QDV5.DE vs. AIE.L

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI India UCITS ETF USD (Acc) (QDV5.DE) and Ashoka India Equity Investment Trust plc (AIE.L).

QDV5.DE is a passively managed fund by iShares that tracks the performance of the MSCI India. It was launched on May 25, 2018.

Performance

QDV5.DE vs. AIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI India UCITS ETF USD (Acc) (QDV5.DE) and Ashoka India Equity Investment Trust plc (AIE.L). The values are adjusted to include any dividend payments, if applicable.

QDV5.DE vs. AIE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QDV5.DE iShares MSCI India UCITS ETF USD (Acc)	-13.56%	-7.96%	15.56%	14.91%	-1.74%	34.99%	3.47%	10.62%	1.41%
AIE.L Ashoka India Equity Investment Trust plc	-17.17%	-13.90%	29.41%	29.24%	-11.17%	59.37%	19.41%	26.47%	-13.32%

Different Trading Currencies

QDV5.DE is traded in EUR, while AIE.L is traded in GBp. To make them comparable, the AIE.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, QDV5.DE achieves a -13.56% return, which is significantly higher than AIE.L's -17.17% return.

QDV5.DE

• 1D: 0.52%
• 1M: -6.43%
• YTD: -13.56%
• 6M: -11.10%
• 1Y: -15.26%
• 3Y*: 4.99%
• 5Y*: 4.80%
• 10Y*: —

AIE.L

• 1D: -0.03%
• 1M: -5.71%
• YTD: -17.17%
• 6M: -13.43%
• 1Y: -20.06%
• 3Y*: 8.06%
• 5Y*: 8.12%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

QDV5.DE vs. AIE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QDV5.DE

QDV5.DE Risk / Return Rank: 1
QDV5.DE Sharpe Ratio Rank: 1
QDV5.DE Sortino Ratio Rank: 1
QDV5.DE Omega Ratio Rank: 2
QDV5.DE Calmar Ratio Rank: 3
QDV5.DE Martin Ratio Rank: 0

AIE.L

AIE.L Risk / Return Rank: 12
AIE.L Sharpe Ratio Rank: 10
AIE.L Sortino Ratio Rank: 10
AIE.L Omega Ratio Rank: 12
AIE.L Calmar Ratio Rank: 21
AIE.L Martin Ratio Rank: 7

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.

QDV5.DE vs. AIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India UCITS ETF USD (Acc) (QDV5.DE) and Ashoka India Equity Investment Trust plc (AIE.L). 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.

	QDV5.DE	AIE.L	Difference
Sharpe ratio Return per unit of total volatility	-0.87	-0.87	0.00
Sortino ratio Return per unit of downside risk	-1.19	-1.20	+0.01
Omega ratio Gain probability vs. loss probability	0.86	0.86	+0.01
Calmar ratio Return relative to maximum drawdown	-0.62	-0.64	+0.02
Martin ratio Return relative to average drawdown	-1.76	-1.59	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDV5.DE vs. AIE.L - Sharpe Ratio Comparison

The current QDV5.DE Sharpe Ratio is -0.87, which is comparable to the AIE.L Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of QDV5.DE and AIE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QDV5.DE	AIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.87	-0.87	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.36	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.42	-0.13

Correlation

The correlation between QDV5.DE and AIE.L is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QDV5.DE vs. AIE.L - Dividend Comparison

QDV5.DE has not paid dividends to shareholders, while AIE.L's dividend yield for the trailing twelve months is around 0.22%.

	TTM	2025
QDV5.DE iShares MSCI India UCITS ETF USD (Acc)	0.00%	0.00%
AIE.L Ashoka India Equity Investment Trust plc	0.22%	0.18%

Drawdowns

QDV5.DE vs. AIE.L - Drawdown Comparison

The maximum QDV5.DE drawdown since its inception was -41.06%, smaller than the maximum AIE.L drawdown of -47.24%. Use the drawdown chart below to compare losses from any high point for QDV5.DE and AIE.L.

Drawdown Indicators

	QDV5.DE	AIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.06%	-41.42%	+0.36%
Max Drawdown (1Y) Largest decline over 1 year	-20.52%	-24.64%	+4.12%
Max Drawdown (5Y) Largest decline over 5 years	-27.44%	-29.64%	+2.20%
Current Drawdown Current decline from peak	-25.61%	-27.05%	+1.44%
Average Drawdown Average peak-to-trough decline	-7.81%	-8.02%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.23%	9.13%	-1.90%

Volatility

QDV5.DE vs. AIE.L - Volatility Comparison

The current volatility for iShares MSCI India UCITS ETF USD (Acc) (QDV5.DE) is 5.87%, while Ashoka India Equity Investment Trust plc (AIE.L) has a volatility of 8.18%. This indicates that QDV5.DE experiences smaller price fluctuations and is considered to be less risky than AIE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDV5.DE	AIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	8.18%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	14.50%	-3.07%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	22.91%	-5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	22.30%	-5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	25.50%	-3.91%