IQQN.DE vs. LCUJ.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and LCUJ.DE (Amundi MSCI Japan UCITS ETF Acc) are both exchange-traded funds - IQQN.DE is a Large Cap Blend Equities fund tracking the MSCI North America, while LCUJ.DE is a Japan Equities fund tracking the MSCI Japan. Both are passively managed. Over the past 5 years, IQQN.DE returned 13.97%/yr vs 10.17%/yr for LCUJ.DE. A 0.61 correlation means they provide meaningful diversification when combined. IQQN.DE charges 0.40%/yr vs 0.12%/yr for LCUJ.DE.
Performance
IQQN.DE vs. LCUJ.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 LCUJ.DE's 17.36% 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%
LCUJ.DE
- 1D
- 0.81%
- 1M
- 3.93%
- YTD
- 17.36%
- 6M
- 17.31%
- 1Y
- 32.44%
- 3Y*
- 15.71%
- 5Y*
- 10.17%
- 10Y*
- —
IQQN.DE vs. LCUJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 8.53% | 34.21% | -1.39% |
LCUJ.DE Amundi MSCI Japan UCITS ETF Acc | 17.36% | 12.70% | 13.58% | 16.52% | -12.48% | 10.04% | 5.10% | 22.43% | -7.06% |
Correlation
The correlation between IQQN.DE and LCUJ.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 (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.61 |
The correlation between IQQN.DE and LCUJ.DE has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
IQQN.DE vs. LCUJ.DE — Risk / Return Rank
IQQN.DE
LCUJ.DE
IQQN.DE vs. LCUJ.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 Amundi MSCI Japan UCITS ETF Acc (LCUJ.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 | LCUJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.00 | +0.46 |
| Martin ratioReturn relative to average drawdown | 12.25 | 9.68 | +2.57 |
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 | LCUJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.61 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.61 | +0.30 |
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 | 0.52 | +0.07 |
Drawdowns
IQQN.DE vs. LCUJ.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than LCUJ.DE's maximum drawdown of -28.01%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and LCUJ.DE.
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Drawdown Indicators
| IQQN.DE | LCUJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -28.01% | -24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -10.08% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -16.92% | -6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -19.10% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | 0.00% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -5.92% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.13% | -1.08% |
Volatility
IQQN.DE vs. LCUJ.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) has a volatility of 4.13%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than LCUJ.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 | LCUJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.13% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 14.92% | -7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 18.78% | -7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 16.63% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 17.10% | -1.01% |
IQQN.DE vs. LCUJ.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than LCUJ.DE's 0.12% expense ratio.
Dividends
IQQN.DE vs. LCUJ.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, while LCUJ.DE has not paid dividends to shareholders.
| 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% |
LCUJ.DE Amundi MSCI Japan UCITS ETF 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% |
Frequently Asked Questions
IQQN.DE and LCUJ.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, LCUJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUJ.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 LCUJ.DE is Japan Equities. IQQN.DE tracks MSCI North America, while LCUJ.DE tracks MSCI Japan. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for IQQN.DE and 0.12% for LCUJ.DE.
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