IQQ0.DE vs. ^GSPC
IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) is Global Equities fund tracking the MSCI World Minimum Volatility, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IQQ0.DE returned 6.36%/yr vs 12.93%/yr for ^GSPC. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
IQQ0.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IQQ0.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQQ0.DE achieves a 4.07% return, which is significantly lower than ^GSPC's 13.27% return. Over the past 10 years, IQQ0.DE has underperformed ^GSPC with an annualized return of 6.36%, while ^GSPC has yielded a comparatively higher 12.93% annualized return.
IQQ0.DE
- 1D
- -0.70%
- 1M
- 1.76%
- 6M
- 3.37%
- YTD
- 4.07%
- 1Y
- 5.63%
- 3Y*
- 8.27%
- 5Y*
- 5.55%
- 10Y*
- 6.36%
^GSPC
- 1D
- 0.00%
- 1M
- 2.01%
- 6M
- 10.36%
- YTD
- 13.27%
- 1Y
- 22.65%
- 3Y*
- 17.93%
- 5Y*
- 12.49%
- 10Y*
- 12.93%
IQQ0.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 4.07% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 26.17% | 2.03% | 3.11% |
^GSPC S&P 500 Index | 13.27% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between IQQ0.DE and ^GSPC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.50 |
Over the past year, the correlation between IQQ0.DE and ^GSPC has dropped to 0.13 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
IQQ0.DE vs. ^GSPC — Risk / Return Rank
IQQ0.DE
^GSPC
IQQ0.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) and S&P 500 Index (^GSPC). 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.
| IQQ0.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.33 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 3.01 | -1.93 |
| Martin ratioReturn relative to average drawdown | 2.65 | 11.11 | -8.46 |
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Drawdowns
IQQ0.DE vs. ^GSPC - Drawdown Comparison
The maximum IQQ0.DE drawdown since its inception was -28.64%, smaller than the maximum ^GSPC drawdown of -51.17%. Use the drawdown chart below to compare losses from any high point for IQQ0.DE and ^GSPC.
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Drawdown Indicators
| IQQ0.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -51.17% | +22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -7.57% | +2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -23.99% | +11.17% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -23.99% | +11.17% |
Max Drawdown (10Y)Largest decline over 10 years | -28.64% | -33.42% | +4.78% |
Current DrawdownCurrent decline from peak | -4.38% | -0.52% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -8.90% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.04% | +0.08% |
Volatility
IQQ0.DE vs. ^GSPC - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) is 2.54%, while S&P 500 Index (^GSPC) has a volatility of 2.70%. This indicates that IQQ0.DE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQ0.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 2.70% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 5.74% | 9.17% | -3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 12.60% | -4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.10% | 16.85% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.77% | 18.60% | -5.83% |
Frequently Asked Questions
IQQ0.DE and ^GSPC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IQQ0.DE and ^GSPC
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