QDVA.DE vs. CHFUSD=X
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) is Momentum fund tracking the MSCI USA Momentum Index, while CHFUSD=X (USD/CHF) is a currency. Over the past 5 years, QDVA.DE returned 15.30%/yr vs 3.35%/yr for CHFUSD=X. At a 0.01 correlation, their price movements are largely independent.
Performance
QDVA.DE vs. CHFUSD=X - Performance Comparison
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Different Trading Currencies
QDVA.DE is traded in EUR, while CHFUSD=X is traded in USD. To make them comparable, the CHFUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QDVA.DE achieves a 31.46% return, which is significantly higher than CHFUSD=X's 0.95% return.
QDVA.DE
- 1D
- 3.87%
- 1M
- 8.17%
- YTD
- 31.46%
- 6M
- 34.06%
- 1Y
- 41.31%
- 3Y*
- 28.53%
- 5Y*
- 15.30%
- 10Y*
- —
CHFUSD=X
- 1D
- -0.22%
- 1M
- -0.68%
- YTD
- 0.95%
- 6M
- 1.34%
- 1Y
- 1.85%
- 3Y*
- 1.96%
- 5Y*
- 3.35%
- 10Y*
- 1.59%
QDVA.DE vs. CHFUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 31.46% | 5.15% | 39.98% | 5.96% | -13.64% | 22.86% | 17.47% | 31.11% | 1.04% | 20.37% |
CHFUSD=X USD/CHF | 0.95% | 0.97% | -1.18% | 6.54% | 4.77% | 4.29% | 0.41% | 3.81% | 3.79% | -8.29% |
Correlation
The correlation between QDVA.DE and CHFUSD=X is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.01 |
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Return for Risk
QDVA.DE vs. CHFUSD=X — Risk / Return Rank
QDVA.DE
CHFUSD=X
QDVA.DE vs. CHFUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) and USD/CHF (CHFUSD=X). 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.
| QDVA.DE | CHFUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.07 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 0.54 | +3.79 |
| Martin ratioReturn relative to average drawdown | 13.88 | 1.31 | +12.57 |
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Drawdowns
QDVA.DE vs. CHFUSD=X - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.33%, which is greater than CHFUSD=X's maximum drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and CHFUSD=X.
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Drawdown Indicators
| QDVA.DE | CHFUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.33% | -18.49% | -14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -2.76% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -6.63% | -18.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -6.63% | -18.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.28% | — |
Current DrawdownCurrent decline from peak | -1.01% | -2.41% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -7.84% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.20% | +1.77% |
Volatility
QDVA.DE vs. CHFUSD=X - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a higher volatility of 8.61% compared to USD/CHF (CHFUSD=X) at 0.95%. This indicates that QDVA.DE's price experiences larger fluctuations and is considered to be riskier than CHFUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVA.DE | CHFUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 0.95% | +7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 2.83% | +13.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 3.66% | +15.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 5.42% | +13.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 5.02% | +14.32% |
Frequently Asked Questions
QDVA.DE and CHFUSD=X have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for QDVA.DE and CHFUSD=X
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