OM3L.DE vs. D6RQ.DE
OM3L.DE (iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)) and D6RQ.DE (Deka MSCI USA Climate Change ESG UCITS ETF) are both Large Cap Blend Equities funds - OM3L.DE tracks the MSCI USA ESG Enhanced Focus while D6RQ.DE tracks the MSCI USA Climate Change ESG Select. Both are passively managed. Over the past 5 years, OM3L.DE returned 13.77%/yr vs 17.54%/yr for D6RQ.DE. With a 0.96 correlation, they move nearly in lockstep. OM3L.DE charges 0.07%/yr vs 0.25%/yr for D6RQ.DE.
Performance
OM3L.DE vs. D6RQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OM3L.DE achieves a 10.41% return, which is significantly lower than D6RQ.DE's 14.41% return.
OM3L.DE
- 1D
- -0.11%
- 1M
- 4.57%
- YTD
- 10.41%
- 6M
- 9.75%
- 1Y
- 23.08%
- 3Y*
- 17.98%
- 5Y*
- 13.77%
- 10Y*
- —
D6RQ.DE
- 1D
- -0.56%
- 1M
- 7.43%
- YTD
- 14.41%
- 6M
- 13.29%
- 1Y
- 33.08%
- 3Y*
- 23.10%
- 5Y*
- 17.54%
- 10Y*
- —
OM3L.DE vs. D6RQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OM3L.DE iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) | 10.41% | 2.65% | 31.09% | 23.69% | -16.09% | 40.76% | 12.54% |
D6RQ.DE Deka MSCI USA Climate Change ESG UCITS ETF | 14.41% | 4.36% | 42.08% | 34.15% | -22.07% | 41.44% | 12.56% |
Correlation
The correlation between OM3L.DE and D6RQ.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.96 |
The correlation between OM3L.DE and D6RQ.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
OM3L.DE vs. D6RQ.DE — Risk / Return Rank
OM3L.DE
D6RQ.DE
OM3L.DE vs. D6RQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (OM3L.DE) and Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.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.
| OM3L.DE | D6RQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.69 | +0.15 |
| Martin ratioReturn relative to average drawdown | 9.78 | 7.85 | +1.93 |
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
| OM3L.DE | D6RQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.23 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.97 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.09 | -0.19 |
Drawdowns
OM3L.DE vs. D6RQ.DE - Drawdown Comparison
The maximum OM3L.DE drawdown since its inception was -33.35%, which is greater than D6RQ.DE's maximum drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for OM3L.DE and D6RQ.DE.
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Drawdown Indicators
| OM3L.DE | D6RQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -27.29% | -6.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -12.28% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -27.29% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -27.29% | +3.08% |
Current DrawdownCurrent decline from peak | -0.41% | -0.84% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -5.82% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 4.22% | -1.85% |
Volatility
OM3L.DE vs. D6RQ.DE - Volatility Comparison
The current volatility for iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (OM3L.DE) is 2.71%, while Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.DE) has a volatility of 4.06%. This indicates that OM3L.DE experiences smaller price fluctuations and is considered to be less risky than D6RQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OM3L.DE | D6RQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 4.06% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 10.35% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 14.84% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 17.79% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 17.56% | -0.16% |
OM3L.DE vs. D6RQ.DE - Expense Ratio Comparison
OM3L.DE has a 0.07% expense ratio, which is lower than D6RQ.DE's 0.25% 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
OM3L.DE vs. D6RQ.DE - Dividend Comparison
OM3L.DE's dividend yield for the trailing twelve months is around 0.81%, more than D6RQ.DE's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
D6RQ.DE Deka MSCI USA Climate Change ESG UCITS ETF | 0.37% | 0.53% | 0.39% | 0.60% | 0.80% | 0.46% | 0.25% | 0.00% |
OM3L.DE iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) | 0.81% | 0.89% | 0.99% | 2.46% | 2.99% | 2.12% | 2.86% | 2.21% |
Frequently Asked Questions
With a correlation of 0.94, OM3L.DE and D6RQ.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, OM3L.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3L.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for D6RQ.DE.
OM3L.DE tracks MSCI USA ESG Enhanced Focus, while D6RQ.DE tracks MSCI USA Climate Change ESG Select. They also come from different issuers: iShares and Deka. Their fees differ too: 0.07% for OM3L.DE and 0.25% for D6RQ.DE.
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