QDVY.DE vs. PUIG.DE
QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) and PUIG.DE (Invesco USD Corporate Bond UCITS ETF Dist) are both Corporate Bonds funds - QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5 while PUIG.DE tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, QDVY.DE returned 3.10%/yr vs 1.11%/yr for PUIG.DE. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
QDVY.DE vs. PUIG.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 PUIG.DE's 1.26% 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*
- —
PUIG.DE
- 1D
- 0.15%
- 1M
- 1.15%
- YTD
- 1.26%
- 6M
- 0.39%
- 1Y
- 3.02%
- 3Y*
- 1.82%
- 5Y*
- 1.11%
- 10Y*
- —
QDVY.DE vs. PUIG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.88% | -11.19% | 9.21% | 2.97% | 7.53% | 8.93% | -8.09% | -0.70% |
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist | 1.26% | -4.57% | 7.59% | 4.08% | -10.14% | 6.62% | -0.40% | -0.90% |
Correlation
The correlation between QDVY.DE and PUIG.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.58 |
The correlation between QDVY.DE and PUIG.DE has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
QDVY.DE vs. PUIG.DE — Risk / Return Rank
QDVY.DE
PUIG.DE
QDVY.DE vs. PUIG.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 Invesco USD Corporate Bond UCITS ETF Dist (PUIG.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 | PUIG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.08 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.70 | -0.97 |
| Martin ratioReturn relative to average drawdown | -0.59 | 1.81 | -2.40 |
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 | PUIG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 0.44 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.13 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.04 | +0.23 |
Drawdowns
QDVY.DE vs. PUIG.DE - Drawdown Comparison
The maximum QDVY.DE drawdown since its inception was -14.81%, roughly equal to the maximum PUIG.DE drawdown of -14.30%. Use the drawdown chart below to compare losses from any high point for QDVY.DE and PUIG.DE.
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Drawdown Indicators
| QDVY.DE | PUIG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -14.30% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -3.62% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -11.19% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | -13.35% | -1.46% |
Current DrawdownCurrent decline from peak | -12.65% | -5.91% | -6.74% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -6.03% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.40% | +1.23% |
Volatility
QDVY.DE vs. PUIG.DE - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a higher volatility of 2.20% compared to Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE) at 1.02%. This indicates that QDVY.DE's price experiences larger fluctuations and is considered to be riskier than PUIG.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 | PUIG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.02% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 3.99% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 5.77% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 8.38% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 9.07% | -1.36% |
QDVY.DE vs. PUIG.DE - Expense Ratio Comparison
Both QDVY.DE and PUIG.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. PUIG.DE - Dividend Comparison
QDVY.DE has not paid dividends to shareholders, while PUIG.DE's dividend yield for the trailing twelve months is around 4.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist | 4.21% | 4.32% | 4.29% | 3.82% | 2.83% | 1.91% | 2.59% | 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 PUIG.DE have a correlation of 0.62, 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 PUIG.DE have the same expense ratio: 0.10% per year.
QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5, while PUIG.DE tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and Invesco.
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