IWDE.L vs. QDVE.DE
IWDE.L (iShares MSCI World EUR Hedged UCITS ETF (Acc)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - IWDE.L is a Global Equities fund tracking the MSCI World 100% Hedged to EUR 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, IWDE.L returned 11.23%/yr vs 26.04%/yr for QDVE.DE. A 0.75 correlation means they provide meaningful diversification when combined. IWDE.L charges 0.55%/yr vs 0.15%/yr for QDVE.DE.
Performance
IWDE.L vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWDE.L achieves a 9.11% return, which is significantly lower than QDVE.DE's 24.06% return. Over the past 10 years, IWDE.L has underperformed QDVE.DE with an annualized return of 11.23%, while QDVE.DE has yielded a comparatively higher 26.04% annualized return.
IWDE.L
- 1D
- 0.10%
- 1M
- 4.30%
- YTD
- 9.11%
- 6M
- 9.93%
- 1Y
- 23.80%
- 3Y*
- 18.40%
- 5Y*
- 10.58%
- 10Y*
- 11.23%
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%
IWDE.L vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (Acc) | 9.11% | 16.39% | 19.76% | 21.13% | -18.36% | 23.42% | 11.49% | 23.65% | -10.06% | 16.85% |
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 IWDE.L and QDVE.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.75 |
The correlation between IWDE.L and QDVE.DE has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
IWDE.L vs. QDVE.DE — Risk / Return Rank
IWDE.L
QDVE.DE
IWDE.L vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) 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.
| IWDE.L | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.14 | -0.11 |
| Martin ratioReturn relative to average drawdown | 13.08 | 8.31 | +4.77 |
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
| IWDE.L | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.40 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.10 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 1.19 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 1.07 | -0.37 |
Drawdowns
IWDE.L vs. QDVE.DE - Drawdown Comparison
The maximum IWDE.L drawdown since its inception was -33.32%, 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 IWDE.L and QDVE.DE.
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Drawdown Indicators
| IWDE.L | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.32% | -31.45% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -15.59% | +7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -29.83% | +12.33% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -29.83% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.32% | -31.45% | -1.87% |
Current DrawdownCurrent decline from peak | -0.36% | -3.08% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -5.80% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 5.91% | -4.10% |
Volatility
IWDE.L vs. QDVE.DE - Volatility Comparison
The current volatility for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) is 3.10%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.12%. This indicates that IWDE.L 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
| IWDE.L | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 7.12% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 14.85% | -6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 20.42% | -9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 22.71% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 21.73% | -6.36% |
IWDE.L vs. QDVE.DE - Expense Ratio Comparison
IWDE.L has a 0.55% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
IWDE.L vs. QDVE.DE - Dividend Comparison
Neither IWDE.L nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
IWDE.L and QDVE.DE have a correlation of 0.70, 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 0.55% for IWDE.L.
IWDE.L is categorized as Global Equities, while QDVE.DE is Technology Equities. IWDE.L tracks MSCI World 100% Hedged to EUR Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.55% for IWDE.L and 0.15% for QDVE.DE.
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