IQQU.DE vs. EXW3.DE
IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) and EXW3.DE (iShares STOXX Europe 50 UCITS ETF (DE)) are both Europe Equities funds from iShares - IQQU.DE tracks the MSCI Europe ex UK while EXW3.DE tracks the STOXX® Europe 50. Both are passively managed. Over the past 10 years, IQQU.DE returned 9.78%/yr vs 9.73%/yr for EXW3.DE. Their correlation of 0.91 suggests significant overlap in exposure. IQQU.DE charges 0.40%/yr vs 0.52%/yr for EXW3.DE.
Performance
IQQU.DE vs. EXW3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQU.DE achieves a 10.15% return, which is significantly lower than EXW3.DE's 13.53% return. Both investments have delivered pretty close results over the past 10 years, with IQQU.DE having a 9.78% annualized return and EXW3.DE not far behind at 9.73%.
IQQU.DE
- 1D
- -0.42%
- 1M
- -0.13%
- 6M
- 6.22%
- YTD
- 10.15%
- 1Y
- 19.25%
- 3Y*
- 13.69%
- 5Y*
- 9.34%
- 10Y*
- 9.78%
EXW3.DE
- 1D
- -0.53%
- 1M
- -0.09%
- 6M
- 7.74%
- YTD
- 13.53%
- 1Y
- 25.04%
- 3Y*
- 14.51%
- 5Y*
- 12.14%
- 10Y*
- 9.73%
IQQU.DE vs. EXW3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 10.15% | 20.10% | 6.36% | 17.27% | -12.22% | 24.46% | 1.52% | 28.72% | -11.38% | 11.87% |
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 13.53% | 18.18% | 7.34% | 14.18% | -1.79% | 26.04% | -6.57% | 28.26% | -10.63% | 9.15% |
Correlation
The correlation between IQQU.DE and EXW3.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2006 | 0.91 |
The correlation between IQQU.DE and EXW3.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
IQQU.DE vs. EXW3.DE — Risk / Return Rank
IQQU.DE
EXW3.DE
IQQU.DE vs. EXW3.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 iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.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.
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.
| IQQU.DE | EXW3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.57 | -0.65 |
| Martin ratioReturn relative to average drawdown | 7.25 | 9.49 | -2.24 |
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Drawdowns
IQQU.DE vs. EXW3.DE - Drawdown Comparison
The maximum IQQU.DE drawdown since its inception was -58.28%, roughly equal to the maximum EXW3.DE drawdown of -57.13%. Use the drawdown chart below to compare losses from any high point for IQQU.DE and EXW3.DE.
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Drawdown Indicators
| IQQU.DE | EXW3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.28% | -57.13% | -1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -9.51% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -17.29% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -17.29% | -5.26% |
Max Drawdown (10Y)Largest decline over 10 years | -34.62% | -32.27% | -2.35% |
Current DrawdownCurrent decline from peak | -2.31% | -2.81% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -12.66% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.58% | +0.06% |
Volatility
IQQU.DE vs. EXW3.DE - Volatility Comparison
The current volatility for iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) is 3.45%, while iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.DE) has a volatility of 3.68%. This indicates that IQQU.DE experiences smaller price fluctuations and is considered to be less risky than EXW3.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 | EXW3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 3.68% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 11.94% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 14.20% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 14.13% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 15.06% | +0.32% |
IQQU.DE vs. EXW3.DE - Expense Ratio Comparison
IQQU.DE has a 0.40% expense ratio, which is lower than EXW3.DE's 0.52% expense ratio.
Dividends
IQQU.DE vs. EXW3.DE - Dividend Comparison
IQQU.DE's dividend yield for the trailing twelve months is around 2.02%, less than EXW3.DE's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 2.28% | 2.22% | 2.44% | 2.10% | 2.52% | 2.04% | 2.16% | 2.79% | 2.83% | 5.17% | 4.31% | 3.43% |
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 2.02% | 2.15% | 2.38% | 2.36% | 2.33% | 1.62% | 1.43% | 2.31% | 2.67% | 2.26% | 2.31% | 2.14% |
Frequently Asked Questions
With a correlation of 0.93, IQQU.DE and EXW3.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, IQQU.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQU.DE is cheaper with a 0.40% expense ratio, compared with 0.52% for EXW3.DE.
IQQU.DE tracks MSCI Europe ex UK, while EXW3.DE tracks STOXX® Europe 50. Their fees differ too: 0.40% for IQQU.DE and 0.52% for EXW3.DE.
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