IVAI.DE vs. QDVE.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both Technology Equities funds - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while QDVE.DE tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 49.27% for QDVE.DE. Their correlation of 0.81 suggests significant overlap in exposure. IVAI.DE charges 0.35%/yr vs 0.15%/yr for QDVE.DE.
Performance
IVAI.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IVAI.DE achieves a 38.56% return, which is significantly higher than QDVE.DE's 24.06% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.08%
- YTD
- 38.56%
- 6M
- 34.01%
- 1Y
- 71.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
IVAI.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 5.90% |
Correlation
The correlation between IVAI.DE and QDVE.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.81 |
The correlation between IVAI.DE and QDVE.DE has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. QDVE.DE — Risk / Return Rank
IVAI.DE
QDVE.DE
IVAI.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.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.
| IVAI.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.14 | -0.05 |
| Martin ratioReturn relative to average drawdown | 5.91 | 8.31 | -2.40 |
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
| IVAI.DE | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.40 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.07 | +0.03 |
Drawdowns
IVAI.DE vs. QDVE.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, 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 IVAI.DE and QDVE.DE.
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Drawdown Indicators
| IVAI.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -31.45% | -2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -15.59% | -8.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -3.53% | -3.08% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -5.80% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 5.91% | +6.54% |
Volatility
IVAI.DE vs. QDVE.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 7.12%. This indicates that IVAI.DE'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
| IVAI.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 7.12% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 14.85% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 20.42% | +14.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 22.71% | +13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 21.73% | +14.66% |
IVAI.DE vs. QDVE.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
IVAI.DE vs. QDVE.DE - Dividend Comparison
Neither IVAI.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and QDVE.DE have a correlation of 0.82, 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 0.35% for IVAI.DE.
IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for IVAI.DE and 0.15% for QDVE.DE.
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