MACV.DE vs. QDVE.DE
MACV.DE (iShares Conservative Portfolio UCITS ETF EUR (Acc)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - MACV.DE is a Global Allocation fund actively managed by iShares, while QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. MACV.DE is actively managed, while QDVE.DE is passively managed. Over the past 5 years, MACV.DE returned 0.68%/yr vs 22.04%/yr for QDVE.DE. At a 0.40 correlation, their price movements are largely independent. MACV.DE charges 0.25%/yr vs 0.15%/yr for QDVE.DE.
Performance
MACV.DE vs. QDVE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MACV.DE achieves a 3.65% return, which is significantly lower than QDVE.DE's 19.14% return.
MACV.DE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 3.65%
- YTD
- 3.65%
- 1Y
- 6.72%
- 3Y*
- 5.11%
- 5Y*
- 0.68%
- 10Y*
- —
QDVE.DE
- 1D
- 0.35%
- 1M
- -6.14%
- 6M
- 19.97%
- YTD
- 19.14%
- 1Y
- 36.05%
- 3Y*
- 28.01%
- 5Y*
- 22.04%
- 10Y*
- 25.61%
MACV.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MACV.DE iShares Conservative Portfolio UCITS ETF EUR (Acc) | 3.65% | 4.83% | 3.33% | 5.02% | -13.58% | 3.11% | 2.65% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 19.14% | 10.01% | 46.09% | 54.17% | -25.82% | 46.74% | 9.62% |
Correlation
The correlation between MACV.DE and QDVE.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.40 |
The correlation between MACV.DE and QDVE.DE shifts across timeframes, from 0.36 (3 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MACV.DE vs. QDVE.DE — Risk / Return Rank
MACV.DE
QDVE.DE
MACV.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.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.
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.
| MACV.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.30 | -0.61 |
| Martin ratioReturn relative to average drawdown | 7.43 | 5.80 | +1.64 |
Loading charts...
Drawdowns
MACV.DE vs. QDVE.DE - Drawdown Comparison
The maximum MACV.DE drawdown since its inception was -15.57%, smaller than the maximum QDVE.DE drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for MACV.DE and QDVE.DE.
Loading charts...
Drawdown Indicators
| MACV.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.57% | -31.40% | +15.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -15.60% | +11.65% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -29.81% | +25.86% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | -29.81% | +14.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.40% | — |
Current DrawdownCurrent decline from peak | -0.37% | -6.91% | +6.54% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -5.80% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 6.20% | -5.30% |
Volatility
MACV.DE vs. QDVE.DE - Volatility Comparison
The current volatility for iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.DE) is 1.73%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.99%. This indicates that MACV.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.
Loading charts...
Volatility by Period
| MACV.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 7.99% | -6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 15.87% | -11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.26% | 21.50% | -16.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 22.89% | -17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 21.80% | -16.57% |
MACV.DE vs. QDVE.DE - Expense Ratio Comparison
MACV.DE has a 0.25% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MACV.DE vs. QDVE.DE - Dividend Comparison
Neither MACV.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
MACV.DE and QDVE.DE have a correlation of 0.55, 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 0.25% for MACV.DE.
MACV.DE is categorized as Global Allocation, while QDVE.DE is Technology Equities. Their fees differ too: 0.25% for MACV.DE and 0.15% for QDVE.DE.
Find the right allocation for MACV.DE and QDVE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer