QDVA.DE vs. PEX
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) and PEX (ProShares Global Listed Private Equity ETF) are both exchange-traded funds - QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index, while PEX is a Financials Equities fund tracking the LPX Direct Listed Private Equity Index. Both are passively managed. Over the past 5 years, QDVA.DE returned 15.30%/yr vs 0.10%/yr for PEX. At a 0.41 correlation, their price movements are largely independent. QDVA.DE charges 0.20%/yr vs 3.13%/yr for PEX.
Performance
QDVA.DE vs. PEX - Performance Comparison
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Different Trading Currencies
QDVA.DE is traded in EUR, while PEX is traded in USD. To make them comparable, the PEX 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 PEX's -9.29% return.
QDVA.DE
- 1D
- 3.87%
- 1M
- 8.65%
- YTD
- 31.46%
- 6M
- 34.06%
- 1Y
- 41.72%
- 3Y*
- 28.53%
- 5Y*
- 15.30%
- 10Y*
- —
PEX
- 1D
- 0.76%
- 1M
- 2.04%
- YTD
- -9.29%
- 6M
- -8.85%
- 1Y
- -11.81%
- 3Y*
- 1.13%
- 5Y*
- 0.10%
- 10Y*
- 4.22%
QDVA.DE vs. PEX - 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% |
PEX ProShares Global Listed Private Equity ETF | -9.29% | -11.68% | 20.52% | 19.42% | -21.39% | 37.94% | -9.29% | 28.37% | -9.24% | 0.28% |
Correlation
The correlation between QDVA.DE and PEX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.41 |
The correlation between QDVA.DE and PEX shifts across timeframes, from 0.23 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QDVA.DE vs. PEX — Risk / Return Rank
QDVA.DE
PEX
QDVA.DE vs. PEX - 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 ProShares Global Listed Private Equity ETF (PEX). 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 | PEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.87 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | -0.55 | +4.88 |
| Martin ratioReturn relative to average drawdown | 13.88 | -1.05 | +14.93 |
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Drawdowns
QDVA.DE vs. PEX - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.33%, smaller than the maximum PEX drawdown of -48.83%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and PEX.
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Drawdown Indicators
| QDVA.DE | PEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.33% | -48.83% | +15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -23.13% | +13.63% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -28.84% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -28.84% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.83% | — |
Current DrawdownCurrent decline from peak | -1.01% | -24.07% | +23.06% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -8.09% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 12.13% | -9.16% |
Volatility
QDVA.DE vs. PEX - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a higher volatility of 8.61% compared to ProShares Global Listed Private Equity ETF (PEX) at 4.53%. This indicates that QDVA.DE's price experiences larger fluctuations and is considered to be riskier than PEX 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 | PEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 4.53% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 12.79% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 15.33% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 16.65% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 18.77% | +0.57% |
QDVA.DE vs. PEX - Expense Ratio Comparison
QDVA.DE has a 0.20% expense ratio, which is lower than PEX's 3.13% expense ratio.
Dividends
QDVA.DE vs. PEX - Dividend Comparison
QDVA.DE has not paid dividends to shareholders, while PEX's dividend yield for the trailing twelve months is around 12.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | 12.55% | 12.80% | 14.11% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 3.24% | 12.50% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QDVA.DE and PEX have a correlation of 0.23, 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 3.13% for PEX.
QDVA.DE is categorized as Momentum, while PEX is Financials Equities. QDVA.DE tracks MSCI USA Momentum Index, while PEX tracks LPX Direct Listed Private Equity Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for QDVA.DE and 3.13% for PEX.
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