IQQB.DE vs. IUSC.DE
IQQB.DE (iShares MSCI Brazil UCITS ETF (Dist)) and IUSC.DE (iShares MSCI EM Latin America UCITS ETF (Dist)) are both Latin America Equities funds from iShares - IQQB.DE tracks the MSCI Brazil while IUSC.DE tracks the MSCI Emerging Markets Latin America 10/40. Both are passively managed. Over the past 10 years, IQQB.DE returned 7.16%/yr vs 6.94%/yr for IUSC.DE. Their correlation of 0.90 suggests significant overlap in exposure. IQQB.DE charges 0.74%/yr vs 0.20%/yr for IUSC.DE.
Performance
IQQB.DE vs. IUSC.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IQQB.DE having a 10.83% return and IUSC.DE slightly lower at 10.69%. Both investments have delivered pretty close results over the past 10 years, with IQQB.DE having a 7.16% annualized return and IUSC.DE not far behind at 6.94%.
IQQB.DE
- 1D
- -0.33%
- 1M
- -12.35%
- YTD
- 10.83%
- 6M
- 6.90%
- 1Y
- 29.09%
- 3Y*
- 7.22%
- 5Y*
- 5.89%
- 10Y*
- 7.16%
IUSC.DE
- 1D
- -0.68%
- 1M
- -7.75%
- YTD
- 10.69%
- 6M
- 10.35%
- 1Y
- 33.15%
- 3Y*
- 10.03%
- 5Y*
- 9.18%
- 10Y*
- 6.94%
IQQB.DE vs. IUSC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 10.83% | 29.90% | -24.72% | 25.50% | 22.21% | -15.61% | -22.22% | 25.55% | -1.12% | 10.31% |
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 10.69% | 36.88% | -22.89% | 28.61% | 15.20% | -3.88% | -19.69% | 18.47% | -2.77% | 6.14% |
Correlation
The correlation between IQQB.DE and IUSC.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008 | 0.90 |
The correlation between IQQB.DE and IUSC.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
IQQB.DE vs. IUSC.DE — Risk / Return Rank
IQQB.DE
IUSC.DE
IQQB.DE vs. IUSC.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 EM Latin America UCITS ETF (Dist) (IUSC.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.
| IQQB.DE | IUSC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.99 | -1.24 |
| Martin ratioReturn relative to average drawdown | 6.01 | 9.20 | -3.19 |
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
| IQQB.DE | IUSC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.85 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.44 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.27 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.08 | +0.01 |
Drawdowns
IQQB.DE vs. IUSC.DE - Drawdown Comparison
The maximum IQQB.DE drawdown since its inception was -69.27%, which is greater than IUSC.DE's maximum drawdown of -58.97%. Use the drawdown chart below to compare losses from any high point for IQQB.DE and IUSC.DE.
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Drawdown Indicators
| IQQB.DE | IUSC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.27% | -58.97% | -10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -11.12% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -27.88% | -25.76% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -25.76% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -52.58% | -49.91% | -2.67% |
Current DrawdownCurrent decline from peak | -16.51% | -11.12% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -28.58% | -25.36% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 3.63% | +1.20% |
Volatility
IQQB.DE vs. IUSC.DE - Volatility Comparison
iShares MSCI Brazil UCITS ETF (Dist) (IQQB.DE) has a higher volatility of 5.70% compared to iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) at 5.36%. This indicates that IQQB.DE's price experiences larger fluctuations and is considered to be riskier than IUSC.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 | IUSC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 5.36% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 17.76% | 15.06% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 17.96% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 20.76% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.51% | 25.22% | +6.29% |
IQQB.DE vs. IUSC.DE - Expense Ratio Comparison
IQQB.DE has a 0.74% expense ratio, which is higher than IUSC.DE's 0.20% expense ratio.
Dividends
IQQB.DE vs. IUSC.DE - Dividend Comparison
IQQB.DE's dividend yield for the trailing twelve months is around 4.36%, more than IUSC.DE's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 4.36% | 4.47% | 6.44% | 5.50% | 13.94% | 6.23% | 1.92% | 2.46% | 2.55% | 1.49% | 1.74% | 3.53% |
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 3.02% | 3.20% | 5.24% | 3.98% | 6.78% | 2.68% | 1.65% | 2.07% | 1.88% | 1.41% | 1.22% | 2.65% |
Frequently Asked Questions
With a correlation of 0.91, IQQB.DE and IUSC.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, IUSC.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSC.DE is cheaper with a 0.20% expense ratio, compared with 0.74% for IQQB.DE.
IQQB.DE tracks MSCI Brazil, while IUSC.DE tracks MSCI Emerging Markets Latin America 10/40. Their fees differ too: 0.74% for IQQB.DE and 0.20% for IUSC.DE.
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