IQQU.DE vs. ACWI
IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IQQU.DE is a Europe Equities fund tracking the MSCI Europe ex UK, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, IQQU.DE returned 9.38%/yr vs 12.52%/yr for ACWI. A 0.57 correlation means they provide meaningful diversification when combined. IQQU.DE charges 0.40%/yr vs 0.32%/yr for ACWI.
Performance
IQQU.DE vs. ACWI - Performance Comparison
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Different Trading Currencies
IQQU.DE is traded in EUR, while ACWI is traded in USD. To make them comparable, the ACWI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQQU.DE achieves a 7.54% return, which is significantly lower than ACWI's 13.75% return. Over the past 10 years, IQQU.DE has underperformed ACWI with an annualized return of 9.38%, while ACWI has yielded a comparatively higher 12.52% annualized return.
IQQU.DE
- 1D
- 0.78%
- 1M
- 1.64%
- YTD
- 7.54%
- 6M
- 9.86%
- 1Y
- 15.14%
- 3Y*
- 13.15%
- 5Y*
- 9.03%
- 10Y*
- 9.38%
ACWI
- 1D
- 0.00%
- 1M
- 3.58%
- YTD
- 13.75%
- 6M
- 13.23%
- 1Y
- 27.72%
- 3Y*
- 17.90%
- 5Y*
- 12.38%
- 10Y*
- 12.52%
IQQU.DE vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 7.54% | 20.11% | 6.36% | 17.27% | -12.23% | 24.46% | 1.53% | 28.71% | -11.38% | 11.87% |
ACWI iShares MSCI ACWI ETF | 11.26% | 7.89% | 25.20% | 18.61% | -13.33% | 27.54% | 6.75% | 29.45% | -4.92% | 9.05% |
Correlation
The correlation between IQQU.DE and ACWI is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.57 |
The correlation between IQQU.DE and ACWI has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
IQQU.DE vs. ACWI — Risk / Return Rank
IQQU.DE
ACWI
IQQU.DE vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) and iShares MSCI ACWI ETF (ACWI). 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.
| IQQU.DE | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.42 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.92 | -2.38 |
| Martin ratioReturn relative to average drawdown | 5.62 | 16.36 | -10.73 |
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
| IQQU.DE | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.27 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.82 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.74 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.55 | -0.27 |
Drawdowns
IQQU.DE vs. ACWI - Drawdown Comparison
The maximum IQQU.DE drawdown since its inception was -59.97%, which is greater than ACWI's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for IQQU.DE and ACWI.
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Drawdown Indicators
| IQQU.DE | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.97% | -45.79% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -7.11% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -20.51% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -20.51% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -34.61% | -32.80% | -1.81% |
Current DrawdownCurrent decline from peak | -1.21% | -0.39% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -6.42% | -8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.70% | +1.03% |
Volatility
IQQU.DE vs. ACWI - Volatility Comparison
iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) has a higher volatility of 4.32% compared to iShares MSCI ACWI ETF (ACWI) at 2.74%. This indicates that IQQU.DE's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQU.DE | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 2.74% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 9.28% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 12.29% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 15.11% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 16.96% | -1.27% |
IQQU.DE vs. ACWI - Expense Ratio Comparison
IQQU.DE has a 0.40% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
IQQU.DE vs. ACWI - Dividend Comparison
IQQU.DE's dividend yield for the trailing twelve months is around 1.98%, more than ACWI's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.42% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 1.98% | 2.16% | 2.38% | 2.36% | 2.33% | 1.62% | 1.43% | 2.31% | 2.67% | 2.26% | 2.31% | 2.14% |
Frequently Asked Questions
IQQU.DE and ACWI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ACWI is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ACWI is cheaper with a 0.32% expense ratio, compared with 0.40% for IQQU.DE.
IQQU.DE is categorized as Europe Equities, while ACWI is Global Equities. IQQU.DE tracks MSCI Europe ex UK, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.40% for IQQU.DE and 0.32% for ACWI.
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