IQQN.DE vs. IQQY.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and IQQY.DE (iShares Core MSCI Europe UCITS ETF EUR (Dist)) are both exchange-traded funds - IQQN.DE is a Large Cap Blend Equities fund tracking the MSCI North America, while IQQY.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, IQQN.DE returned 14.38%/yr vs 9.17%/yr for IQQY.DE. A 0.68 correlation means they provide meaningful diversification when combined. IQQN.DE charges 0.40%/yr vs 0.12%/yr for IQQY.DE.
Performance
IQQN.DE vs. IQQY.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 higher than IQQY.DE's 7.35% return. Over the past 10 years, IQQN.DE has outperformed IQQY.DE with an annualized return of 14.38%, while IQQY.DE has yielded a comparatively lower 9.17% annualized 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%
IQQY.DE
- 1D
- 0.55%
- 1M
- 1.13%
- YTD
- 7.35%
- 6M
- 9.87%
- 1Y
- 15.99%
- 3Y*
- 13.71%
- 5Y*
- 9.99%
- 10Y*
- 9.17%
IQQN.DE vs. IQQY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 8.53% | 34.21% | -2.31% | 6.17% |
IQQY.DE iShares Core MSCI Europe UCITS ETF EUR (Dist) | 7.35% | 20.51% | 8.32% | 15.43% | -9.13% | 25.32% | -3.28% | 27.76% | -10.88% | 10.56% |
Correlation
The correlation between IQQN.DE and IQQY.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2007 | 0.68 |
The correlation between IQQN.DE and IQQY.DE shifts across timeframes, from 0.58 (3 years) to 0.71 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IQQN.DE vs. IQQY.DE — Risk / Return Rank
IQQN.DE
IQQY.DE
IQQN.DE vs. IQQY.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 Core MSCI Europe UCITS ETF EUR (Dist) (IQQY.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 | IQQY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.69 | +1.77 |
| Martin ratioReturn relative to average drawdown | 12.25 | 6.35 | +5.90 |
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 | IQQY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.26 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.70 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.58 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.32 | +0.26 |
Drawdowns
IQQN.DE vs. IQQY.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, smaller than the maximum IQQY.DE drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and IQQY.DE.
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Drawdown Indicators
| IQQN.DE | IQQY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -56.18% | +3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.52% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -16.53% | -6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -19.30% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -35.47% | +1.09% |
Current DrawdownCurrent decline from peak | -0.35% | -1.60% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -10.76% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.54% | -0.49% |
Volatility
IQQN.DE vs. IQQY.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while iShares Core MSCI Europe UCITS ETF EUR (Dist) (IQQY.DE) has a volatility of 4.34%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than IQQY.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 | IQQY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.34% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 10.54% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 12.79% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 14.20% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 15.62% | +0.47% |
IQQN.DE vs. IQQY.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than IQQY.DE's 0.12% expense ratio.
Dividends
IQQN.DE vs. IQQY.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, less than IQQY.DE's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IQQY.DE iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.54% | 2.54% | 2.88% | 2.87% | 2.92% | 2.24% | 2.06% | 3.04% | 3.26% | 2.63% | 2.85% | 2.65% |
Frequently Asked Questions
IQQN.DE and IQQY.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQY.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQY.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 IQQY.DE is Europe Equities. IQQN.DE tracks MSCI North America, while IQQY.DE tracks MSCI Europe. Their fees differ too: 0.40% for IQQN.DE and 0.12% for IQQY.DE.
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