QDVC.DE vs. SPYL.DE
QDVC.DE (iShares Edge MSCI USA Size Factor UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - QDVC.DE is a Mid Cap Blend Equities fund tracking the MSCI USA Mid-Cap Equal Weighted, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, QDVC.DE returned 14.76% vs 25.61% for SPYL.DE. A 0.75 correlation means they provide meaningful diversification when combined. QDVC.DE charges 0.20%/yr vs 0.03%/yr for SPYL.DE.
Performance
QDVC.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVC.DE achieves a 8.40% return, which is significantly lower than SPYL.DE's 11.37% 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*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDVC.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QDVC.DE iShares Edge MSCI USA Size Factor UCITS ETF | 8.40% | -3.21% | 19.27% | 15.77% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between QDVC.DE and SPYL.DE is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.75 |
The correlation between QDVC.DE and SPYL.DE has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
QDVC.DE vs. SPYL.DE — Risk / Return Rank
QDVC.DE
SPYL.DE
QDVC.DE vs. SPYL.DE - 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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| QDVC.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.58 | -1.67 |
| Martin ratioReturn relative to average drawdown | 5.80 | 12.72 | -6.93 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.21 | -1.02 |
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 | 1.54 | -1.00 |
Drawdowns
QDVC.DE vs. SPYL.DE - Drawdown Comparison
The maximum QDVC.DE drawdown since its inception was -40.76%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for QDVC.DE and SPYL.DE.
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Drawdown Indicators
| QDVC.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.76% | -23.27% | -17.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -7.13% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.54% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -0.46% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -3.24% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.01% | +0.53% |
Volatility
QDVC.DE vs. SPYL.DE - Volatility Comparison
iShares Edge MSCI USA Size Factor UCITS ETF (QDVC.DE) has a higher volatility of 2.89% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that QDVC.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE 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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.66% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 7.57% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 11.52% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 14.61% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 14.61% | +3.67% |
QDVC.DE vs. SPYL.DE - Expense Ratio Comparison
QDVC.DE has a 0.20% expense ratio, which is higher than SPYL.DE's 0.03% 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
QDVC.DE vs. SPYL.DE - Dividend Comparison
Neither QDVC.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVC.DE and SPYL.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.20% for QDVC.DE.
QDVC.DE is categorized as Mid Cap Blend Equities, while SPYL.DE is S&P 500. QDVC.DE tracks MSCI USA Mid-Cap Equal Weighted, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for QDVC.DE and 0.03% for SPYL.DE.
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