QVMP.DE vs. IS20.DE
QVMP.DE (Invesco S&P 500 QVM UCITS ETF) and IS20.DE (iShares S&P 500 Top 20 UCITS ETF USD Acc) are both S&P 500 funds - QVMP.DE tracks the S&P 500 Quality, Value & Momentum Multi-Factor while IS20.DE tracks the S&P 500 Top 20 Index. Both are passively managed. Over the past year, QVMP.DE returned 20.65% vs 30.08% for IS20.DE. A 0.52 correlation means they provide meaningful diversification when combined. QVMP.DE charges 0.35%/yr vs 0.10%/yr for IS20.DE.
Performance
QVMP.DE vs. IS20.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 IS20.DE's 9.38% 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*
- —
IS20.DE
- 1D
- -0.38%
- 1M
- 4.82%
- YTD
- 9.38%
- 6M
- 8.62%
- 1Y
- 30.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QVMP.DE vs. IS20.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 17.52% | 1.52% | -1.01% |
IS20.DE iShares S&P 500 Top 20 UCITS ETF USD Acc | 9.38% | 6.77% | 6.20% |
Correlation
The correlation between QVMP.DE and IS20.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.52 |
The correlation between QVMP.DE and IS20.DE has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
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Return for Risk
QVMP.DE vs. IS20.DE — Risk / Return Rank
QVMP.DE
IS20.DE
QVMP.DE vs. IS20.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 Top 20 UCITS ETF USD Acc (IS20.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 | IS20.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 2.35 | +3.05 |
| Martin ratioReturn relative to average drawdown | 13.12 | 7.30 | +5.82 |
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 | IS20.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 2.02 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.77 | +0.05 |
Drawdowns
QVMP.DE vs. IS20.DE - Drawdown Comparison
The maximum QVMP.DE drawdown since its inception was -34.10%, which is greater than IS20.DE's maximum drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for QVMP.DE and IS20.DE.
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Drawdown Indicators
| QVMP.DE | IS20.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -26.30% | -7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -12.73% | +8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.60% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -6.16% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 4.11% | -2.54% |
Volatility
QVMP.DE vs. IS20.DE - Volatility Comparison
The current volatility for Invesco S&P 500 QVM UCITS ETF (QVMP.DE) is 2.72%, while iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) has a volatility of 3.65%. This indicates that QVMP.DE experiences smaller price fluctuations and is considered to be less risky than IS20.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 | IS20.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.65% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 10.03% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 14.81% | -4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 19.57% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 19.57% | -2.49% |
QVMP.DE vs. IS20.DE - Expense Ratio Comparison
QVMP.DE has a 0.35% expense ratio, which is higher than IS20.DE's 0.10% expense ratio.
Dividends
QVMP.DE vs. IS20.DE - Dividend Comparison
QVMP.DE's dividend yield for the trailing twelve months is around 0.77%, while IS20.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IS20.DE iShares S&P 500 Top 20 UCITS ETF USD 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 IS20.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS20.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS20.DE is cheaper with a 0.10% expense ratio, compared with 0.35% for QVMP.DE.
QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor, while IS20.DE tracks S&P 500 Top 20 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for QVMP.DE and 0.10% for IS20.DE.
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