CIRC.DE vs. IQQ0.DE
CIRC.DE (Rize Circular Economy Enablers UCITS ETF USD Accumulating) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - CIRC.DE tracks the MSCI ACWI NR USD while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 3 years, CIRC.DE returned 5.99%/yr vs 6.35%/yr for IQQ0.DE. At a 0.44 correlation, their price movements are largely independent. CIRC.DE charges 0.45%/yr vs 0.30%/yr for IQQ0.DE.
Performance
CIRC.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CIRC.DE achieves a 6.63% return, which is significantly higher than IQQ0.DE's 1.59% return.
CIRC.DE
- 1D
- 0.84%
- 1M
- 1.42%
- YTD
- 6.63%
- 6M
- 7.82%
- 1Y
- 10.44%
- 3Y*
- 5.99%
- 5Y*
- —
- 10Y*
- —
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.50%
- YTD
- 1.59%
- 6M
- 1.72%
- 1Y
- -0.28%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
CIRC.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CIRC.DE Rize Circular Economy Enablers UCITS ETF USD Accumulating | 6.63% | -1.18% | 4.92% | 11.59% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.25% |
Correlation
The correlation between CIRC.DE and IQQ0.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2023 | 0.44 |
The correlation between CIRC.DE and IQQ0.DE shifts across timeframes, from 0.34 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CIRC.DE vs. IQQ0.DE — Risk / Return Rank
CIRC.DE
IQQ0.DE
CIRC.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rize Circular Economy Enablers UCITS ETF USD Accumulating (CIRC.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.
| CIRC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.00 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | -0.05 | +1.09 |
| Martin ratioReturn relative to average drawdown | 3.05 | -0.12 | +3.16 |
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
| CIRC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | -0.04 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.76 | -0.32 |
Drawdowns
CIRC.DE vs. IQQ0.DE - Drawdown Comparison
The maximum CIRC.DE drawdown since its inception was -25.21%, smaller than the maximum IQQ0.DE drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for CIRC.DE and IQQ0.DE.
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Drawdown Indicators
| CIRC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.21% | -28.65% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.07% | -5.22% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -25.21% | -12.82% | -12.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.65% | — |
Current DrawdownCurrent decline from peak | -5.12% | -6.65% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -4.54% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.44% | +0.98% |
Volatility
CIRC.DE vs. IQQ0.DE - Volatility Comparison
Rize Circular Economy Enablers UCITS ETF USD Accumulating (CIRC.DE) has a higher volatility of 3.89% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that CIRC.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
| CIRC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 2.53% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 5.36% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 7.78% | +7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 10.08% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 11.62% | +4.52% |
CIRC.DE vs. IQQ0.DE - Expense Ratio Comparison
CIRC.DE has a 0.45% expense ratio, which is higher than IQQ0.DE's 0.30% expense ratio.
Dividends
CIRC.DE vs. IQQ0.DE - Dividend Comparison
Neither CIRC.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
CIRC.DE and IQQ0.DE have a correlation of 0.34, 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 0.45% for CIRC.DE.
CIRC.DE tracks MSCI ACWI NR USD, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Davy and iShares. Their fees differ too: 0.45% for CIRC.DE and 0.30% for IQQ0.DE.
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