QDV5.DE vs. XCX5.L
QDV5.DE (iShares MSCI India UCITS ETF USD (Acc)) and XCX5.L (Xtrackers MSCI India Swap UCITS ETF 1C) are both Asia Pacific Equities funds - QDV5.DE tracks the MSCI India while XCX5.L tracks the MSCI India NR USD. Both are passively managed. Over the past 5 years, QDV5.DE returned 4.37%/yr vs 4.00%/yr for XCX5.L. Their correlation of 0.93 suggests significant overlap in exposure. QDV5.DE charges 0.65%/yr vs 0.75%/yr for XCX5.L.
Performance
QDV5.DE vs. XCX5.L - Performance Comparison
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Different Trading Currencies
QDV5.DE is traded in EUR, while XCX5.L is traded in GBp. To make them comparable, the XCX5.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with QDV5.DE having a -11.72% return and XCX5.L slightly lower at -11.92%.
QDV5.DE
- 1D
- 1.21%
- 1M
- -4.24%
- YTD
- -11.72%
- 6M
- -13.23%
- 1Y
- -14.33%
- 3Y*
- 2.49%
- 5Y*
- 4.37%
- 10Y*
- —
XCX5.L
- 1D
- 1.17%
- 1M
- -1.92%
- YTD
- -11.92%
- 6M
- -11.88%
- 1Y
- -14.37%
- 3Y*
- 2.31%
- 5Y*
- 4.00%
- 10Y*
- 6.43%
QDV5.DE vs. XCX5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDV5.DE iShares MSCI India UCITS ETF USD (Acc) | -11.72% | -7.96% | 15.56% | 14.91% | -1.74% | 34.99% | 3.47% | 10.62% | 1.31% |
XCX5.L Xtrackers MSCI India Swap UCITS ETF 1C | -11.91% | -10.11% | 17.32% | 14.95% | -2.95% | 34.40% | 3.54% | 9.10% | 0.01% |
Correlation
The correlation between QDV5.DE and XCX5.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 31, 2018 | 0.93 |
The correlation between QDV5.DE and XCX5.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
QDV5.DE vs. XCX5.L — Risk / Return Rank
QDV5.DE
XCX5.L
QDV5.DE vs. XCX5.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 Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.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 | XCX5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.86 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.70 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.54 | -1.49 | -0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDV5.DE | XCX5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.90 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.25 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.22 | +0.08 |
Drawdowns
QDV5.DE vs. XCX5.L - Drawdown Comparison
The maximum QDV5.DE drawdown since its inception was -41.06%, roughly equal to the maximum XCX5.L drawdown of -42.13%. Use the drawdown chart below to compare losses from any high point for QDV5.DE and XCX5.L.
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Drawdown Indicators
| QDV5.DE | XCX5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -42.13% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -19.83% | -20.53% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -27.44% | -29.34% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | -29.34% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.92% | — |
Current DrawdownCurrent decline from peak | -24.03% | -25.73% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -11.87% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.90% | 9.60% | -0.70% |
Volatility
QDV5.DE vs. XCX5.L - Volatility Comparison
iShares MSCI India UCITS ETF USD (Acc) (QDV5.DE) and Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) have volatilities of 6.04% and 6.19%, 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 | XCX5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 6.19% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 13.16% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 15.93% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 16.24% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 20.13% | +1.47% |
QDV5.DE vs. XCX5.L - Expense Ratio Comparison
QDV5.DE has a 0.65% expense ratio, which is lower than XCX5.L's 0.75% expense ratio.
Dividends
QDV5.DE vs. XCX5.L - Dividend Comparison
Neither QDV5.DE nor XCX5.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, QDV5.DE and XCX5.L 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 XCX5.L.
QDV5.DE tracks MSCI India, while XCX5.L tracks MSCI India NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.65% for QDV5.DE and 0.75% for XCX5.L.
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