EXW3.DE vs. IQQU.DE
EXW3.DE (iShares STOXX Europe 50 UCITS ETF (DE)) and IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) are both Europe Equities funds from iShares - EXW3.DE tracks the STOXX® Europe 50 while IQQU.DE tracks the MSCI Europe ex UK. Both are passively managed. Over the past 10 years, EXW3.DE returned 9.73%/yr vs 9.78%/yr for IQQU.DE. Their correlation of 0.91 suggests significant overlap in exposure. EXW3.DE charges 0.52%/yr vs 0.40%/yr for IQQU.DE.
Performance
EXW3.DE vs. IQQU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXW3.DE achieves a 13.53% return, which is significantly higher than IQQU.DE's 10.15% return. Both investments have delivered pretty close results over the past 10 years, with EXW3.DE having a 9.73% annualized return and IQQU.DE not far ahead at 9.78%.
EXW3.DE
- 1D
- -0.53%
- 1M
- -0.34%
- 6M
- 7.74%
- YTD
- 13.53%
- 1Y
- 24.57%
- 3Y*
- 14.51%
- 5Y*
- 12.14%
- 10Y*
- 9.73%
IQQU.DE
- 1D
- -0.42%
- 1M
- -0.30%
- 6M
- 6.22%
- YTD
- 10.15%
- 1Y
- 19.20%
- 3Y*
- 13.69%
- 5Y*
- 9.34%
- 10Y*
- 9.78%
EXW3.DE vs. IQQU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 13.53% | 18.18% | 7.34% | 14.18% | -1.79% | 26.04% | -6.57% | 28.26% | -10.63% | 9.15% |
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 10.15% | 20.10% | 6.36% | 17.27% | -12.22% | 24.46% | 1.52% | 28.72% | -11.38% | 11.87% |
Correlation
The correlation between EXW3.DE and IQQU.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2006 | 0.91 |
The correlation between EXW3.DE and IQQU.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
EXW3.DE vs. IQQU.DE — Risk / Return Rank
EXW3.DE
IQQU.DE
EXW3.DE vs. IQQU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.DE) and iShares MSCI Europe ex-UK UCITS ETF (IQQU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EXW3.DE | IQQU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.92 | +0.65 |
| Martin ratioReturn relative to average drawdown | 9.49 | 7.25 | +2.24 |
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Drawdowns
EXW3.DE vs. IQQU.DE - Drawdown Comparison
The maximum EXW3.DE drawdown since its inception was -57.13%, roughly equal to the maximum IQQU.DE drawdown of -58.28%. Use the drawdown chart below to compare losses from any high point for EXW3.DE and IQQU.DE.
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Drawdown Indicators
| EXW3.DE | IQQU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.13% | -58.28% | +1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -9.97% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -16.34% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -22.55% | +5.26% |
Max Drawdown (10Y)Largest decline over 10 years | -32.27% | -34.62% | +2.35% |
Current DrawdownCurrent decline from peak | -2.81% | -2.31% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -12.48% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.64% | -0.06% |
Volatility
EXW3.DE vs. IQQU.DE - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.DE) has a higher volatility of 3.68% compared to iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) at 3.45%. This indicates that EXW3.DE's price experiences larger fluctuations and is considered to be riskier than IQQU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXW3.DE | IQQU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.45% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 11.42% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.20% | 13.69% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 14.92% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 15.38% | -0.32% |
EXW3.DE vs. IQQU.DE - Expense Ratio Comparison
EXW3.DE has a 0.52% expense ratio, which is higher than IQQU.DE's 0.40% expense ratio.
Dividends
EXW3.DE vs. IQQU.DE - Dividend Comparison
EXW3.DE's dividend yield for the trailing twelve months is around 2.28%, more than IQQU.DE's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 2.28% | 2.22% | 2.44% | 2.10% | 2.52% | 2.04% | 2.16% | 2.79% | 2.83% | 5.17% | 4.31% | 3.43% |
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 2.02% | 2.15% | 2.38% | 2.36% | 2.33% | 1.62% | 1.43% | 2.31% | 2.67% | 2.26% | 2.31% | 2.14% |
Frequently Asked Questions
With a correlation of 0.93, EXW3.DE and IQQU.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, IQQU.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQU.DE is cheaper with a 0.40% expense ratio, compared with 0.52% for EXW3.DE.
EXW3.DE tracks STOXX® Europe 50, while IQQU.DE tracks MSCI Europe ex UK. Their fees differ too: 0.52% for EXW3.DE and 0.40% for IQQU.DE.
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