ENOA.DE vs. IQQN.DE
ENOA.DE (BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF) and IQQN.DE (iShares MSCI North America UCITS ETF) are both Large Cap Blend Equities funds - ENOA.DE tracks the MSCI North America ESG Filtered Min TE while IQQN.DE tracks the MSCI North America. Both are passively managed. Over the past 5 years, ENOA.DE returned 13.15%/yr vs 13.97%/yr for IQQN.DE. With a 0.99 correlation, they move nearly in lockstep. ENOA.DE charges 0.15%/yr vs 0.40%/yr for IQQN.DE.
Performance
ENOA.DE vs. IQQN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ENOA.DE having a 11.11% return and IQQN.DE slightly lower at 11.09%.
ENOA.DE
- 1D
- -0.05%
- 1M
- 4.58%
- YTD
- 11.11%
- 6M
- 10.37%
- 1Y
- 24.56%
- 3Y*
- 17.84%
- 5Y*
- 13.15%
- 10Y*
- —
IQQN.DE
- 1D
- -0.05%
- 1M
- 4.42%
- YTD
- 11.09%
- 6M
- 10.54%
- 1Y
- 24.97%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
ENOA.DE vs. IQQN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENOA.DE BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF | 11.11% | 3.55% | 30.16% | 20.47% | -15.59% | 38.32% | 9.00% | 34.01% | -95.57% | 5.70% |
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 8.53% | 34.21% | -2.31% | 6.17% |
Correlation
The correlation between ENOA.DE and IQQN.DE is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.99 |
The correlation between ENOA.DE and IQQN.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
ENOA.DE vs. IQQN.DE — Risk / Return Rank
ENOA.DE
IQQN.DE
ENOA.DE vs. IQQN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF (ENOA.DE) and iShares MSCI North America UCITS ETF (IQQN.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.
| ENOA.DE | IQQN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.46 | -0.28 |
| Martin ratioReturn relative to average drawdown | 11.09 | 12.25 | -1.16 |
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
| ENOA.DE | IQQN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 2.16 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.91 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.59 | -1.07 |
Drawdowns
ENOA.DE vs. IQQN.DE - Drawdown Comparison
The maximum ENOA.DE drawdown since its inception was -96.01%, which is greater than IQQN.DE's maximum drawdown of -52.40%. Use the drawdown chart below to compare losses from any high point for ENOA.DE and IQQN.DE.
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Drawdown Indicators
| ENOA.DE | IQQN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.01% | -52.40% | -43.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -7.22% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -23.46% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -23.46% | -0.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.38% | — |
Current DrawdownCurrent decline from peak | -87.22% | -0.35% | -86.87% |
Average DrawdownAverage peak-to-trough decline | -75.96% | -9.11% | -66.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.05% | +0.17% |
Volatility
ENOA.DE vs. IQQN.DE - Volatility Comparison
BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF (ENOA.DE) and iShares MSCI North America UCITS ETF (IQQN.DE) have volatilities of 2.73% and 2.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENOA.DE | IQQN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.66% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 7.55% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 11.56% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 15.24% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.63% | 16.09% | +19.54% |
ENOA.DE vs. IQQN.DE - Expense Ratio Comparison
ENOA.DE has a 0.15% expense ratio, which is lower than IQQN.DE's 0.40% expense ratio.
Dividends
ENOA.DE vs. IQQN.DE - Dividend Comparison
ENOA.DE has not paid dividends to shareholders, while IQQN.DE's dividend yield for the trailing twelve months is around 0.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENOA.DE BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQN.DE iShares MSCI North America UCITS ETF | 0.61% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
Frequently Asked Questions
With a correlation of 1.00, ENOA.DE and IQQN.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.
On fees, ENOA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENOA.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for IQQN.DE.
ENOA.DE tracks MSCI North America ESG Filtered Min TE, while IQQN.DE tracks MSCI North America. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.15% for ENOA.DE and 0.40% for IQQN.DE.
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