IQQL.DE vs. UEEH.DE
IQQL.DE (iShares Listed Private Equity UCITS ETF USD (Dist)) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds from iShares - IQQL.DE tracks the S&P Listed Private Equity Index while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, IQQL.DE returned 4.57%/yr vs 5.97%/yr for UEEH.DE. A 0.50 correlation means they provide meaningful diversification when combined. IQQL.DE charges 0.75%/yr vs 0.30%/yr for UEEH.DE.
Performance
IQQL.DE vs. UEEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQL.DE achieves a -11.29% return, which is significantly lower than UEEH.DE's 4.56% return.
IQQL.DE
- 1D
- 0.07%
- 1M
- 3.72%
- 6M
- -11.43%
- YTD
- -11.29%
- 1Y
- -12.80%
- 3Y*
- 8.67%
- 5Y*
- 4.57%
- 10Y*
- 10.76%
UEEH.DE
- 1D
- 0.00%
- 1M
- 2.86%
- 6M
- 5.51%
- YTD
- 4.56%
- 1Y
- 5.38%
- 3Y*
- 7.50%
- 5Y*
- 5.97%
- 10Y*
- —
IQQL.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQQL.DE iShares Listed Private Equity UCITS ETF USD (Dist) | -11.29% | -9.25% | 30.60% | 34.53% | -24.40% | 53.70% | 15.14% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 4.56% | -1.30% | 17.87% | 3.61% | -4.41% | 24.47% | 0.95% |
Correlation
The correlation between IQQL.DE and UEEH.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2020 | 0.50 |
Over the past year, the correlation between IQQL.DE and UEEH.DE has dropped to 0.30 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
IQQL.DE vs. UEEH.DE — Risk / Return Rank
IQQL.DE
UEEH.DE
IQQL.DE vs. UEEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF USD (Dist) (IQQL.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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.
| IQQL.DE | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.12 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.01 | -1.54 |
| Martin ratioReturn relative to average drawdown | -0.98 | 2.54 | -3.52 |
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Drawdowns
IQQL.DE vs. UEEH.DE - Drawdown Comparison
The maximum IQQL.DE drawdown since its inception was -78.48%, which is greater than UEEH.DE's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for IQQL.DE and UEEH.DE.
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Drawdown Indicators
| IQQL.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.48% | -12.87% | -65.61% |
Max Drawdown (1Y)Largest decline over 1 year | -23.70% | -5.33% | -18.37% |
Max Drawdown (3Y)Largest decline over 3 years | -30.72% | -12.87% | -17.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.72% | -12.87% | -17.85% |
Max Drawdown (10Y)Largest decline over 10 years | -49.91% | — | — |
Current DrawdownCurrent decline from peak | -25.56% | -3.86% | -21.70% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -4.38% | -13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.11% | 2.11% | +11.00% |
Volatility
IQQL.DE vs. UEEH.DE - Volatility Comparison
iShares Listed Private Equity UCITS ETF USD (Dist) (IQQL.DE) has a higher volatility of 4.76% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.13%. This indicates that IQQL.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQL.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 2.13% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 5.72% | +9.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 8.05% | +11.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 10.30% | +10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 10.21% | +10.90% |
IQQL.DE vs. UEEH.DE - Expense Ratio Comparison
IQQL.DE has a 0.75% expense ratio, which is higher than UEEH.DE's 0.30% expense ratio.
Dividends
IQQL.DE vs. UEEH.DE - Dividend Comparison
IQQL.DE's dividend yield for the trailing twelve months is around 3.86%, more than UEEH.DE's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQL.DE iShares Listed Private Equity UCITS ETF USD (Dist) | 3.86% | 3.03% | 2.97% | 3.42% | 4.50% | 2.43% | 3.86% | 3.27% | 5.03% | 5.28% | 4.11% | 5.51% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.65% | 1.72% | 1.70% | 1.89% | 1.73% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQQL.DE and UEEH.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.DE is cheaper with a 0.30% expense ratio, compared with 0.75% for IQQL.DE.
IQQL.DE tracks S&P Listed Private Equity Index, while UEEH.DE tracks MSCI World Minimum Volatility. Their fees differ too: 0.75% for IQQL.DE and 0.30% for UEEH.DE.
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