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PQVM.L vs. XDEV.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PQVM.L vs. XDEV.DE

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 QVM UCITS ETF (PQVM.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE).

PQVM.L and XDEV.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PQVM.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality, Value, and Momentum Multi-Factor Index. It was launched on May 18, 2017. XDEV.DE is a passively managed fund by DWS that tracks the performance of the MSCI ACWI Value NR USD. It was launched on Sep 11, 2014. Both PQVM.L and XDEV.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PQVM.L vs. XDEV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 QVM UCITS ETF (PQVM.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE). The values are adjusted to include any dividend payments, if applicable.

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PQVM.L vs. XDEV.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PQVM.L
Invesco S&P 500 QVM UCITS ETF		2.67%13.66%30.17%6.82%0.52%26.13%8.05%25.07%-6.99%18.70%
XDEV.DE
Xtrackers MSCI World Value Factor UCITS ETF 1C		2.13%40.84%5.24%19.32%-10.20%20.57%-3.98%19.51%-14.63%15.76%
Different Trading Currencies

PQVM.L is traded in USD, while XDEV.DE is traded in EUR. To make them comparable, the XDEV.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PQVM.L achieves a 2.67% return, which is significantly higher than XDEV.DE's 2.13% return.

PQVM.L

1D
0.13%
1M
-4.65%
YTD
2.67%
6M
3.25%
1Y
15.68%
3Y*
18.28%
5Y*
13.86%
10Y*
—

XDEV.DE

1D
0.33%
1M
-7.83%
YTD
2.13%
6M
13.45%
1Y
34.63%
3Y*
19.71%
5Y*
11.41%
10Y*
9.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 QVM UCITS ETF

Xtrackers MSCI World Value Factor UCITS ETF 1C

Often compared with PQVM.L:
PQVM.L vs. SPMOPQVM.L vs. VOOPQVM.L vs. UETW.DEPQVM.L vs. WEBN.DEPQVM.L vs. swda.lPQVM.L vs. vooPQVM.L vs. SWDA.L
Often compared with XDEV.DE:
XDEV.DE vs. SXR8.DEXDEV.DE vs. VWCE.DEXDEV.DE vs. IWDA.LXDEV.DE vs. XNAS.DEXDEV.DE vs. SPYXDEV.DE vs. VOOXDEV.DE vs. VWRL.AS

PQVM.L vs. XDEV.DE - Expense Ratio Comparison

PQVM.L has a 0.35% expense ratio, which is higher than XDEV.DE's 0.25% expense ratio.

PQVM.L
Invesco S&P 500 QVM UCITS ETF
XDEV.DE
Xtrackers MSCI World Value Factor UCITS ETF 1C

Return for Risk

PQVM.L vs. XDEV.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PQVM.L
PQVM.L Risk / Return Rank: 6060
Overall Rank
PQVM.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
PQVM.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
PQVM.L Omega Ratio Rank: 6161
Omega Ratio Rank
PQVM.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
PQVM.L Martin Ratio Rank: 7070
Martin Ratio Rank
XDEV.DE
XDEV.DE Risk / Return Rank: 8080
Overall Rank
XDEV.DE Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XDEV.DE Sortino Ratio Rank: 8080
Sortino Ratio Rank
XDEV.DE Omega Ratio Rank: 8282
Omega Ratio Rank
XDEV.DE Calmar Ratio Rank: 7272
Calmar Ratio Rank
XDEV.DE Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PQVM.L vs. XDEV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (PQVM.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.

PQVM.LXDEV.DEDifference

Sharpe ratio

Return per unit of total volatility

1.04

1.99

-0.94

Sortino ratio

Return per unit of downside risk

1.53

2.57

-1.04

Omega ratio

Gain probability vs. loss probability

1.22

1.39

-0.17

Calmar ratio

Return relative to maximum drawdown

1.23

2.59

-1.36

Martin ratio

Return relative to average drawdown

7.05

12.67

-5.62

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQVM.L vs. XDEV.DE - Sharpe Ratio Comparison

The current PQVM.L Sharpe Ratio is 1.04, which is lower than the XDEV.DE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of PQVM.L and XDEV.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PQVM.LXDEV.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

1.99

-0.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.72

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.49

+0.30

Correlation

The correlation between PQVM.L and XDEV.DE is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PQVM.L vs. XDEV.DE - Dividend Comparison

PQVM.L's dividend yield for the trailing twelve months is around 0.88%, while XDEV.DE has not paid dividends to shareholders.

TTM202520242023202220212020201920182017
PQVM.L
Invesco S&P 500 QVM UCITS ETF		0.88%0.82%0.84%1.58%1.79%0.89%1.48%1.38%1.68%0.71%
XDEV.DE
Xtrackers MSCI World Value Factor UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PQVM.L vs. XDEV.DE - Drawdown Comparison

The maximum PQVM.L drawdown since its inception was -34.42%, smaller than the maximum XDEV.DE drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for PQVM.L and XDEV.DE.

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Drawdown Indicators

PQVM.LXDEV.DEDifference

Max Drawdown

Largest peak-to-trough decline

-34.42%

-35.28%

+0.86%

Max Drawdown (1Y)

Largest decline over 1 year

-11.81%

-14.44%

+2.63%

Max Drawdown (5Y)

Largest decline over 5 years

-17.35%

-18.02%

+0.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.28%

—

Current Drawdown

Current decline from peak

-4.70%

-6.05%

+1.35%

Average Drawdown

Average peak-to-trough decline

-3.96%

-5.64%

+1.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

2.74%

-0.67%

Volatility

PQVM.L vs. XDEV.DE - Volatility Comparison

The current volatility for Invesco S&P 500 QVM UCITS ETF (PQVM.L) is 3.99%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 6.15%. This indicates that PQVM.L experiences smaller price fluctuations and is considered to be less risky than XDEV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PQVM.LXDEV.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.99%

6.15%

-2.16%

Volatility (6M)

Calculated over the trailing 6-month period

7.89%

10.04%

-2.15%

Volatility (1Y)

Calculated over the trailing 1-year period

14.96%

17.35%

-2.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.07%

15.61%

+0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.19%

16.91%

+0.28%