QDVE.DE vs. XLK
QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds - QDVE.DE tracks the S&P 500 Capped 35/20 Information Technology Index while XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 10 years, QDVE.DE returned 26.04%/yr vs 24.73%/yr for XLK. A 0.64 correlation means they provide meaningful diversification when combined. QDVE.DE charges 0.15%/yr vs 0.08%/yr for XLK.
Performance
QDVE.DE vs. XLK - Performance Comparison
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Different Trading Currencies
QDVE.DE is traded in EUR, while XLK is traded in USD. To make them comparable, the XLK 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 24.06% return, which is significantly lower than XLK's 30.45% return. Over the past 10 years, QDVE.DE has outperformed XLK with an annualized return of 26.04%, while XLK has yielded a comparatively lower 24.73% annualized return.
QDVE.DE
- 1D
- -2.26%
- 1M
- 8.95%
- YTD
- 24.06%
- 6M
- 21.22%
- 1Y
- 48.40%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
XLK
- 1D
- 2.03%
- 1M
- 7.22%
- YTD
- 30.45%
- 6M
- 26.22%
- 1Y
- 53.53%
- 3Y*
- 28.30%
- 5Y*
- 23.60%
- 10Y*
- 24.73%
QDVE.DE vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -25.83% | 46.77% | 29.69% | 53.86% | 3.04% | 21.00% |
XLK State Street Technology Select Sector SPDR ETF | 30.45% | 9.82% | 29.66% | 51.34% | -23.25% | 44.82% | 31.78% | 53.24% | 2.94% | 17.76% |
Correlation
The correlation between QDVE.DE and XLK 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 (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.64 |
The correlation between QDVE.DE and XLK has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
QDVE.DE vs. XLK — Risk / Return Rank
QDVE.DE
XLK
QDVE.DE vs. XLK - 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 State Street Technology Select Sector SPDR ETF (XLK). 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 | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 3.61 | -0.47 |
| Martin ratioReturn relative to average drawdown | 8.31 | 10.41 | -2.10 |
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 | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.46 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.96 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.19 | 1.00 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.76 | +0.31 |
Drawdowns
QDVE.DE vs. XLK - Drawdown Comparison
The maximum QDVE.DE drawdown since its inception was -31.45%, smaller than the maximum XLK drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for QDVE.DE and XLK.
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Drawdown Indicators
| QDVE.DE | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -45.64% | +14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -14.89% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -29.83% | -29.64% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.83% | -29.64% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -31.45% | -31.74% | +0.29% |
Current DrawdownCurrent decline from peak | -3.08% | -6.30% | +3.22% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -7.86% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 5.16% | +0.75% |
Volatility
QDVE.DE vs. XLK - Volatility Comparison
The current volatility for iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) is 7.12%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 9.54%. This indicates that QDVE.DE experiences smaller price fluctuations and is considered to be less risky than XLK 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 | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.12% | 9.54% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 17.42% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.42% | 21.90% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.71% | 24.74% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 24.89% | -3.16% |
QDVE.DE vs. XLK - Expense Ratio Comparison
QDVE.DE has a 0.15% expense ratio, which is higher than XLK's 0.08% 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. XLK - Dividend Comparison
QDVE.DE has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDVE.DE iShares S&P 500 Information Technology Sector 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% |
XLK State Street Technology Select Sector SPDR ETF | 0.41% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
QDVE.DE and XLK 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, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLK is cheaper with a 0.08% expense ratio, compared with 0.15% for QDVE.DE.
QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for QDVE.DE and 0.08% for XLK.
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