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EXHF.DE vs. IUSQ.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXHF.DE vs. IUSQ.DE

Last updated Jun 5, 2026

EXHF.DE (iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - EXHF.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, EXHF.DE returned -0.22%/yr vs 12.38%/yr for IUSQ.DE. At a 0.04 correlation, their price movements are largely independent. EXHF.DE charges 0.15%/yr vs 0.20%/yr for IUSQ.DE.

Performance

EXHF.DE vs. IUSQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EXHF.DE achieves a -0.61% return, which is significantly lower than IUSQ.DE's 12.65% return. Over the past 10 years, EXHF.DE has underperformed IUSQ.DE with an annualized return of -0.22%, while IUSQ.DE has yielded a comparatively higher 12.38% annualized return.

EXHF.DE

1D
0.03%
1M
-0.63%
YTD
-0.61%
6M
-0.60%
1Y
0.03%
3Y*
2.53%
5Y*
-1.98%
10Y*
-0.22%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXHF.DE vs. IUSQ.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EXHF.DE
iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)		-0.61%1.93%1.59%7.50%-17.55%-2.72%3.54%5.31%0.83%0.06%
IUSQ.DE
iShares MSCI ACWI UCITS ETF (Acc)		12.65%9.02%24.53%18.57%-13.58%29.13%4.94%30.14%-5.97%9.14%

Correlation

The correlation between EXHF.DE and IUSQ.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2011

0.04

Over the past year, EXHF.DE and IUSQ.DE have become more correlated (0.25) than their long-term average of 0.04, meaning their price movements have been converging.

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iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)

iShares MSCI ACWI UCITS ETF (Acc)

Often compared with EXHF.DE:
EXHF.DE vs. EXHB.DEEXHF.DE vs. XGEZ.DEEXHF.DE vs. SECD.DEEXHF.DE vs. DBXP.DEEXHF.DE vs. EL4S.DEEXHF.DE vs. EUNL.DEEXHF.DE vs. SXRV.DE
Often compared with IUSQ.DE:
IUSQ.DE vs. VWCE.DEIUSQ.DE vs. SWDA.LIUSQ.DE vs. VOOIUSQ.DE vs. SSAC.LIUSQ.DE vs. IS3Q.DEIUSQ.DE vs. BRK-BIUSQ.DE vs. VGVF.DE

Return for Risk

EXHF.DE vs. IUSQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXHF.DE
EXHF.DE Risk / Return Rank: 88
Overall Rank
EXHF.DE Sharpe Ratio Rank: 88
Sharpe Ratio Rank
EXHF.DE Sortino Ratio Rank: 77
Sortino Ratio Rank
EXHF.DE Omega Ratio Rank: 77
Omega Ratio Rank
EXHF.DE Calmar Ratio Rank: 88
Calmar Ratio Rank
EXHF.DE Martin Ratio Rank: 88
Martin Ratio Rank
IUSQ.DE
IUSQ.DE Risk / Return Rank: 7676
Overall Rank
IUSQ.DE Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
IUSQ.DE Sortino Ratio Rank: 7272
Sortino Ratio Rank
IUSQ.DE Omega Ratio Rank: 7474
Omega Ratio Rank
IUSQ.DE Calmar Ratio Rank: 8080
Calmar Ratio Rank
IUSQ.DE Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXHF.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.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.

EXHF.DEIUSQ.DEDifference
Sharpe ratioReturn per unit of total volatility
-0.09
2.31

-2.40

Sortino ratioReturn per unit of downside risk
-0.10
3.20

-3.30

Omega ratioGain probability vs. loss probability

0.99

1.43

-0.45

Calmar ratioReturn relative to maximum drawdown

-0.11

4.08

-4.19

Martin ratioReturn relative to average drawdown

-0.29

16.69

-16.98

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXHF.DE vs. IUSQ.DE - Sharpe Ratio Comparison

The current EXHF.DE Sharpe Ratio is -0.09, which is lower than the IUSQ.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of EXHF.DE and IUSQ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EXHF.DEIUSQ.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.09

2.31

-2.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.31

0.88

-1.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.04

0.82

-0.86

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.76

-0.27

Drawdowns

EXHF.DE vs. IUSQ.DE - Drawdown Comparison

The maximum EXHF.DE drawdown since its inception was -20.75%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for EXHF.DE and IUSQ.DE.

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Drawdown Indicators

EXHF.DEIUSQ.DEDifference

Max Drawdown

Largest peak-to-trough decline

-20.75%

-33.60%

+12.85%

Max Drawdown (1Y)

Largest decline over 1 year

-3.59%

-6.48%

+2.89%

Max Drawdown (3Y)

Largest decline over 3 years

-3.59%

-21.25%

+17.66%

Max Drawdown (5Y)

Largest decline over 5 years

-20.48%

-21.25%

+0.77%

Max Drawdown (10Y)

Largest decline over 10 years

-20.75%

-33.60%

+12.85%

Current Drawdown

Current decline from peak

-11.58%

-0.55%

-11.03%

Average Drawdown

Average peak-to-trough decline

-4.35%

-4.19%

-0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.30%

1.59%

-0.29%

Volatility

EXHF.DE vs. IUSQ.DE - Volatility Comparison

The current volatility for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) is 1.96%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that EXHF.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

EXHF.DEIUSQ.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.96%

3.03%

-1.07%

Volatility (6M)

Calculated over the trailing 6-month period

3.59%

8.26%

-4.67%

Volatility (1Y)

Calculated over the trailing 1-year period

4.14%

11.47%

-7.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.35%

13.94%

-7.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.04%

15.02%

-9.98%

EXHF.DE vs. IUSQ.DE - Expense Ratio Comparison

EXHF.DE has a 0.15% expense ratio, which is lower than IUSQ.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EXHF.DE vs. IUSQ.DE - Dividend Comparison

EXHF.DE's dividend yield for the trailing twelve months is around 1.61%, while IUSQ.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EXHF.DE
iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)		1.61%1.74%1.03%0.51%0.63%0.62%0.66%0.75%0.75%1.51%1.87%2.45%
IUSQ.DE
iShares MSCI ACWI UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EXHF.DE and IUSQ.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EXHF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EXHF.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IUSQ.DE.

EXHF.DE is categorized as European Government Bonds, while IUSQ.DE is Global Equities. EXHF.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.15% for EXHF.DE and 0.20% for IUSQ.DE.

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