QDVI.DE vs. EUNZ.DE
QDVI.DE (iShares Edge MSCI USA Value Factor UCITS ETF) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both exchange-traded funds - QDVI.DE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value, while EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, QDVI.DE returned 16.46%/yr vs 6.11%/yr for EUNZ.DE. A 0.59 correlation means they provide meaningful diversification when combined. QDVI.DE charges 0.20%/yr vs 0.40%/yr for EUNZ.DE.
Performance
QDVI.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVI.DE achieves a 43.32% return, which is significantly higher than EUNZ.DE's 17.55% return.
QDVI.DE
- 1D
- -2.14%
- 1M
- -4.08%
- 6M
- 36.82%
- YTD
- 43.32%
- 1Y
- 72.94%
- 3Y*
- 28.34%
- 5Y*
- 16.46%
- 10Y*
- —
EUNZ.DE
- 1D
- -0.49%
- 1M
- -3.86%
- 6M
- 13.34%
- YTD
- 17.55%
- 1Y
- 20.74%
- 3Y*
- 11.46%
- 5Y*
- 6.11%
- 10Y*
- 5.44%
QDVI.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVI.DE iShares Edge MSCI USA Value Factor UCITS ETF | 43.32% | 18.62% | 12.57% | 10.74% | -9.92% | 41.15% | -10.83% | 29.88% | -8.08% | 6.91% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 17.55% | -0.12% | 15.71% | 3.83% | -8.85% | 13.09% | -2.49% | 10.54% | -1.87% | 11.39% |
Correlation
The correlation between QDVI.DE and EUNZ.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.59 |
The correlation between QDVI.DE and EUNZ.DE shifts across timeframes, from 0.52 (5 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDVI.DE vs. EUNZ.DE — Risk / Return Rank
QDVI.DE
EUNZ.DE
QDVI.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF (QDVI.DE) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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.
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.
| QDVI.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.28 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 10.52 | 2.75 | +7.77 |
| Martin ratioReturn relative to average drawdown | 38.54 | 8.71 | +29.83 |
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Drawdowns
QDVI.DE vs. EUNZ.DE - Drawdown Comparison
The maximum QDVI.DE drawdown since its inception was -38.94%, which is greater than EUNZ.DE's maximum drawdown of -34.03%. Use the drawdown chart below to compare losses from any high point for QDVI.DE and EUNZ.DE.
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Drawdown Indicators
| QDVI.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.94% | -34.03% | -4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -7.51% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.11% | -14.00% | -9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.11% | -14.00% | -9.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.16% | — |
Current DrawdownCurrent decline from peak | -6.60% | -6.05% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -10.15% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.38% | -0.49% |
Volatility
QDVI.DE vs. EUNZ.DE - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF (QDVI.DE) has a higher volatility of 7.30% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 6.29%. This indicates that QDVI.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVI.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 6.29% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 12.33% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 13.94% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 11.77% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 13.38% | +5.52% |
QDVI.DE vs. EUNZ.DE - Expense Ratio Comparison
QDVI.DE has a 0.20% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
QDVI.DE vs. EUNZ.DE - Dividend Comparison
Neither QDVI.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVI.DE and EUNZ.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVI.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVI.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for EUNZ.DE.
QDVI.DE is categorized as Large Cap Value Equities, while EUNZ.DE is Emerging Markets Equities. QDVI.DE tracks MSCI USA Enhanced Value, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. Their fees differ too: 0.20% for QDVI.DE and 0.40% for EUNZ.DE.
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