IQQN.DE vs. AW16.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and AW16.DE (UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while AW16.DE tracks the MSCI USA Climate Paris Aligned. Both are passively managed. Over the past 5 years, IQQN.DE returned 13.97%/yr vs 13.34%/yr for AW16.DE. With a 0.97 correlation, they move nearly in lockstep. IQQN.DE charges 0.40%/yr vs 0.09%/yr for AW16.DE.
Performance
IQQN.DE vs. AW16.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IQQN.DE having a 11.09% return and AW16.DE slightly higher at 11.61%.
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%
AW16.DE
- 1D
- -0.06%
- 1M
- 7.15%
- YTD
- 11.61%
- 6M
- 10.64%
- 1Y
- 23.54%
- 3Y*
- 17.62%
- 5Y*
- 13.34%
- 10Y*
- —
IQQN.DE vs. AW16.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 24.39% |
AW16.DE UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc | 11.61% | 0.95% | 31.99% | 25.24% | -19.63% | 26.52% |
Correlation
The correlation between IQQN.DE and AW16.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.97 |
The correlation between IQQN.DE and AW16.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
IQQN.DE vs. AW16.DE — Risk / Return Rank
IQQN.DE
AW16.DE
IQQN.DE vs. AW16.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 UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc (AW16.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 | AW16.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.08 | +2.39 |
| Martin ratioReturn relative to average drawdown | 12.25 | 2.02 | +10.23 |
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
| IQQN.DE | AW16.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.94 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.69 | +0.21 |
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 | 0.69 | -0.10 |
Drawdowns
IQQN.DE vs. AW16.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than AW16.DE's maximum drawdown of -24.99%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and AW16.DE.
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Drawdown Indicators
| IQQN.DE | AW16.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -24.99% | -27.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -21.98% | +14.76% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -24.99% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -24.99% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -4.05% | +3.70% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -7.89% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 11.75% | -9.70% |
Volatility
IQQN.DE vs. AW16.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc (AW16.DE) has a volatility of 3.38%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than AW16.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQN.DE | AW16.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.38% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 8.77% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 25.18% | -13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 19.01% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 18.82% | -2.73% |
IQQN.DE vs. AW16.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than AW16.DE's 0.09% expense ratio.
Dividends
IQQN.DE vs. AW16.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, while AW16.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AW16.DE UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (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% |
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 0.94, IQQN.DE and AW16.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, AW16.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW16.DE is cheaper with a 0.09% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE tracks MSCI North America, while AW16.DE tracks MSCI USA Climate Paris Aligned. They also come from different issuers: iShares and UBS. Their fees differ too: 0.40% for IQQN.DE and 0.09% for AW16.DE.
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