IQQN.DE vs. V3YL.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and V3YL.DE (Vanguard ESG North America All Cap UCITS ETF (USD) Distributing) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while V3YL.DE tracks the FTSE North America All Cap Choice Index. Both are passively managed. Over the past 3 years, IQQN.DE returned 18.64%/yr vs 18.67%/yr for V3YL.DE. With a 0.98 correlation, they move nearly in lockstep. IQQN.DE charges 0.40%/yr vs 0.12%/yr for V3YL.DE.
Performance
IQQN.DE vs. V3YL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IQQN.DE having a 11.09% return and V3YL.DE slightly lower at 11.04%.
IQQN.DE
- 1D
- -0.05%
- 1M
- 5.20%
- YTD
- 11.09%
- 6M
- 11.12%
- 1Y
- 25.13%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
V3YL.DE
- 1D
- 0.09%
- 1M
- 6.24%
- YTD
- 11.04%
- 6M
- 11.23%
- 1Y
- 25.49%
- 3Y*
- 18.67%
- 5Y*
- —
- 10Y*
- —
IQQN.DE vs. V3YL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.29% |
V3YL.DE Vanguard ESG North America All Cap UCITS ETF (USD) Distributing | 11.04% | 4.17% | 31.45% | 26.32% | -17.36% |
Correlation
The correlation between IQQN.DE and V3YL.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022 | 0.98 |
The correlation between IQQN.DE and V3YL.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
IQQN.DE vs. V3YL.DE — Risk / Return Rank
IQQN.DE
V3YL.DE
IQQN.DE vs. V3YL.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 Vanguard ESG North America All Cap UCITS ETF (USD) Distributing (V3YL.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 | V3YL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.64 | +0.83 |
| Martin ratioReturn relative to average drawdown | 12.25 | 9.53 | +2.72 |
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 | V3YL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.97 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | — | — |
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 | 0.82 | -0.24 |
Drawdowns
IQQN.DE vs. V3YL.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, which is greater than V3YL.DE's maximum drawdown of -24.77%. Use the drawdown chart below to compare losses from any high point for IQQN.DE and V3YL.DE.
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Drawdown Indicators
| IQQN.DE | V3YL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -24.77% | -27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.61% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -24.77% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.50% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -5.30% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.67% | -0.62% |
Volatility
IQQN.DE vs. V3YL.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while Vanguard ESG North America All Cap UCITS ETF (USD) Distributing (V3YL.DE) has a volatility of 3.16%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than V3YL.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 | V3YL.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% | 8.81% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 12.85% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 15.57% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 15.57% | +0.52% |
IQQN.DE vs. V3YL.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than V3YL.DE's 0.12% expense ratio.
Dividends
IQQN.DE vs. V3YL.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, less than V3YL.DE's 0.63% 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% |
V3YL.DE Vanguard ESG North America All Cap UCITS ETF (USD) Distributing | 0.63% | 0.71% | 0.78% | 0.99% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, IQQN.DE and V3YL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, V3YL.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3YL.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for IQQN.DE.
IQQN.DE tracks MSCI North America, while V3YL.DE tracks FTSE North America All Cap Choice Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for IQQN.DE and 0.12% for V3YL.DE.
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