IQQ0.DE vs. UETW.DE
IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - IQQ0.DE tracks the MSCI World Minimum Volatility while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, IQQ0.DE returned 5.97%/yr vs 12.27%/yr for UETW.DE. A 0.71 correlation means they provide meaningful diversification when combined. IQQ0.DE charges 0.30%/yr vs 0.10%/yr for UETW.DE.
Performance
IQQ0.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQ0.DE achieves a 2.92% return, which is significantly lower than UETW.DE's 11.10% return.
IQQ0.DE
- 1D
- -0.28%
- 1M
- 0.70%
- YTD
- 2.92%
- 6M
- 3.55%
- 1Y
- 4.15%
- 3Y*
- 7.53%
- 5Y*
- 5.97%
- 10Y*
- 6.79%
UETW.DE
- 1D
- -0.57%
- 1M
- 0.81%
- YTD
- 11.10%
- 6M
- 11.19%
- 1Y
- 24.89%
- 3Y*
- 18.08%
- 5Y*
- 12.27%
- 10Y*
- —
IQQ0.DE vs. UETW.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) | 2.92% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 9.29% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.10% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
Correlation
The correlation between IQQ0.DE and UETW.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.71 |
Over the past year, the correlation between IQQ0.DE and UETW.DE has dropped to 0.32 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
IQQ0.DE vs. UETW.DE — Risk / Return Rank
IQQ0.DE
UETW.DE
IQQ0.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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.
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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 3.72 | -2.93 |
| Martin ratioReturn relative to average drawdown | 1.95 | 14.55 | -12.60 |
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Drawdowns
IQQ0.DE vs. UETW.DE - Drawdown Comparison
The maximum IQQ0.DE drawdown since its inception was -28.64%, smaller than the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for IQQ0.DE and UETW.DE.
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Drawdown Indicators
| IQQ0.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -33.74% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -6.67% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -21.32% | +8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -21.32% | +8.50% |
Max Drawdown (10Y)Largest decline over 10 years | -28.64% | — | — |
Current DrawdownCurrent decline from peak | -5.44% | -0.69% | -4.75% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -5.01% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.71% | +0.41% |
Volatility
IQQ0.DE vs. UETW.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) is 2.15%, while UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) has a volatility of 2.95%. This indicates that IQQ0.DE experiences smaller price fluctuations and is considered to be less risky than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 2.95% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 5.55% | 7.98% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 11.18% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.09% | 14.06% | -3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.77% | 16.60% | -3.83% |
IQQ0.DE vs. UETW.DE - Expense Ratio Comparison
IQQ0.DE has a 0.30% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
IQQ0.DE vs. UETW.DE - Dividend Comparison
Neither IQQ0.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
IQQ0.DE and UETW.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for IQQ0.DE.
IQQ0.DE tracks MSCI World Minimum Volatility, while UETW.DE tracks MSCI World. They also come from different issuers: iShares and UBS. Their fees differ too: 0.30% for IQQ0.DE and 0.10% for UETW.DE.
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