QDVB.DE vs. CEBL.DE
QDVB.DE (iShares Edge MSCI USA Quality Factor UCITS ETF) and CEBL.DE (iShares MSCI EM Asia UCITS ETF (Acc)) are both exchange-traded funds - QDVB.DE is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality, while CEBL.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia. Both are passively managed. Over the past 5 years, QDVB.DE returned 12.25%/yr vs 8.89%/yr for CEBL.DE. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
QDVB.DE vs. CEBL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVB.DE achieves a 10.48% return, which is significantly lower than CEBL.DE's 33.53% return.
QDVB.DE
- 1D
- -0.69%
- 1M
- 1.28%
- YTD
- 10.48%
- 6M
- 10.79%
- 1Y
- 22.56%
- 3Y*
- 16.85%
- 5Y*
- 12.25%
- 10Y*
- —
CEBL.DE
- 1D
- 0.80%
- 1M
- 3.14%
- YTD
- 33.53%
- 6M
- 36.13%
- 1Y
- 53.09%
- 3Y*
- 24.26%
- 5Y*
- 8.89%
- 10Y*
- 11.42%
QDVB.DE vs. CEBL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVB.DE iShares Edge MSCI USA Quality Factor UCITS ETF | 10.48% | 0.35% | 29.28% | 26.64% | -16.49% | 39.07% | 5.34% | 37.19% | -2.63% | 7.24% |
CEBL.DE iShares MSCI EM Asia UCITS ETF (Acc) | 33.53% | 19.13% | 18.60% | 3.15% | -15.54% | 2.03% | 15.18% | 22.17% | -12.65% | 25.07% |
Correlation
The correlation between QDVB.DE and CEBL.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.57 |
The correlation between QDVB.DE and CEBL.DE has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
QDVB.DE vs. CEBL.DE — Risk / Return Rank
QDVB.DE
CEBL.DE
QDVB.DE vs. CEBL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF (QDVB.DE) and iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.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.
| QDVB.DE | CEBL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 4.62 | -1.30 |
| Martin ratioReturn relative to average drawdown | 12.21 | 15.83 | -3.62 |
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Drawdowns
QDVB.DE vs. CEBL.DE - Drawdown Comparison
The maximum QDVB.DE drawdown since its inception was -33.25%, smaller than the maximum CEBL.DE drawdown of -35.09%. Use the drawdown chart below to compare losses from any high point for QDVB.DE and CEBL.DE.
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Drawdown Indicators
| QDVB.DE | CEBL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -35.09% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -11.43% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -20.53% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -29.00% | +6.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | -0.82% | -4.29% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -11.17% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 3.34% | -1.50% |
Volatility
QDVB.DE vs. CEBL.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Quality Factor UCITS ETF (QDVB.DE) is 2.49%, while iShares MSCI EM Asia UCITS ETF (Acc) (CEBL.DE) has a volatility of 9.81%. This indicates that QDVB.DE experiences smaller price fluctuations and is considered to be less risky than CEBL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVB.DE | CEBL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 9.81% | -7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 18.45% | -10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 21.32% | -10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 18.88% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 19.10% | -1.14% |
QDVB.DE vs. CEBL.DE - Expense Ratio Comparison
Both QDVB.DE and CEBL.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
QDVB.DE vs. CEBL.DE - Dividend Comparison
Neither QDVB.DE nor CEBL.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVB.DE and CEBL.DE have a correlation of 0.55, 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.
QDVB.DE and CEBL.DE have the same expense ratio: 0.20% per year.
QDVB.DE is categorized as Large Cap Blend Equities, while CEBL.DE is Asia Pacific Equities. QDVB.DE tracks MSCI USA Sector Neutral Quality, while CEBL.DE tracks MSCI Emerging Markets Asia.
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