QDVC.DE vs. XMHQ
QDVC.DE (iShares Edge MSCI USA Size Factor UCITS ETF) and XMHQ (Invesco S&P MidCap Quality ETF) are both Mid Cap Blend Equities funds - QDVC.DE tracks the MSCI USA Mid-Cap Equal Weighted while XMHQ tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 5 years, QDVC.DE returned 7.22%/yr vs 10.55%/yr for XMHQ. A 0.61 correlation means they provide meaningful diversification when combined. QDVC.DE charges 0.20%/yr vs 0.25%/yr for XMHQ.
Performance
QDVC.DE vs. XMHQ - Performance Comparison
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Different Trading Currencies
QDVC.DE is traded in EUR, while XMHQ is traded in USD. To make them comparable, the XMHQ 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 7.91% return, which is significantly lower than XMHQ's 11.52% return.
QDVC.DE
- 1D
- -0.05%
- 1M
- 4.30%
- YTD
- 7.91%
- 6M
- 8.90%
- 1Y
- 14.51%
- 3Y*
- 11.43%
- 5Y*
- 7.22%
- 10Y*
- —
XMHQ
- 1D
- 0.57%
- 1M
- 3.46%
- YTD
- 11.52%
- 6M
- 9.91%
- 1Y
- 13.38%
- 3Y*
- 14.20%
- 5Y*
- 10.55%
- 10Y*
- 12.50%
QDVC.DE vs. XMHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVC.DE iShares Edge MSCI USA Size Factor UCITS ETF | 7.91% | -3.21% | 19.27% | 13.21% | -13.60% | 37.66% | 6.30% | 31.46% | -6.82% | 4.09% |
XMHQ Invesco S&P MidCap Quality ETF | 11.52% | -7.72% | 24.50% | 25.63% | -6.99% | 30.03% | 16.17% | 30.05% | -4.81% | 1.43% |
Correlation
The correlation between QDVC.DE and XMHQ is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.61 |
The correlation between QDVC.DE and XMHQ has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
QDVC.DE vs. XMHQ — Risk / Return Rank
QDVC.DE
XMHQ
QDVC.DE vs. XMHQ - 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 Invesco S&P MidCap Quality ETF (XMHQ). 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 | XMHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.72 | +0.16 |
| Martin ratioReturn relative to average drawdown | 5.70 | 4.65 | +1.05 |
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 | XMHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.88 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.52 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.49 | +0.05 |
Drawdowns
QDVC.DE vs. XMHQ - Drawdown Comparison
The maximum QDVC.DE drawdown since its inception was -40.76%, smaller than the maximum XMHQ drawdown of -52.05%. Use the drawdown chart below to compare losses from any high point for QDVC.DE and XMHQ.
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Drawdown Indicators
| QDVC.DE | XMHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.76% | -52.05% | +11.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -7.83% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -28.00% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.54% | -28.00% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.42% | — |
Current DrawdownCurrent decline from peak | -1.93% | -5.86% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -9.42% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.88% | -0.34% |
Volatility
QDVC.DE vs. XMHQ - Volatility Comparison
The current volatility for iShares Edge MSCI USA Size Factor UCITS ETF (QDVC.DE) is 2.98%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 3.65%. This indicates that QDVC.DE experiences smaller price fluctuations and is considered to be less risky than XMHQ 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 | XMHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 3.65% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 10.74% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 15.26% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 20.21% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 20.97% | -2.69% |
QDVC.DE vs. XMHQ - Expense Ratio Comparison
QDVC.DE has a 0.20% expense ratio, which is lower than XMHQ's 0.25% expense ratio. Despite the difference, 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. XMHQ - Dividend Comparison
QDVC.DE has not paid dividends to shareholders, while XMHQ's dividend yield for the trailing twelve months is around 0.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDVC.DE iShares Edge MSCI USA Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMHQ Invesco S&P MidCap Quality ETF | 0.55% | 0.64% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% |
Frequently Asked Questions
QDVC.DE and XMHQ have a correlation of 0.62, 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 0.25% for XMHQ.
QDVC.DE tracks MSCI USA Mid-Cap Equal Weighted, while XMHQ tracks S&P MidCap 400 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for QDVC.DE and 0.25% for XMHQ.
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