QDVS.DE vs. 84X0.DE

Last updated Jun 5, 2026

QDVS.DE (iShares MSCI EM SRI UCITS ETF) and 84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) are both Emerging Markets Equities funds from iShares - QDVS.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels while 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net). Both are passively managed. Over the past year, QDVS.DE returned 35.67% vs 67.73% for 84X0.DE. Their correlation of 0.85 suggests significant overlap in exposure. QDVS.DE charges 0.25%/yr vs 0.18%/yr for 84X0.DE.

Performance

QDVS.DE vs. 84X0.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI EM SRI UCITS ETF (QDVS.DE) and iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDVS.DE achieves a 17.24% return, which is significantly lower than 84X0.DE's 40.37% return.

QDVS.DE

• 1D: -1.71%
• 1M: 0.53%
• YTD: 17.24%
• 6M: 17.96%
• 1Y: 35.67%
• 3Y*: 14.20%
• 5Y*: 5.01%
• 10Y*: —

84X0.DE

• 1D: -1.73%
• 1M: 5.67%
• YTD: 40.37%
• 6M: 42.72%
• 1Y: 67.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QDVS.DE vs. 84X0.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QDVS.DE iShares MSCI EM SRI UCITS ETF	17.24%	16.78%	11.26%	0.58%
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc	40.37%	19.85%	9.62%	7.38%

Correlation

The correlation between QDVS.DE and 84X0.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	0.85

The correlation between QDVS.DE and 84X0.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

QDVS.DE vs. 84X0.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QDVS.DE

QDVS.DE Risk / Return Rank: 66
QDVS.DE Sharpe Ratio Rank: 64
QDVS.DE Sortino Ratio Rank: 64
QDVS.DE Omega Ratio Rank: 63
QDVS.DE Calmar Ratio Rank: 71
QDVS.DE Martin Ratio Rank: 69

84X0.DE

84X0.DE Risk / Return Rank: 93
84X0.DE Sharpe Ratio Rank: 94
84X0.DE Sortino Ratio Rank: 93
84X0.DE Omega Ratio Rank: 93
84X0.DE Calmar Ratio Rank: 91
84X0.DE Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QDVS.DE vs. 84X0.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF (QDVS.DE) and iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.

	QDVS.DE	84X0.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.11	3.52	-1.41
Sortino ratio: Return per unit of downside risk	2.92	4.51	-1.58
Omega ratio: Gain probability vs. loss probability	1.38	1.64	-0.26
Calmar ratio: Return relative to maximum drawdown	3.50	5.88	-2.38
Martin ratio: Return relative to average drawdown	12.67	21.92	-9.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDVS.DE vs. 84X0.DE - Sharpe Ratio Comparison

The current QDVS.DE Sharpe Ratio is 2.11, which is lower than the 84X0.DE Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of QDVS.DE and 84X0.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QDVS.DE	84X0.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	3.52	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.77	-1.37

Drawdowns

QDVS.DE vs. 84X0.DE - Drawdown Comparison

The maximum QDVS.DE drawdown since its inception was -36.51%, which is greater than 84X0.DE's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for QDVS.DE and 84X0.DE.

Drawdown Indicators

	QDVS.DE	84X0.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.51%	-19.72%	-16.79%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-11.66%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-20.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.09%	—	—
Current Drawdown Current decline from peak	-3.00%	-2.49%	-0.51%
Average Drawdown Average peak-to-trough decline	-8.82%	-2.70%	-6.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.13%	-0.31%

Volatility

QDVS.DE vs. 84X0.DE - Volatility Comparison

The current volatility for iShares MSCI EM SRI UCITS ETF (QDVS.DE) is 6.00%, while iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a volatility of 8.41%. This indicates that QDVS.DE experiences smaller price fluctuations and is considered to be less risky than 84X0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDVS.DE	84X0.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	8.41%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	16.93%	-3.09%
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	19.46%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	17.11%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.68%	17.11%	+1.57%

QDVS.DE vs. 84X0.DE - Expense Ratio Comparison

QDVS.DE has a 0.25% expense ratio, which is higher than 84X0.DE's 0.18% 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

QDVS.DE vs. 84X0.DE - Dividend Comparison

Neither QDVS.DE nor 84X0.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QDVS.DE and 84X0.DE in my portfolio?

With a correlation of 0.90, QDVS.DE and 84X0.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QDVS.DE or 84X0.DE?

On fees, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDVS.DE or 84X0.DE?

84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for QDVS.DE.

What is the main difference between QDVS.DE and 84X0.DE?

QDVS.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels, while 84X0.DE tracks MSCI Emerging Markets ex China Index (Net). Their fees differ too: 0.25% for QDVS.DE and 0.18% for 84X0.DE.