IWLE.DE vs. IQQ0.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IWLE.DE tracks the MSCI World Net TR Index while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 5.97%/yr for IQQ0.DE. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IWLE.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly higher than IQQ0.DE's 2.92% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
IQQ0.DE
- 1D
- -0.28%
- 1M
- 0.70%
- YTD
- 2.92%
- 6M
- 3.55%
- 1Y
- 4.15%
- 3Y*
- 7.53%
- 5Y*
- 5.97%
- 10Y*
- 6.79%
IWLE.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 12.14% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 2.92% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 10.75% |
Correlation
The correlation between IWLE.DE and IQQ0.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 | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.56 |
Over the past year, the correlation between IWLE.DE and IQQ0.DE has dropped to 0.18 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
IWLE.DE vs. IQQ0.DE — Risk / Return Rank
IWLE.DE
IQQ0.DE
IWLE.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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.
| IWLE.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.79 | +1.78 |
| Martin ratioReturn relative to average drawdown | 11.25 | 1.95 | +9.31 |
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Drawdowns
IWLE.DE vs. IQQ0.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, which is greater than IQQ0.DE's maximum drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and IQQ0.DE.
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Drawdown Indicators
| IWLE.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -28.64% | -4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -5.22% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -12.82% | -4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -12.82% | -10.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.64% | — |
Current DrawdownCurrent decline from peak | -1.77% | -5.44% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -7.05% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.12% | -0.28% |
Volatility
IWLE.DE vs. IQQ0.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.15%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.15% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 5.55% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 7.93% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 10.09% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 12.77% | +3.99% |
IWLE.DE vs. IQQ0.DE - Expense Ratio Comparison
Both IWLE.DE and IQQ0.DE have an expense ratio of 0.30%.
Dividends
IWLE.DE vs. IQQ0.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while IQQ0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
Frequently Asked Questions
IWLE.DE and IQQ0.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE and IQQ0.DE have the same expense ratio: 0.30% per year.
IWLE.DE tracks MSCI World Net TR Index, while IQQ0.DE tracks MSCI World Minimum Volatility.
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