QDVY.DE vs. IS3N.DE
QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - QDVY.DE is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes 1-5, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, QDVY.DE returned 3.10%/yr vs 8.61%/yr for IS3N.DE. At a 0.03 correlation, their price movements are largely independent. QDVY.DE charges 0.10%/yr vs 0.18%/yr for IS3N.DE.
Performance
QDVY.DE vs. IS3N.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 lower than IS3N.DE's 25.82% 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*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
QDVY.DE vs. IS3N.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% | -2.13% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -11.06% | 7.50% |
Correlation
The correlation between QDVY.DE and IS3N.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2017 | 0.03 |
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Return for Risk
QDVY.DE vs. IS3N.DE — Risk / Return Rank
QDVY.DE
IS3N.DE
QDVY.DE vs. IS3N.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 MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.49 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 4.42 | -4.70 |
| Martin ratioReturn relative to average drawdown | -0.59 | 16.00 | -16.59 |
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 | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 2.69 | -2.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.53 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.44 | -0.17 |
Drawdowns
QDVY.DE vs. IS3N.DE - Drawdown Comparison
The maximum QDVY.DE drawdown since its inception was -14.81%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for QDVY.DE and IS3N.DE.
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Drawdown Indicators
| QDVY.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -35.06% | +20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -10.52% | +4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -19.17% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | -22.01% | +7.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -12.65% | -2.49% | -10.16% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -9.30% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.91% | -0.28% |
Volatility
QDVY.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) is 2.20%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that QDVY.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 7.16% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 14.69% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 17.32% | -10.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 16.19% | -8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 18.04% | -10.33% |
QDVY.DE vs. IS3N.DE - Expense Ratio Comparison
QDVY.DE has a 0.10% expense ratio, which is lower than IS3N.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QDVY.DE vs. IS3N.DE - Dividend Comparison
Neither QDVY.DE nor IS3N.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (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 IS3N.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVY.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for IS3N.DE.
QDVY.DE is categorized as Corporate Bonds, while IS3N.DE is Emerging Markets Equities. QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.10% for QDVY.DE and 0.18% for IS3N.DE.
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