.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 3.78% | 4.47% | 6.44% | 5.50% | 13.94% | 6.23% | 1.92% | 2.46% | 2.55% | 1.49% | 1.74% | 3.53% |
Frequently Asked Questions
With a correlation of 0.97, 4BRZ.DE and IQQB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 4BRZ.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4BRZ.DE is cheaper with a 0.31% expense ratio, compared with 0.74% for IQQB.DE.
4BRZ.DE tracks MSCI Brazil 25/50 Index, while IQQB.DE tracks MSCI Brazil. Their fees differ too: 0.31% for 4BRZ.DE and 0.74% for IQQB.DE.
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