QDVE.DE vs. ERNX.DE
QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both exchange-traded funds - QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index, while ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, QDVE.DE returned 30.81%/yr vs 3.33%/yr for ERNX.DE. At a correlation of -0.04, they often move in opposite directions. QDVE.DE charges 0.15%/yr vs 0.09%/yr for ERNX.DE.
Performance
QDVE.DE vs. ERNX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVE.DE achieves a 24.06% return, which is significantly higher than ERNX.DE's 0.87% return.
QDVE.DE
- 1D
- -2.26%
- 1M
- 11.84%
- YTD
- 24.06%
- 6M
- 22.46%
- 1Y
- 48.25%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.28%
- YTD
- 0.87%
- 6M
- 0.97%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
QDVE.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -16.00% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
Correlation
The correlation between QDVE.DE and ERNX.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | -0.04 |
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Return for Risk
QDVE.DE vs. ERNX.DE — Risk / Return Rank
QDVE.DE
ERNX.DE
QDVE.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) and iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.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.
| QDVE.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.67 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 10.99 | -7.84 |
| Martin ratioReturn relative to average drawdown | 8.31 | 54.93 | -46.62 |
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
| QDVE.DE | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.94 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 3.90 | -2.83 |
Drawdowns
QDVE.DE vs. ERNX.DE - Drawdown Comparison
The maximum QDVE.DE drawdown since its inception was -31.45%, which is greater than ERNX.DE's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for QDVE.DE and ERNX.DE.
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Drawdown Indicators
| QDVE.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -0.83% | -30.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -0.20% | -15.39% |
Max Drawdown (3Y)Largest decline over 3 years | -29.83% | -0.20% | -29.63% |
Max Drawdown (5Y)Largest decline over 5 years | -29.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.45% | — | — |
Current DrawdownCurrent decline from peak | -3.08% | -0.00% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -0.09% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 0.04% | +5.87% |
Volatility
QDVE.DE vs. ERNX.DE - Volatility Comparison
iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a higher volatility of 7.12% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.17%. This indicates that QDVE.DE's price experiences larger fluctuations and is considered to be riskier than ERNX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVE.DE | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.12% | 0.17% | +6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 0.56% | +14.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.42% | 0.74% | +19.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.71% | 0.68% | +22.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 0.68% | +21.05% |
QDVE.DE vs. ERNX.DE - Expense Ratio Comparison
QDVE.DE has a 0.15% expense ratio, which is higher than ERNX.DE's 0.09% 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
QDVE.DE vs. ERNX.DE - Dividend Comparison
Neither QDVE.DE nor ERNX.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVE.DE and ERNX.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNX.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNX.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for QDVE.DE.
QDVE.DE is categorized as Technology Equities, while ERNX.DE is Ultrashort Bond. QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Their fees differ too: 0.15% for QDVE.DE and 0.09% for ERNX.DE.
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