HDLV.L vs. QDVX.DE
HDLV.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist) and QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) are both exchange-traded funds - HDLV.L is a S&P 500 fund tracking the S&P 500 Low Volatility High Dividend Index, while QDVX.DE is a Europe Equities fund tracking the MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. Both are passively managed. Over the past 5 years, HDLV.L returned 5.80%/yr vs 9.47%/yr for QDVX.DE. A 0.57 correlation means they provide meaningful diversification when combined. HDLV.L charges 0.30%/yr vs 0.28%/yr for QDVX.DE.
Performance
HDLV.L vs. QDVX.DE - Performance Comparison
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Different Trading Currencies
HDLV.L is traded in USD, while QDVX.DE is traded in EUR. To make them comparable, the QDVX.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HDLV.L achieves a 8.12% return, which is significantly higher than QDVX.DE's 5.94% return.
HDLV.L
- 1D
- -0.62%
- 1M
- 4.80%
- YTD
- 8.12%
- 6M
- 8.21%
- 1Y
- 11.72%
- 3Y*
- 11.03%
- 5Y*
- 5.80%
- 10Y*
- 6.87%
QDVX.DE
- 1D
- 0.37%
- 1M
- 3.95%
- YTD
- 5.94%
- 6M
- 7.20%
- 1Y
- 11.99%
- 3Y*
- 13.88%
- 5Y*
- 9.47%
- 10Y*
- —
HDLV.L vs. QDVX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 8.12% | 3.58% | 16.39% | 1.20% | 0.44% | 24.81% | -10.91% | 18.81% | -7.12% | 7.16% |
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 5.94% | 25.64% | 4.46% | 18.85% | -4.73% | 9.47% | -1.22% | 24.03% | -10.89% | 7.10% |
Correlation
The correlation between HDLV.L and QDVX.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.57 |
The correlation between HDLV.L and QDVX.DE shifts across timeframes, from 0.41 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HDLV.L vs. QDVX.DE — Risk / Return Rank
HDLV.L
QDVX.DE
HDLV.L vs. QDVX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) and iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.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.
| HDLV.L | QDVX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.14 | +0.49 |
| Martin ratioReturn relative to average drawdown | 3.75 | 3.72 | +0.03 |
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Drawdowns
HDLV.L vs. QDVX.DE - Drawdown Comparison
The maximum HDLV.L drawdown since its inception was -41.00%, roughly equal to the maximum QDVX.DE drawdown of -39.78%. Use the drawdown chart below to compare losses from any high point for HDLV.L and QDVX.DE.
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Drawdown Indicators
| HDLV.L | QDVX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.00% | -39.78% | -1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -10.46% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -14.56% | -12.80% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.04% | -25.89% | +5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.00% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -1.14% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -5.86% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.20% | -0.08% |
Volatility
HDLV.L vs. QDVX.DE - Volatility Comparison
Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) and iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) have volatilities of 3.62% and 3.74%, 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
| HDLV.L | QDVX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.74% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 10.27% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 13.18% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 16.04% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 17.31% | -1.14% |
HDLV.L vs. QDVX.DE - Expense Ratio Comparison
HDLV.L has a 0.30% expense ratio, which is higher than QDVX.DE's 0.28% expense ratio.
Dividends
HDLV.L vs. QDVX.DE - Dividend Comparison
HDLV.L's dividend yield for the trailing twelve months is around 3.58%, more than QDVX.DE's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 3.58% | 3.91% | 3.54% | 4.04% | 3.56% | 3.37% | 4.35% | 3.69% | 3.79% | 3.07% | 3.07% | 1.89% |
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 3.13% | 3.02% | 3.11% | 3.58% | 4.25% | 4.50% | 3.25% | 4.45% | 5.20% | 0.74% | 0.00% | 0.00% |
Frequently Asked Questions
HDLV.L and QDVX.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVX.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVX.DE is cheaper with a 0.28% expense ratio, compared with 0.30% for HDLV.L.
HDLV.L is categorized as S&P 500, while QDVX.DE is Europe Equities. HDLV.L tracks S&P 500 Low Volatility High Dividend Index, while QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for HDLV.L and 0.28% for QDVX.DE.
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