IBC4.DE vs. QDVE.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - IBC4.DE is a Emerging Markets Equities fund tracking the MSCI South Africa Capped Index, 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 10 years, IBC4.DE returned 7.19%/yr vs 25.61%/yr for QDVE.DE. At a 0.40 correlation, their price movements are largely independent. IBC4.DE charges 0.65%/yr vs 0.15%/yr for QDVE.DE.
Performance
IBC4.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC4.DE achieves a -1.83% return, which is significantly lower than QDVE.DE's 19.14% return. Over the past 10 years, IBC4.DE has underperformed QDVE.DE with an annualized return of 7.19%, while QDVE.DE has yielded a comparatively higher 25.61% annualized return.
IBC4.DE
- 1D
- 0.65%
- 1M
- -0.00%
- 6M
- -2.26%
- YTD
- -1.83%
- 1Y
- 32.92%
- 3Y*
- 22.90%
- 5Y*
- 11.49%
- 10Y*
- 7.19%
QDVE.DE
- 1D
- 0.35%
- 1M
- -6.14%
- 6M
- 19.97%
- YTD
- 19.14%
- 1Y
- 36.05%
- 3Y*
- 28.01%
- 5Y*
- 22.04%
- 10Y*
- 25.61%
IBC4.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | -1.83% | 57.35% | 14.83% | -3.10% | 1.72% | 12.68% | -11.83% | 12.46% | -21.79% | 19.74% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 19.14% | 10.01% | 46.09% | 54.17% | -25.82% | 46.74% | 29.67% | 53.89% | 3.09% | 20.90% |
Correlation
The correlation between IBC4.DE and QDVE.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.40 |
The correlation between IBC4.DE and QDVE.DE shifts across timeframes, from 0.28 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC4.DE vs. QDVE.DE — Risk / Return Rank
IBC4.DE
QDVE.DE
IBC4.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.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.
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.
| IBC4.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.30 | -0.78 |
| Martin ratioReturn relative to average drawdown | 3.57 | 5.80 | -2.23 |
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Drawdowns
IBC4.DE vs. QDVE.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than QDVE.DE's maximum drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and QDVE.DE.
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Drawdown Indicators
| IBC4.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -31.40% | -24.08% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -15.60% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -29.81% | +8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -29.81% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -31.40% | -24.08% |
Current DrawdownCurrent decline from peak | -16.46% | -6.91% | -9.55% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -5.80% | -11.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 6.20% | +3.01% |
Volatility
IBC4.DE vs. QDVE.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) have volatilities of 8.06% and 7.99%, 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
| IBC4.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 7.99% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 15.87% | +9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 21.50% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 22.89% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 21.80% | +6.04% |
IBC4.DE vs. QDVE.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
IBC4.DE vs. QDVE.DE - Dividend Comparison
Neither IBC4.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC4.DE and QDVE.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for IBC4.DE.
IBC4.DE is categorized as Emerging Markets Equities, while QDVE.DE is Technology Equities. IBC4.DE tracks MSCI South Africa Capped Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.65% for IBC4.DE and 0.15% for QDVE.DE.
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