QDVX.DE vs. IESE.AS

Last updated Jun 5, 2026

QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) and IESE.AS (iShares MSCI Europe SRI UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - QDVX.DE tracks the MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select while IESE.AS tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, QDVX.DE returned 10.16%/yr vs 5.38%/yr for IESE.AS. Their correlation of 0.87 suggests significant overlap in exposure. QDVX.DE charges 0.28%/yr vs 0.20%/yr for IESE.AS.

Performance

QDVX.DE vs. IESE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) and iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDVX.DE achieves a 4.78% return, which is significantly lower than IESE.AS's 7.16% return.

QDVX.DE

• 1D: 0.51%
• 1M: -0.32%
• YTD: 4.78%
• 6M: 6.26%
• 1Y: 7.42%
• 3Y*: 10.77%
• 5Y*: 10.16%
• 10Y*: —

IESE.AS

• 1D: 0.85%
• 1M: 1.61%
• YTD: 7.16%
• 6M: 8.45%
• 1Y: 5.82%
• 3Y*: 7.02%
• 5Y*: 5.38%
• 10Y*: 7.87%

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

QDVX.DE vs. IESE.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)	4.78%	11.35%	10.70%	15.30%	0.75%	19.00%	-10.08%	26.55%	-6.30%	2.31%
IESE.AS iShares MSCI Europe SRI UCITS ETF EUR (Acc)	7.16%	2.40%	6.46%	16.38%	-14.87%	27.26%	3.74%	29.04%	-6.71%	2.90%

Correlation

The correlation between QDVX.DE and IESE.AS is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 24, 2017	0.87

The correlation between QDVX.DE and IESE.AS has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

QDVX.DE vs. IESE.AS — Risk / Return Rank

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

QDVX.DE

QDVX.DE Risk / Return Rank: 21
QDVX.DE Sharpe Ratio Rank: 21
QDVX.DE Sortino Ratio Rank: 20
QDVX.DE Omega Ratio Rank: 21
QDVX.DE Calmar Ratio Rank: 22
QDVX.DE Martin Ratio Rank: 23

IESE.AS

IESE.AS Risk / Return Rank: 15
IESE.AS Sharpe Ratio Rank: 15
IESE.AS Sortino Ratio Rank: 15
IESE.AS Omega Ratio Rank: 15
IESE.AS Calmar Ratio Rank: 16
IESE.AS Martin Ratio Rank: 16

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.

QDVX.DE vs. IESE.AS - 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 iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS). 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.

	QDVX.DE	IESE.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.40	+0.30
Sortino ratio: Return per unit of downside risk	1.03	0.67	+0.36
Omega ratio: Gain probability vs. loss probability	1.13	1.08	+0.05
Calmar ratio: Return relative to maximum drawdown	0.94	0.53	+0.41
Martin ratio: Return relative to average drawdown	2.94	1.40	+1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDVX.DE vs. IESE.AS - Sharpe Ratio Comparison

The current QDVX.DE Sharpe Ratio is 0.69, which is higher than the IESE.AS Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of QDVX.DE and IESE.AS, 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

	QDVX.DE	IESE.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.40	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.37	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.51	0.00

Drawdowns

QDVX.DE vs. IESE.AS - Drawdown Comparison

The maximum QDVX.DE drawdown since its inception was -38.46%, which is greater than IESE.AS's maximum drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for QDVX.DE and IESE.AS.

Drawdown Indicators

	QDVX.DE	IESE.AS	Difference
Max Drawdown Largest peak-to-trough decline	-38.46%	-33.34%	-5.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-10.05%	+1.81%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-15.79%	+1.77%
Max Drawdown (5Y) Largest decline over 5 years	-14.59%	-23.66%	+9.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.34%	—
Current Drawdown Current decline from peak	-2.25%	-1.05%	-1.20%
Average Drawdown Average peak-to-trough decline	-4.70%	-6.13%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.84%	-1.21%

Volatility

QDVX.DE vs. IESE.AS - Volatility Comparison

The current volatility for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) is 3.58%, while iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) has a volatility of 4.41%. This indicates that QDVX.DE experiences smaller price fluctuations and is considered to be less risky than IESE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDVX.DE	IESE.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.41%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	8.60%	10.88%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	13.42%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	14.49%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	15.29%	+0.06%

QDVX.DE vs. IESE.AS - Expense Ratio Comparison

QDVX.DE has a 0.28% expense ratio, which is higher than IESE.AS's 0.20% expense ratio.

Dividends

QDVX.DE vs. IESE.AS - Dividend Comparison

QDVX.DE's dividend yield for the trailing twelve months is around 3.21%, while IESE.AS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IESE.AS iShares MSCI Europe SRI UCITS ETF EUR (Acc)	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)	3.21%	3.02%	3.11%	3.58%	4.25%	4.50%	3.25%	4.45%	5.19%	1.56%

Frequently Asked Questions

Can I hold both QDVX.DE and IESE.AS in my portfolio?

QDVX.DE and IESE.AS have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QDVX.DE or IESE.AS?

On fees, IESE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDVX.DE or IESE.AS?

IESE.AS is cheaper with a 0.20% expense ratio, compared with 0.28% for QDVX.DE.

What is the main difference between QDVX.DE and IESE.AS?

QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select, while IESE.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.28% for QDVX.DE and 0.20% for IESE.AS.