PSWD.DE vs. IQQI.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and IQQI.DE (iShares Global Infrastructure UCITS ETF) are both Global Equities funds - PSWD.DE tracks the FTSE RAFI All-World 3000 while IQQI.DE tracks the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 10 years, PSWD.DE returned 12.50%/yr vs 7.26%/yr for IQQI.DE. A 0.59 correlation means they provide meaningful diversification when combined. PSWD.DE charges 0.39%/yr vs 0.65%/yr for IQQI.DE.
Performance
PSWD.DE vs. IQQI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD.DE achieves a 17.33% return, which is significantly higher than IQQI.DE's 14.89% return. Over the past 10 years, PSWD.DE has outperformed IQQI.DE with an annualized return of 12.50%, while IQQI.DE has yielded a comparatively lower 7.26% annualized return.
PSWD.DE
- 1D
- 0.14%
- 1M
- 1.29%
- YTD
- 17.33%
- 6M
- 17.92%
- 1Y
- 34.49%
- 3Y*
- 19.55%
- 5Y*
- 13.47%
- 10Y*
- 12.50%
IQQI.DE
- 1D
- 0.32%
- 1M
- 1.20%
- YTD
- 14.89%
- 6M
- 15.89%
- 1Y
- 20.42%
- 3Y*
- 10.56%
- 5Y*
- 7.56%
- 10Y*
- 7.26%
PSWD.DE vs. IQQI.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 | 17.33% | 14.61% | 17.71% | 12.73% | -3.65% | 31.90% | -3.86% | 26.31% | -9.63% | 5.60% |
IQQI.DE iShares Global Infrastructure UCITS ETF | 14.89% | 0.56% | 14.53% | -3.18% | -0.38% | 26.94% | -10.82% | 27.73% | 2.23% | 0.70% |
Correlation
The correlation between PSWD.DE and IQQI.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.59 |
Over the past year, the correlation between PSWD.DE and IQQI.DE has dropped to 0.34 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
PSWD.DE vs. IQQI.DE — Risk / Return Rank
PSWD.DE
IQQI.DE
PSWD.DE vs. IQQI.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 Global Infrastructure UCITS ETF (IQQI.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.
| PSWD.DE | IQQI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.33 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 4.23 | +1.61 |
| Martin ratioReturn relative to average drawdown | 23.39 | 10.58 | +12.80 |
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Drawdowns
PSWD.DE vs. IQQI.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.38%, smaller than the maximum IQQI.DE drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and IQQI.DE.
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Drawdown Indicators
| PSWD.DE | IQQI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.38% | -42.24% | +5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -4.81% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -14.75% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -24.82% | +6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | -34.16% | -2.22% |
Current DrawdownCurrent decline from peak | -0.74% | 0.00% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -11.11% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.92% | -0.45% |
Volatility
PSWD.DE vs. IQQI.DE - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) is 3.35%, while iShares Global Infrastructure UCITS ETF (IQQI.DE) has a volatility of 4.41%. This indicates that PSWD.DE experiences smaller price fluctuations and is considered to be less risky than IQQI.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 | IQQI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 4.41% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 8.95% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.95% | 10.83% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 12.77% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 14.25% | +0.92% |
PSWD.DE vs. IQQI.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is lower than IQQI.DE's 0.65% expense ratio.
Dividends
PSWD.DE vs. IQQI.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.68%, less than IQQI.DE's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQI.DE iShares Global Infrastructure UCITS ETF | 2.01% | 2.30% | 2.29% | 2.42% | 2.13% | 1.85% | 2.25% | 2.05% | 2.30% | 2.76% | 2.63% | 3.15% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.68% | 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 IQQI.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSWD.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSWD.DE is cheaper with a 0.39% expense ratio, compared with 0.65% for IQQI.DE.
PSWD.DE tracks FTSE RAFI All-World 3000, while IQQI.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSWD.DE and 0.65% for IQQI.DE.
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