IQQI.DE vs. ZPRI.DE

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Global Infrastructure UCITS ETF (IQQI.DE) and SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE).

IQQI.DE and ZPRI.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQQI.DE is a passively managed fund by iShares that tracks the performance of the FTSE Global Core Infrastructure Index. It was launched on Nov 20, 2006. ZPRI.DE is a passively managed fund by State Street that tracks the performance of the Morningstar Global Multi-Asset Infrastructure. It was launched on Apr 14, 2015. Both IQQI.DE and ZPRI.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IQQI.DE vs. ZPRI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Global Infrastructure UCITS ETF (IQQI.DE) and SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE). The values are adjusted to include any dividend payments, if applicable.

IQQI.DE vs. ZPRI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IQQI.DE iShares Global Infrastructure UCITS ETF	12.16%	0.54%	14.51%	-3.16%	-0.37%	26.96%	-10.83%	27.76%	2.20%	0.70%
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF	5.90%	1.93%	8.86%	3.55%	-7.90%	14.37%	-1.90%	20.65%	1.74%	-1.34%

Returns By Period

In the year-to-date period, IQQI.DE achieves a 12.16% return, which is significantly higher than ZPRI.DE's 5.90% return. Over the past 10 years, IQQI.DE has outperformed ZPRI.DE with an annualized return of 7.42%, while ZPRI.DE has yielded a comparatively lower 5.22% annualized return.

IQQI.DE

• 1D: 1.14%
• 1M: -0.82%
• YTD: 12.16%
• 6M: 12.32%
• 1Y: 9.96%
• 3Y*: 9.12%
• 5Y*: 7.48%
• 10Y*: 7.42%

ZPRI.DE

• 1D: 0.98%
• 1M: -0.81%
• YTD: 5.90%
• 6M: 7.62%
• 1Y: 8.09%
• 3Y*: 6.60%
• 5Y*: 4.06%
• 10Y*: 5.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IQQI.DE vs. ZPRI.DE - Expense Ratio Comparison

IQQI.DE has a 0.65% expense ratio, which is higher than ZPRI.DE's 0.40% expense ratio.

IQQI.DE

iShares Global Infrastructure UCITS ETF

ZPRI.DE

SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF

Return for Risk

IQQI.DE vs. ZPRI.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IQQI.DE

IQQI.DE Risk / Return Rank: 42
IQQI.DE Sharpe Ratio Rank: 38
IQQI.DE Sortino Ratio Rank: 35
IQQI.DE Omega Ratio Rank: 35
IQQI.DE Calmar Ratio Rank: 59
IQQI.DE Martin Ratio Rank: 43

ZPRI.DE

ZPRI.DE Risk / Return Rank: 44
ZPRI.DE Sharpe Ratio Rank: 44
ZPRI.DE Sortino Ratio Rank: 38
ZPRI.DE Omega Ratio Rank: 38
ZPRI.DE Calmar Ratio Rank: 49
ZPRI.DE Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IQQI.DE vs. ZPRI.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure UCITS ETF (IQQI.DE) and SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.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.

	IQQI.DE	ZPRI.DE	Difference
Sharpe ratio Return per unit of total volatility	0.78	0.87	-0.09
Sortino ratio Return per unit of downside risk	1.11	1.17	-0.06
Omega ratio Gain probability vs. loss probability	1.15	1.17	-0.01
Calmar ratio Return relative to maximum drawdown	1.75	1.55	+0.21
Martin ratio Return relative to average drawdown	4.96	5.92	-0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IQQI.DE vs. ZPRI.DE - Sharpe Ratio Comparison

The current IQQI.DE Sharpe Ratio is 0.78, which is comparable to the ZPRI.DE Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of IQQI.DE and ZPRI.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IQQI.DE	ZPRI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	0.87	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.40	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.53	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.39	-0.05

Correlation

The correlation between IQQI.DE and ZPRI.DE is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IQQI.DE vs. ZPRI.DE - Dividend Comparison

IQQI.DE's dividend yield for the trailing twelve months is around 2.07%, less than ZPRI.DE's 2.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQQI.DE iShares Global Infrastructure UCITS ETF	2.07%	2.30%	2.28%	2.42%	2.14%	1.85%	2.25%	2.05%	2.30%	2.76%	2.64%	3.14%
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF	2.89%	2.99%	2.76%	2.78%	2.54%	1.89%	2.23%	2.29%	2.18%	2.36%	2.21%	1.19%

Drawdowns

IQQI.DE vs. ZPRI.DE - Drawdown Comparison

The maximum IQQI.DE drawdown since its inception was -42.25%, which is greater than ZPRI.DE's maximum drawdown of -22.84%. Use the drawdown chart below to compare losses from any high point for IQQI.DE and ZPRI.DE.

Drawdown Indicators

	IQQI.DE	ZPRI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.25%	-22.84%	-19.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-6.51%	-3.10%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	-14.82%	-9.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.15%	-22.84%	-11.31%
Current Drawdown Current decline from peak	-1.40%	-1.13%	-0.27%
Average Drawdown Average peak-to-trough decline	-11.24%	-4.96%	-6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	1.48%	+0.87%

Volatility

IQQI.DE vs. ZPRI.DE - Volatility Comparison

iShares Global Infrastructure UCITS ETF (IQQI.DE) has a higher volatility of 3.73% compared to SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) at 3.12%. This indicates that IQQI.DE's price experiences larger fluctuations and is considered to be riskier than ZPRI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQQI.DE	ZPRI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.12%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	5.03%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	12.64%	9.25%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.57%	9.96%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.20%	10.92%	+3.28%