VHVE.L vs. IQQ0.DE
VHVE.L (Vanguard FTSE Developed World UCITS ETF USD Acc) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - VHVE.L tracks the FTSE Developed while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, VHVE.L returned 12.10%/yr vs 5.16%/yr for IQQ0.DE. A 0.66 correlation means they provide meaningful diversification when combined. VHVE.L charges 0.12%/yr vs 0.30%/yr for IQQ0.DE.
Performance
VHVE.L vs. IQQ0.DE - Performance Comparison
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Different Trading Currencies
VHVE.L is traded in USD, while IQQ0.DE is traded in EUR. To make them comparable, the IQQ0.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VHVE.L achieves a 11.59% return, which is significantly higher than IQQ0.DE's 0.43% return.
VHVE.L
- 1D
- -0.07%
- 1M
- 4.47%
- YTD
- 11.59%
- 6M
- 12.99%
- 1Y
- 28.64%
- 3Y*
- 21.52%
- 5Y*
- 12.10%
- 10Y*
- —
IQQ0.DE
- 1D
- 0.11%
- 1M
- 0.80%
- YTD
- 0.43%
- 6M
- 1.44%
- 1Y
- 1.43%
- 3Y*
- 9.26%
- 5Y*
- 5.16%
- 10Y*
- 7.05%
VHVE.L vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VHVE.L Vanguard FTSE Developed World UCITS ETF USD Acc | 11.59% | 22.18% | 17.93% | 24.66% | -18.06% | 21.15% | 16.52% | 8.50% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 0.43% | 11.47% | 10.91% | 7.01% | -9.61% | 14.46% | 2.34% | 2.87% |
Correlation
The correlation between VHVE.L and IQQ0.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 | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.66 |
Over the past year, the correlation between VHVE.L and IQQ0.DE has dropped to 0.34 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
VHVE.L vs. IQQ0.DE — Risk / Return Rank
VHVE.L
IQQ0.DE
VHVE.L vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) 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.
| VHVE.L | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.04 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 0.25 | +3.10 |
| Martin ratioReturn relative to average drawdown | 14.41 | 0.60 | +13.81 |
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
| VHVE.L | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 0.18 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.47 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.68 | +0.17 |
Drawdowns
VHVE.L vs. IQQ0.DE - Drawdown Comparison
The maximum VHVE.L drawdown since its inception was -33.60%, which is greater than IQQ0.DE's maximum drawdown of -29.16%. Use the drawdown chart below to compare losses from any high point for VHVE.L and IQQ0.DE.
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Drawdown Indicators
| VHVE.L | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -29.16% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -5.76% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -9.17% | -7.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.08% | -18.46% | -7.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.16% | — |
Current DrawdownCurrent decline from peak | -0.66% | -3.87% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -3.30% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.38% | -0.40% |
Volatility
VHVE.L vs. IQQ0.DE - Volatility Comparison
Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) has a higher volatility of 3.64% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.22%. This indicates that VHVE.L'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
| VHVE.L | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 2.22% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 5.53% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 7.98% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 10.96% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 12.04% | +5.47% |
VHVE.L vs. IQQ0.DE - Expense Ratio Comparison
VHVE.L has a 0.12% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
VHVE.L vs. IQQ0.DE - Dividend Comparison
Neither VHVE.L nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
VHVE.L and IQQ0.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, VHVE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHVE.L is cheaper with a 0.12% expense ratio, compared with 0.30% for IQQ0.DE.
VHVE.L tracks FTSE Developed, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VHVE.L and 0.30% for IQQ0.DE.
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