IQQ5.DE vs. AE5A.DE
IQQ5.DE (iShares MSCI Turkey UCITS ETF USD (Dist)) and AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) are both Emerging Markets Equities funds - IQQ5.DE tracks the MSCI Turkey Index while AE5A.DE tracks the MSCI Emerging Markets Index. Both are passively managed. Over the past 3 years, IQQ5.DE returned 12.67%/yr vs 19.74%/yr for AE5A.DE. At a 0.23 correlation, their price movements are largely independent. IQQ5.DE charges 0.74%/yr vs 0.14%/yr for AE5A.DE.
Performance
IQQ5.DE vs. AE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQ5.DE achieves a 23.43% return, which is significantly lower than AE5A.DE's 24.89% return.
IQQ5.DE
- 1D
- -0.41%
- 1M
- 3.40%
- 6M
- 19.83%
- YTD
- 23.43%
- 1Y
- 24.27%
- 3Y*
- 12.67%
- 5Y*
- 16.97%
- 10Y*
- 0.54%
AE5A.DE
- 1D
- 0.00%
- 1M
- -3.48%
- 6M
- 22.41%
- YTD
- 24.89%
- 1Y
- 42.78%
- 3Y*
- 19.74%
- 5Y*
- —
- 10Y*
- —
IQQ5.DE vs. AE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IQQ5.DE iShares MSCI Turkey UCITS ETF USD (Dist) | 23.43% | -15.96% | 24.70% | -2.41% |
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 24.89% | 19.26% | 14.36% | 4.85% |
Correlation
The correlation between IQQ5.DE and AE5A.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | 0.23 |
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Return for Risk
IQQ5.DE vs. AE5A.DE — Risk / Return Rank
IQQ5.DE
AE5A.DE
IQQ5.DE vs. AE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey UCITS ETF USD (Dist) (IQQ5.DE) and Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.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.
| IQQ5.DE | AE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.15 | -2.39 |
| Martin ratioReturn relative to average drawdown | 4.26 | 13.73 | -9.48 |
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Drawdowns
IQQ5.DE vs. AE5A.DE - Drawdown Comparison
The maximum IQQ5.DE drawdown since its inception was -75.94%, which is greater than AE5A.DE's maximum drawdown of -19.22%. Use the drawdown chart below to compare losses from any high point for IQQ5.DE and AE5A.DE.
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Drawdown Indicators
| IQQ5.DE | AE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.94% | -19.22% | -56.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -10.34% | -3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -36.14% | -19.22% | -16.92% |
Max Drawdown (5Y)Largest decline over 5 years | -36.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | — | — |
Current DrawdownCurrent decline from peak | -32.97% | -6.95% | -26.02% |
Average DrawdownAverage peak-to-trough decline | -40.24% | -3.05% | -37.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 3.13% | +2.56% |
Volatility
IQQ5.DE vs. AE5A.DE - Volatility Comparison
The current volatility for iShares MSCI Turkey UCITS ETF USD (Dist) (IQQ5.DE) is 6.92%, while Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) has a volatility of 9.06%. This indicates that IQQ5.DE experiences smaller price fluctuations and is considered to be less risky than AE5A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQ5.DE | AE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 9.06% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 17.07% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.00% | 19.66% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.30% | 16.46% | +18.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 16.46% | +17.78% |
IQQ5.DE vs. AE5A.DE - Expense Ratio Comparison
IQQ5.DE has a 0.74% expense ratio, which is higher than AE5A.DE's 0.14% expense ratio.
Dividends
IQQ5.DE vs. AE5A.DE - Dividend Comparison
IQQ5.DE's dividend yield for the trailing twelve months is around 1.79%, more than AE5A.DE's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.72% | 2.15% | 3.38% | 3.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQ5.DE iShares MSCI Turkey UCITS ETF USD (Dist) | 1.79% | 1.84% | 2.06% | 2.77% | 1.75% | 3.02% | 0.56% | 2.14% | 4.07% | 1.78% | 1.68% | 2.18% |
Frequently Asked Questions
IQQ5.DE and AE5A.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.74% for IQQ5.DE.
IQQ5.DE tracks MSCI Turkey Index, while AE5A.DE tracks MSCI Emerging Markets Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.74% for IQQ5.DE and 0.14% for AE5A.DE.
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