AYEU.DE vs. IQQ0.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds from iShares - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, AYEU.DE returned 9.09%/yr vs 6.03%/yr for IQQ0.DE. A 0.55 correlation means they provide meaningful diversification when combined. AYEU.DE charges 0.40%/yr vs 0.30%/yr for IQQ0.DE.
Performance
AYEU.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly higher than IQQ0.DE's 4.80% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
IQQ0.DE
- 1D
- 0.31%
- 1M
- 3.14%
- 6M
- 5.58%
- YTD
- 4.80%
- 1Y
- 5.54%
- 3Y*
- 7.57%
- 5Y*
- 6.03%
- 10Y*
- 6.54%
AYEU.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 15.64% | -17.79% | 20.32% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 4.80% | -1.26% | 17.64% | 3.73% | -4.34% | 16.89% |
Correlation
The correlation between AYEU.DE and IQQ0.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.55 |
Over the past year, the correlation between AYEU.DE and IQQ0.DE has dropped to 0.25 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
AYEU.DE vs. IQQ0.DE — Risk / Return Rank
AYEU.DE
IQQ0.DE
AYEU.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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.
| AYEU.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.06 | +1.77 |
| Martin ratioReturn relative to average drawdown | 9.05 | 2.60 | +6.45 |
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Drawdowns
AYEU.DE vs. IQQ0.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum IQQ0.DE drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and IQQ0.DE.
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Drawdown Indicators
| AYEU.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -28.64% | +6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -5.22% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -12.82% | -8.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -12.82% | -9.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.64% | — |
Current DrawdownCurrent decline from peak | -3.25% | -3.71% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -7.05% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.12% | +0.38% |
Volatility
AYEU.DE vs. IQQ0.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.11% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.22%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEU.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 2.22% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 5.55% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 7.87% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 10.09% | +6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 12.76% | +3.11% |
AYEU.DE vs. IQQ0.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than IQQ0.DE's 0.30% expense ratio.
Dividends
AYEU.DE vs. IQQ0.DE - Dividend Comparison
Neither AYEU.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and IQQ0.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQ0.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ0.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while IQQ0.DE tracks MSCI World Minimum Volatility. Their fees differ too: 0.40% for AYEU.DE and 0.30% for IQQ0.DE.
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