IBCQ.DE vs. IUSQ.DE
IBCQ.DE (iShares Global Corp Bond EUR Hedged UCITS ETF (Dist)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - IBCQ.DE is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate Index (EUR Hedged), while IUSQ.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, IBCQ.DE returned 0.44%/yr vs 12.51%/yr for IUSQ.DE. At a 0.07 correlation, their price movements are largely independent. IBCQ.DE charges 0.25%/yr vs 0.20%/yr for IUSQ.DE.
Performance
IBCQ.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCQ.DE achieves a 0.37% return, which is significantly lower than IUSQ.DE's 14.14% return. Over the past 10 years, IBCQ.DE has underperformed IUSQ.DE with an annualized return of 0.44%, while IUSQ.DE has yielded a comparatively higher 12.51% annualized return.
IBCQ.DE
- 1D
- -0.07%
- 1M
- 0.56%
- 6M
- 0.23%
- YTD
- 0.37%
- 1Y
- 2.17%
- 3Y*
- 3.66%
- 5Y*
- -1.18%
- 10Y*
- 0.44%
IUSQ.DE
- 1D
- 0.59%
- 1M
- 1.08%
- 6M
- 13.65%
- YTD
- 14.14%
- 1Y
- 26.53%
- 3Y*
- 17.85%
- 5Y*
- 11.85%
- 10Y*
- 12.51%
IBCQ.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 0.37% | 4.51% | 1.64% | 6.18% | -16.03% | -2.10% | 5.98% | 9.58% | -4.23% | 3.49% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 14.14% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between IBCQ.DE and IUSQ.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2013 | 0.07 |
The correlation between IBCQ.DE and IUSQ.DE shifts across timeframes, from 0.07 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBCQ.DE vs. IUSQ.DE — Risk / Return Rank
IBCQ.DE
IUSQ.DE
IBCQ.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.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.
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.
| IBCQ.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.41 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 4.08 | -3.41 |
| Martin ratioReturn relative to average drawdown | 2.11 | 16.66 | -14.54 |
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Drawdowns
IBCQ.DE vs. IUSQ.DE - Drawdown Comparison
The maximum IBCQ.DE drawdown since its inception was -21.76%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for IBCQ.DE and IUSQ.DE.
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Drawdown Indicators
| IBCQ.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.76% | -33.60% | +11.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | -6.48% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -21.25% | +16.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -21.25% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -21.76% | -33.60% | +11.84% |
Current DrawdownCurrent decline from peak | -7.19% | -0.06% | -7.13% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -4.17% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.59% | -0.57% |
Volatility
IBCQ.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.DE) is 0.90%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.66%. This indicates that IBCQ.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
| IBCQ.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 3.66% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 8.63% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 11.78% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 13.99% | -7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 14.98% | -9.13% |
IBCQ.DE vs. IUSQ.DE - Expense Ratio Comparison
IBCQ.DE has a 0.25% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBCQ.DE vs. IUSQ.DE - Dividend Comparison
IBCQ.DE's dividend yield for the trailing twelve months is around 4.11%, while IUSQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 4.11% | 3.96% | 3.75% | 3.20% | 2.62% | 2.09% | 2.36% | 2.66% | 3.00% | 2.19% | 2.51% | 2.75% |
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
IBCQ.DE and IUSQ.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IBCQ.DE.
IBCQ.DE is categorized as Global Corporate Bonds, while IUSQ.DE is Global Equities. IBCQ.DE tracks Bloomberg Global Aggregate Corporate Index (EUR Hedged), while IUSQ.DE tracks MSCI ACWI Index. Their fees differ too: 0.25% for IBCQ.DE and 0.20% for IUSQ.DE.
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