QDVE.DE vs. EXCS.L
QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) and EXCS.L (iShares MSCI EM ex-China UCITS ETF USD (Acc)) are both exchange-traded funds - QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index, while EXCS.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, QDVE.DE returned 28.42%/yr vs 23.81%/yr for EXCS.L. A 0.55 correlation means they provide meaningful diversification when combined. QDVE.DE charges 0.15%/yr vs 0.18%/yr for EXCS.L.
Performance
QDVE.DE vs. EXCS.L - Performance Comparison
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Different Trading Currencies
QDVE.DE is traded in EUR, while EXCS.L is traded in GBP. To make them comparable, the EXCS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QDVE.DE achieves a 18.83% return, which is significantly lower than EXCS.L's 38.76% return.
QDVE.DE
- 1D
- 2.52%
- 1M
- -0.05%
- YTD
- 18.83%
- 6M
- 20.81%
- 1Y
- 43.45%
- 3Y*
- 28.42%
- 5Y*
- 23.77%
- 10Y*
- 25.61%
EXCS.L
- 1D
- 3.28%
- 1M
- 4.22%
- YTD
- 38.76%
- 6M
- 43.53%
- 1Y
- 66.03%
- 3Y*
- 23.81%
- 5Y*
- —
- 10Y*
- —
QDVE.DE vs. EXCS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 18.83% | 10.01% | 46.09% | 54.17% | -25.82% | 2.68% |
EXCS.L iShares MSCI EM ex-China UCITS ETF USD (Acc) | 38.76% | 19.64% | 10.51% | 13.39% | -13.13% | -25.45% |
Correlation
The correlation between QDVE.DE and EXCS.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.55 |
The correlation between QDVE.DE and EXCS.L shifts across timeframes, from 0.55 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDVE.DE vs. EXCS.L — Risk / Return Rank
QDVE.DE
EXCS.L
QDVE.DE vs. EXCS.L - 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 MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QDVE.DE | EXCS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.56 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 5.30 | -2.59 |
| Martin ratioReturn relative to average drawdown | 7.03 | 19.36 | -12.33 |
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Drawdowns
QDVE.DE vs. EXCS.L - Drawdown Comparison
The maximum QDVE.DE drawdown since its inception was -31.40%, smaller than the maximum EXCS.L drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for QDVE.DE and EXCS.L.
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Drawdown Indicators
| QDVE.DE | EXCS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.40% | -36.91% | +5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -15.60% | -12.08% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -19.99% | -9.82% |
Max Drawdown (5Y)Largest decline over 5 years | -29.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.40% | — | — |
Current DrawdownCurrent decline from peak | -7.15% | -3.41% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -22.29% | +16.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 3.31% | +2.72% |
Volatility
QDVE.DE vs. EXCS.L - Volatility Comparison
The current volatility for iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) is 8.02%, while iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) has a volatility of 9.03%. This indicates that QDVE.DE experiences smaller price fluctuations and is considered to be less risky than EXCS.L 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 | EXCS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 9.03% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.46% | 17.89% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.88% | 20.57% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.78% | 24.57% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 24.57% | -2.82% |
QDVE.DE vs. EXCS.L - Expense Ratio Comparison
QDVE.DE has a 0.15% expense ratio, which is lower than EXCS.L's 0.18% 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
QDVE.DE vs. EXCS.L - Dividend Comparison
Neither QDVE.DE nor EXCS.L has paid dividends to shareholders.
Frequently Asked Questions
QDVE.DE and EXCS.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for EXCS.L.
QDVE.DE is categorized as Technology Equities, while EXCS.L is Emerging Markets Equities. QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index, while EXCS.L tracks MSCI EM NR USD. Their fees differ too: 0.15% for QDVE.DE and 0.18% for EXCS.L.
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