QDVG.DE vs. SPYH.DE
QDVG.DE (iShares S&P 500 Health Care Sector UCITS ETF (Acc)) and SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds - QDVG.DE tracks the S&P 500 Capped 35/20 Health Care while SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped. Both are passively managed. Over the past 10 years, QDVG.DE returned 8.96%/yr vs 6.16%/yr for SPYH.DE. A 0.64 correlation means they provide meaningful diversification when combined. QDVG.DE charges 0.15%/yr vs 0.18%/yr for SPYH.DE.
Performance
QDVG.DE vs. SPYH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVG.DE achieves a -1.02% return, which is significantly higher than SPYH.DE's -1.97% return. Over the past 10 years, QDVG.DE has outperformed SPYH.DE with an annualized return of 8.96%, while SPYH.DE has yielded a comparatively lower 6.16% annualized return.
QDVG.DE
- 1D
- 2.86%
- 1M
- 5.53%
- YTD
- -1.02%
- 6M
- -0.23%
- 1Y
- 13.09%
- 3Y*
- 3.69%
- 5Y*
- 6.75%
- 10Y*
- 8.96%
SPYH.DE
- 1D
- 3.34%
- 1M
- 1.68%
- YTD
- -1.97%
- 6M
- -0.27%
- 1Y
- 6.32%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
QDVG.DE vs. SPYH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVG.DE iShares S&P 500 Health Care Sector UCITS ETF (Acc) | -1.02% | 1.65% | 8.47% | -1.74% | 3.30% | 37.81% | 1.69% | 24.75% | 8.90% | 7.28% |
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
Correlation
The correlation between QDVG.DE and SPYH.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.64 |
The correlation between QDVG.DE and SPYH.DE has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
QDVG.DE vs. SPYH.DE — Risk / Return Rank
QDVG.DE
SPYH.DE
QDVG.DE vs. SPYH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Health Care Sector UCITS ETF (Acc) (QDVG.DE) and SPDR MSCI Europe Health Care UCITS ETF (SPYH.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.
| QDVG.DE | SPYH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.50 | +0.71 |
| Martin ratioReturn relative to average drawdown | 2.96 | 1.10 | +1.86 |
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
| QDVG.DE | SPYH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.37 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.36 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.39 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.43 | +0.06 |
Drawdowns
QDVG.DE vs. SPYH.DE - Drawdown Comparison
The maximum QDVG.DE drawdown since its inception was -26.77%, roughly equal to the maximum SPYH.DE drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for QDVG.DE and SPYH.DE.
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Drawdown Indicators
| QDVG.DE | SPYH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -26.62% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.74% | -12.58% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -26.62% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -26.62% | +3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -26.77% | -26.62% | -0.15% |
Current DrawdownCurrent decline from peak | -7.31% | -10.72% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -8.61% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 5.73% | -1.32% |
Volatility
QDVG.DE vs. SPYH.DE - Volatility Comparison
The current volatility for iShares S&P 500 Health Care Sector UCITS ETF (Acc) (QDVG.DE) is 5.24%, while SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a volatility of 6.01%. This indicates that QDVG.DE experiences smaller price fluctuations and is considered to be less risky than SPYH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVG.DE | SPYH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 6.01% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 12.04% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 17.05% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 15.76% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 15.82% | -0.05% |
QDVG.DE vs. SPYH.DE - Expense Ratio Comparison
QDVG.DE has a 0.15% expense ratio, which is lower than SPYH.DE'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
QDVG.DE vs. SPYH.DE - Dividend Comparison
Neither QDVG.DE nor SPYH.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVG.DE and SPYH.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVG.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVG.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYH.DE.
QDVG.DE tracks S&P 500 Capped 35/20 Health Care, while SPYH.DE tracks MSCI Europe Health Care 20/35 Capped. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for QDVG.DE and 0.18% for SPYH.DE.
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