AYEU.DE vs. IUSQ.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both Global Equities funds from iShares - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while IUSQ.DE tracks the MSCI ACWI Index. Both are passively managed. Over the past 5 years, AYEU.DE returned 9.09%/yr vs 11.85%/yr for IUSQ.DE. Their correlation of 0.88 suggests significant overlap in exposure. AYEU.DE charges 0.40%/yr vs 0.20%/yr for IUSQ.DE.
Performance
AYEU.DE vs. IUSQ.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 IUSQ.DE's 14.14% 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*
- —
IUSQ.DE
- 1D
- 0.59%
- 1M
- 1.08%
- 6M
- 13.65%
- YTD
- 14.14%
- 1Y
- 26.53%
- 3Y*
- 17.85%
- 5Y*
- 11.85%
- 10Y*
- 12.51%
AYEU.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 14.14% | 9.02% | 24.53% | 18.57% | -13.58% | 17.52% |
Correlation
The correlation between AYEU.DE and IUSQ.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.88 |
The correlation between AYEU.DE and IUSQ.DE has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
AYEU.DE vs. IUSQ.DE — Risk / Return Rank
AYEU.DE
IUSQ.DE
AYEU.DE vs. IUSQ.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 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.
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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 4.08 | -1.25 |
| Martin ratioReturn relative to average drawdown | 9.05 | 16.66 | -7.60 |
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Drawdowns
AYEU.DE vs. IUSQ.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and IUSQ.DE.
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Drawdown Indicators
| AYEU.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -33.60% | +11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -6.48% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -21.25% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -21.25% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -3.25% | -0.06% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -4.17% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.59% | +0.91% |
Volatility
AYEU.DE vs. IUSQ.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.11% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.66%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier 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
| AYEU.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 3.66% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 8.63% | +4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 11.78% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 13.99% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 14.98% | +0.89% |
AYEU.DE vs. IUSQ.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
AYEU.DE vs. IUSQ.DE - Dividend Comparison
Neither AYEU.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and IUSQ.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while IUSQ.DE tracks MSCI ACWI Index. Their fees differ too: 0.40% for AYEU.DE and 0.20% for IUSQ.DE.
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