IQQN.DE vs. IQQJ.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and IQQJ.DE (iShares MSCI Japan UCITS ETF (Dist)) are both exchange-traded funds - IQQN.DE is a Large Cap Blend Equities fund tracking the MSCI North America, while IQQJ.DE is a Japan Equities fund tracking the MSCI Japan. Both are passively managed. Over the past 10 years, IQQN.DE returned 14.56%/yr vs 9.32%/yr for IQQJ.DE. A 0.60 correlation means they provide meaningful diversification when combined. IQQN.DE charges 0.40%/yr vs 0.12%/yr for IQQJ.DE.
Performance
IQQN.DE vs. IQQJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQN.DE achieves a 10.41% return, which is significantly lower than IQQJ.DE's 19.97% return. Over the past 10 years, IQQN.DE has outperformed IQQJ.DE with an annualized return of 14.56%, while IQQJ.DE has yielded a comparatively lower 9.32% annualized return.
IQQN.DE
- 1D
- -0.92%
- 1M
- 0.29%
- YTD
- 10.41%
- 6M
- 10.72%
- 1Y
- 24.25%
- 3Y*
- 18.66%
- 5Y*
- 13.01%
- 10Y*
- 14.56%
IQQJ.DE
- 1D
- 0.46%
- 1M
- 3.67%
- YTD
- 19.97%
- 6M
- 20.30%
- 1Y
- 38.51%
- 3Y*
- 17.52%
- 5Y*
- 10.25%
- 10Y*
- 9.32%
IQQN.DE vs. IQQJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 10.41% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 8.53% | 34.22% | -2.32% | 6.17% |
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 19.97% | 12.73% | 13.56% | 15.99% | -12.77% | 9.56% | 4.73% | 21.89% | -10.13% | 8.86% |
Correlation
The correlation between IQQN.DE and IQQJ.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2006 | 0.60 |
The correlation between IQQN.DE and IQQJ.DE shifts across timeframes, from 0.53 (1 year) to 0.63 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IQQN.DE vs. IQQJ.DE — Risk / Return Rank
IQQN.DE
IQQJ.DE
IQQN.DE vs. IQQJ.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 iShares MSCI Japan UCITS ETF (Dist) (IQQJ.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.
| IQQN.DE | IQQJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 3.78 | -0.43 |
| Martin ratioReturn relative to average drawdown | 11.68 | 12.33 | -0.65 |
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Drawdowns
IQQN.DE vs. IQQJ.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, roughly equal to the maximum IQQJ.DE drawdown of -52.48%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and IQQJ.DE.
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Drawdown Indicators
| IQQN.DE | IQQJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -52.48% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -10.15% | +2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -16.72% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -19.38% | -4.08% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -28.05% | -6.33% |
Current DrawdownCurrent decline from peak | -0.95% | -2.95% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -16.17% | +7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.11% | -1.04% |
Volatility
IQQN.DE vs. IQQJ.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 3.30%, while iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) has a volatility of 6.20%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than IQQJ.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 | IQQJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 6.20% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 15.75% | -7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 19.35% | -7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.29% | 16.75% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 16.41% | -0.31% |
IQQN.DE vs. IQQJ.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than IQQJ.DE's 0.12% expense ratio.
Dividends
IQQN.DE vs. IQQJ.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.60%, less than IQQJ.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 1.48% | 1.79% | 1.48% | 1.42% | 1.76% | 1.16% | 1.40% | 1.41% | 1.44% | 1.23% | 0.00% | 0.00% |
IQQN.DE iShares MSCI North America UCITS ETF | 0.60% | 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
IQQN.DE and IQQJ.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQJ.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE is categorized as Large Cap Blend Equities, while IQQJ.DE is Japan Equities. IQQN.DE tracks MSCI North America, while IQQJ.DE tracks MSCI Japan. Their fees differ too: 0.40% for IQQN.DE and 0.12% for IQQJ.DE.
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