QVMP.DE vs. IBCK.DE
QVMP.DE (Invesco S&P 500 QVM UCITS ETF) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - QVMP.DE tracks the S&P 500 Quality, Value & Momentum Multi-Factor while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 5 years, QVMP.DE returned 16.50%/yr vs 9.91%/yr for IBCK.DE. Their correlation of 0.81 suggests significant overlap in exposure. QVMP.DE charges 0.35%/yr vs 0.20%/yr for IBCK.DE.
Performance
QVMP.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QVMP.DE achieves a 17.52% return, which is significantly higher than IBCK.DE's 5.14% return.
QVMP.DE
- 1D
- 0.24%
- 1M
- 4.97%
- YTD
- 17.52%
- 6M
- 18.12%
- 1Y
- 20.65%
- 3Y*
- 21.01%
- 5Y*
- 16.50%
- 10Y*
- —
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
QVMP.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 17.52% | 1.52% | 37.24% | 3.45% | 6.13% | 36.91% | -1.58% | 28.87% | -3.41% | 8.38% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 34.85% | -1.47% | 2.71% |
Correlation
The correlation between QVMP.DE and IBCK.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.81 |
The correlation between QVMP.DE and IBCK.DE has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
QVMP.DE vs. IBCK.DE — Risk / Return Rank
QVMP.DE
IBCK.DE
QVMP.DE vs. IBCK.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 Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| QVMP.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 1.83 | +3.57 |
| Martin ratioReturn relative to average drawdown | 13.12 | 5.31 | +7.82 |
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
| QVMP.DE | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.07 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.79 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.88 | -0.06 |
Drawdowns
QVMP.DE vs. IBCK.DE - Drawdown Comparison
The maximum QVMP.DE drawdown since its inception was -34.10%, roughly equal to the maximum IBCK.DE drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for QVMP.DE and IBCK.DE.
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Drawdown Indicators
| QVMP.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -33.11% | -0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -5.08% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -17.55% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | -17.55% | -2.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.11% | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.47% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.50% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.75% | -0.18% |
Volatility
QVMP.DE vs. IBCK.DE - Volatility Comparison
Invesco S&P 500 QVM UCITS ETF (QVMP.DE) has a higher volatility of 2.72% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.26%. This indicates that QVMP.DE's price experiences larger fluctuations and is considered to be riskier than IBCK.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 | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.26% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 5.71% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 8.73% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 12.37% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 14.02% | +3.06% |
QVMP.DE vs. IBCK.DE - Expense Ratio Comparison
QVMP.DE has a 0.35% expense ratio, which is higher than IBCK.DE's 0.20% expense ratio.
Dividends
QVMP.DE vs. IBCK.DE - Dividend Comparison
QVMP.DE's dividend yield for the trailing twelve months is around 0.77%, while IBCK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility 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 IBCK.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCK.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 IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for QVMP.DE and 0.20% for IBCK.DE.
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