DBZB.DE vs. QDVI.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and QDVI.DE (iShares Edge MSCI USA Value 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 QDVI.DE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value. Both are passively managed. Over the past 5 years, DBZB.DE returned -2.54%/yr vs 17.11%/yr for QDVI.DE. At a correlation of -0.12, they often move in opposite directions. DBZB.DE charges 0.25%/yr vs 0.20%/yr for QDVI.DE.
Performance
DBZB.DE vs. QDVI.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 QDVI.DE's 49.34% return.
DBZB.DE
- 1D
- 0.15%
- 1M
- 0.28%
- YTD
- -0.71%
- 6M
- -1.15%
- 1Y
- -0.05%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
QDVI.DE
- 1D
- 0.22%
- 1M
- 17.95%
- YTD
- 49.34%
- 6M
- 52.54%
- 1Y
- 88.01%
- 3Y*
- 30.40%
- 5Y*
- 17.11%
- 10Y*
- —
DBZB.DE vs. QDVI.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% |
QDVI.DE iShares Edge MSCI USA Value Factor UCITS ETF | 49.34% | 18.60% | 12.66% | 10.72% | -9.98% | 41.21% | -10.84% | 29.80% | -8.02% | 6.93% |
Correlation
The correlation between DBZB.DE and QDVI.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | -0.12 |
The correlation between DBZB.DE and QDVI.DE shifts across timeframes, from -0.12 (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. QDVI.DE — Risk / Return Rank
DBZB.DE
QDVI.DE
DBZB.DE vs. QDVI.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 Value Factor UCITS ETF (QDVI.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 | QDVI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.52 | ||
| Sortino ratioReturn per unit of downside risk | -7.11 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.94 | -0.94 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 15.30 | -15.31 |
| Martin ratioReturn relative to average drawdown | -0.04 | 60.71 | -60.75 |
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 | QDVI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 5.50 | -5.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 1.01 | -1.48 |
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 | 0.76 | -0.54 |
Drawdowns
DBZB.DE vs. QDVI.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum QDVI.DE drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and QDVI.DE.
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Drawdown Indicators
| DBZB.DE | QDVI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -38.98% | +17.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -5.73% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -23.10% | +17.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -23.10% | +3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | — | — |
Current DrawdownCurrent decline from peak | -16.44% | 0.00% | -16.44% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -6.78% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.45% | -0.19% |
Volatility
DBZB.DE vs. QDVI.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 Value Factor UCITS ETF (QDVI.DE) has a volatility of 6.59%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than QDVI.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 | QDVI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 6.59% | -5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 12.30% | -9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 16.04% | -12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 16.79% | -11.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 18.70% | -13.96% |
DBZB.DE vs. QDVI.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than QDVI.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. QDVI.DE - Dividend Comparison
Neither DBZB.DE nor QDVI.DE has paid dividends to shareholders.
Frequently Asked Questions
DBZB.DE and QDVI.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, QDVI.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVI.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE is categorized as Global Bonds, while QDVI.DE is Large Cap Value Equities. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while QDVI.DE tracks MSCI USA Enhanced Value. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for DBZB.DE and 0.20% for QDVI.DE.
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