QDVX.DE vs. ESNB.DE
QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - QDVX.DE tracks the MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, QDVX.DE returned 11.31%/yr vs -1.81%/yr for ESNB.DE. At a 0.00 correlation, their price movements are largely independent. QDVX.DE charges 0.28%/yr vs 1.38%/yr for ESNB.DE.
Performance
QDVX.DE vs. ESNB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVX.DE achieves a 11.40% return, which is significantly higher than ESNB.DE's -6.99% return.
QDVX.DE
- 1D
- 0.42%
- 1M
- 2.73%
- 6M
- 9.72%
- YTD
- 11.40%
- 1Y
- 16.70%
- 3Y*
- 13.02%
- 5Y*
- 11.31%
- 10Y*
- —
ESNB.DE
- 1D
- 0.23%
- 1M
- -0.56%
- 6M
- -5.83%
- YTD
- -6.99%
- 1Y
- -5.51%
- 3Y*
- -1.61%
- 5Y*
- -1.81%
- 10Y*
- —
QDVX.DE vs. ESNB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 11.40% | 11.29% | 10.80% | 15.21% | 0.82% | 18.84% | -10.01% | 26.71% | -4.95% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -6.99% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
Correlation
The correlation between QDVX.DE and ESNB.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.00 |
The correlation between QDVX.DE and ESNB.DE shifts across timeframes, from 0.00 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDVX.DE vs. ESNB.DE — Risk / Return Rank
QDVX.DE
ESNB.DE
QDVX.DE vs. ESNB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.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.
| QDVX.DE | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.91 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | -0.53 | +2.55 |
| Martin ratioReturn relative to average drawdown | 6.77 | -1.12 | +7.88 |
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Drawdowns
QDVX.DE vs. ESNB.DE - Drawdown Comparison
The maximum QDVX.DE drawdown since its inception was -38.42%, which is greater than ESNB.DE's maximum drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for QDVX.DE and ESNB.DE.
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Drawdown Indicators
| QDVX.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.42% | -22.77% | -15.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -10.40% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | -12.60% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -15.85% | +1.23% |
Current DrawdownCurrent decline from peak | -0.42% | -13.67% | +13.25% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -8.44% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 4.91% | -2.45% |
Volatility
QDVX.DE vs. ESNB.DE - Volatility Comparison
The current volatility for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) is 2.59%, while Expat Serbia BELEX15 UCITS ETF (ESNB.DE) has a volatility of 3.05%. This indicates that QDVX.DE experiences smaller price fluctuations and is considered to be less risky than ESNB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVX.DE | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.05% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 6.22% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 9.72% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 10.52% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 12.11% | +3.16% |
QDVX.DE vs. ESNB.DE - Expense Ratio Comparison
QDVX.DE has a 0.28% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
QDVX.DE vs. ESNB.DE - Dividend Comparison
QDVX.DE's dividend yield for the trailing twelve months is around 3.02%, while ESNB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ESNB.DE Expat Serbia BELEX15 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 3.02% | 3.02% | 3.11% | 3.58% | 4.25% | 4.50% | 3.25% | 4.45% | 5.20% | 0.74% |
Frequently Asked Questions
QDVX.DE and ESNB.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVX.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVX.DE is cheaper with a 0.28% expense ratio, compared with 1.38% for ESNB.DE.
QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.28% for QDVX.DE and 1.38% for ESNB.DE.
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