SPP1.DE vs. IQQ0.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 6.03%/yr for IQQ0.DE. A 0.55 correlation means they provide meaningful diversification when combined. SPP1.DE charges 0.17%/yr vs 0.30%/yr for IQQ0.DE.
Performance
SPP1.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP1.DE achieves a 11.13% return, which is significantly higher than IQQ0.DE's 4.80% return.
SPP1.DE
- 1D
- 0.60%
- 1M
- 0.08%
- 6M
- 11.32%
- YTD
- 11.13%
- 1Y
- 22.91%
- 3Y*
- 18.01%
- 5Y*
- 10.21%
- 10Y*
- —
IQQ0.DE
- 1D
- 0.31%
- 1M
- 3.14%
- 6M
- 5.58%
- YTD
- 4.80%
- 1Y
- 5.54%
- 3Y*
- 7.57%
- 5Y*
- 6.03%
- 10Y*
- 6.54%
SPP1.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPP1.DE State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) | 11.13% | 17.43% | 19.40% | 19.48% | -17.94% | 21.52% | 10.80% | 7.73% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 4.80% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 0.54% |
Correlation
The correlation between SPP1.DE and IQQ0.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019 | 0.55 |
Over the past year, the correlation between SPP1.DE and IQQ0.DE has dropped to 0.13 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
SPP1.DE vs. IQQ0.DE — Risk / Return Rank
SPP1.DE
IQQ0.DE
SPP1.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.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.
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.
| SPP1.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.12 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.06 | +1.72 |
| Martin ratioReturn relative to average drawdown | 11.61 | 2.60 | +9.01 |
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Drawdowns
SPP1.DE vs. IQQ0.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, which is greater than IQQ0.DE's maximum drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and IQQ0.DE.
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Drawdown Indicators
| SPP1.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -28.64% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -5.22% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -12.82% | -4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -12.82% | -9.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.64% | — |
Current DrawdownCurrent decline from peak | -0.37% | -3.71% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -7.05% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.12% | -0.15% |
Volatility
SPP1.DE vs. IQQ0.DE - Volatility Comparison
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) has a higher volatility of 3.99% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.22%. This indicates that SPP1.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
| SPP1.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.22% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 5.55% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 7.87% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 10.09% | +4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 12.76% | +3.90% |
SPP1.DE vs. IQQ0.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
SPP1.DE vs. IQQ0.DE - Dividend Comparison
Neither SPP1.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and IQQ0.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPP1.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP1.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for IQQ0.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.17% for SPP1.DE and 0.30% for IQQ0.DE.
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