IQQQ.DE vs. ^GSPC
IQQQ.DE (iShares Global Water UCITS ETF) is Water Equities fund tracking the S&P Global Water, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IQQQ.DE returned 9.20%/yr vs 12.65%/yr for ^GSPC. At a 0.46 correlation, their price movements are largely independent.
Performance
IQQQ.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IQQQ.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQQQ.DE achieves a 5.34% return, which is significantly lower than ^GSPC's 11.89% return. Over the past 10 years, IQQQ.DE has underperformed ^GSPC with an annualized return of 9.20%, while ^GSPC has yielded a comparatively higher 12.65% annualized return.
IQQQ.DE
- 1D
- -1.44%
- 1M
- 3.35%
- 6M
- 1.71%
- YTD
- 5.34%
- 1Y
- 7.20%
- 3Y*
- 7.40%
- 5Y*
- 5.35%
- 10Y*
- 9.20%
- ALL TIME*
- 7.58%
^GSPC
- 1D
- 0.01%
- 1M
- -0.35%
- 6M
- 8.98%
- YTD
- 11.89%
- 1Y
- 20.36%
- 3Y*
- 16.94%
- 5Y*
- 12.03%
- 10Y*
- 12.65%
- ALL TIME*
- 10.08%
IQQQ.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQQ.DE iShares Global Water UCITS ETF | 5.34% | 5.06% | 10.14% | 9.73% | -16.61% | 42.40% | 4.63% | 38.35% | -7.05% | 11.42% |
^GSPC S&P 500 Index | 11.89% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between IQQQ.DE and ^GSPC is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | 0.46 |
The correlation between IQQQ.DE and ^GSPC shifts across timeframes, from 0.32 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQQQ.DE vs. ^GSPC — Risk / Return Rank
IQQQ.DE
^GSPC
IQQQ.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF (IQQQ.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IQQQ.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 2.70 | -1.91 |
| Martin ratioReturn relative to average drawdown | 1.87 | 9.96 | -8.09 |
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Drawdowns
IQQQ.DE vs. ^GSPC - Drawdown Comparison
The maximum IQQQ.DE drawdown since its inception was -50.44%, roughly equal to the maximum ^GSPC drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for IQQQ.DE and ^GSPC.
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Drawdown Indicators
| IQQQ.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.44% | -50.14% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -7.57% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -23.99% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -23.99% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -34.51% | -33.42% | -1.09% |
Current DrawdownCurrent decline from peak | -2.37% | -1.73% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -8.49% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.05% | +1.79% |
Volatility
IQQQ.DE vs. ^GSPC - Volatility Comparison
iShares Global Water UCITS ETF (IQQQ.DE) has a higher volatility of 4.33% compared to S&P 500 Index (^GSPC) at 2.79%. This indicates that IQQQ.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQQ.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 2.79% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 9.21% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 12.64% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 16.83% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 18.61% | -3.46% |
Frequently Asked Questions
IQQQ.DE and ^GSPC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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