IQQ0.DE vs. ETLQ.DE
IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - IQQ0.DE tracks the MSCI World Minimum Volatility while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, IQQ0.DE returned 6.14%/yr vs 13.10%/yr for ETLQ.DE. A 0.70 correlation means they provide meaningful diversification when combined. IQQ0.DE charges 0.30%/yr vs 0.10%/yr for ETLQ.DE.
Performance
IQQ0.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQ0.DE achieves a 1.59% return, which is significantly lower than ETLQ.DE's 10.88% return.
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.81%
- YTD
- 1.59%
- 6M
- 1.63%
- 1Y
- 0.25%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
IQQ0.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 22.55% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 32.63% | 5.63% | 24.59% |
Correlation
The correlation between IQQ0.DE and ETLQ.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.70 |
Over the past year, the correlation between IQQ0.DE and ETLQ.DE has dropped to 0.35 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
IQQ0.DE vs. ETLQ.DE — Risk / Return Rank
IQQ0.DE
ETLQ.DE
IQQ0.DE vs. ETLQ.DE - 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 L&G Global Equity UCITS ETF (ETLQ.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.
| IQQ0.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.56 | -3.62 |
| Martin ratioReturn relative to average drawdown | -0.12 | 14.23 | -14.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQQ0.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 2.13 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.92 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.93 | -0.17 |
Drawdowns
IQQ0.DE vs. ETLQ.DE - Drawdown Comparison
The maximum IQQ0.DE drawdown since its inception was -28.65%, smaller than the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for IQQ0.DE and ETLQ.DE.
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Drawdown Indicators
| IQQ0.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.65% | -33.38% | +4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -6.68% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -21.58% | +8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -21.58% | +8.76% |
Max Drawdown (10Y)Largest decline over 10 years | -28.65% | — | — |
Current DrawdownCurrent decline from peak | -6.65% | -0.34% | -6.31% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -4.33% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.68% | +0.76% |
Volatility
IQQ0.DE vs. ETLQ.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) is 2.53%, while L&G Global Equity UCITS ETF (ETLQ.DE) has a volatility of 2.68%. This indicates that IQQ0.DE experiences smaller price fluctuations and is considered to be less risky than ETLQ.DE 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 | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 2.68% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 5.36% | 7.77% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 11.18% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 14.06% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 15.74% | -4.12% |
IQQ0.DE vs. ETLQ.DE - Expense Ratio Comparison
IQQ0.DE has a 0.30% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio.
Dividends
IQQ0.DE vs. ETLQ.DE - Dividend Comparison
Neither IQQ0.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IQQ0.DE and ETLQ.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for IQQ0.DE.
IQQ0.DE tracks MSCI World Minimum Volatility, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.30% for IQQ0.DE and 0.10% for ETLQ.DE.
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