QDVC.DE vs. ENGW.L
QDVC.DE (iShares Edge MSCI USA Size Factor UCITS ETF) and ENGW.L (SPDR MSCI World Energy UCITS ETF) are both exchange-traded funds - QDVC.DE is a Mid Cap Blend Equities fund tracking the MSCI USA Mid-Cap Equal Weighted, while ENGW.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, QDVC.DE returned 11.54%/yr vs 15.53%/yr for ENGW.L. At a 0.34 correlation, their price movements are largely independent. QDVC.DE charges 0.20%/yr vs 0.30%/yr for ENGW.L.
Performance
QDVC.DE vs. ENGW.L - Performance Comparison
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Different Trading Currencies
QDVC.DE is traded in EUR, while ENGW.L is traded in GBP. To make them comparable, the ENGW.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QDVC.DE achieves a 8.40% return, which is significantly lower than ENGW.L's 31.96% return.
QDVC.DE
- 1D
- 0.46%
- 1M
- 4.30%
- YTD
- 8.40%
- 6M
- 8.90%
- 1Y
- 14.76%
- 3Y*
- 11.54%
- 5Y*
- 7.32%
- 10Y*
- —
ENGW.L
- 1D
- -0.61%
- 1M
- -1.01%
- YTD
- 31.96%
- 6M
- 29.35%
- 1Y
- 44.95%
- 3Y*
- 15.53%
- 5Y*
- —
- 10Y*
- —
QDVC.DE vs. ENGW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QDVC.DE iShares Edge MSCI USA Size Factor UCITS ETF | 8.40% | -3.21% | 19.27% | 13.21% | -11.67% |
ENGW.L SPDR MSCI World Energy UCITS ETF | 31.96% | 1.60% | 8.55% | 0.01% | 13.99% |
Correlation
The correlation between QDVC.DE and ENGW.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.34 |
Over the past year, the correlation between QDVC.DE and ENGW.L has dropped to 0.09 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
QDVC.DE vs. ENGW.L — Risk / Return Rank
QDVC.DE
ENGW.L
QDVC.DE vs. ENGW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Size Factor UCITS ETF (QDVC.DE) and SPDR MSCI World Energy UCITS ETF (ENGW.L). 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.
| QDVC.DE | ENGW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.04 | -1.14 |
| Martin ratioReturn relative to average drawdown | 5.80 | 10.18 | -4.38 |
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
| QDVC.DE | ENGW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.10 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.56 | -0.02 |
Drawdowns
QDVC.DE vs. ENGW.L - Drawdown Comparison
The maximum QDVC.DE drawdown since its inception was -40.76%, which is greater than ENGW.L's maximum drawdown of -23.64%. Use the drawdown chart below to compare losses from any high point for QDVC.DE and ENGW.L.
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Drawdown Indicators
| QDVC.DE | ENGW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.76% | -23.64% | -17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -14.70% | +7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -23.64% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.54% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -7.14% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -8.84% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 4.40% | -1.86% |
Volatility
QDVC.DE vs. ENGW.L - Volatility Comparison
The current volatility for iShares Edge MSCI USA Size Factor UCITS ETF (QDVC.DE) is 2.89%, while SPDR MSCI World Energy UCITS ETF (ENGW.L) has a volatility of 8.18%. This indicates that QDVC.DE experiences smaller price fluctuations and is considered to be less risky than ENGW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVC.DE | ENGW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 8.18% | -5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 18.25% | -10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 21.39% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 23.29% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 23.29% | -5.01% |
QDVC.DE vs. ENGW.L - Expense Ratio Comparison
QDVC.DE has a 0.20% expense ratio, which is lower than ENGW.L's 0.30% expense ratio.
Dividends
QDVC.DE vs. ENGW.L - Dividend Comparison
Neither QDVC.DE nor ENGW.L has paid dividends to shareholders.
Frequently Asked Questions
QDVC.DE and ENGW.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVC.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVC.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for ENGW.L.
QDVC.DE is categorized as Mid Cap Blend Equities, while ENGW.L is Energy Equities. QDVC.DE tracks MSCI USA Mid-Cap Equal Weighted, while ENGW.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for QDVC.DE and 0.30% for ENGW.L.
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