EMND.DE vs. IUSQ.DE
EMND.DE (iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both Global Equities funds from iShares - EMND.DE tracks the MSCI World ESG Enhanced Focus while IUSQ.DE tracks the MSCI All Country World (ACWI). Both are passively managed. Over the past 5 years, EMND.DE returned 11.70%/yr vs 12.42%/yr for IUSQ.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.
Performance
EMND.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMND.DE achieves a 10.17% return, which is significantly lower than IUSQ.DE's 12.65% return.
EMND.DE
- 1D
- 0.02%
- 1M
- 3.68%
- YTD
- 10.17%
- 6M
- 10.17%
- 1Y
- 21.70%
- 3Y*
- 16.08%
- 5Y*
- 11.70%
- 10Y*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
EMND.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 10.17% | 6.20% | 25.02% | 18.82% | -15.24% | 33.96% | 7.28% | 12.63% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 11.81% |
Correlation
The correlation between EMND.DE and IUSQ.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.99 |
The correlation between EMND.DE and IUSQ.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
EMND.DE vs. IUSQ.DE — Risk / Return Rank
EMND.DE
IUSQ.DE
EMND.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.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.
| EMND.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 4.08 | -1.01 |
| Martin ratioReturn relative to average drawdown | 12.00 | 16.69 | -4.70 |
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
| EMND.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 2.31 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.88 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.76 | +0.03 |
Drawdowns
EMND.DE vs. IUSQ.DE - Drawdown Comparison
The maximum EMND.DE drawdown since its inception was -33.15%, roughly equal to the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for EMND.DE and IUSQ.DE.
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Drawdown Indicators
| EMND.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.15% | -33.60% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -6.48% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.24% | -21.25% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -21.25% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.55% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.19% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.59% | +0.22% |
Volatility
EMND.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.DE) is 2.65%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that EMND.DE experiences smaller price fluctuations and is considered to be less risky 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
| EMND.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 3.03% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 8.26% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 11.47% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 13.94% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 15.02% | +1.28% |
EMND.DE vs. IUSQ.DE - Expense Ratio Comparison
Both EMND.DE and IUSQ.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EMND.DE vs. IUSQ.DE - Dividend Comparison
EMND.DE's dividend yield for the trailing twelve months is around 0.93%, while IUSQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 0.93% | 1.03% | 1.28% | 1.47% | 2.54% | 1.70% | 1.83% | 1.30% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, EMND.DE and IUSQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMND.DE and IUSQ.DE have the same expense ratio: 0.20% per year.
EMND.DE tracks MSCI World ESG Enhanced Focus, while IUSQ.DE tracks MSCI All Country World (ACWI).
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