EUNN.DE vs. QDVA.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, EUNN.DE returned 9.71%/yr vs 15.30%/yr for QDVA.DE. A 0.54 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.20%/yr for QDVA.DE.
Performance
EUNN.DE vs. QDVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 16.13% return, which is significantly lower than QDVA.DE's 31.46% return.
EUNN.DE
- 1D
- 2.38%
- 1M
- 0.76%
- YTD
- 16.13%
- 6M
- 16.84%
- 1Y
- 31.11%
- 3Y*
- 14.25%
- 5Y*
- 9.71%
- 10Y*
- 9.35%
QDVA.DE
- 1D
- 3.87%
- 1M
- 8.17%
- YTD
- 31.46%
- 6M
- 34.06%
- 1Y
- 41.31%
- 3Y*
- 28.53%
- 5Y*
- 15.30%
- 10Y*
- —
EUNN.DE vs. QDVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.13% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 31.46% | 5.15% | 39.98% | 5.96% | -13.64% | 22.86% | 17.47% | 31.11% | 1.04% | 20.37% |
Correlation
The correlation between EUNN.DE and QDVA.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.54 |
The correlation between EUNN.DE and QDVA.DE has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. QDVA.DE — Risk / Return Rank
EUNN.DE
QDVA.DE
EUNN.DE vs. QDVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
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.
| EUNN.DE | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 4.33 | -1.10 |
| Martin ratioReturn relative to average drawdown | 10.80 | 13.88 | -3.08 |
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Drawdowns
EUNN.DE vs. QDVA.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, smaller than the maximum QDVA.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and QDVA.DE.
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Drawdown Indicators
| EUNN.DE | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -33.33% | +4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -9.50% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -25.56% | +9.75% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -25.56% | +6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -1.01% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -6.95% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.97% | -0.10% |
Volatility
EUNN.DE vs. QDVA.DE - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 4.18%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 8.61%. This indicates that EUNN.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
| EUNN.DE | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 8.61% | -4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 16.57% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 19.56% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 19.26% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 19.34% | -3.25% |
EUNN.DE vs. QDVA.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than QDVA.DE's 0.20% 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
EUNN.DE vs. QDVA.DE - Dividend Comparison
Neither EUNN.DE nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and QDVA.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for QDVA.DE.
EUNN.DE is categorized as Japan Equities, while QDVA.DE is Momentum. EUNN.DE tracks MSCI Japan IMI, while QDVA.DE tracks MSCI USA Momentum Index. Their fees differ too: 0.12% for EUNN.DE and 0.20% for QDVA.DE.
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