EUNZ.DE vs. QDVA.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both exchange-traded funds - EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility, while QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, EUNZ.DE returned 6.51%/yr vs 15.30%/yr for QDVA.DE. A 0.57 correlation means they provide meaningful diversification when combined. EUNZ.DE charges 0.40%/yr vs 0.20%/yr for QDVA.DE.
Performance
EUNZ.DE vs. QDVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNZ.DE achieves a 19.80% return, which is significantly lower than QDVA.DE's 31.46% return.
EUNZ.DE
- 1D
- 2.18%
- 1M
- 4.10%
- YTD
- 19.80%
- 6M
- 21.27%
- 1Y
- 23.44%
- 3Y*
- 11.22%
- 5Y*
- 6.51%
- 10Y*
- 6.51%
QDVA.DE
- 1D
- 3.87%
- 1M
- 8.17%
- YTD
- 31.46%
- 6M
- 34.06%
- 1Y
- 41.31%
- 3Y*
- 28.53%
- 5Y*
- 15.30%
- 10Y*
- —
EUNZ.DE vs. QDVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 19.80% | -0.12% | 15.71% | 3.83% | -8.85% | 13.09% | -2.49% | 10.54% | -1.87% | 11.39% |
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 EUNZ.DE and QDVA.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.57 |
The correlation between EUNZ.DE and QDVA.DE shifts across timeframes, from 0.50 (5 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNZ.DE vs. QDVA.DE — Risk / Return Rank
EUNZ.DE
QDVA.DE
EUNZ.DE vs. QDVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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.
| EUNZ.DE | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.33 | -1.22 |
| Martin ratioReturn relative to average drawdown | 10.82 | 13.88 | -3.05 |
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Drawdowns
EUNZ.DE vs. QDVA.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -34.03%, roughly equal to the maximum QDVA.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and QDVA.DE.
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Drawdown Indicators
| EUNZ.DE | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.03% | -33.33% | -0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -9.50% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -25.56% | +11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -25.56% | +11.56% |
Max Drawdown (10Y)Largest decline over 10 years | -26.16% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.01% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -6.95% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.97% | -0.81% |
Volatility
EUNZ.DE vs. QDVA.DE - Volatility Comparison
The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) is 4.83%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 8.61%. This indicates that EUNZ.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
| EUNZ.DE | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 8.61% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 16.57% | -5.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 19.56% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 19.26% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.30% | 19.34% | -6.04% |
EUNZ.DE vs. QDVA.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is higher than QDVA.DE's 0.20% expense ratio.
Dividends
EUNZ.DE vs. QDVA.DE - Dividend Comparison
Neither EUNZ.DE nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNZ.DE and QDVA.DE have a correlation of 0.65, 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 0.40% for EUNZ.DE.
EUNZ.DE is categorized as Emerging Markets Equities, while QDVA.DE is Momentum. EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while QDVA.DE tracks MSCI USA Momentum Index. Their fees differ too: 0.40% for EUNZ.DE and 0.20% for QDVA.DE.
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