QDVA.DE vs. USPY.DE
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) and USPY.DE (L&G Cyber Security UCITS ETF) are both exchange-traded funds - QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index, while USPY.DE is a Technology Equities fund tracking the ISE Cyber Security UCITS. Both are passively managed. Over the past 5 years, QDVA.DE returned 15.30%/yr vs 10.64%/yr for USPY.DE. A 0.65 correlation means they provide meaningful diversification when combined. QDVA.DE charges 0.20%/yr vs 0.69%/yr for USPY.DE.
Performance
QDVA.DE vs. USPY.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with QDVA.DE having a 31.46% return and USPY.DE slightly higher at 31.89%.
QDVA.DE
- 1D
- 3.87%
- 1M
- 8.65%
- YTD
- 31.46%
- 6M
- 34.06%
- 1Y
- 41.72%
- 3Y*
- 28.53%
- 5Y*
- 15.30%
- 10Y*
- —
USPY.DE
- 1D
- 1.42%
- 1M
- 11.41%
- YTD
- 31.89%
- 6M
- 28.78%
- 1Y
- 28.68%
- 3Y*
- 22.29%
- 5Y*
- 10.64%
- 10Y*
- 16.17%
QDVA.DE vs. USPY.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% |
USPY.DE L&G Cyber Security UCITS ETF | 31.89% | -3.39% | 24.34% | 37.45% | -28.70% | 17.00% | 28.61% | 34.41% | 12.65% | 8.93% |
Correlation
The correlation between QDVA.DE and USPY.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.65 |
Over the past year, the correlation between QDVA.DE and USPY.DE has dropped to 0.44 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QDVA.DE vs. USPY.DE — Risk / Return Rank
QDVA.DE
USPY.DE
QDVA.DE vs. USPY.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 L&G Cyber Security UCITS ETF (USPY.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 | USPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.20 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 1.40 | +2.93 |
| Martin ratioReturn relative to average drawdown | 13.88 | 3.76 | +10.12 |
Loading charts...
Drawdowns
QDVA.DE vs. USPY.DE - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.33%, smaller than the maximum USPY.DE drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and USPY.DE.
Loading charts...
Drawdown Indicators
| QDVA.DE | USPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.33% | -36.25% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -19.61% | +10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -30.52% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -33.89% | +8.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.89% | — |
Current DrawdownCurrent decline from peak | -1.01% | -7.76% | +6.75% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -10.93% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 7.32% | -4.35% |
Volatility
QDVA.DE vs. USPY.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) is 8.61%, while L&G Cyber Security UCITS ETF (USPY.DE) has a volatility of 11.60%. This indicates that QDVA.DE experiences smaller price fluctuations and is considered to be less risky than USPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QDVA.DE | USPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 11.60% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 23.85% | -7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 27.13% | -7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 24.76% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 23.61% | -4.27% |
QDVA.DE vs. USPY.DE - Expense Ratio Comparison
QDVA.DE has a 0.20% expense ratio, which is lower than USPY.DE's 0.69% expense ratio.
Dividends
QDVA.DE vs. USPY.DE - Dividend Comparison
Neither QDVA.DE nor USPY.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVA.DE and USPY.DE have a correlation of 0.44, 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 0.69% for USPY.DE.
QDVA.DE is categorized as Momentum, while USPY.DE is Technology Equities. QDVA.DE tracks MSCI USA Momentum Index, while USPY.DE tracks ISE Cyber Security UCITS. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.20% for QDVA.DE and 0.69% for USPY.DE.
Find the right allocation for QDVA.DE and USPY.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer