LBRA.DE vs. IQQB.DE
LBRA.DE (Amundi MSCI Brazil UCITS ETF Acc) and IQQB.DE (iShares MSCI Brazil UCITS ETF (Dist)) are both Latin America Equities funds tracking the MSCI Brazil, from Amundi and iShares respectively. Both are passively managed. Over the past 10 years, LBRA.DE returned 7.63%/yr vs 7.16%/yr for IQQB.DE. With a 0.96 correlation, they move nearly in lockstep. LBRA.DE charges 0.65%/yr vs 0.74%/yr for IQQB.DE.
Performance
LBRA.DE vs. IQQB.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LBRA.DE having a 10.59% return and IQQB.DE slightly higher at 10.83%. Over the past 10 years, LBRA.DE has outperformed IQQB.DE with an annualized return of 7.63%, while IQQB.DE has yielded a comparatively lower 7.16% annualized return.
LBRA.DE
- 1D
- -0.48%
- 1M
- -12.38%
- YTD
- 10.59%
- 6M
- 3.97%
- 1Y
- 31.14%
- 3Y*
- 8.24%
- 5Y*
- 5.61%
- 10Y*
- 7.63%
IQQB.DE
- 1D
- -0.33%
- 1M
- -12.83%
- YTD
- 10.83%
- 6M
- 3.33%
- 1Y
- 29.11%
- 3Y*
- 7.22%
- 5Y*
- 5.89%
- 10Y*
- 7.16%
LBRA.DE vs. IQQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LBRA.DE Amundi MSCI Brazil UCITS ETF Acc | 10.59% | 32.01% | -26.48% | 29.27% | 22.98% | -14.68% | -26.84% | 30.74% | 0.23% | 8.95% |
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 10.83% | 29.90% | -24.72% | 25.50% | 22.21% | -15.61% | -22.22% | 25.55% | -1.12% | 10.31% |
Correlation
The correlation between LBRA.DE and IQQB.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2007 | 0.96 |
The correlation between LBRA.DE and IQQB.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
LBRA.DE vs. IQQB.DE — Risk / Return Rank
LBRA.DE
IQQB.DE
LBRA.DE vs. IQQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Brazil UCITS ETF Acc (LBRA.DE) and iShares MSCI Brazil UCITS ETF (Dist) (IQQB.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.
| LBRA.DE | IQQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.76 | +0.23 |
| Martin ratioReturn relative to average drawdown | 6.54 | 6.01 | +0.53 |
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
| LBRA.DE | IQQB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.34 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.23 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.23 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.08 | -0.02 |
Drawdowns
LBRA.DE vs. IQQB.DE - Drawdown Comparison
The maximum LBRA.DE drawdown since its inception was -76.26%, which is greater than IQQB.DE's maximum drawdown of -69.27%. Use the drawdown chart below to compare losses from any high point for LBRA.DE and IQQB.DE.
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Drawdown Indicators
| LBRA.DE | IQQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.26% | -69.27% | -6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.63% | -16.51% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -28.86% | -27.88% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -29.47% | -28.03% | -1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -55.22% | -52.58% | -2.64% |
Current DrawdownCurrent decline from peak | -24.57% | -16.51% | -8.06% |
Average DrawdownAverage peak-to-trough decline | -38.24% | -28.58% | -9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 4.83% | -0.08% |
Volatility
LBRA.DE vs. IQQB.DE - Volatility Comparison
Amundi MSCI Brazil UCITS ETF Acc (LBRA.DE) has a higher volatility of 6.39% compared to iShares MSCI Brazil UCITS ETF (Dist) (IQQB.DE) at 5.70%. This indicates that LBRA.DE's price experiences larger fluctuations and is considered to be riskier than IQQB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBRA.DE | IQQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 5.70% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 17.76% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 21.70% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.20% | 25.87% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.81% | 31.51% | +0.30% |
LBRA.DE vs. IQQB.DE - Expense Ratio Comparison
LBRA.DE has a 0.65% expense ratio, which is lower than IQQB.DE's 0.74% expense ratio.
Dividends
LBRA.DE vs. IQQB.DE - Dividend Comparison
LBRA.DE has not paid dividends to shareholders, while IQQB.DE's dividend yield for the trailing twelve months is around 4.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 4.36% | 4.47% | 6.44% | 5.50% | 13.94% | 6.23% | 1.92% | 2.46% | 2.55% | 1.49% | 1.74% | 3.53% |
LBRA.DE Amundi MSCI Brazil 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
With a correlation of 0.97, LBRA.DE and IQQB.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, LBRA.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBRA.DE is cheaper with a 0.65% expense ratio, compared with 0.74% for IQQB.DE.
Both ETFs track MSCI Brazil. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.65% for LBRA.DE and 0.74% for IQQB.DE.
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