QDVB.DE vs. IBCY.DE

Last updated Jun 5, 2026

QDVB.DE (iShares Edge MSCI USA Quality Factor UCITS ETF) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds from iShares - QDVB.DE tracks the MSCI USA Sector Neutral Quality while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, QDVB.DE returned 12.96%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.91 suggests significant overlap in exposure. QDVB.DE charges 0.20%/yr vs 0.35%/yr for IBCY.DE.

Performance

QDVB.DE vs. IBCY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI USA Quality Factor UCITS ETF (QDVB.DE) and iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QDVB.DE

• 1D: 0.72%
• 1M: 5.60%
• YTD: 9.84%
• 6M: 9.96%
• 1Y: 19.74%
• 3Y*: 16.51%
• 5Y*: 12.96%
• 10Y*: —

IBCY.DE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 13.35%
• 3Y*: 13.97%
• 5Y*: 10.27%
• 10Y*: 11.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QDVB.DE vs. IBCY.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	9.84%	0.36%	29.35%	26.56%	-16.50%	39.05%	5.36%	37.25%	-2.65%	7.18%
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF	0.00%	6.35%	29.21%	13.73%	-11.70%	36.60%	0.17%	28.63%	-6.73%	6.21%

Correlation

The correlation between QDVB.DE and IBCY.DE is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016	0.91

Over the past year, the correlation between QDVB.DE and IBCY.DE has dropped to 0.54 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

Return for Risk

QDVB.DE vs. IBCY.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QDVB.DE

QDVB.DE Risk / Return Rank: 56
QDVB.DE Sharpe Ratio Rank: 53
QDVB.DE Sortino Ratio Rank: 54
QDVB.DE Omega Ratio Rank: 54
QDVB.DE Calmar Ratio Rank: 60
QDVB.DE Martin Ratio Rank: 59

IBCY.DE

IBCY.DE Risk / Return Rank: 72
IBCY.DE Sharpe Ratio Rank: 50
IBCY.DE Sortino Ratio Rank: 50
IBCY.DE Omega Ratio Rank: 90
IBCY.DE Calmar Ratio Rank: 80
IBCY.DE Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QDVB.DE vs. IBCY.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 Edge MSCI USA Multifactor UCITS ETF (IBCY.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.

	QDVB.DE	IBCY.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.70	+0.07
Sortino ratio: Return per unit of downside risk	2.54	2.42	+0.12
Omega ratio: Gain probability vs. loss probability	1.33	1.56	-0.23
Calmar ratio: Return relative to maximum drawdown	2.92	4.08	-1.17
Martin ratio: Return relative to average drawdown	10.33	19.99	-9.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDVB.DE vs. IBCY.DE - Sharpe Ratio Comparison

The current QDVB.DE Sharpe Ratio is 1.77, which is comparable to the IBCY.DE Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of QDVB.DE and IBCY.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QDVB.DE	IBCY.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	1.70	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.69	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.63	+0.19

Drawdowns

QDVB.DE vs. IBCY.DE - Drawdown Comparison

The maximum QDVB.DE drawdown since its inception was -33.26%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for QDVB.DE and IBCY.DE.

Drawdown Indicators

	QDVB.DE	IBCY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-35.54%	+2.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.74%	-3.26%	-3.48%
Max Drawdown (3Y) Largest decline over 3 years	-22.66%	-22.91%	+0.25%
Max Drawdown (5Y) Largest decline over 5 years	-22.66%	-22.91%	+0.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.54%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.97%	-4.95%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	0.67%	+1.24%

Volatility

QDVB.DE vs. IBCY.DE - Volatility Comparison

iShares Edge MSCI USA Quality Factor UCITS ETF (QDVB.DE) has a higher volatility of 2.46% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that QDVB.DE's price experiences larger fluctuations and is considered to be riskier than IBCY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDVB.DE	IBCY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	0.00%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	0.00%	+7.27%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	7.99%	+3.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.53%	14.77%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	16.12%	+0.32%

QDVB.DE vs. IBCY.DE - Expense Ratio Comparison

QDVB.DE has a 0.20% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.

Dividends

QDVB.DE vs. IBCY.DE - Dividend Comparison

Neither QDVB.DE nor IBCY.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QDVB.DE and IBCY.DE in my portfolio?

QDVB.DE and IBCY.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QDVB.DE or IBCY.DE?

On fees, QDVB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDVB.DE or IBCY.DE?

QDVB.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for IBCY.DE.

What is the main difference between QDVB.DE and IBCY.DE?

QDVB.DE tracks MSCI USA Sector Neutral Quality, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. Their fees differ too: 0.20% for QDVB.DE and 0.35% for IBCY.DE.