IS04.DE vs. IUSQ.DE
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - IS04.DE is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, IS04.DE returned -1.74%/yr vs 12.38%/yr for IUSQ.DE. At a correlation of -0.04, they often move in opposite directions. IS04.DE charges 0.07%/yr vs 0.20%/yr for IUSQ.DE.
Performance
IS04.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS04.DE achieves a 0.81% return, which is significantly lower than IUSQ.DE's 12.65% return. Over the past 10 years, IS04.DE has underperformed IUSQ.DE with an annualized return of -1.74%, while IUSQ.DE has yielded a comparatively higher 12.38% annualized return.
IS04.DE
- 1D
- 0.41%
- 1M
- 0.97%
- YTD
- 0.81%
- 6M
- -0.32%
- 1Y
- 2.27%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
IS04.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -4.33% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between IS04.DE and IUSQ.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2015 | -0.04 |
The correlation between IS04.DE and IUSQ.DE shifts across timeframes, from -0.05 (10 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS04.DE vs. IUSQ.DE — Risk / Return Rank
IS04.DE
IUSQ.DE
IS04.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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.
| IS04.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 4.08 | -3.79 |
| Martin ratioReturn relative to average drawdown | 0.62 | 16.69 | -16.08 |
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
| IS04.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 2.31 | -2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.88 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.82 | -0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.76 | -0.86 |
Drawdowns
IS04.DE vs. IUSQ.DE - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, which is greater than IUSQ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for IS04.DE and IUSQ.DE.
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Drawdown Indicators
| IS04.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -33.60% | -13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -6.48% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -21.25% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -40.05% | -21.25% | -18.80% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | -33.60% | -13.59% |
Current DrawdownCurrent decline from peak | -43.69% | -0.55% | -43.14% |
Average DrawdownAverage peak-to-trough decline | -21.89% | -4.19% | -17.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 1.59% | +1.86% |
Volatility
IS04.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) is 2.47%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that IS04.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS04.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 3.03% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 8.26% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 11.47% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 13.94% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 15.02% | -0.33% |
IS04.DE vs. IUSQ.DE - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is lower than IUSQ.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS04.DE vs. IUSQ.DE - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.35%, while IUSQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
IUSQ.DE iShares MSCI ACWI 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% |
Frequently Asked Questions
IS04.DE and IUSQ.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IUSQ.DE.
IS04.DE is categorized as Government Bonds, while IUSQ.DE is Global Equities. IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.07% for IS04.DE and 0.20% for IUSQ.DE.
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