V3MA.DE vs. IQQE.DE

Last updated Jun 5, 2026

V3MA.DE (Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating) and IQQE.DE (iShares MSCI EM UCITS ETF (Dist)) are both Emerging Markets Equities funds - V3MA.DE tracks the FTSE Emerging All Cap Choice while IQQE.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past year, V3MA.DE returned 31.20% vs 49.76% for IQQE.DE. Their correlation of 0.92 suggests significant overlap in exposure. V3MA.DE charges 0.24%/yr vs 0.18%/yr for IQQE.DE.

Performance

V3MA.DE vs. IQQE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) and iShares MSCI EM UCITS ETF (Dist) (IQQE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V3MA.DE achieves a 16.20% return, which is significantly lower than IQQE.DE's 27.09% return.

V3MA.DE

• 1D: -0.58%
• 1M: 3.08%
• YTD: 16.20%
• 6M: 17.26%
• 1Y: 31.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQQE.DE

• 1D: -1.70%
• 1M: 6.32%
• YTD: 27.09%
• 6M: 28.99%
• 1Y: 49.76%
• 3Y*: 20.70%
• 5Y*: 8.39%
• 10Y*: 9.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

V3MA.DE vs. IQQE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating	16.20%	10.67%	1.36%
IQQE.DE iShares MSCI EM UCITS ETF (Dist)	27.09%	19.76%	-0.73%

Correlation

The correlation between V3MA.DE and IQQE.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024	0.92

The correlation between V3MA.DE and IQQE.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

V3MA.DE vs. IQQE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

V3MA.DE

V3MA.DE Risk / Return Rank: 64
V3MA.DE Sharpe Ratio Rank: 62
V3MA.DE Sortino Ratio Rank: 62
V3MA.DE Omega Ratio Rank: 62
V3MA.DE Calmar Ratio Rank: 70
V3MA.DE Martin Ratio Rank: 64

IQQE.DE

IQQE.DE Risk / Return Rank: 84
IQQE.DE Sharpe Ratio Rank: 86
IQQE.DE Sortino Ratio Rank: 84
IQQE.DE Omega Ratio Rank: 84
IQQE.DE Calmar Ratio Rank: 85
IQQE.DE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

V3MA.DE vs. IQQE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) and iShares MSCI EM UCITS ETF (Dist) (IQQE.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.

	V3MA.DE	IQQE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.78	-0.74
Sortino ratio: Return per unit of downside risk	2.86	3.70	-0.84
Omega ratio: Gain probability vs. loss probability	1.37	1.50	-0.13
Calmar ratio: Return relative to maximum drawdown	3.45	4.59	-1.14
Martin ratio: Return relative to average drawdown	11.63	16.67	-5.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3MA.DE vs. IQQE.DE - Sharpe Ratio Comparison

The current V3MA.DE Sharpe Ratio is 2.04, which is comparable to the IQQE.DE Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of V3MA.DE and IQQE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	V3MA.DE	IQQE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.78	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.27	+0.86

Drawdowns

V3MA.DE vs. IQQE.DE - Drawdown Comparison

The maximum V3MA.DE drawdown since its inception was -19.79%, smaller than the maximum IQQE.DE drawdown of -59.33%. Use the drawdown chart below to compare losses from any high point for V3MA.DE and IQQE.DE.

Drawdown Indicators

	V3MA.DE	IQQE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.79%	-59.33%	+39.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-10.78%	+1.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.66%	—
Current Drawdown Current decline from peak	-1.50%	-2.60%	+1.10%
Average Drawdown Average peak-to-trough decline	-3.29%	-12.99%	+9.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.98%	-0.30%

Volatility

V3MA.DE vs. IQQE.DE - Volatility Comparison

The current volatility for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) is 5.43%, while iShares MSCI EM UCITS ETF (Dist) (IQQE.DE) has a volatility of 7.24%. This indicates that V3MA.DE experiences smaller price fluctuations and is considered to be less risky than IQQE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V3MA.DE	IQQE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	7.24%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	15.03%	-2.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	17.83%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	16.78%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	18.33%	-1.50%

V3MA.DE vs. IQQE.DE - Expense Ratio Comparison

V3MA.DE has a 0.24% expense ratio, which is higher than IQQE.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

V3MA.DE vs. IQQE.DE - Dividend Comparison

V3MA.DE has not paid dividends to shareholders, while IQQE.DE's dividend yield for the trailing twelve months is around 1.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQQE.DE iShares MSCI EM UCITS ETF (Dist)	1.49%	1.87%	2.19%	2.34%	2.91%	1.99%	1.53%	1.75%	1.94%	1.42%	1.83%	2.22%
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both V3MA.DE and IQQE.DE in my portfolio?

With a correlation of 0.95, V3MA.DE and IQQE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, V3MA.DE or IQQE.DE?

On fees, IQQE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, V3MA.DE or IQQE.DE?

IQQE.DE is cheaper with a 0.18% expense ratio, compared with 0.24% for V3MA.DE.

What is the main difference between V3MA.DE and IQQE.DE?

V3MA.DE tracks FTSE Emerging All Cap Choice, while IQQE.DE tracks MSCI Emerging Markets. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3MA.DE and 0.18% for IQQE.DE.