IBCZ.DE vs. QDVE.DE
IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - IBCZ.DE is a Global Equities fund tracking the MSCI World Diversified Multiple-Factor, 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, IBCZ.DE returned 11.45%/yr vs 26.04%/yr for QDVE.DE. A 0.80 correlation means they provide meaningful diversification when combined. IBCZ.DE charges 0.50%/yr vs 0.15%/yr for QDVE.DE.
Performance
IBCZ.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCZ.DE achieves a 13.04% return, which is significantly lower than QDVE.DE's 24.06% return. Over the past 10 years, IBCZ.DE has underperformed QDVE.DE with an annualized return of 11.45%, while QDVE.DE has yielded a comparatively higher 26.04% annualized return.
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.84%
- YTD
- 13.04%
- 6M
- 13.70%
- 1Y
- 27.80%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
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%
IBCZ.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -10.83% | 31.27% | 0.44% | 24.79% | -8.31% | 11.03% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -25.83% | 46.77% | 29.69% | 53.86% | 3.04% | 21.00% |
Correlation
The correlation between IBCZ.DE and QDVE.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.80 |
The correlation between IBCZ.DE and QDVE.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
IBCZ.DE vs. QDVE.DE — Risk / Return Rank
IBCZ.DE
QDVE.DE
IBCZ.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.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.
| IBCZ.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 3.14 | +2.09 |
| Martin ratioReturn relative to average drawdown | 20.97 | 8.31 | +12.66 |
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
| IBCZ.DE | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.40 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.10 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 1.19 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.07 | -0.38 |
Drawdowns
IBCZ.DE vs. QDVE.DE - Drawdown Comparison
The maximum IBCZ.DE drawdown since its inception was -33.99%, which is greater than QDVE.DE's maximum drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for IBCZ.DE and QDVE.DE.
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Drawdown Indicators
| IBCZ.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -31.45% | -2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -15.59% | +10.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -29.83% | +9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -29.83% | +9.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -31.45% | -2.54% |
Current DrawdownCurrent decline from peak | -0.60% | -3.08% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -5.80% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 5.91% | -4.59% |
Volatility
IBCZ.DE vs. QDVE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) is 3.05%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.12%. This indicates that IBCZ.DE experiences smaller price fluctuations and is considered to be less risky than QDVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCZ.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 7.12% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 14.85% | -6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 20.42% | -9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 22.71% | -8.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 21.73% | -6.60% |
IBCZ.DE vs. QDVE.DE - Expense Ratio Comparison
IBCZ.DE has a 0.50% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
IBCZ.DE vs. QDVE.DE - Dividend Comparison
Neither IBCZ.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCZ.DE and QDVE.DE have a correlation of 0.77, 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 0.50% for IBCZ.DE.
IBCZ.DE is categorized as Global Equities, while QDVE.DE is Technology Equities. IBCZ.DE tracks MSCI World Diversified Multiple-Factor, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.50% for IBCZ.DE and 0.15% for QDVE.DE.
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