IQQN.DE vs. USCP.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and USCP.DE (Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR)) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while USCP.DE tracks the Shiller Barclays CAPE® US Sector Value. Both are passively managed. Over the past 10 years, IQQN.DE returned 14.38%/yr vs 13.23%/yr for USCP.DE. Their correlation of 0.91 suggests significant overlap in exposure. IQQN.DE charges 0.40%/yr vs 0.65%/yr for USCP.DE.
Performance
IQQN.DE vs. USCP.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 USCP.DE's 1.13% return. Over the past 10 years, IQQN.DE has outperformed USCP.DE with an annualized return of 14.38%, while USCP.DE has yielded a comparatively lower 13.23% 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%
USCP.DE
- 1D
- 1.28%
- 1M
- -0.01%
- YTD
- 1.13%
- 6M
- 1.02%
- 1Y
- 5.41%
- 3Y*
- 9.33%
- 5Y*
- 9.75%
- 10Y*
- 13.23%
IQQN.DE vs. USCP.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% |
USCP.DE Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR) | 1.13% | -3.26% | 22.70% | 25.56% | -10.80% | 38.73% | 7.54% | 33.98% | 0.41% | 5.39% |
Correlation
The correlation between IQQN.DE and USCP.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2015 | 0.91 |
Over the past year, the correlation between IQQN.DE and USCP.DE has dropped to 0.60 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
IQQN.DE vs. USCP.DE — Risk / Return Rank
IQQN.DE
USCP.DE
IQQN.DE vs. USCP.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 Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR) (USCP.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 | USCP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.09 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 0.72 | +2.74 |
| Martin ratioReturn relative to average drawdown | 12.25 | 2.18 | +10.07 |
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 | USCP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.51 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.67 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.82 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.74 | -0.15 |
Drawdowns
IQQN.DE vs. USCP.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than USCP.DE's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and USCP.DE.
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Drawdown Indicators
| IQQN.DE | USCP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -34.80% | -17.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -7.04% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -19.22% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -19.22% | -4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -34.80% | +0.42% |
Current DrawdownCurrent decline from peak | -0.35% | -7.42% | +7.07% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.90% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.34% | -0.29% |
Volatility
IQQN.DE vs. USCP.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR) (USCP.DE) has a volatility of 3.16%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than USCP.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 | USCP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.16% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 7.23% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 10.00% | +1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 14.46% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 16.11% | -0.02% |
IQQN.DE vs. USCP.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is lower than USCP.DE's 0.65% expense ratio.
Dividends
IQQN.DE vs. USCP.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, while USCP.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% |
USCP.DE Ossiam Shiller Barclays CAPE® US Sector Value TR UCITS ETF (EUR) | 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 USCP.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQN.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQN.DE is cheaper with a 0.40% expense ratio, compared with 0.65% for USCP.DE.
IQQN.DE tracks MSCI North America, while USCP.DE tracks Shiller Barclays CAPE® US Sector Value. They also come from different issuers: iShares and Natixis. Their fees differ too: 0.40% for IQQN.DE and 0.65% for USCP.DE.
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