IQQ5.DE vs. XGLF.DE
IQQ5.DE (iShares MSCI Turkey UCITS ETF USD (Dist)) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - IQQ5.DE tracks the MSCI Turkey Index while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 10 years, IQQ5.DE returned 0.54%/yr vs 8.00%/yr for XGLF.DE. At a 0.22 correlation, their price movements are largely independent. IQQ5.DE charges 0.74%/yr vs 0.65%/yr for XGLF.DE.
Performance
IQQ5.DE vs. XGLF.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 higher than XGLF.DE's 6.06% return. Over the past 10 years, IQQ5.DE has underperformed XGLF.DE with an annualized return of 0.54%, while XGLF.DE has yielded a comparatively higher 8.00% annualized 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%
XGLF.DE
- 1D
- 0.50%
- 1M
- 2.01%
- 6M
- 5.05%
- YTD
- 6.06%
- 1Y
- 5.74%
- 3Y*
- 3.33%
- 5Y*
- 5.16%
- 10Y*
- 8.00%
IQQ5.DE vs. XGLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQ5.DE iShares MSCI Turkey UCITS ETF USD (Dist) | 23.43% | -15.96% | 24.70% | -10.45% | 93.90% | -20.23% | -16.97% | 12.89% | -39.29% | 20.36% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.06% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | 9.50% | 22.95% | -7.49% |
Correlation
The correlation between IQQ5.DE and XGLF.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | 0.22 |
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Return for Risk
IQQ5.DE vs. XGLF.DE — Risk / Return Rank
IQQ5.DE
XGLF.DE
IQQ5.DE vs. XGLF.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 Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.09 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 0.63 | +1.14 |
| Martin ratioReturn relative to average drawdown | 4.26 | 1.39 | +2.86 |
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Drawdowns
IQQ5.DE vs. XGLF.DE - Drawdown Comparison
The maximum IQQ5.DE drawdown since its inception was -75.94%, which is greater than XGLF.DE's maximum drawdown of -42.15%. Use the drawdown chart below to compare losses from any high point for IQQ5.DE and XGLF.DE.
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Drawdown Indicators
| IQQ5.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.94% | -42.15% | -33.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -9.05% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -36.14% | -18.41% | -17.73% |
Max Drawdown (5Y)Largest decline over 5 years | -36.14% | -31.29% | -4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | -35.16% | -31.43% |
Current DrawdownCurrent decline from peak | -32.97% | -17.78% | -15.19% |
Average DrawdownAverage peak-to-trough decline | -40.24% | -18.26% | -21.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 4.11% | +1.58% |
Volatility
IQQ5.DE vs. XGLF.DE - Volatility Comparison
iShares MSCI Turkey UCITS ETF USD (Dist) (IQQ5.DE) has a higher volatility of 6.92% compared to Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) at 4.44%. This indicates that IQQ5.DE's price experiences larger fluctuations and is considered to be riskier than XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 4.44% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 9.30% | +10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.00% | 12.62% | +13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.30% | 15.35% | +19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 18.34% | +15.90% |
IQQ5.DE vs. XGLF.DE - Expense Ratio Comparison
IQQ5.DE has a 0.74% expense ratio, which is higher than XGLF.DE's 0.65% expense ratio.
Dividends
IQQ5.DE vs. XGLF.DE - Dividend Comparison
IQQ5.DE's dividend yield for the trailing twelve months is around 1.79%, while XGLF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQQ5.DE and XGLF.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLF.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLF.DE is cheaper with a 0.65% expense ratio, compared with 0.74% for IQQ5.DE.
IQQ5.DE tracks MSCI Turkey Index, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.74% for IQQ5.DE and 0.65% for XGLF.DE.
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