QAT vs. EDEN
Compare and contrast key facts about iShares MSCI Qatar ETF (QAT) and iShares MSCI Denmark ETF (EDEN).
QAT and EDEN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QAT is a passively managed fund by iShares that tracks the performance of the MSCI All Qatar Capped Index. It was launched on Apr 29, 2014. EDEN is a passively managed fund by iShares that tracks the performance of the MSCI Denmark IMI 25/50 Index. It was launched on Jan 25, 2012. Both QAT and EDEN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QAT or EDEN.
Key characteristics
| QAT | EDEN | |
|---|---|---|
| YTD Return | 6.27% | 8.33% |
| 1Y Return | 13.80% | 22.00% |
| 3Y Return (Ann) | -0.29% | 3.57% |
| 5Y Return (Ann) | 4.62% | 15.08% |
| 10Y Return (Ann) | 0.37% | 11.30% |
| Sharpe Ratio | 1.00 | 1.38 |
| Sortino Ratio | 1.48 | 2.03 |
| Omega Ratio | 1.18 | 1.24 |
| Calmar Ratio | 0.46 | 1.69 |
| Martin Ratio | 3.71 | 6.75 |
| Ulcer Index | 3.77% | 3.24% |
| Daily Std Dev | 14.09% | 15.85% |
| Max Drawdown | -45.21% | -36.61% |
| Current Drawdown | -18.71% | -9.08% |
Correlation
The correlation between QAT and EDEN is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QAT vs. EDEN - Performance Comparison
In the year-to-date period, QAT achieves a 6.27% return, which is significantly lower than EDEN's 8.33% return. Over the past 10 years, QAT has underperformed EDEN with an annualized return of 0.37%, while EDEN has yielded a comparatively higher 11.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QAT vs. EDEN - Expense Ratio Comparison
QAT has a 0.59% expense ratio, which is higher than EDEN's 0.53% expense ratio.
Risk-Adjusted Performance
QAT vs. EDEN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Qatar ETF (QAT) and iShares MSCI Denmark ETF (EDEN). 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.
Dividends
QAT vs. EDEN - Dividend Comparison
QAT's dividend yield for the trailing twelve months is around 4.19%, more than EDEN's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAT iShares MSCI Qatar ETF | 4.19% | 3.92% | 4.78% | 2.33% | 2.63% | 3.57% | 4.63% | 4.10% | 3.51% | 4.49% | 0.00% | 0.00% |
EDEN iShares MSCI Denmark ETF | 1.30% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% | 0.87% | 0.86% |
Drawdowns
QAT vs. EDEN - Drawdown Comparison
The maximum QAT drawdown since its inception was -45.21%, which is greater than EDEN's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for QAT and EDEN. For additional features, visit the drawdowns tool.
Volatility
QAT vs. EDEN - Volatility Comparison
iShares MSCI Qatar ETF (QAT) has a higher volatility of 4.70% compared to iShares MSCI Denmark ETF (EDEN) at 2.73%. This indicates that QAT's price experiences larger fluctuations and is considered to be riskier than EDEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.