IS04.DE vs. QDVP.DE
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and QDVP.DE (iShares US Mortgage Backed Securities UCITS ETF) are both exchange-traded funds - IS04.DE is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while QDVP.DE is a Mortgage Backed Securities fund tracking the Bloomberg US Mortgage Backed Securities Index. Both are passively managed. Over the past 10 years, IS04.DE returned -2.08%/yr vs 0.76%/yr for QDVP.DE. A 0.62 correlation means they provide meaningful diversification when combined. IS04.DE charges 0.07%/yr vs 0.28%/yr for QDVP.DE.
Performance
IS04.DE vs. QDVP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS04.DE achieves a 5.35% return, which is significantly higher than QDVP.DE's 4.16% return. Over the past 10 years, IS04.DE has underperformed QDVP.DE with an annualized return of -2.08%, while QDVP.DE has yielded a comparatively higher 0.76% annualized return.
IS04.DE
- 1D
- 0.00%
- 1M
- 5.35%
- YTD
- 5.35%
- 6M
- 5.74%
- 1Y
- 7.72%
- 3Y*
- -2.70%
- 5Y*
- -5.14%
- 10Y*
- -2.08%
QDVP.DE
- 1D
- -0.27%
- 1M
- 3.02%
- YTD
- 4.16%
- 6M
- 4.75%
- 1Y
- 7.86%
- 3Y*
- 2.71%
- 5Y*
- 1.22%
- 10Y*
- 0.76%
IS04.DE vs. QDVP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 5.35% | -7.08% | -2.45% | -1.26% | -25.93% | 3.50% | 6.45% | 18.16% | 2.87% | -4.41% |
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 4.16% | -3.57% | 7.18% | 0.06% | -5.92% | 6.57% | -5.44% | 9.03% | 4.88% | -9.97% |
Correlation
The correlation between IS04.DE and QDVP.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.62 |
The correlation between IS04.DE and QDVP.DE has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
IS04.DE vs. QDVP.DE — Risk / Return Rank
IS04.DE
QDVP.DE
IS04.DE vs. QDVP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) and iShares US Mortgage Backed Securities UCITS ETF (QDVP.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.
| IS04.DE | QDVP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.20 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.21 | 6.13 | -3.93 |
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Drawdowns
IS04.DE vs. QDVP.DE - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, which is greater than QDVP.DE's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for IS04.DE and QDVP.DE.
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Drawdown Indicators
| IS04.DE | QDVP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -21.26% | -25.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -3.55% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -11.18% | -7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -39.96% | -14.99% | -24.97% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | -21.26% | -25.93% |
Current DrawdownCurrent decline from peak | -41.19% | -5.25% | -35.94% |
Average DrawdownAverage peak-to-trough decline | -22.82% | -9.66% | -13.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 1.28% | +2.21% |
Volatility
IS04.DE vs. QDVP.DE - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a higher volatility of 2.51% compared to iShares US Mortgage Backed Securities UCITS ETF (QDVP.DE) at 1.64%. This indicates that IS04.DE's price experiences larger fluctuations and is considered to be riskier than QDVP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS04.DE | QDVP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 1.64% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 4.43% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 6.02% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 8.32% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 10.90% | +3.75% |
IS04.DE vs. QDVP.DE - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is lower than QDVP.DE's 0.28% expense ratio.
Dividends
IS04.DE vs. QDVP.DE - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.51%, more than QDVP.DE's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.51% | 4.38% | 4.61% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.78% | 2.73% | 2.57% | 2.14% |
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 3.64% | 3.63% | 3.50% | 3.27% | 2.45% | 2.19% | 2.69% | 2.99% | 3.03% | 3.04% | 1.54% | 0.00% |
Frequently Asked Questions
IS04.DE and QDVP.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.28% for QDVP.DE.
IS04.DE is categorized as Government Bonds, while QDVP.DE is Mortgage Backed Securities. IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while QDVP.DE tracks Bloomberg US Mortgage Backed Securities Index. Their fees differ too: 0.07% for IS04.DE and 0.28% for QDVP.DE.
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