QDVA.DE vs. DBZB.DE
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index, while DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 5 years, QDVA.DE returned 15.30%/yr vs -2.59%/yr for DBZB.DE. At a correlation of -0.08, they often move in opposite directions. QDVA.DE charges 0.20%/yr vs 0.25%/yr for DBZB.DE.
Performance
QDVA.DE vs. DBZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVA.DE achieves a 31.46% return, which is significantly higher than DBZB.DE's -0.45% 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*
- —
DBZB.DE
- 1D
- 0.41%
- 1M
- 0.79%
- YTD
- -0.45%
- 6M
- -0.32%
- 1Y
- -0.25%
- 3Y*
- 0.88%
- 5Y*
- -2.59%
- 10Y*
- -1.03%
QDVA.DE vs. DBZB.DE - 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% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.45% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | -0.36% | -0.12% |
Correlation
The correlation between QDVA.DE and DBZB.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | -0.08 |
The correlation between QDVA.DE and DBZB.DE shifts across timeframes, from -0.08 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDVA.DE vs. DBZB.DE — Risk / Return Rank
QDVA.DE
DBZB.DE
QDVA.DE vs. DBZB.DE - 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 Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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.
| QDVA.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.99 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | -0.07 | +4.40 |
| Martin ratioReturn relative to average drawdown | 13.88 | -0.19 | +14.06 |
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Drawdowns
QDVA.DE vs. DBZB.DE - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.33%, which is greater than DBZB.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and DBZB.DE.
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Drawdown Indicators
| QDVA.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.33% | -21.88% | -11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -3.52% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -5.14% | -20.42% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -19.51% | -6.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -1.01% | -16.21% | +15.20% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -5.72% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.32% | +1.65% |
Volatility
QDVA.DE vs. DBZB.DE - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a higher volatility of 8.61% compared to Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) at 1.50%. This indicates that QDVA.DE's price experiences larger fluctuations and is considered to be riskier than DBZB.DE 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 | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 1.50% | +7.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 3.11% | +13.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 3.93% | +15.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 5.38% | +13.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 4.74% | +14.60% |
QDVA.DE vs. DBZB.DE - Expense Ratio Comparison
QDVA.DE has a 0.20% expense ratio, which is lower than DBZB.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QDVA.DE vs. DBZB.DE - Dividend Comparison
Neither QDVA.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVA.DE and DBZB.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for DBZB.DE.
QDVA.DE is categorized as Momentum, while DBZB.DE is Global Bonds. QDVA.DE tracks MSCI USA Momentum Index, while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for QDVA.DE and 0.25% for DBZB.DE.
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