QDVA.DE vs. EUNL.DE
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, QDVA.DE returned 15.17%/yr vs 12.89%/yr for EUNL.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
QDVA.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVA.DE achieves a 30.20% return, which is significantly higher than EUNL.DE's 10.86% return.
QDVA.DE
- 1D
- -2.00%
- 1M
- 10.68%
- YTD
- 30.20%
- 6M
- 29.85%
- 1Y
- 37.18%
- 3Y*
- 28.68%
- 5Y*
- 15.17%
- 10Y*
- —
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
QDVA.DE vs. EUNL.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 | 30.20% | 5.11% | 40.00% | 5.98% | -13.66% | 22.93% | 17.39% | 31.13% | 1.12% | 20.30% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between QDVA.DE and EUNL.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.84 |
The correlation between QDVA.DE and EUNL.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
QDVA.DE vs. EUNL.DE — Risk / Return Rank
QDVA.DE
EUNL.DE
QDVA.DE vs. EUNL.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 iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| QDVA.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 3.64 | +0.24 |
| Martin ratioReturn relative to average drawdown | 12.67 | 14.52 | -1.84 |
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
| QDVA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 2.12 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.90 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.82 | +0.02 |
Drawdowns
QDVA.DE vs. EUNL.DE - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.34%, roughly equal to the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and EUNL.DE.
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Drawdown Indicators
| QDVA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -33.63% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -6.50% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -21.73% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -21.73% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -2.00% | -0.31% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -4.25% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.64% | +1.27% |
Volatility
QDVA.DE vs. EUNL.DE - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a higher volatility of 7.65% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that QDVA.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 2.62% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 7.72% | +7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.82% | 11.16% | +7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 14.17% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 15.17% | +4.02% |
QDVA.DE vs. EUNL.DE - Expense Ratio Comparison
Both QDVA.DE and EUNL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
QDVA.DE vs. EUNL.DE - Dividend Comparison
Neither QDVA.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVA.DE and EUNL.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QDVA.DE and EUNL.DE have the same expense ratio: 0.20% per year.
QDVA.DE is categorized as Momentum, while EUNL.DE is Global Equities. QDVA.DE tracks MSCI USA Momentum Index, while EUNL.DE tracks MSCI World Index.
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