AYEU.DE vs. QDVE.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - AYEU.DE is a Global Equities fund tracking the STOXX Global Smart City Infrastructure Index, 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, AYEU.DE returned 9.09%/yr vs 22.04%/yr for QDVE.DE. A 0.71 correlation means they provide meaningful diversification when combined. AYEU.DE charges 0.40%/yr vs 0.15%/yr for QDVE.DE.
Performance
AYEU.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly lower than QDVE.DE's 19.14% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
QDVE.DE
- 1D
- 0.35%
- 1M
- -6.14%
- 6M
- 19.97%
- YTD
- 19.14%
- 1Y
- 36.05%
- 3Y*
- 28.01%
- 5Y*
- 22.04%
- 10Y*
- 25.61%
AYEU.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 15.64% | -17.79% | 20.32% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 19.14% | 10.01% | 46.09% | 54.17% | -25.82% | 37.36% |
Correlation
The correlation between AYEU.DE and QDVE.DE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.71 |
The correlation between AYEU.DE and QDVE.DE has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
AYEU.DE vs. QDVE.DE — Risk / Return Rank
AYEU.DE
QDVE.DE
AYEU.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AYEU.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.30 | +0.52 |
| Martin ratioReturn relative to average drawdown | 9.05 | 5.80 | +3.26 |
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Drawdowns
AYEU.DE vs. QDVE.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum QDVE.DE drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and QDVE.DE.
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Drawdown Indicators
| AYEU.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -31.40% | +9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -15.60% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -29.81% | +8.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -29.81% | +7.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.40% | — |
Current DrawdownCurrent decline from peak | -3.25% | -6.91% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -5.80% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 6.20% | -3.70% |
Volatility
AYEU.DE vs. QDVE.DE - Volatility Comparison
The current volatility for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) is 5.11%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.99%. This indicates that AYEU.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
| AYEU.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 7.99% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 15.87% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 21.50% | -5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 22.89% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 21.80% | -5.93% |
AYEU.DE vs. QDVE.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
AYEU.DE vs. QDVE.DE - Dividend Comparison
Neither AYEU.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and QDVE.DE have a correlation of 0.64, 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 0.40% for AYEU.DE.
AYEU.DE is categorized as Global Equities, while QDVE.DE is Technology Equities. AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.40% for AYEU.DE and 0.15% for QDVE.DE.
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