BJLC.DE vs. IQQ0.DE
BJLC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - BJLC.DE tracks the ECPI Circular Economy Leaders Equity while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 3 years, BJLC.DE returned 14.35%/yr vs 9.26%/yr for IQQ0.DE. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
BJLC.DE vs. IQQ0.DE - Performance Comparison
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Different Trading Currencies
BJLC.DE is traded in USD, while IQQ0.DE is traded in EUR. To make them comparable, the IQQ0.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BJLC.DE achieves a 9.66% return, which is significantly higher than IQQ0.DE's 0.43% return.
BJLC.DE
- 1D
- -0.04%
- 1M
- 4.48%
- YTD
- 9.66%
- 6M
- 10.24%
- 1Y
- 23.30%
- 3Y*
- 14.35%
- 5Y*
- —
- 10Y*
- —
IQQ0.DE
- 1D
- 0.11%
- 1M
- 0.80%
- YTD
- 0.43%
- 6M
- 1.44%
- 1Y
- 1.43%
- 3Y*
- 9.26%
- 5Y*
- 5.16%
- 10Y*
- 7.05%
BJLC.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BJLC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD | 9.66% | 19.04% | 4.93% | 15.05% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 0.43% | 11.47% | 10.91% | 6.66% |
Correlation
The correlation between BJLC.DE and IQQ0.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.50 |
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Return for Risk
BJLC.DE vs. IQQ0.DE — Risk / Return Rank
BJLC.DE
IQQ0.DE
BJLC.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD (BJLC.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.
| BJLC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.04 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.25 | +2.03 |
| Martin ratioReturn relative to average drawdown | 7.88 | 0.60 | +7.28 |
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
| BJLC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.18 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.68 | +0.38 |
Drawdowns
BJLC.DE vs. IQQ0.DE - Drawdown Comparison
The maximum BJLC.DE drawdown since its inception was -17.90%, smaller than the maximum IQQ0.DE drawdown of -29.16%. Use the drawdown chart below to compare losses from any high point for BJLC.DE and IQQ0.DE.
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Drawdown Indicators
| BJLC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -29.16% | +11.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -5.76% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -9.17% | -8.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.16% | — |
Current DrawdownCurrent decline from peak | -0.04% | -3.87% | +3.83% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -3.30% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.38% | +0.58% |
Volatility
BJLC.DE vs. IQQ0.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF USD (BJLC.DE) has a higher volatility of 3.93% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.22%. This indicates that BJLC.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
| BJLC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 2.22% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 5.53% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 7.98% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 10.96% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 12.04% | +1.99% |
BJLC.DE vs. IQQ0.DE - Expense Ratio Comparison
Both BJLC.DE and IQQ0.DE have an expense ratio of 0.30%.
Dividends
BJLC.DE vs. IQQ0.DE - Dividend Comparison
Neither BJLC.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
BJLC.DE and IQQ0.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BJLC.DE and IQQ0.DE have the same expense ratio: 0.30% per year.
BJLC.DE tracks ECPI Circular Economy Leaders Equity, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: BNP Paribas and iShares.
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