EMNE.DE vs. QDVE.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - EMNE.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus CTB 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, EMNE.DE returned 10.53%/yr vs 21.74%/yr for QDVE.DE. A 0.51 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.15%/yr for QDVE.DE.
Performance
EMNE.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNE.DE achieves a 10.66% return, which is significantly lower than QDVE.DE's 19.81% return.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
QDVE.DE
- 1D
- -0.94%
- 1M
- -1.73%
- 6M
- 20.98%
- YTD
- 19.81%
- 1Y
- 33.38%
- 3Y*
- 28.43%
- 5Y*
- 21.74%
- 10Y*
- 25.07%
EMNE.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 19.81% | 10.01% | 46.09% | 54.17% | -25.82% | 46.74% | 29.67% | 33.16% |
Correlation
The correlation between EMNE.DE and QDVE.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.51 |
The correlation between EMNE.DE and QDVE.DE has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
EMNE.DE vs. QDVE.DE — Risk / Return Rank
EMNE.DE
QDVE.DE
EMNE.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
| EMNE.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.13 | -0.29 |
| Martin ratioReturn relative to average drawdown | 6.80 | 5.28 | +1.52 |
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Drawdowns
EMNE.DE vs. QDVE.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, which is greater than QDVE.DE's maximum drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and QDVE.DE.
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Drawdown Indicators
| EMNE.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -31.40% | -2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -15.60% | +4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -29.81% | +14.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -29.81% | +5.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.40% | — |
Current DrawdownCurrent decline from peak | -2.07% | -6.39% | +4.32% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -5.80% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 6.31% | -3.36% |
Volatility
EMNE.DE vs. QDVE.DE - Volatility Comparison
The current volatility for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) is 3.83%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.10%. This indicates that EMNE.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
| EMNE.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 7.10% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 16.44% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 21.89% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 22.97% | -6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 21.84% | -1.85% |
EMNE.DE vs. QDVE.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is lower than QDVE.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMNE.DE vs. QDVE.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, while QDVE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.37% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNE.DE and QDVE.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNE.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for QDVE.DE.
EMNE.DE is categorized as Europe Equities, while QDVE.DE is Technology Equities. EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.12% for EMNE.DE and 0.15% for QDVE.DE.
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