QDVP.DE vs. IS04.DE
QDVP.DE (iShares US Mortgage Backed Securities UCITS ETF) and IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both exchange-traded funds - QDVP.DE is a Mortgage Backed Securities fund tracking the Bloomberg US Mortgage Backed Securities Index, while IS04.DE is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, QDVP.DE returned 0.86%/yr vs -1.74%/yr for IS04.DE. A 0.65 correlation means they provide meaningful diversification when combined. QDVP.DE charges 0.28%/yr vs 0.07%/yr for IS04.DE.
Performance
QDVP.DE vs. IS04.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVP.DE achieves a 1.51% return, which is significantly higher than IS04.DE's 0.81% return. Over the past 10 years, QDVP.DE has outperformed IS04.DE with an annualized return of 0.86%, while IS04.DE has yielded a comparatively lower -1.74% annualized return.
QDVP.DE
- 1D
- 0.04%
- 1M
- 0.99%
- YTD
- 1.51%
- 6M
- 1.08%
- 1Y
- 4.47%
- 3Y*
- 1.34%
- 5Y*
- 1.05%
- 10Y*
- 0.86%
IS04.DE
- 1D
- 0.41%
- 1M
- 0.97%
- YTD
- 0.81%
- 6M
- -0.32%
- 1Y
- 2.27%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
QDVP.DE vs. IS04.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 1.51% | -3.56% | 7.02% | 0.27% | -6.06% | 6.72% | -5.61% | 9.05% | 4.99% | -10.02% |
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -4.33% |
Correlation
The correlation between QDVP.DE and IS04.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 30, 2016 | 0.65 |
The correlation between QDVP.DE and IS04.DE shifts across timeframes, from 0.64 (1 year) to 0.75 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
QDVP.DE vs. IS04.DE — Risk / Return Rank
QDVP.DE
IS04.DE
QDVP.DE vs. IS04.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF (QDVP.DE) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.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.
| QDVP.DE | IS04.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.04 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.29 | +0.94 |
| Martin ratioReturn relative to average drawdown | 3.10 | 0.62 | +2.49 |
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
| QDVP.DE | IS04.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.22 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.34 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | -0.12 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.09 | +0.18 |
Drawdowns
QDVP.DE vs. IS04.DE - Drawdown Comparison
The maximum QDVP.DE drawdown since its inception was -16.57%, smaller than the maximum IS04.DE drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for QDVP.DE and IS04.DE.
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Drawdown Indicators
| QDVP.DE | IS04.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.57% | -47.19% | +30.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -7.33% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -18.47% | +7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.91% | -40.05% | +25.14% |
Max Drawdown (10Y)Largest decline over 10 years | -16.57% | -47.19% | +30.62% |
Current DrawdownCurrent decline from peak | -7.63% | -43.69% | +36.06% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -21.89% | +14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 3.45% | -2.08% |
Volatility
QDVP.DE vs. IS04.DE - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF (QDVP.DE) is 0.92%, while iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a volatility of 2.47%. This indicates that QDVP.DE experiences smaller price fluctuations and is considered to be less risky than IS04.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVP.DE | IS04.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 2.47% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 6.52% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.62% | 9.70% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 15.21% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 14.69% | -7.13% |
QDVP.DE vs. IS04.DE - Expense Ratio Comparison
QDVP.DE has a 0.28% expense ratio, which is higher than IS04.DE's 0.07% expense ratio.
Dividends
QDVP.DE vs. IS04.DE - Dividend Comparison
QDVP.DE's dividend yield for the trailing twelve months is around 3.58%, less than IS04.DE's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 3.58% | 3.63% | 3.51% | 3.27% | 2.45% | 2.19% | 2.69% | 2.99% | 3.03% | 3.04% | 1.54% | 0.00% |
Frequently Asked Questions
QDVP.DE and IS04.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.28% for QDVP.DE.
QDVP.DE is categorized as Mortgage Backed Securities, while IS04.DE is Government Bonds. QDVP.DE tracks Bloomberg US Mortgage Backed Securities Index, while IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.28% for QDVP.DE and 0.07% for IS04.DE.
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