H4Z3.DE vs. QDVE.DE
H4Z3.DE (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - H4Z3.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, 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 3 years, H4Z3.DE returned 20.42%/yr vs 30.81%/yr for QDVE.DE. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
H4Z3.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4Z3.DE achieves a 27.75% return, which is significantly higher than QDVE.DE's 24.06% return.
H4Z3.DE
- 1D
- -1.67%
- 1M
- 3.67%
- YTD
- 27.75%
- 6M
- 28.22%
- 1Y
- 49.05%
- 3Y*
- 20.42%
- 5Y*
- —
- 10Y*
- —
QDVE.DE
- 1D
- -2.26%
- 1M
- 13.91%
- YTD
- 24.06%
- 6M
- 23.05%
- 1Y
- 49.27%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
H4Z3.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 27.75% | 18.60% | 13.73% | 4.66% | -6.26% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -10.89% |
Correlation
The correlation between H4Z3.DE and QDVE.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.52 |
The correlation between H4Z3.DE and QDVE.DE shifts across timeframes, from 0.52 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
H4Z3.DE vs. QDVE.DE — Risk / Return Rank
H4Z3.DE
QDVE.DE
H4Z3.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.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.
| H4Z3.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.39 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 3.14 | +1.62 |
| Martin ratioReturn relative to average drawdown | 17.12 | 8.31 | +8.81 |
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
| H4Z3.DE | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.40 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.07 | -0.16 |
Drawdowns
H4Z3.DE vs. QDVE.DE - Drawdown Comparison
The maximum H4Z3.DE drawdown since its inception was -18.86%, smaller than the maximum QDVE.DE drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for H4Z3.DE and QDVE.DE.
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Drawdown Indicators
| H4Z3.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.86% | -31.45% | +12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -15.59% | +5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -29.83% | +10.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -2.73% | -3.08% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -5.80% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 5.91% | -2.99% |
Volatility
H4Z3.DE vs. QDVE.DE - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) have volatilities of 7.35% and 7.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4Z3.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.35% | 7.12% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.91% | 14.85% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 20.42% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 22.71% | -6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 21.73% | -5.96% |
H4Z3.DE vs. QDVE.DE - Expense Ratio Comparison
Both H4Z3.DE and QDVE.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
H4Z3.DE vs. QDVE.DE - Dividend Comparison
Neither H4Z3.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z3.DE and QDVE.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z3.DE and QDVE.DE have the same expense ratio: 0.15% per year.
H4Z3.DE is categorized as Emerging Markets Equities, while QDVE.DE is Technology Equities. H4Z3.DE tracks MSCI Emerging Markets, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: HSBC and iShares.
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