PSWD.DE vs. IQQ0.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - PSWD.DE tracks the FTSE RAFI All-World 3000 while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 10 years, PSWD.DE returned 11.86%/yr vs 6.81%/yr for IQQ0.DE. A 0.65 correlation means they provide meaningful diversification when combined. PSWD.DE charges 0.39%/yr vs 0.30%/yr for IQQ0.DE.
Performance
PSWD.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD.DE achieves a 16.46% return, which is significantly higher than IQQ0.DE's 1.59% return. Over the past 10 years, PSWD.DE has outperformed IQQ0.DE with an annualized return of 11.86%, while IQQ0.DE has yielded a comparatively lower 6.81% annualized return.
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
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%
PSWD.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
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% | 2.03% | 3.11% |
Correlation
The correlation between PSWD.DE and IQQ0.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2014 | 0.65 |
Over the past year, the correlation between PSWD.DE and IQQ0.DE has dropped to 0.43 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
PSWD.DE vs. IQQ0.DE — Risk / Return Rank
PSWD.DE
IQQ0.DE
PSWD.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| PSWD.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.14 | ||
| Sortino ratioReturn per unit of downside risk | +4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.00 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | -0.05 | +5.61 |
| Martin ratioReturn relative to average drawdown | 22.39 | -0.12 | +22.51 |
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
| PSWD.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | -0.04 | +3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.60 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.58 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.76 | -0.08 |
Drawdowns
PSWD.DE vs. IQQ0.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, 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 PSWD.DE and IQQ0.DE.
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Drawdown Indicators
| PSWD.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -28.65% | -7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -5.22% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -12.82% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -12.82% | -5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -28.65% | -7.74% |
Current DrawdownCurrent decline from peak | -0.31% | -6.65% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.54% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.44% | -0.98% |
Volatility
PSWD.DE vs. IQQ0.DE - Volatility Comparison
Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a higher volatility of 3.08% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that PSWD.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
| PSWD.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.53% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 5.36% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 7.78% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 10.08% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 11.62% | +3.57% |
PSWD.DE vs. IQQ0.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is higher than IQQ0.DE's 0.30% expense ratio.
Dividends
PSWD.DE vs. IQQ0.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, while IQQ0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
PSWD.DE and IQQ0.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQ0.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ0.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for PSWD.DE.
PSWD.DE tracks FTSE RAFI All-World 3000, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSWD.DE and 0.30% for IQQ0.DE.
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