IQQ0.DE vs. GSWO
IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) and GSWO (Goldman Sachs ActiveBeta World Equity ETF) are both Global Equities funds - IQQ0.DE tracks the MSCI World Minimum Volatility while GSWO tracks the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, IQQ0.DE returned 6.35%/yr vs 15.00%/yr for GSWO. A 0.50 correlation means they provide meaningful diversification when combined. IQQ0.DE charges 0.30%/yr vs 0.25%/yr for GSWO.
Performance
IQQ0.DE vs. GSWO - Performance Comparison
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Different Trading Currencies
IQQ0.DE is traded in EUR, while GSWO is traded in USD. To make them comparable, the GSWO 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 1.59% return, which is significantly lower than GSWO's 10.72% 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%
GSWO
- 1D
- -1.91%
- 1M
- 1.82%
- YTD
- 10.72%
- 6M
- 10.35%
- 1Y
- 17.08%
- 3Y*
- 15.00%
- 5Y*
- —
- 10Y*
- —
IQQ0.DE vs. GSWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -0.99% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 10.72% | 4.85% | 22.90% | 12.80% | -2.76% |
Correlation
The correlation between IQQ0.DE and GSWO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.50 |
The correlation between IQQ0.DE and GSWO shifts across timeframes, from 0.40 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQQ0.DE vs. GSWO — Risk / Return Rank
IQQ0.DE
GSWO
IQQ0.DE vs. GSWO - 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 Goldman Sachs ActiveBeta World Equity ETF (GSWO). 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 | GSWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.64 | -2.69 |
| Martin ratioReturn relative to average drawdown | -0.12 | 11.79 | -11.91 |
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 | GSWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 1.64 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
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 | 0.91 | -0.15 |
Drawdowns
IQQ0.DE vs. GSWO - Drawdown Comparison
The maximum IQQ0.DE drawdown since its inception was -28.65%, which is greater than GSWO's maximum drawdown of -14.38%. Use the drawdown chart below to compare losses from any high point for IQQ0.DE and GSWO.
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Drawdown Indicators
| IQQ0.DE | GSWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.65% | -14.38% | -14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -6.50% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -14.38% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.65% | — | — |
Current DrawdownCurrent decline from peak | -6.65% | -1.95% | -4.70% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -3.49% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.45% | +0.99% |
Volatility
IQQ0.DE vs. GSWO - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) is 2.53%, while Goldman Sachs ActiveBeta World Equity ETF (GSWO) has a volatility of 2.95%. This indicates that IQQ0.DE experiences smaller price fluctuations and is considered to be less risky than GSWO 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 | GSWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 2.95% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 5.36% | 8.35% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 10.48% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 12.41% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 12.41% | -0.79% |
IQQ0.DE vs. GSWO - Expense Ratio Comparison
IQQ0.DE has a 0.30% expense ratio, which is higher than GSWO's 0.25% expense ratio.
Dividends
IQQ0.DE vs. GSWO - Dividend Comparison
IQQ0.DE has not paid dividends to shareholders, while GSWO's dividend yield for the trailing twelve months is around 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.65% | 1.74% | 1.75% | 2.06% | 1.73% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQQ0.DE and GSWO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSWO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSWO is cheaper with a 0.25% expense ratio, compared with 0.30% for IQQ0.DE.
IQQ0.DE tracks MSCI World Minimum Volatility, while GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.30% for IQQ0.DE and 0.25% for GSWO.
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