IQQN.DE vs. D6RQ.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and D6RQ.DE (Deka MSCI USA Climate Change ESG UCITS ETF) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while D6RQ.DE tracks the MSCI USA Climate Change ESG Select. Both are passively managed. Over the past 5 years, IQQN.DE returned 13.97%/yr vs 17.54%/yr for D6RQ.DE. With a 0.95 correlation, they move nearly in lockstep. IQQN.DE charges 0.40%/yr vs 0.25%/yr for D6RQ.DE.
Performance
IQQN.DE vs. D6RQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQN.DE achieves a 11.09% return, which is significantly lower than D6RQ.DE's 14.41% return.
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%
D6RQ.DE
- 1D
- -0.56%
- 1M
- 7.43%
- YTD
- 14.41%
- 6M
- 13.29%
- 1Y
- 33.08%
- 3Y*
- 23.10%
- 5Y*
- 17.54%
- 10Y*
- —
IQQN.DE vs. D6RQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 11.65% |
D6RQ.DE Deka MSCI USA Climate Change ESG UCITS ETF | 14.41% | 4.36% | 42.08% | 34.15% | -22.07% | 41.44% | 12.56% |
Correlation
The correlation between IQQN.DE and D6RQ.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.95 |
The correlation between IQQN.DE and D6RQ.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
IQQN.DE vs. D6RQ.DE — Risk / Return Rank
IQQN.DE
D6RQ.DE
IQQN.DE vs. D6RQ.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 Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.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 | D6RQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.69 | +0.77 |
| Martin ratioReturn relative to average drawdown | 12.25 | 7.85 | +4.40 |
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 | D6RQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.23 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.97 | -0.07 |
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 | 1.09 | -0.50 |
Drawdowns
IQQN.DE vs. D6RQ.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than D6RQ.DE's maximum drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and D6RQ.DE.
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Drawdown Indicators
| IQQN.DE | D6RQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -27.29% | -25.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -12.28% | +5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -27.29% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -27.29% | +3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.84% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -5.82% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 4.22% | -2.17% |
Volatility
IQQN.DE vs. D6RQ.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.DE) has a volatility of 4.06%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than D6RQ.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 | D6RQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.06% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 10.35% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 14.84% | -3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 17.79% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 17.56% | -1.47% |
IQQN.DE vs. D6RQ.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than D6RQ.DE's 0.25% expense ratio.
Dividends
IQQN.DE vs. D6RQ.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, more than D6RQ.DE's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D6RQ.DE Deka MSCI USA Climate Change ESG UCITS ETF | 0.37% | 0.53% | 0.39% | 0.60% | 0.80% | 0.46% | 0.25% | 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 D6RQ.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, D6RQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D6RQ.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE tracks MSCI North America, while D6RQ.DE tracks MSCI USA Climate Change ESG Select. They also come from different issuers: iShares and Deka. Their fees differ too: 0.40% for IQQN.DE and 0.25% for D6RQ.DE.
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