QDVA.DE vs. SPMO
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both Momentum funds - QDVA.DE tracks the MSCI USA Momentum Index while SPMO tracks the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, QDVA.DE returned 15.17%/yr vs 23.84%/yr for SPMO. A 0.57 correlation means they provide meaningful diversification when combined. QDVA.DE charges 0.20%/yr vs 0.13%/yr for SPMO.
Performance
QDVA.DE vs. SPMO - Performance Comparison
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Different Trading Currencies
QDVA.DE is traded in EUR, while SPMO is traded in USD. To make them comparable, the SPMO 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 30.20% return, which is significantly higher than SPMO's 23.64% 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*
- —
SPMO
- 1D
- -4.84%
- 1M
- 3.91%
- YTD
- 23.64%
- 6M
- 21.28%
- 1Y
- 36.72%
- 3Y*
- 36.20%
- 5Y*
- 23.84%
- 10Y*
- 19.91%
QDVA.DE vs. SPMO - 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% |
SPMO Invesco S&P 500 Momentum ETF | 23.64% | 11.56% | 55.44% | 14.03% | -4.90% | 31.82% | 17.68% | 28.77% | 3.73% | 12.06% |
Correlation
The correlation between QDVA.DE and SPMO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.57 |
The correlation between QDVA.DE and SPMO shifts across timeframes, from 0.57 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDVA.DE vs. SPMO — Risk / Return Rank
QDVA.DE
SPMO
QDVA.DE vs. SPMO - 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 Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 3.17 | +0.71 |
| Martin ratioReturn relative to average drawdown | 12.67 | 10.29 | +2.39 |
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 | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 2.01 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 1.22 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.93 | -0.09 |
Drawdowns
QDVA.DE vs. SPMO - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.34%, roughly equal to the maximum SPMO drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and SPMO.
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Drawdown Indicators
| QDVA.DE | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -32.02% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -11.63% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -25.02% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -25.02% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.02% | — |
Current DrawdownCurrent decline from peak | -2.00% | -6.34% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -4.51% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.58% | -0.67% |
Volatility
QDVA.DE vs. SPMO - Volatility Comparison
The current volatility for iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) is 7.65%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 8.49%. This indicates that QDVA.DE experiences smaller price fluctuations and is considered to be less risky than SPMO 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 | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 8.49% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 14.63% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.82% | 18.41% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 19.60% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 20.94% | -1.75% |
QDVA.DE vs. SPMO - Expense Ratio Comparison
QDVA.DE has a 0.20% expense ratio, which is higher than SPMO's 0.13% expense ratio. However, 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. SPMO - Dividend Comparison
QDVA.DE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPMO Invesco S&P 500 Momentum ETF | 0.70% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
QDVA.DE and SPMO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.20% for QDVA.DE.
QDVA.DE tracks MSCI USA Momentum Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for QDVA.DE and 0.13% for SPMO.
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