SPYY.DE vs. IQQ0.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - SPYY.DE tracks the MSCI All Country World (ACWI) while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 10 years, SPYY.DE returned 12.40%/yr vs 6.81%/yr for IQQ0.DE. A 0.72 correlation means they provide meaningful diversification when combined. SPYY.DE charges 0.40%/yr vs 0.30%/yr for IQQ0.DE.
Performance
SPYY.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYY.DE achieves a 12.54% return, which is significantly higher than IQQ0.DE's 1.59% return. Over the past 10 years, SPYY.DE has outperformed IQQ0.DE with an annualized return of 12.40%, while IQQ0.DE has yielded a comparatively lower 6.81% annualized return.
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
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%
SPYY.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
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 SPYY.DE and IQQ0.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2013 | 0.72 |
Over the past year, the correlation between SPYY.DE and IQQ0.DE has dropped to 0.32 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
SPYY.DE vs. IQQ0.DE — Risk / Return Rank
SPYY.DE
IQQ0.DE
SPYY.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.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.
| SPYY.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.00 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | -0.05 | +4.16 |
| Martin ratioReturn relative to average drawdown | 16.60 | -0.12 | +16.72 |
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
| SPYY.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | -0.04 | +2.36 |
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 | 0.82 | 0.58 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.76 | +0.07 |
Drawdowns
SPYY.DE vs. IQQ0.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, 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 SPYY.DE and IQQ0.DE.
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Drawdown Indicators
| SPYY.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -28.65% | -4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -5.22% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -12.82% | -8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -12.82% | -8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | -28.65% | -4.84% |
Current DrawdownCurrent decline from peak | -0.61% | -6.65% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -4.54% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.44% | -0.83% |
Volatility
SPYY.DE vs. IQQ0.DE - Volatility Comparison
SPDR MSCI ACWI UCITS ETF (SPYY.DE) has a higher volatility of 3.05% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that SPYY.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
| SPYY.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.53% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 5.36% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 7.78% | +3.69% |
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 | 15.07% | 11.62% | +3.45% |
SPYY.DE vs. IQQ0.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is higher than IQQ0.DE's 0.30% expense ratio.
Dividends
SPYY.DE vs. IQQ0.DE - Dividend Comparison
Neither SPYY.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYY.DE and IQQ0.DE have a correlation of 0.32, 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 0.40% for SPYY.DE.
SPYY.DE tracks MSCI All Country World (ACWI), while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SPYY.DE and 0.30% for IQQ0.DE.
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