QDVX.DE vs. SPYW.DE
QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both Europe Equities funds - QDVX.DE tracks the MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select while SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 5 years, QDVX.DE returned 10.22%/yr vs 8.15%/yr for SPYW.DE. Their correlation of 0.85 suggests significant overlap in exposure. QDVX.DE charges 0.28%/yr vs 0.30%/yr for SPYW.DE.
Performance
QDVX.DE vs. SPYW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QDVX.DE having a 7.36% return and SPYW.DE slightly higher at 7.38%.
QDVX.DE
- 1D
- 0.15%
- 1M
- 4.24%
- YTD
- 7.36%
- 6M
- 8.69%
- 1Y
- 11.58%
- 3Y*
- 11.70%
- 5Y*
- 10.22%
- 10Y*
- —
SPYW.DE
- 1D
- -0.17%
- 1M
- 2.41%
- YTD
- 7.38%
- 6M
- 9.46%
- 1Y
- 11.00%
- 3Y*
- 13.77%
- 5Y*
- 8.15%
- 10Y*
- 7.56%
QDVX.DE vs. SPYW.DE - 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) | 7.36% | 11.29% | 10.80% | 15.21% | 0.82% | 18.84% | -10.01% | 26.71% | -6.49% | -0.05% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 7.38% | 20.21% | 8.31% | 17.92% | -11.22% | 14.38% | -11.88% | 23.33% | -8.56% | -2.86% |
Correlation
The correlation between QDVX.DE and SPYW.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.85 |
The correlation between QDVX.DE and SPYW.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
QDVX.DE vs. SPYW.DE — Risk / Return Rank
QDVX.DE
SPYW.DE
QDVX.DE vs. SPYW.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 SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.37 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.55 | +0.05 |
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Drawdowns
QDVX.DE vs. SPYW.DE - Drawdown Comparison
The maximum QDVX.DE drawdown since its inception was -38.42%, roughly equal to the maximum SPYW.DE drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for QDVX.DE and SPYW.DE.
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Drawdown Indicators
| QDVX.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.42% | -38.67% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -7.99% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | -11.64% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -23.99% | +9.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.67% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.69% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -5.60% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.40% | +0.08% |
Volatility
QDVX.DE vs. SPYW.DE - Volatility Comparison
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) has a higher volatility of 3.21% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.42%. This indicates that QDVX.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.42% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 8.80% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 10.71% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 13.29% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 14.84% | +0.48% |
QDVX.DE vs. SPYW.DE - Expense Ratio Comparison
QDVX.DE has a 0.28% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
QDVX.DE vs. SPYW.DE - Dividend Comparison
QDVX.DE's dividend yield for the trailing twelve months is around 3.13%, less than SPYW.DE's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 3.13% | 3.02% | 3.11% | 3.58% | 4.25% | 4.50% | 3.25% | 4.45% | 5.20% | 0.74% | 0.00% | 0.00% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.53% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
QDVX.DE and SPYW.DE have a correlation of 0.83, 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 0.30% for SPYW.DE.
QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. They also come from different issuers: iShares and State Street. Their fees differ too: 0.28% for QDVX.DE and 0.30% for SPYW.DE.
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