IS0Z.DE vs. IS3Q.DE
IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both exchange-traded funds - IS0Z.DE is a Global Bonds fund tracking the Bloomberg Global Government AAA-AA Capped Bond, while IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 10 years, IS0Z.DE returned -0.58%/yr vs 12.05%/yr for IS3Q.DE. At a 0.16 correlation, their price movements are largely independent. IS0Z.DE charges 0.20%/yr vs 0.30%/yr for IS3Q.DE.
Performance
IS0Z.DE vs. IS3Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Z.DE achieves a 1.29% return, which is significantly lower than IS3Q.DE's 9.47% return. Over the past 10 years, IS0Z.DE has underperformed IS3Q.DE with an annualized return of -0.58%, while IS3Q.DE has yielded a comparatively higher 12.05% annualized return.
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.78%
- YTD
- 1.29%
- 6M
- 1.06%
- 1Y
- 0.23%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
IS0Z.DE vs. IS3Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -16.12% | -0.07% | 2.03% | 7.04% | 1.73% | -3.57% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 33.90% | -3.45% | 8.34% |
Correlation
The correlation between IS0Z.DE and IS3Q.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.16 |
Over the past year, IS0Z.DE and IS3Q.DE have become more correlated (0.40) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
IS0Z.DE vs. IS3Q.DE — Risk / Return Rank
IS0Z.DE
IS3Q.DE
IS0Z.DE vs. IS3Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) and iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| IS0Z.DE | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 2.97 | -2.87 |
| Martin ratioReturn relative to average drawdown | 0.19 | 11.80 | -11.61 |
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
| IS0Z.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 1.76 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.79 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.80 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.76 | -0.72 |
Drawdowns
IS0Z.DE vs. IS3Q.DE - Drawdown Comparison
The maximum IS0Z.DE drawdown since its inception was -21.02%, smaller than the maximum IS3Q.DE drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for IS0Z.DE and IS3Q.DE.
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Drawdown Indicators
| IS0Z.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -32.31% | +11.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -6.33% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -20.63% | +15.52% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -20.63% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -21.02% | -32.31% | +11.29% |
Current DrawdownCurrent decline from peak | -15.06% | -0.12% | -14.94% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -4.61% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.60% | -0.39% |
Volatility
IS0Z.DE vs. IS3Q.DE - Volatility Comparison
The current volatility for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) is 1.69%, while iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) has a volatility of 2.37%. This indicates that IS0Z.DE experiences smaller price fluctuations and is considered to be less risky than IS3Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0Z.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.37% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 7.31% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 10.66% | -6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 14.15% | -7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 14.89% | -9.23% |
IS0Z.DE vs. IS3Q.DE - Expense Ratio Comparison
IS0Z.DE has a 0.20% expense ratio, which is lower than IS3Q.DE's 0.30% expense ratio.
Dividends
IS0Z.DE vs. IS3Q.DE - Dividend Comparison
IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%, while IS3Q.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
IS3Q.DE iShares Edge MSCI World Quality Factor 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
IS0Z.DE and IS3Q.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0Z.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0Z.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for IS3Q.DE.
IS0Z.DE is categorized as Global Bonds, while IS3Q.DE is Global Equities. IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond, while IS3Q.DE tracks MSCI World Sector Neutral Quality. Their fees differ too: 0.20% for IS0Z.DE and 0.30% for IS3Q.DE.
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