QVMP.DE vs. IBCF.DE
QVMP.DE (Invesco S&P 500 QVM UCITS ETF) and IBCF.DE (iShares S&P 500 EUR Hedged UCITS ETF (Acc)) are both S&P 500 funds - QVMP.DE tracks the S&P 500 Quality, Value & Momentum Multi-Factor while IBCF.DE tracks the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 5 years, QVMP.DE returned 16.32%/yr vs 10.18%/yr for IBCF.DE. A 0.71 correlation means they provide meaningful diversification when combined. QVMP.DE charges 0.35%/yr vs 0.20%/yr for IBCF.DE.
Performance
QVMP.DE vs. IBCF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QVMP.DE achieves a 23.28% return, which is significantly higher than IBCF.DE's 5.91% return.
QVMP.DE
- 1D
- 1.45%
- 1M
- 4.90%
- YTD
- 23.28%
- 6M
- 23.49%
- 1Y
- 30.36%
- 3Y*
- 23.50%
- 5Y*
- 16.32%
- 10Y*
- —
IBCF.DE
- 1D
- -0.68%
- 1M
- -1.97%
- YTD
- 5.91%
- 6M
- 6.05%
- 1Y
- 19.20%
- 3Y*
- 17.99%
- 5Y*
- 10.18%
- 10Y*
- 12.77%
QVMP.DE vs. IBCF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 23.28% | 1.52% | 37.26% | 3.43% | 6.14% | 36.89% | -1.58% | 28.89% | -3.41% | 0.79% |
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 5.91% | 15.42% | 22.96% | 23.22% | -21.84% | 28.52% | 14.47% | 27.12% | -8.39% | 13.17% |
Correlation
The correlation between QVMP.DE and IBCF.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 18, 2017 | 0.71 |
Over the past year, the correlation between QVMP.DE and IBCF.DE has dropped to 0.47 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
QVMP.DE vs. IBCF.DE — Risk / Return Rank
QVMP.DE
IBCF.DE
QVMP.DE vs. IBCF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (QVMP.DE) and iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QVMP.DE | IBCF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.28 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 7.94 | 2.19 | +5.74 |
| Martin ratioReturn relative to average drawdown | 23.35 | 9.02 | +14.33 |
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Drawdowns
QVMP.DE vs. IBCF.DE - Drawdown Comparison
The maximum QVMP.DE drawdown since its inception was -34.11%, roughly equal to the maximum IBCF.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for QVMP.DE and IBCF.DE.
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Drawdown Indicators
| QVMP.DE | IBCF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -35.06% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -8.72% | +4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -19.87% | -18.34% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -26.24% | +6.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.06% | — |
Current DrawdownCurrent decline from peak | -0.60% | -3.23% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -4.40% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.12% | -0.82% |
Volatility
QVMP.DE vs. IBCF.DE - Volatility Comparison
Invesco S&P 500 QVM UCITS ETF (QVMP.DE) has a higher volatility of 4.35% compared to iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE) at 3.99%. This indicates that QVMP.DE's price experiences larger fluctuations and is considered to be riskier than IBCF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVMP.DE | IBCF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.99% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 9.28% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 12.14% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 16.09% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 16.33% | +2.00% |
QVMP.DE vs. IBCF.DE - Expense Ratio Comparison
QVMP.DE has a 0.35% expense ratio, which is higher than IBCF.DE's 0.20% expense ratio.
Dividends
QVMP.DE vs. IBCF.DE - Dividend Comparison
QVMP.DE's dividend yield for the trailing twelve months is around 0.77%, while IBCF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 0.77% | 0.84% | 0.82% | 1.61% | 1.82% | 0.86% | 1.58% | 1.38% | 1.31% | 0.72% |
Frequently Asked Questions
QVMP.DE and IBCF.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCF.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCF.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for QVMP.DE.
QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor, while IBCF.DE tracks S&P 500 EUR Hedged Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for QVMP.DE and 0.20% for IBCF.DE.
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