QVMP.DE vs. IS31.DE
QVMP.DE (Invesco S&P 500 QVM UCITS ETF) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - QVMP.DE tracks the S&P 500 Quality, Value & Momentum Multi-Factor while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, QVMP.DE returned 15.06%/yr vs 5.66%/yr for IS31.DE. A 0.64 correlation means they provide meaningful diversification when combined. QVMP.DE charges 0.35%/yr vs 0.25%/yr for IS31.DE.
Performance
QVMP.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QVMP.DE achieves a 17.37% return, which is significantly higher than IS31.DE's 2.57% return.
QVMP.DE
- 1D
- -2.49%
- 1M
- -2.95%
- 6M
- 14.98%
- YTD
- 17.37%
- 1Y
- 22.98%
- 3Y*
- 21.31%
- 5Y*
- 15.06%
- 10Y*
- —
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
QVMP.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 17.37% | 1.52% | 37.26% | 3.43% | 6.14% | 36.89% | -1.58% | 28.89% | -3.41% | 0.79% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.57% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 11.81% |
Correlation
The correlation between QVMP.DE and IS31.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 18, 2017 | 0.64 |
The correlation between QVMP.DE and IS31.DE shifts across timeframes, from 0.49 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QVMP.DE vs. IS31.DE — Risk / Return Rank
QVMP.DE
IS31.DE
QVMP.DE vs. IS31.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 EUR Hedged (Acc) (IS31.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 | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 1.25 | +2.70 |
| Martin ratioReturn relative to average drawdown | 14.99 | 4.77 | +10.22 |
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Drawdowns
QVMP.DE vs. IS31.DE - Drawdown Comparison
The maximum QVMP.DE drawdown since its inception was -34.11%, roughly equal to the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for QVMP.DE and IS31.DE.
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Drawdown Indicators
| QVMP.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -33.66% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.79% | -6.64% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -19.87% | -12.56% | -7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -20.75% | +0.88% |
Current DrawdownCurrent decline from peak | -5.79% | -1.01% | -4.78% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -4.83% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.75% | -0.22% |
Volatility
QVMP.DE vs. IS31.DE - Volatility Comparison
Invesco S&P 500 QVM UCITS ETF (QVMP.DE) has a higher volatility of 7.04% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.40%. This indicates that QVMP.DE's price experiences larger fluctuations and is considered to be riskier than IS31.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 | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 2.40% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 6.55% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 8.70% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 12.78% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 14.36% | +4.03% |
QVMP.DE vs. IS31.DE - Expense Ratio Comparison
QVMP.DE has a 0.35% expense ratio, which is higher than IS31.DE's 0.25% expense ratio.
Dividends
QVMP.DE vs. IS31.DE - Dividend Comparison
QVMP.DE's dividend yield for the trailing twelve months is around 0.81%, while IS31.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (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 | 0.81% | 0.84% | 0.82% | 1.61% | 1.82% | 0.86% | 1.58% | 1.38% | 1.31% | 0.72% |
Frequently Asked Questions
QVMP.DE and IS31.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS31.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS31.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for QVMP.DE.
QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for QVMP.DE and 0.25% for IS31.DE.
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