IQQN.DE vs. MIVU.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while MIVU.DE tracks the MSCI USA Minimum Volatility. Both are passively managed. Over the past 5 years, IQQN.DE returned 13.97%/yr vs 8.13%/yr for MIVU.DE. A 0.77 correlation means they provide meaningful diversification when combined. IQQN.DE charges 0.40%/yr vs 0.18%/yr for MIVU.DE.
Performance
IQQN.DE vs. MIVU.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 MIVU.DE's 2.88% 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%
MIVU.DE
- 1D
- -0.26%
- 1M
- 3.60%
- YTD
- 2.88%
- 6M
- 2.79%
- 1Y
- 3.11%
- 3Y*
- 8.40%
- 5Y*
- 8.13%
- 10Y*
- —
IQQN.DE vs. MIVU.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% | -12.18% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 2.88% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -5.36% | 30.00% | -5.89% |
Correlation
The correlation between IQQN.DE and MIVU.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2018 | 0.77 |
Over the past year, the correlation between IQQN.DE and MIVU.DE has dropped to 0.44 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
IQQN.DE vs. MIVU.DE — Risk / Return Rank
IQQN.DE
MIVU.DE
IQQN.DE vs. MIVU.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 USA Minimum Volatility Factor UCITS ETF (MIVU.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 | MIVU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.05 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 0.52 | +2.94 |
| Martin ratioReturn relative to average drawdown | 12.25 | 1.15 | +11.10 |
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 | MIVU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.28 | +1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.68 | +0.23 |
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 | 0.60 | -0.01 |
Drawdowns
IQQN.DE vs. MIVU.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than MIVU.DE's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and MIVU.DE.
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Drawdown Indicators
| IQQN.DE | MIVU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -32.69% | -19.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -4.83% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -14.89% | -8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -14.89% | -8.57% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -6.68% | +6.33% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -6.16% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.20% | -0.15% |
Volatility
IQQN.DE vs. MIVU.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) has a volatility of 2.83%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than MIVU.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 | MIVU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.83% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 6.02% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 8.94% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 11.89% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 13.97% | +2.12% |
IQQN.DE vs. MIVU.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than MIVU.DE's 0.18% expense ratio.
Dividends
IQQN.DE vs. MIVU.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, while MIVU.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% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 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 MIVU.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVU.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE tracks MSCI North America, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for IQQN.DE and 0.18% for MIVU.DE.
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