EMEC.DE vs. IQQ0.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - EMEC.DE tracks the ECPI Circular Economy Leaders Equity while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 6.14%/yr for IQQ0.DE. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
EMEC.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly higher than IQQ0.DE's 1.59% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 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%
EMEC.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 8.36% | 18.47% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 10.74% |
Correlation
The correlation between EMEC.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 | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.69 |
Over the past year, the correlation between EMEC.DE and IQQ0.DE has dropped to 0.43 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
EMEC.DE vs. IQQ0.DE — Risk / Return Rank
EMEC.DE
IQQ0.DE
EMEC.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 EUR (EMEC.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.
| EMEC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.00 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | -0.05 | +2.70 |
| Martin ratioReturn relative to average drawdown | 9.05 | -0.12 | +9.17 |
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
| EMEC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | -0.04 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.60 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.76 | +0.06 |
Drawdowns
EMEC.DE vs. IQQ0.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, which is greater than IQQ0.DE's maximum drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and IQQ0.DE.
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Drawdown Indicators
| EMEC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -28.65% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -5.22% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -12.82% | -7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -12.82% | -7.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.65% | — |
Current DrawdownCurrent decline from peak | -0.24% | -6.65% | +6.41% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.54% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.44% | -0.12% |
Volatility
EMEC.DE vs. IQQ0.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) has a higher volatility of 3.47% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that EMEC.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
| EMEC.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.53% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 5.36% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 7.78% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 10.08% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 11.62% | +4.38% |
EMEC.DE vs. IQQ0.DE - Expense Ratio Comparison
Both EMEC.DE and IQQ0.DE have an expense ratio of 0.30%.
Dividends
EMEC.DE vs. IQQ0.DE - Dividend Comparison
Neither EMEC.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.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.
EMEC.DE and IQQ0.DE have the same expense ratio: 0.30% per year.
EMEC.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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