AYE2.DE vs. QDVE.DE
AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - AYE2.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, AYE2.DE returned 2.45%/yr vs 25.33%/yr for QDVE.DE. At a 0.43 correlation, their price movements are largely independent. AYE2.DE charges 0.25%/yr vs 0.15%/yr for QDVE.DE.
Performance
AYE2.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYE2.DE achieves a 0.71% return, which is significantly lower than QDVE.DE's 24.06% return.
AYE2.DE
- 1D
- -0.10%
- 1M
- 0.88%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 3.78%
- 3Y*
- 6.88%
- 5Y*
- 2.45%
- 10Y*
- —
QDVE.DE
- 1D
- -2.26%
- 1M
- 13.91%
- YTD
- 24.06%
- 6M
- 23.05%
- 1Y
- 49.27%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
AYE2.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.71% | 5.88% | 6.36% | 10.77% | -10.72% | 0.80% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -25.83% | 35.62% |
Correlation
The correlation between AYE2.DE and QDVE.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.43 |
The correlation between AYE2.DE and QDVE.DE shifts across timeframes, from 0.34 (3 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AYE2.DE vs. QDVE.DE — Risk / Return Rank
AYE2.DE
QDVE.DE
AYE2.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.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.
| AYE2.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.14 | -1.93 |
| Martin ratioReturn relative to average drawdown | 5.15 | 8.31 | -3.16 |
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
| AYE2.DE | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 2.40 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.10 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.07 | -0.62 |
Drawdowns
AYE2.DE vs. QDVE.DE - Drawdown Comparison
The maximum AYE2.DE drawdown since its inception was -16.48%, smaller than the maximum QDVE.DE drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and QDVE.DE.
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Drawdown Indicators
| AYE2.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -31.45% | +14.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -15.59% | +12.49% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -29.83% | +26.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -29.83% | +13.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -0.33% | -3.08% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -5.80% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 5.91% | -5.18% |
Volatility
AYE2.DE vs. QDVE.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) is 0.98%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.12%. This indicates that AYE2.DE experiences smaller price fluctuations and is considered to be less risky than QDVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYE2.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 7.12% | -6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 14.85% | -11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 20.42% | -16.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 22.71% | -17.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 21.73% | -16.47% |
AYE2.DE vs. QDVE.DE - Expense Ratio Comparison
AYE2.DE has a 0.25% expense ratio, which is higher than QDVE.DE's 0.15% 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
AYE2.DE vs. QDVE.DE - Dividend Comparison
Neither AYE2.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
AYE2.DE and QDVE.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for AYE2.DE.
AYE2.DE is categorized as European High Yield Bonds, while QDVE.DE is Technology Equities. AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.25% for AYE2.DE and 0.15% for QDVE.DE.
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