IQQB.DE vs. 4BRZ.DE
IQQB.DE (iShares MSCI Brazil UCITS ETF (Dist)) and 4BRZ.DE (iShares MSCI Brazil UCITS ETF (DE) USD (Acc)) are both Latin America Equities funds from iShares - IQQB.DE tracks the MSCI Brazil while 4BRZ.DE tracks the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 5 years, IQQB.DE returned 6.73%/yr vs 6.36%/yr for 4BRZ.DE. With a 0.96 correlation, they move nearly in lockstep. IQQB.DE charges 0.74%/yr vs 0.31%/yr for 4BRZ.DE.
Performance
IQQB.DE vs. 4BRZ.DE - Performance Comparison
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Different Trading Currencies
IQQB.DE is traded in EUR, while 4BRZ.DE is traded in USD. To make them comparable, the 4BRZ.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQQB.DE achieves a 16.56% return, which is significantly higher than 4BRZ.DE's 15.30% return.
IQQB.DE
- 1D
- -0.71%
- 1M
- 1.83%
- 6M
- 9.86%
- YTD
- 16.56%
- 1Y
- 34.93%
- 3Y*
- 8.08%
- 5Y*
- 6.73%
- 10Y*
- 5.41%
4BRZ.DE
- 1D
- -0.78%
- 1M
- 1.51%
- 6M
- 9.53%
- YTD
- 15.30%
- 1Y
- 35.91%
- 3Y*
- 8.92%
- 5Y*
- 6.36%
- 10Y*
- —
IQQB.DE vs. 4BRZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 16.56% | 29.92% | -24.74% | 25.50% | 22.21% | -15.60% | -22.22% | 25.55% | -2.26% |
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 15.30% | 31.54% | -25.69% | 28.88% | 20.67% | -12.67% | -26.67% | 31.28% | -2.53% |
Correlation
The correlation between IQQB.DE and 4BRZ.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 | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.96 |
The correlation between IQQB.DE and 4BRZ.DE has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
IQQB.DE vs. 4BRZ.DE — Risk / Return Rank
IQQB.DE
4BRZ.DE
IQQB.DE vs. 4BRZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (Dist) (IQQB.DE) and iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.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.
| IQQB.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.02 | -0.14 |
| Martin ratioReturn relative to average drawdown | 5.12 | 5.44 | -0.32 |
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Drawdowns
IQQB.DE vs. 4BRZ.DE - Drawdown Comparison
The maximum IQQB.DE drawdown since its inception was -69.27%, which is greater than 4BRZ.DE's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for IQQB.DE and 4BRZ.DE.
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Drawdown Indicators
| IQQB.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.27% | -55.47% | -13.80% |
Max Drawdown (1Y)Largest decline over 1 year | -18.53% | -17.71% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -27.88% | -28.14% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -28.14% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -52.58% | — | — |
Current DrawdownCurrent decline from peak | -12.21% | -11.93% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -28.94% | -18.19% | -10.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.81% | 6.58% | +0.23% |
Volatility
IQQB.DE vs. 4BRZ.DE - Volatility Comparison
The current volatility for iShares MSCI Brazil UCITS ETF (Dist) (IQQB.DE) is 4.19%, while iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) has a volatility of 4.56%. This indicates that IQQB.DE experiences smaller price fluctuations and is considered to be less risky than 4BRZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQB.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.56% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 17.31% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.15% | 22.45% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.88% | 26.71% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.31% | 32.55% | -1.24% |
IQQB.DE vs. 4BRZ.DE - Expense Ratio Comparison
IQQB.DE has a 0.74% expense ratio, which is higher than 4BRZ.DE's 0.31% expense ratio.
Dividends
IQQB.DE vs. 4BRZ.DE - Dividend Comparison
IQQB.DE's dividend yield for the trailing twelve months is around 3.71%, while 4BRZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (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% |
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 3.71% | 4.47% | 6.44% | 5.50% | 13.94% | 6.23% | 1.92% | 2.46% | 2.55% | 1.49% | 1.74% | 3.53% |
Frequently Asked Questions
With a correlation of 0.96, IQQB.DE and 4BRZ.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.
On fees, 4BRZ.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4BRZ.DE is cheaper with a 0.31% expense ratio, compared with 0.74% for IQQB.DE.
IQQB.DE tracks MSCI Brazil, while 4BRZ.DE tracks MSCI Brazil 25/50 Index. Their fees differ too: 0.74% for IQQB.DE and 0.31% for 4BRZ.DE.
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