AYEU.DE vs. IS3Q.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both Global Equities funds from iShares - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while IS3Q.DE tracks the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 5 years, AYEU.DE returned 9.09%/yr vs 11.00%/yr for IS3Q.DE. Their correlation of 0.84 suggests significant overlap in exposure. AYEU.DE charges 0.40%/yr vs 0.30%/yr for IS3Q.DE.
Performance
AYEU.DE vs. IS3Q.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly higher than IS3Q.DE's 13.20% 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*
- —
IS3Q.DE
- 1D
- 0.52%
- 1M
- 4.19%
- 6M
- 13.65%
- YTD
- 13.20%
- 1Y
- 23.04%
- 3Y*
- 15.85%
- 5Y*
- 11.00%
- 10Y*
- 12.36%
AYEU.DE vs. IS3Q.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% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 13.20% | 2.80% | 23.78% | 21.69% | -14.83% | 22.98% |
Correlation
The correlation between AYEU.DE and IS3Q.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.84 |
The correlation between AYEU.DE and IS3Q.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AYEU.DE vs. IS3Q.DE — Risk / Return Rank
AYEU.DE
IS3Q.DE
AYEU.DE vs. IS3Q.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 Quality Factor UCITS ETF (Acc) (IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.62 | -0.80 |
| Martin ratioReturn relative to average drawdown | 9.05 | 15.01 | -5.95 |
Loading charts...
Drawdowns
AYEU.DE vs. IS3Q.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum IS3Q.DE drawdown of -32.30%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and IS3Q.DE.
Loading charts...
Drawdown Indicators
| AYEU.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -32.30% | +10.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -6.33% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -20.63% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -20.63% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.30% | — |
Current DrawdownCurrent decline from peak | -3.25% | -0.04% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -6.23% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.53% | +0.97% |
Volatility
AYEU.DE vs. IS3Q.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 Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.62%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AYEU.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 2.62% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 7.40% | +5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 10.72% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 14.16% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 15.79% | +0.08% |
AYEU.DE vs. IS3Q.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than IS3Q.DE's 0.30% expense ratio.
Dividends
AYEU.DE vs. IS3Q.DE - Dividend Comparison
Neither AYEU.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and IS3Q.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3Q.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3Q.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 IS3Q.DE tracks MSCI World Sector Neutral Quality. Their fees differ too: 0.40% for AYEU.DE and 0.30% for IS3Q.DE.
Find the right allocation for AYEU.DE and IS3Q.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer