IPAB.DE vs. IUSQ.DE
IPAB.DE (iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - IPAB.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select, while IUSQ.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 3 years, IPAB.DE returned 4.79%/yr vs 18.41%/yr for IUSQ.DE. At a 0.26 correlation, their price movements are largely independent. IPAB.DE charges 0.15%/yr vs 0.20%/yr for IUSQ.DE.
Performance
IPAB.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IPAB.DE achieves a 1.25% return, which is significantly lower than IUSQ.DE's 12.95% return.
IPAB.DE
- 1D
- 0.18%
- 1M
- 0.71%
- YTD
- 1.25%
- 6M
- 1.44%
- 1Y
- 2.36%
- 3Y*
- 4.79%
- 5Y*
- —
- 10Y*
- —
IUSQ.DE
- 1D
- -0.36%
- 1M
- 1.02%
- YTD
- 12.95%
- 6M
- 13.38%
- 1Y
- 27.30%
- 3Y*
- 18.41%
- 5Y*
- 11.86%
- 10Y*
- 12.83%
IPAB.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPAB.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc | 1.25% | 2.95% | 4.43% | 7.23% | -3.20% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.95% | 9.02% | 24.53% | 18.57% | -6.30% |
Correlation
The correlation between IPAB.DE and IUSQ.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.26 |
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Return for Risk
IPAB.DE vs. IUSQ.DE — Risk / Return Rank
IPAB.DE
IUSQ.DE
IPAB.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.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.
| IPAB.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.43 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 4.19 | -3.31 |
| Martin ratioReturn relative to average drawdown | 3.26 | 17.20 | -13.94 |
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Drawdowns
IPAB.DE vs. IUSQ.DE - Drawdown Comparison
The maximum IPAB.DE drawdown since its inception was -9.09%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for IPAB.DE and IUSQ.DE.
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Drawdown Indicators
| IPAB.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.09% | -33.60% | +24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -6.48% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -21.25% | +18.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.09% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -4.17% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.58% | -0.86% |
Volatility
IPAB.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.DE) is 0.76%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.44%. This indicates that IPAB.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
| IPAB.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 3.44% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 8.52% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 11.71% | -8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 13.98% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 15.01% | -10.51% |
IPAB.DE vs. IUSQ.DE - Expense Ratio Comparison
IPAB.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
IPAB.DE vs. IUSQ.DE - Dividend Comparison
Neither IPAB.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IPAB.DE and IUSQ.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPAB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPAB.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IUSQ.DE.
IPAB.DE is categorized as European Corporate Bonds, while IUSQ.DE is Global Equities. IPAB.DE tracks Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select, while IUSQ.DE tracks MSCI ACWI Index. Their fees differ too: 0.15% for IPAB.DE and 0.20% for IUSQ.DE.
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