SPYI.DE vs. IQQ0.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - SPYI.DE tracks the MSCI All Country World Investable Market (ACWI IMI) while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 10 years, SPYI.DE returned 12.12%/yr vs 6.81%/yr for IQQ0.DE. A 0.69 correlation means they provide meaningful diversification when combined. SPYI.DE charges 0.17%/yr vs 0.30%/yr for IQQ0.DE.
Performance
SPYI.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYI.DE achieves a 13.27% return, which is significantly higher than IQQ0.DE's 1.59% return. Over the past 10 years, SPYI.DE has outperformed IQQ0.DE with an annualized return of 12.12%, while IQQ0.DE has yielded a comparatively lower 6.81% annualized return.
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
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%
SPYI.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
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 SPYI.DE and IQQ0.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2013 | 0.69 |
Over the past year, the correlation between SPYI.DE and IQQ0.DE has dropped to 0.33 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
SPYI.DE vs. IQQ0.DE — Risk / Return Rank
SPYI.DE
IQQ0.DE
SPYI.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| SPYI.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.00 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | -0.05 | +4.37 |
| Martin ratioReturn relative to average drawdown | 17.43 | -0.12 | +17.55 |
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
| SPYI.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | -0.04 | +2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.60 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.58 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.76 | +0.08 |
Drawdowns
SPYI.DE vs. IQQ0.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, 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 SPYI.DE and IQQ0.DE.
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Drawdown Indicators
| SPYI.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -28.65% | -5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -5.22% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -12.82% | -8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -12.82% | -8.84% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | -28.65% | -5.95% |
Current DrawdownCurrent decline from peak | -0.56% | -6.65% | +6.09% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -4.54% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.44% | -0.85% |
Volatility
SPYI.DE vs. IQQ0.DE - Volatility Comparison
SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a higher volatility of 3.11% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that SPYI.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
| SPYI.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 2.53% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 5.36% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 7.78% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 10.08% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 11.62% | +3.56% |
SPYI.DE vs. IQQ0.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
SPYI.DE vs. IQQ0.DE - Dividend Comparison
Neither SPYI.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and IQQ0.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for IQQ0.DE.
SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), 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 SPYI.DE and 0.30% for IQQ0.DE.
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