IAU vs. QDVX.DE
IAU (iShares Gold Trust) and QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, 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, IAU returned 18.47%/yr vs 9.47%/yr for QDVX.DE. At a 0.23 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 0.28%/yr for QDVX.DE.
Performance
IAU vs. QDVX.DE - Performance Comparison
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Different Trading Currencies
IAU 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, IAU achieves a 0.11% return, which is significantly lower than QDVX.DE's 5.94% return.
IAU
- 1D
- 2.61%
- 1M
- -4.97%
- YTD
- 0.11%
- 6M
- 0.22%
- 1Y
- 25.52%
- 3Y*
- 29.91%
- 5Y*
- 18.47%
- 10Y*
- 12.49%
QDVX.DE
- 1D
- 0.37%
- 1M
- 3.95%
- YTD
- 5.94%
- 6M
- 7.20%
- 1Y
- 11.99%
- 3Y*
- 13.88%
- 5Y*
- 9.47%
- 10Y*
- —
IAU vs. QDVX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.11% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 2.54% |
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 IAU and QDVX.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.23 |
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Return for Risk
IAU vs. QDVX.DE — Risk / Return Rank
IAU
QDVX.DE
IAU vs. QDVX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) 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.
| IAU | QDVX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.14 | -0.09 |
| Martin ratioReturn relative to average drawdown | 3.00 | 3.72 | -0.72 |
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Drawdowns
IAU vs. QDVX.DE - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, which is greater than QDVX.DE's maximum drawdown of -39.78%. Use the drawdown chart below to compare losses from any high point for IAU and QDVX.DE.
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Drawdown Indicators
| IAU | QDVX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -39.78% | -5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -10.46% | -13.94% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -12.80% | -11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -25.89% | +1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | — | — |
Current DrawdownCurrent decline from peak | -20.00% | -1.14% | -18.86% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -5.86% | -10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.56% | 3.20% | +5.36% |
Volatility
IAU vs. QDVX.DE - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 8.29% compared to iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) at 3.74%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than QDVX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAU | QDVX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 3.74% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 24.06% | 10.27% | +13.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.29% | 13.18% | +14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 16.04% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 17.31% | -1.27% |
IAU vs. QDVX.DE - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is lower than QDVX.DE's 0.28% expense ratio.
Dividends
IAU vs. QDVX.DE - Dividend Comparison
IAU has not paid dividends to shareholders, while QDVX.DE's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
IAU and QDVX.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAU is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAU is cheaper with a 0.25% expense ratio, compared with 0.28% for QDVX.DE.
IAU is categorized as Gold, while QDVX.DE is Europe Equities. IAU tracks LBMA Gold Price, while QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. Their fees differ too: 0.25% for IAU and 0.28% for QDVX.DE.
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