QDVY.DE vs. EUNA.DE
QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - QDVY.DE is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes 1-5, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, QDVY.DE returned 3.10%/yr vs -1.29%/yr for EUNA.DE. At a correlation of -0.14, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
QDVY.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVY.DE achieves a 0.88% return, which is significantly higher than EUNA.DE's -0.46% return.
QDVY.DE
- 1D
- -0.14%
- 1M
- -0.63%
- YTD
- 0.88%
- 6M
- 0.12%
- 1Y
- -1.37%
- 3Y*
- -0.58%
- 5Y*
- 3.10%
- 10Y*
- —
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
QDVY.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.88% | -11.19% | 9.21% | 2.97% | 7.53% | 8.93% | -8.09% | 6.69% | 5.99% | -1.78% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
Correlation
The correlation between QDVY.DE and EUNA.DE is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | -0.14 |
Over the past year, the inverse relationship between QDVY.DE and EUNA.DE has strengthened: their correlation has moved from -0.14 to -0.36, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
QDVY.DE vs. EUNA.DE — Risk / Return Rank
QDVY.DE
EUNA.DE
QDVY.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| QDVY.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.06 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.43 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.59 | 1.18 | -1.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDVY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 0.34 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | -0.28 | +0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.05 | +0.32 |
Drawdowns
QDVY.DE vs. EUNA.DE - Drawdown Comparison
The maximum QDVY.DE drawdown since its inception was -14.81%, smaller than the maximum EUNA.DE drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for QDVY.DE and EUNA.DE.
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Drawdown Indicators
| QDVY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -17.79% | +2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -2.75% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -4.02% | -10.79% |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | -17.03% | +2.22% |
Current DrawdownCurrent decline from peak | -12.65% | -8.66% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -6.76% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.99% | +1.64% |
Volatility
QDVY.DE vs. EUNA.DE - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a higher volatility of 2.20% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that QDVY.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.35% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 2.82% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 3.46% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 4.64% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 4.27% | +3.44% |
QDVY.DE vs. EUNA.DE - Expense Ratio Comparison
Both QDVY.DE and EUNA.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
QDVY.DE vs. EUNA.DE - Dividend Comparison
Neither QDVY.DE nor EUNA.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.00% | 0.00% | 2.90% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
Frequently Asked Questions
QDVY.DE and EUNA.DE have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QDVY.DE and EUNA.DE have the same expense ratio: 0.10% per year.
QDVY.DE is categorized as Corporate Bonds, while EUNA.DE is Global Bonds. QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged).
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