OPEN.DE vs. IQQ0.DE
OPEN.DE (iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc)) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds from iShares - OPEN.DE tracks the MSCI ACWI Value NR USD while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, OPEN.DE returned 11.65%/yr vs 6.14%/yr for IQQ0.DE. A 0.69 correlation means they provide meaningful diversification when combined. OPEN.DE charges 0.25%/yr vs 0.30%/yr for IQQ0.DE.
Performance
OPEN.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OPEN.DE achieves a 19.86% return, which is significantly higher than IQQ0.DE's 1.59% return.
OPEN.DE
- 1D
- -0.71%
- 1M
- 10.85%
- YTD
- 19.86%
- 6M
- 21.67%
- 1Y
- 28.74%
- 3Y*
- 16.69%
- 5Y*
- 11.65%
- 10Y*
- —
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.50%
- YTD
- 1.59%
- 6M
- 1.72%
- 1Y
- -0.28%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
OPEN.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 19.86% | 10.46% | 14.15% | 11.37% | -3.82% | 27.16% | 0.34% | 25.25% | -8.09% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 26.17% | -5.01% |
Correlation
The correlation between OPEN.DE and IQQ0.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2018 | 0.69 |
Over the past year, the correlation between OPEN.DE and IQQ0.DE has dropped to 0.45 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
OPEN.DE vs. IQQ0.DE — Risk / Return Rank
OPEN.DE
IQQ0.DE
OPEN.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.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.
| OPEN.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.43 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.00 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | -0.05 | +3.56 |
| Martin ratioReturn relative to average drawdown | 12.97 | -0.12 | +13.08 |
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
| OPEN.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | -0.04 | +2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.60 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.76 | 0.00 |
Drawdowns
OPEN.DE vs. IQQ0.DE - Drawdown Comparison
The maximum OPEN.DE drawdown since its inception was -33.09%, which is greater than IQQ0.DE's maximum drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for OPEN.DE and IQQ0.DE.
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Drawdown Indicators
| OPEN.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.09% | -28.65% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -5.22% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -12.82% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -12.82% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.65% | — |
Current DrawdownCurrent decline from peak | -2.06% | -6.65% | +4.59% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -4.54% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.44% | -0.23% |
Volatility
OPEN.DE vs. IQQ0.DE - Volatility Comparison
iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) has a higher volatility of 4.89% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that OPEN.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
| OPEN.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.53% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 5.36% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 7.78% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 10.08% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 11.62% | +3.84% |
OPEN.DE vs. IQQ0.DE - Expense Ratio Comparison
OPEN.DE has a 0.25% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
OPEN.DE vs. IQQ0.DE - Dividend Comparison
Neither OPEN.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
OPEN.DE and IQQ0.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OPEN.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OPEN.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IQQ0.DE.
OPEN.DE tracks MSCI ACWI Value NR USD, while IQQ0.DE tracks MSCI World Minimum Volatility. Their fees differ too: 0.25% for OPEN.DE and 0.30% for IQQ0.DE.
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