QUED.DE vs. EXS2.DE
QUED.DE (BNP Paribas Easy ESG Quality Europe UCITS ETF) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - QUED.DE tracks the BNP Paribas Quality Europe ESG while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 5 years, QUED.DE returned 6.01%/yr vs 3.72%/yr for EXS2.DE. A 0.77 correlation means they provide meaningful diversification when combined. QUED.DE charges 0.32%/yr vs 0.51%/yr for EXS2.DE.
Performance
QUED.DE vs. EXS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QUED.DE achieves a 6.46% return, which is significantly lower than EXS2.DE's 15.70% return.
QUED.DE
- 1D
- 0.66%
- 1M
- -0.12%
- YTD
- 6.46%
- 6M
- 8.60%
- 1Y
- 11.35%
- 3Y*
- 10.11%
- 5Y*
- 6.01%
- 10Y*
- —
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.24%
- YTD
- 15.70%
- 6M
- 16.12%
- 1Y
- 5.55%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
QUED.DE vs. EXS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QUED.DE BNP Paribas Easy ESG Quality Europe UCITS ETF | 6.46% | 12.77% | 3.56% | 20.27% | -17.26% | 25.56% | 1.90% | 22.77% | -8.51% | 7.33% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 34.60% |
Correlation
The correlation between QUED.DE and EXS2.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.77 |
The correlation between QUED.DE and EXS2.DE has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
QUED.DE vs. EXS2.DE — Risk / Return Rank
QUED.DE
EXS2.DE
QUED.DE vs. EXS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Quality Europe UCITS ETF (QUED.DE) and iShares TecDAX UCITS ETF (DE) (EXS2.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.
| QUED.DE | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.07 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.40 | +0.86 |
| Martin ratioReturn relative to average drawdown | 3.80 | 0.80 | +3.00 |
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
| QUED.DE | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.36 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.20 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.14 | +0.34 |
Drawdowns
QUED.DE vs. EXS2.DE - Drawdown Comparison
The maximum QUED.DE drawdown since its inception was -33.31%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for QUED.DE and EXS2.DE.
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Drawdown Indicators
| QUED.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -84.49% | +51.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -16.12% | +6.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -17.93% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -27.03% | -34.97% | +7.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.97% | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.81% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -39.46% | +33.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 8.07% | -5.01% |
Volatility
QUED.DE vs. EXS2.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Quality Europe UCITS ETF (QUED.DE) is 4.10%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that QUED.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QUED.DE | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 5.29% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 14.25% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.51% | 17.83% | -4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 18.80% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 19.47% | -4.42% |
QUED.DE vs. EXS2.DE - Expense Ratio Comparison
QUED.DE has a 0.32% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
QUED.DE vs. EXS2.DE - Dividend Comparison
QUED.DE's dividend yield for the trailing twelve months is around 2.13%, while EXS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
QUED.DE BNP Paribas Easy ESG Quality Europe UCITS ETF | 2.13% | 1.98% | 2.50% | 2.44% | 3.07% | 1.96% | 2.98% | 3.64% | 3.68% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QUED.DE and EXS2.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QUED.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QUED.DE is cheaper with a 0.32% expense ratio, compared with 0.51% for EXS2.DE.
QUED.DE tracks BNP Paribas Quality Europe ESG, while EXS2.DE tracks TecDAX®. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.32% for QUED.DE and 0.51% for EXS2.DE.
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