QDV5.DE vs. XCS5.DE
QDV5.DE (iShares MSCI India UCITS ETF USD (Acc)) and XCS5.DE (Xtrackers MSCI India Swap UCITS ETF 1C) are both India Equities funds tracking the MSCI India, from iShares and Xtrackers respectively. Both are passively managed. Over the past 5 years, QDV5.DE returned 5.53%/yr vs 5.09%/yr for XCS5.DE. With a 0.98 correlation, they move nearly in lockstep. QDV5.DE charges 0.65%/yr vs 0.75%/yr for XCS5.DE.
Performance
QDV5.DE vs. XCS5.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QDV5.DE having a -6.17% return and XCS5.DE slightly higher at -6.08%.
QDV5.DE
- 1D
- 0.00%
- 1M
- 5.72%
- YTD
- -6.17%
- 6M
- -6.84%
- 1Y
- -10.19%
- 3Y*
- 4.55%
- 5Y*
- 5.53%
- 10Y*
- —
XCS5.DE
- 1D
- 0.06%
- 1M
- 5.10%
- YTD
- -6.08%
- 6M
- -6.97%
- 1Y
- -10.46%
- 3Y*
- 4.23%
- 5Y*
- 5.09%
- 10Y*
- 7.06%
QDV5.DE vs. XCS5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDV5.DE iShares MSCI India UCITS ETF USD (Acc) | -6.17% | -8.01% | 15.55% | 14.92% | -1.74% | 35.10% | 3.45% | 10.54% | 1.36% |
XCS5.DE Xtrackers MSCI India Swap UCITS ETF 1C | -6.08% | -10.03% | 16.45% | 14.98% | -2.19% | 34.64% | 2.10% | 9.37% | -0.10% |
Correlation
The correlation between QDV5.DE and XCS5.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 30, 2018 | 0.98 |
The correlation between QDV5.DE and XCS5.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
QDV5.DE vs. XCS5.DE — Risk / Return Rank
QDV5.DE
XCS5.DE
QDV5.DE vs. XCS5.DE - 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 Xtrackers MSCI India Swap UCITS ETF 1C (XCS5.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.
| QDV5.DE | XCS5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.91 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.52 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.06 | -1.08 | +0.02 |
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Drawdowns
QDV5.DE vs. XCS5.DE - Drawdown Comparison
The maximum QDV5.DE drawdown since its inception was -41.02%, roughly equal to the maximum XCS5.DE drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for QDV5.DE and XCS5.DE.
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Drawdown Indicators
| QDV5.DE | XCS5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -41.32% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -19.05% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -27.47% | -28.82% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -28.82% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.32% | — |
Current DrawdownCurrent decline from peak | -19.25% | -21.27% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -10.06% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.98% | 8.89% | +0.09% |
Volatility
QDV5.DE vs. XCS5.DE - Volatility Comparison
iShares MSCI India UCITS ETF USD (Acc) (QDV5.DE) and Xtrackers MSCI India Swap UCITS ETF 1C (XCS5.DE) have volatilities of 5.04% and 4.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDV5.DE | XCS5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 4.91% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 13.90% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 16.64% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 16.32% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 20.39% | +1.25% |
QDV5.DE vs. XCS5.DE - Expense Ratio Comparison
QDV5.DE has a 0.65% expense ratio, which is lower than XCS5.DE's 0.75% expense ratio.
Dividends
QDV5.DE vs. XCS5.DE - Dividend Comparison
Neither QDV5.DE nor XCS5.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, QDV5.DE and XCS5.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, QDV5.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDV5.DE is cheaper with a 0.65% expense ratio, compared with 0.75% for XCS5.DE.
Both ETFs track MSCI India. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.65% for QDV5.DE and 0.75% for XCS5.DE.
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