IQQ0.DE vs. EUNZ.DE
IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both exchange-traded funds - IQQ0.DE is a Global Equities fund tracking the MSCI World Minimum Volatility, while EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 10 years, IQQ0.DE returned 6.81%/yr vs 6.20%/yr for EUNZ.DE. A 0.59 correlation means they provide meaningful diversification when combined. IQQ0.DE charges 0.30%/yr vs 0.40%/yr for EUNZ.DE.
Performance
IQQ0.DE vs. EUNZ.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 EUNZ.DE's 18.69% return. Over the past 10 years, IQQ0.DE has outperformed EUNZ.DE with an annualized return of 6.81%, while EUNZ.DE has yielded a comparatively lower 6.20% annualized 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%
EUNZ.DE
- 1D
- -1.19%
- 1M
- 3.85%
- YTD
- 18.69%
- 6M
- 17.92%
- 1Y
- 22.13%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
IQQ0.DE vs. EUNZ.DE - 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) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 26.17% | 2.03% | 3.11% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -1.89% | 11.39% |
Correlation
The correlation between IQQ0.DE and EUNZ.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.59 |
Over the past year, the correlation between IQQ0.DE and EUNZ.DE has dropped to 0.21 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IQQ0.DE vs. EUNZ.DE — Risk / Return Rank
IQQ0.DE
EUNZ.DE
IQQ0.DE vs. EUNZ.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 iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.00 | -3.05 |
| Martin ratioReturn relative to average drawdown | -0.12 | 10.57 | -10.68 |
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 | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 1.85 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.56 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.46 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.35 | +0.41 |
Drawdowns
IQQ0.DE vs. EUNZ.DE - Drawdown Comparison
The maximum IQQ0.DE drawdown since its inception was -28.65%, smaller than the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for IQQ0.DE and EUNZ.DE.
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Drawdown Indicators
| IQQ0.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.65% | -30.47% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -7.50% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -14.00% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -14.00% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -28.65% | -26.15% | -2.50% |
Current DrawdownCurrent decline from peak | -6.65% | -1.96% | -4.69% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -7.62% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.13% | +0.31% |
Volatility
IQQ0.DE vs. EUNZ.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) is 2.53%, while iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) has a volatility of 4.75%. This indicates that IQQ0.DE experiences smaller price fluctuations and is considered to be less risky than EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 4.75% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.36% | 10.35% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 12.18% | -4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 11.41% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 13.32% | -1.70% |
IQQ0.DE vs. EUNZ.DE - Expense Ratio Comparison
IQQ0.DE has a 0.30% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
IQQ0.DE vs. EUNZ.DE - Dividend Comparison
Neither IQQ0.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
IQQ0.DE and EUNZ.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQ0.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ0.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for EUNZ.DE.
IQQ0.DE is categorized as Global Equities, while EUNZ.DE is Emerging Markets Equities. IQQ0.DE tracks MSCI World Minimum Volatility, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. Their fees differ too: 0.30% for IQQ0.DE and 0.40% for EUNZ.DE.
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