IQQU.DE vs. ED3F.DE
IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - IQQU.DE is a Europe Equities fund tracking the MSCI Europe ex UK, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, IQQU.DE returned 15.14% vs -4.47% for ED3F.DE. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
IQQU.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQU.DE achieves a 7.54% return, which is significantly higher than ED3F.DE's 0.02% 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%
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQQU.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 7.54% | 7.43% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between IQQU.DE and ED3F.DE 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 (All Time) Calculated using the full available price history since May 23, 2025 | 0.32 |
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Return for Risk
IQQU.DE vs. ED3F.DE — Risk / Return Rank
IQQU.DE
ED3F.DE
IQQU.DE vs. ED3F.DE - 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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| IQQU.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.01 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | -0.08 | +1.61 |
| Martin ratioReturn relative to average drawdown | 5.62 | -0.18 | +5.80 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | -0.06 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.15 | +0.13 |
Drawdowns
IQQU.DE vs. ED3F.DE - Drawdown Comparison
The maximum IQQU.DE drawdown since its inception was -59.97%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for IQQU.DE and ED3F.DE.
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Drawdown Indicators
| IQQU.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.97% | -23.91% | -36.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -23.91% | +13.94% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.61% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -20.80% | +19.59% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -8.37% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 10.25% | -7.52% |
Volatility
IQQU.DE vs. ED3F.DE - Volatility Comparison
The current volatility for iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) is 4.32%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that IQQU.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE 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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 10.58% | -6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 22.80% | -11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 30.60% | -17.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 30.42% | -15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 30.42% | -14.73% |
IQQU.DE vs. ED3F.DE - Expense Ratio Comparison
Both IQQU.DE and ED3F.DE have an expense ratio of 0.40%.
Dividends
IQQU.DE vs. ED3F.DE - Dividend Comparison
IQQU.DE's dividend yield for the trailing twelve months is around 1.98%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 ED3F.DE 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.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IQQU.DE and ED3F.DE have the same expense ratio: 0.40% per year.
IQQU.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. IQQU.DE tracks MSCI Europe ex UK, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: iShares and Global X.
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