IQQN.DE vs. 6PSE.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while 6PSE.DE tracks the MSCI USA. Both are passively managed. Over the past 3 years, IQQN.DE returned 18.64%/yr vs 19.18%/yr for 6PSE.DE. With a 1.00 correlation, they move nearly in lockstep. IQQN.DE charges 0.40%/yr vs 0.05%/yr for 6PSE.DE.
Performance
IQQN.DE vs. 6PSE.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with IQQN.DE having a 11.09% return and 6PSE.DE slightly higher at 11.33%.
IQQN.DE
- 1D
- -0.05%
- 1M
- 4.42%
- YTD
- 11.09%
- 6M
- 10.54%
- 1Y
- 24.97%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
IQQN.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -6.84% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
Correlation
The correlation between IQQN.DE and 6PSE.DE is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 1.00 |
The correlation between IQQN.DE and 6PSE.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IQQN.DE vs. 6PSE.DE — Risk / Return Rank
IQQN.DE
6PSE.DE
IQQN.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IQQN.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.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.
| IQQN.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.44 | +0.03 |
| Martin ratioReturn relative to average drawdown | 12.25 | 11.99 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IQQN.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.15 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.93 | -0.34 |
Drawdowns
IQQN.DE vs. 6PSE.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than 6PSE.DE's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and 6PSE.DE.
Loading charts...
Drawdown Indicators
| IQQN.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -23.70% | -28.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -7.31% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -23.70% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.41% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.83% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.10% | -0.05% |
Volatility
IQQN.DE vs. 6PSE.DE - Volatility Comparison
iShares MSCI North America UCITS ETF (IQQN.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.DE) have volatilities of 2.66% and 2.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IQQN.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.73% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 7.68% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 11.65% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 15.41% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 15.41% | +0.68% |
IQQN.DE vs. 6PSE.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio.
Dividends
IQQN.DE vs. 6PSE.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, less than 6PSE.DE's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQN.DE iShares MSCI North America UCITS ETF | 0.61% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
Frequently Asked Questions
With a correlation of 1.00, IQQN.DE and 6PSE.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, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE tracks MSCI North America, while 6PSE.DE tracks MSCI USA. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IQQN.DE and 0.05% for 6PSE.DE.
Find the right allocation for IQQN.DE and 6PSE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer