QDVX.DE vs. XESP.DE
QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - QDVX.DE tracks the MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, QDVX.DE returned 11.08%/yr vs 20.37%/yr for XESP.DE. A 0.76 correlation means they provide meaningful diversification when combined. QDVX.DE charges 0.28%/yr vs 0.30%/yr for XESP.DE.
Performance
QDVX.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVX.DE achieves a 9.85% return, which is significantly lower than XESP.DE's 14.86% return.
QDVX.DE
- 1D
- 0.71%
- 1M
- 3.98%
- YTD
- 9.85%
- 6M
- 10.52%
- 1Y
- 16.54%
- 3Y*
- 13.68%
- 5Y*
- 11.08%
- 10Y*
- —
XESP.DE
- 1D
- 0.87%
- 1M
- 6.89%
- YTD
- 14.86%
- 6M
- 15.90%
- 1Y
- 48.43%
- 3Y*
- 32.37%
- 5Y*
- 20.37%
- 10Y*
- 14.03%
QDVX.DE vs. XESP.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) | 9.85% | 11.29% | 10.80% | 15.21% | 0.82% | 18.84% | -10.01% | 26.71% | -6.49% | -0.05% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.86% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | -4.98% |
Correlation
The correlation between QDVX.DE and XESP.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.76 |
The correlation between QDVX.DE and XESP.DE has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
QDVX.DE vs. XESP.DE — Risk / Return Rank
QDVX.DE
XESP.DE
QDVX.DE vs. XESP.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 Xtrackers Spanish Equity UCITS ETF (XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.51 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 4.74 | -2.74 |
| Martin ratioReturn relative to average drawdown | 6.67 | 16.84 | -10.18 |
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Drawdowns
QDVX.DE vs. XESP.DE - Drawdown Comparison
The maximum QDVX.DE drawdown since its inception was -38.42%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for QDVX.DE and XESP.DE.
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Drawdown Indicators
| QDVX.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.42% | -40.70% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -10.17% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | -12.92% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -18.56% | +3.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.03% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -10.06% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.87% | -0.39% |
Volatility
QDVX.DE vs. XESP.DE - Volatility Comparison
The current volatility for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) is 2.50%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.20%. This indicates that QDVX.DE experiences smaller price fluctuations and is considered to be less risky than XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 4.20% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 14.44% | -5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 17.00% | -5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 16.73% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.30% | 18.44% | -3.14% |
QDVX.DE vs. XESP.DE - Expense Ratio Comparison
QDVX.DE has a 0.28% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
QDVX.DE vs. XESP.DE - Dividend Comparison
QDVX.DE's dividend yield for the trailing twelve months is around 3.06%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 3.06% | 3.02% | 3.11% | 3.58% | 4.25% | 4.50% | 3.25% | 4.45% | 5.20% | 0.74% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QDVX.DE and XESP.DE have a correlation of 0.66, 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 XESP.DE.
QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.28% for QDVX.DE and 0.30% for XESP.DE.
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