GIN.L vs. IQQI.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) and iShares Global Infrastructure UCITS ETF (IQQI.DE).

GIN.L and IQQI.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GIN.L is a passively managed fund by State Street that tracks the performance of the Morningstar EAA USD Mod Tgt Alloc NR USD. It was launched on Apr 14, 2015. IQQI.DE is a passively managed fund by iShares that tracks the performance of the FTSE Global Core Infrastructure Index. It was launched on Nov 20, 2006. Both GIN.L and IQQI.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GIN.L vs. IQQI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) and iShares Global Infrastructure UCITS ETF (IQQI.DE). The values are adjusted to include any dividend payments, if applicable.

GIN.L vs. IQQI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIN.L SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist	2.94%	3.55%	2.09%	1.50%	-3.30%	1,062.98%	3.81%	14.60%	1.51%	3.01%
IQQI.DE iShares Global Infrastructure UCITS ETF	11.14%	5.50%	9.32%	-5.27%	4.97%	17.63%	-6.04%	20.84%	3.30%	4.67%

Different Trading Currencies

GIN.L is traded in GBP, while IQQI.DE is traded in EUR. To make them comparable, the IQQI.DE values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GIN.L achieves a 2.94% return, which is significantly lower than IQQI.DE's 11.14% return. Over the past 10 years, GIN.L has outperformed IQQI.DE with an annualized return of 33.62%, while IQQI.DE has yielded a comparatively lower 8.01% annualized return.

GIN.L

• 1D: -1.42%
• 1M: -3.76%
• YTD: 2.94%
• 6M: 5.01%
• 1Y: 7.15%
• 3Y*: 3.71%
• 5Y*: 2.79%
• 10Y*: 33.62%

IQQI.DE

• 1D: 0.15%
• 1M: -2.20%
• YTD: 11.14%
• 6M: 11.27%
• 1Y: 13.59%
• 3Y*: 8.22%
• 5Y*: 7.60%
• 10Y*: 8.01%

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

GIN.L vs. IQQI.DE - Expense Ratio Comparison

GIN.L has a 0.40% expense ratio, which is lower than IQQI.DE's 0.65% expense ratio.

IQQI.DE

iShares Global Infrastructure UCITS ETF

GIN.L

SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist

Return for Risk

GIN.L vs. IQQI.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIN.L

GIN.L Risk / Return Rank: 45
GIN.L Sharpe Ratio Rank: 39
GIN.L Sortino Ratio Rank: 36
GIN.L Omega Ratio Rank: 33
GIN.L Calmar Ratio Rank: 69
GIN.L Martin Ratio Rank: 48

IQQI.DE

IQQI.DE Risk / Return Rank: 32
IQQI.DE Sharpe Ratio Rank: 33
IQQI.DE Sortino Ratio Rank: 30
IQQI.DE Omega Ratio Rank: 30
IQQI.DE Calmar Ratio Rank: 33
IQQI.DE Martin Ratio Rank: 32

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.

GIN.L vs. IQQI.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) and iShares Global Infrastructure UCITS ETF (IQQI.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.

	GIN.L	IQQI.DE	Difference
Sharpe ratio Return per unit of total volatility	0.78	1.09	-0.31
Sortino ratio Return per unit of downside risk	1.10	1.52	-0.42
Omega ratio Gain probability vs. loss probability	1.14	1.22	-0.07
Calmar ratio Return relative to maximum drawdown	1.92	1.60	+0.32
Martin ratio Return relative to average drawdown	4.92	5.61	-0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIN.L vs. IQQI.DE - Sharpe Ratio Comparison

The current GIN.L Sharpe Ratio is 0.78, which is comparable to the IQQI.DE Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of GIN.L and IQQI.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GIN.L	IQQI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	1.09	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.61	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.55	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.39	-0.28

Correlation

The correlation between GIN.L and IQQI.DE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GIN.L vs. IQQI.DE - Dividend Comparison

GIN.L has not paid dividends to shareholders, while IQQI.DE's dividend yield for the trailing twelve months is around 1.81%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIN.L SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist	0.00%	0.00%	0.00%	2.80%	2.47%	87.32%	2.23%	2.37%	2.16%	2.30%	2.17%	1.81%
IQQI.DE iShares Global Infrastructure UCITS ETF	1.81%	2.05%	2.11%	2.24%	2.02%	1.56%	1.99%	1.84%	1.97%	2.45%	2.36%	2.85%

Drawdowns

GIN.L vs. IQQI.DE - Drawdown Comparison

The maximum GIN.L drawdown since its inception was -15.71%, smaller than the maximum IQQI.DE drawdown of -36.47%. Use the drawdown chart below to compare losses from any high point for GIN.L and IQQI.DE.

Drawdown Indicators

	GIN.L	IQQI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-15.71%	-42.25%	+26.54%
Max Drawdown (1Y) Largest decline over 1 year	-4.18%	-11.01%	+6.83%
Max Drawdown (5Y) Largest decline over 5 years	-12.40%	-24.92%	+12.52%
Max Drawdown (10Y) Largest decline over 10 years	-15.71%	-34.15%	+18.44%
Current Drawdown Current decline from peak	-3.83%	-2.51%	-1.32%
Average Drawdown Average peak-to-trough decline	-3.87%	-11.32%	+7.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.83%	-1.20%

Volatility

GIN.L vs. IQQI.DE - Volatility Comparison

The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) is 3.22%, while iShares Global Infrastructure UCITS ETF (IQQI.DE) has a volatility of 3.66%. This indicates that GIN.L experiences smaller price fluctuations and is considered to be less risky than IQQI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIN.L	IQQI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	3.66%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	6.21%	7.77%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	9.21%	12.38%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.54%	12.42%	-2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	311.42%	14.32%	+297.10%