DBZB.DE vs. QDVA.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both exchange-traded funds - DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, DBZB.DE returned -2.54%/yr vs 15.17%/yr for QDVA.DE. At a correlation of -0.08, they often move in opposite directions. DBZB.DE charges 0.25%/yr vs 0.20%/yr for QDVA.DE.
Performance
DBZB.DE vs. QDVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.71% return, which is significantly lower than QDVA.DE's 30.20% return.
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.28%
- YTD
- -0.71%
- 6M
- -0.77%
- 1Y
- -0.07%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
QDVA.DE
- 1D
- -2.00%
- 1M
- 10.68%
- YTD
- 30.20%
- 6M
- 29.85%
- 1Y
- 37.18%
- 3Y*
- 28.68%
- 5Y*
- 15.17%
- 10Y*
- —
DBZB.DE vs. QDVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | -0.36% | -0.12% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 30.20% | 5.11% | 40.00% | 5.98% | -13.66% | 22.93% | 17.39% | 31.13% | 1.12% | 20.30% |
Correlation
The correlation between DBZB.DE and QDVA.DE is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | -0.08 |
The correlation between DBZB.DE and QDVA.DE shifts across timeframes, from -0.08 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBZB.DE vs. QDVA.DE — Risk / Return Rank
DBZB.DE
QDVA.DE
DBZB.DE vs. QDVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) and iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.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.
| DBZB.DE | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.89 | -3.90 |
| Martin ratioReturn relative to average drawdown | -0.04 | 12.67 | -12.72 |
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
| DBZB.DE | QDVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.96 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.79 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.83 | -0.61 |
Drawdowns
DBZB.DE vs. QDVA.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum QDVA.DE drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and QDVA.DE.
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Drawdown Indicators
| DBZB.DE | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -33.34% | +11.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -9.48% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -25.56% | +20.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -25.56% | +6.05% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | — | — |
Current DrawdownCurrent decline from peak | -16.44% | -2.00% | -14.44% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -6.84% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.91% | -1.65% |
Volatility
DBZB.DE vs. QDVA.DE - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) is 1.48%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 7.65%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than QDVA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBZB.DE | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 7.65% | -6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 15.66% | -12.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 18.82% | -14.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 19.11% | -13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 19.19% | -14.45% |
DBZB.DE vs. QDVA.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than QDVA.DE's 0.20% 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
DBZB.DE vs. QDVA.DE - Dividend Comparison
Neither DBZB.DE nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
DBZB.DE and QDVA.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE is categorized as Global Bonds, while QDVA.DE is Momentum. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while QDVA.DE tracks MSCI USA Momentum Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for DBZB.DE and 0.20% for QDVA.DE.
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