IQQ0.DE vs. MVEW.DE
IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds from iShares - IQQ0.DE tracks the MSCI World Minimum Volatility while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IQQ0.DE returned 6.14%/yr vs 6.47%/yr for MVEW.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.
Performance
IQQ0.DE vs. MVEW.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 higher than MVEW.DE's 1.17% 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%
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
IQQ0.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -0.25% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between IQQ0.DE and MVEW.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.98 |
The correlation between IQQ0.DE and MVEW.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
IQQ0.DE vs. MVEW.DE — Risk / Return Rank
IQQ0.DE
MVEW.DE
IQQ0.DE vs. MVEW.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 World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.02 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.10 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.12 | 0.20 | -0.32 |
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 | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 0.06 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.62 | -0.02 |
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 | 0.63 | +0.13 |
Drawdowns
IQQ0.DE vs. MVEW.DE - Drawdown Comparison
The maximum IQQ0.DE drawdown since its inception was -28.65%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for IQQ0.DE and MVEW.DE.
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Drawdown Indicators
| IQQ0.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.65% | -13.19% | -15.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -4.68% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -13.19% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -13.19% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -28.65% | — | — |
Current DrawdownCurrent decline from peak | -6.65% | -5.75% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -3.83% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.27% | +0.17% |
Volatility
IQQ0.DE vs. MVEW.DE - Volatility Comparison
iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) have volatilities of 2.53% and 2.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQ0.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 2.58% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.36% | 5.42% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 7.97% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 10.25% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 10.82% | +0.80% |
IQQ0.DE vs. MVEW.DE - Expense Ratio Comparison
Both IQQ0.DE and MVEW.DE have an expense ratio of 0.30%.
Dividends
IQQ0.DE vs. MVEW.DE - Dividend Comparison
Neither IQQ0.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, IQQ0.DE and MVEW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ0.DE and MVEW.DE have the same expense ratio: 0.30% per year.
IQQ0.DE tracks MSCI World Minimum Volatility, while MVEW.DE tracks MSCI ACWI NR USD.
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