QDVC.DE vs. XMHQ

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Edge MSCI USA Size Factor UCITS ETF (QDVC.DE) and Invesco S&P MidCap Quality ETF (XMHQ).

QDVC.DE and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDVC.DE is a passively managed fund by iShares that tracks the performance of the MSCI USA Mid-Cap Equal Weighted. It was launched on Oct 13, 2016. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006. Both QDVC.DE and XMHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QDVC.DE vs. XMHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI USA Size Factor UCITS ETF (QDVC.DE) and Invesco S&P MidCap Quality ETF (XMHQ). The values are adjusted to include any dividend payments, if applicable.

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	-1.78%	-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	3.66%	-7.72%	24.50%	25.63%	-6.99%	30.03%	16.17%	30.05%	-4.81%	1.43%

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 -1.78% return, which is significantly lower than XMHQ's 3.66% return.

QDVC.DE

• 1D: 1.69%
• 1M: -4.37%
• YTD: -1.78%
• 6M: 0.04%
• 1Y: 1.82%
• 3Y*: 8.32%
• 5Y*: 5.74%
• 10Y*: —

XMHQ

• 1D: 0.90%
• 1M: -3.00%
• YTD: 3.66%
• 6M: 1.01%
• 1Y: 5.87%
• 3Y*: 12.45%
• 5Y*: 8.67%
• 10Y*: 12.36%

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

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%.

XMHQ

Invesco S&P MidCap Quality ETF

QDVC.DE

iShares Edge MSCI USA Size Factor UCITS ETF

Return for Risk

QDVC.DE vs. XMHQ — Risk / Return Rank

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

QDVC.DE

QDVC.DE Risk / Return Rank: 14
QDVC.DE Sharpe Ratio Rank: 14
QDVC.DE Sortino Ratio Rank: 13
QDVC.DE Omega Ratio Rank: 14
QDVC.DE Calmar Ratio Rank: 15
QDVC.DE Martin Ratio Rank: 15

XMHQ

XMHQ Risk / Return Rank: 38
XMHQ Sharpe Ratio Rank: 34
XMHQ Sortino Ratio Rank: 38
XMHQ Omega Ratio Rank: 34
XMHQ Calmar Ratio Rank: 43
XMHQ Martin Ratio Rank: 44

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.

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 ratio Return per unit of total volatility	0.10	0.27	-0.16
Sortino ratio Return per unit of downside risk	0.26	0.54	-0.28
Omega ratio Gain probability vs. loss probability	1.04	1.07	-0.03
Calmar ratio Return relative to maximum drawdown	0.17	0.53	-0.36
Martin ratio Return relative to average drawdown	0.54	1.70	-1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDVC.DE vs. XMHQ - Sharpe Ratio Comparison

The current QDVC.DE Sharpe Ratio is 0.10, which is lower than the XMHQ Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of QDVC.DE and XMHQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QDVC.DE	XMHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	0.27	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.43	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.45	+0.04

Correlation

The correlation between QDVC.DE and XMHQ is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 0.59%.

	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	0.59%	0.64%	5.20%	0.73%	1.72%	1.00%	1.12%	1.22%	1.59%	1.06%	1.63%	1.34%

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 -55.00%. Use the drawdown chart below to compare losses from any high point for QDVC.DE and XMHQ.

Drawdown Indicators

	QDVC.DE	XMHQ	Difference
Max Drawdown Largest peak-to-trough decline	-40.76%	-58.19%	+17.43%
Max Drawdown (1Y) Largest decline over 1 year	-15.23%	-12.54%	-2.69%
Max Drawdown (5Y) Largest decline over 5 years	-25.54%	-25.47%	-0.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.90%	—
Current Drawdown Current decline from peak	-10.73%	-4.40%	-6.33%
Average Drawdown Average peak-to-trough decline	-6.60%	-9.35%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	3.44%	-0.46%

Volatility

QDVC.DE vs. XMHQ - Volatility Comparison

The current volatility for iShares Edge MSCI USA Size Factor UCITS ETF (QDVC.DE) is 3.86%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 5.32%. 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.

Volatility by Period

	QDVC.DE	XMHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	5.32%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	11.66%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	22.28%	-4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	20.24%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	21.01%	-2.62%