INRA.AS vs. QDVE.DE
INRA.AS (iShares Global Clean Energy Transition UCITS ETF USD Accumulating) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - INRA.AS is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Transition, 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, INRA.AS returned 5.36%/yr vs 30.73%/yr for QDVE.DE. At a 0.41 correlation, their price movements are largely independent. INRA.AS charges 0.65%/yr vs 0.15%/yr for QDVE.DE.
Performance
INRA.AS vs. QDVE.DE - Performance Comparison
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Different Trading Currencies
INRA.AS is traded in USD, while QDVE.DE is traded in EUR. To make them comparable, the QDVE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, INRA.AS achieves a 22.97% return, which is significantly higher than QDVE.DE's 14.47% return.
INRA.AS
- 1D
- -3.10%
- 1M
- -11.17%
- YTD
- 22.97%
- 6M
- 21.92%
- 1Y
- 58.46%
- 3Y*
- 5.36%
- 5Y*
- —
- 10Y*
- —
QDVE.DE
- 1D
- -1.77%
- 1M
- -4.10%
- YTD
- 14.47%
- 6M
- 14.28%
- 1Y
- 35.03%
- 3Y*
- 30.73%
- 5Y*
- 21.47%
- 10Y*
- 26.32%
INRA.AS vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INRA.AS iShares Global Clean Energy Transition UCITS ETF USD Accumulating | 22.97% | 45.54% | -25.66% | -20.50% | 28.36% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 14.47% | 24.19% | 37.73% | 59.04% | -18.05% |
Correlation
The correlation between INRA.AS and QDVE.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2022 | 0.41 |
The correlation between INRA.AS and QDVE.DE shifts across timeframes, from 0.34 (3 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
INRA.AS vs. QDVE.DE — Risk / Return Rank
INRA.AS
QDVE.DE
INRA.AS vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) 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.
| INRA.AS | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 2.12 | +1.75 |
| Martin ratioReturn relative to average drawdown | 12.89 | 6.10 | +6.79 |
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Drawdowns
INRA.AS vs. QDVE.DE - Drawdown Comparison
The maximum INRA.AS drawdown since its inception was -54.27%, which is greater than QDVE.DE's maximum drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for INRA.AS and QDVE.DE.
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Drawdown Indicators
| INRA.AS | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -33.59% | -20.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.90% | -16.48% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -43.77% | -26.14% | -17.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.59% | — |
Current DrawdownCurrent decline from peak | -13.69% | -9.66% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -28.56% | -5.95% | -22.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 5.73% | -1.23% |
Volatility
INRA.AS vs. QDVE.DE - Volatility Comparison
iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) has a higher volatility of 10.31% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 8.87%. This indicates that INRA.AS's price experiences larger fluctuations and is considered to be riskier 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
| INRA.AS | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 8.87% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 21.21% | 16.21% | +5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.68% | 21.38% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.04% | 23.58% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.04% | 22.08% | +6.96% |
INRA.AS vs. QDVE.DE - Expense Ratio Comparison
INRA.AS has a 0.65% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
INRA.AS vs. QDVE.DE - Dividend Comparison
Neither INRA.AS nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
INRA.AS and QDVE.DE have a correlation of 0.52, 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 INRA.AS.
INRA.AS is categorized as Alternative Energy Equities, while QDVE.DE is Technology Equities. INRA.AS tracks S&P Global Clean Energy Transition, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.65% for INRA.AS and 0.15% for QDVE.DE.
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