IQQU.DE vs. FTGE.DE
IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - IQQU.DE tracks the MSCI Europe ex UK while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 5 years, IQQU.DE returned 9.03%/yr vs 11.59%/yr for FTGE.DE. Their correlation of 0.87 suggests significant overlap in exposure. IQQU.DE charges 0.40%/yr vs 0.65%/yr for FTGE.DE.
Performance
IQQU.DE vs. FTGE.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 lower than FTGE.DE's 13.73% 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%
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
IQQU.DE vs. FTGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 7.54% | 20.11% | 6.36% | 17.27% | -12.23% | 24.46% | 20.58% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 24.16% |
Correlation
The correlation between IQQU.DE and FTGE.DE is 0.85, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.87 |
The correlation between IQQU.DE and FTGE.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
IQQU.DE vs. FTGE.DE — Risk / Return Rank
IQQU.DE
FTGE.DE
IQQU.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.27 | -1.74 |
| Martin ratioReturn relative to average drawdown | 5.62 | 12.30 | -6.67 |
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 | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.16 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.65 | -0.05 |
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 | 0.88 | -0.59 |
Drawdowns
IQQU.DE vs. FTGE.DE - Drawdown Comparison
The maximum IQQU.DE drawdown since its inception was -59.97%, which is greater than FTGE.DE's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for IQQU.DE and FTGE.DE.
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Drawdown Indicators
| IQQU.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.97% | -26.63% | -33.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -9.38% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -16.12% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -26.63% | +4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -34.61% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | 0.00% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -5.40% | -9.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.50% | +0.23% |
Volatility
IQQU.DE vs. FTGE.DE - Volatility Comparison
iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) has a higher volatility of 4.32% compared to First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) at 3.83%. This indicates that IQQU.DE's price experiences larger fluctuations and is considered to be riskier than FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 3.83% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 11.63% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 14.23% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 17.58% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 18.41% | -2.72% |
IQQU.DE vs. FTGE.DE - Expense Ratio Comparison
IQQU.DE has a 0.40% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
IQQU.DE vs. FTGE.DE - Dividend Comparison
IQQU.DE's dividend yield for the trailing twelve months is around 1.98%, while FTGE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 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 FTGE.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.65% for FTGE.DE.
IQQU.DE tracks MSCI Europe ex UK, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.40% for IQQU.DE and 0.65% for FTGE.DE.
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