QDVY.DE vs. VGTY.DE
QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both exchange-traded funds - QDVY.DE is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes 1-5, while VGTY.DE is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, QDVY.DE returned 3.10%/yr vs 0.20%/yr for VGTY.DE. A 0.72 correlation means they provide meaningful diversification when combined. QDVY.DE charges 0.10%/yr vs 0.05%/yr for VGTY.DE.
Performance
QDVY.DE vs. VGTY.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 VGTY.DE's 0.80% 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*
- —
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.80%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.34%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
QDVY.DE vs. VGTY.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% | -2.24% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 9.36% | 5.00% | -2.11% |
Correlation
The correlation between QDVY.DE and VGTY.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.72 |
The correlation between QDVY.DE and VGTY.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
QDVY.DE vs. VGTY.DE — Risk / Return Rank
QDVY.DE
VGTY.DE
QDVY.DE vs. VGTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.04 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.25 | -0.52 |
| Martin ratioReturn relative to average drawdown | -0.59 | 0.62 | -1.20 |
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 | VGTY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 0.19 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.02 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.13 | +0.14 |
Drawdowns
QDVY.DE vs. VGTY.DE - Drawdown Comparison
The maximum QDVY.DE drawdown since its inception was -14.81%, smaller than the maximum VGTY.DE drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for QDVY.DE and VGTY.DE.
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Drawdown Indicators
| QDVY.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -17.97% | +3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -4.08% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -11.23% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | -13.16% | -1.65% |
Current DrawdownCurrent decline from peak | -12.65% | -14.45% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -9.48% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.67% | +0.96% |
Volatility
QDVY.DE vs. VGTY.DE - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a higher volatility of 2.20% compared to Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) at 0.85%. This indicates that QDVY.DE's price experiences larger fluctuations and is considered to be riskier than VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.85% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 3.73% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 5.44% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 7.99% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 7.63% | +0.08% |
QDVY.DE vs. VGTY.DE - Expense Ratio Comparison
QDVY.DE has a 0.10% expense ratio, which is higher than VGTY.DE's 0.05% expense ratio. However, 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. VGTY.DE - Dividend Comparison
QDVY.DE has not paid dividends to shareholders, while VGTY.DE's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% |
Frequently Asked Questions
QDVY.DE and VGTY.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for QDVY.DE.
QDVY.DE is categorized as Corporate Bonds, while VGTY.DE is Government Bonds. QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5, while VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for QDVY.DE and 0.05% for VGTY.DE.
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