QDVH.DE vs. ETL2.DE
QDVH.DE (iShares S&P 500 Financials Sector UCITS ETF (Acc)) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - QDVH.DE is a Financials Equities fund tracking the S&P 500 Capped 35/20 Financials, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, QDVH.DE returned 11.95%/yr vs 8.17%/yr for ETL2.DE. At a 0.28 correlation, their price movements are largely independent. QDVH.DE charges 0.15%/yr vs 0.30%/yr for ETL2.DE.
Performance
QDVH.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVH.DE achieves a -4.21% return, which is significantly lower than ETL2.DE's 18.23% return. Over the past 10 years, QDVH.DE has outperformed ETL2.DE with an annualized return of 11.95%, while ETL2.DE has yielded a comparatively lower 8.17% annualized return.
QDVH.DE
- 1D
- 3.16%
- 1M
- 1.56%
- YTD
- -4.21%
- 6M
- -2.14%
- 1Y
- 2.40%
- 3Y*
- 15.33%
- 5Y*
- 8.98%
- 10Y*
- 11.95%
ETL2.DE
- 1D
- -1.24%
- 1M
- 0.52%
- YTD
- 18.23%
- 6M
- 18.72%
- 1Y
- 27.69%
- 3Y*
- 10.87%
- 5Y*
- 13.12%
- 10Y*
- 8.17%
QDVH.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVH.DE iShares S&P 500 Financials Sector UCITS ETF (Acc) | -4.21% | 3.01% | 37.13% | 8.44% | -6.23% | 48.50% | -12.20% | 35.41% | -10.71% | 7.92% |
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 18.23% | 4.89% | 11.54% | -9.44% | 24.86% | 46.17% | -7.55% | 10.85% | -4.21% | -9.85% |
Correlation
The correlation between QDVH.DE and ETL2.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.28 |
The correlation between QDVH.DE and ETL2.DE shifts across timeframes, from -0.06 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QDVH.DE vs. ETL2.DE — Risk / Return Rank
QDVH.DE
ETL2.DE
QDVH.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Financials Sector UCITS ETF (Acc) (QDVH.DE) and L&G Longer Dated All Commodities UCITS ETF (ETL2.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.
| QDVH.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.33 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.59 | -3.44 |
| Martin ratioReturn relative to average drawdown | 0.33 | 8.20 | -7.86 |
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
| QDVH.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 1.87 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.84 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.59 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.25 | +0.23 |
Drawdowns
QDVH.DE vs. ETL2.DE - Drawdown Comparison
The maximum QDVH.DE drawdown since its inception was -42.39%, smaller than the maximum ETL2.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for QDVH.DE and ETL2.DE.
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Drawdown Indicators
| QDVH.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.39% | -47.04% | +4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -7.90% | -4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.72% | -15.06% | -6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -23.27% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -42.39% | -26.50% | -15.89% |
Current DrawdownCurrent decline from peak | -9.46% | -3.57% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -21.90% | +14.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 3.46% | +2.09% |
Volatility
QDVH.DE vs. ETL2.DE - Volatility Comparison
The current volatility for iShares S&P 500 Financials Sector UCITS ETF (Acc) (QDVH.DE) is 4.30%, while L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) has a volatility of 4.60%. This indicates that QDVH.DE experiences smaller price fluctuations and is considered to be less risky than ETL2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVH.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.60% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 12.74% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.63% | 15.15% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 15.44% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.90% | 13.69% | +7.21% |
QDVH.DE vs. ETL2.DE - Expense Ratio Comparison
QDVH.DE has a 0.15% expense ratio, which is lower than ETL2.DE's 0.30% expense ratio.
Dividends
QDVH.DE vs. ETL2.DE - Dividend Comparison
Neither QDVH.DE nor ETL2.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVH.DE and ETL2.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVH.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVH.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ETL2.DE.
QDVH.DE is categorized as Financials Equities, while ETL2.DE is Commodities. QDVH.DE tracks S&P 500 Capped 35/20 Financials, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.15% for QDVH.DE and 0.30% for ETL2.DE.
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