SNAZ.DE vs. QDVE.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - SNAZ.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 22.04%/yr for QDVE.DE. At a 0.22 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.15%/yr for QDVE.DE.
Performance
SNAZ.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.98% return, which is significantly lower than QDVE.DE's 19.14% return.
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
QDVE.DE
- 1D
- 0.35%
- 1M
- -6.14%
- 6M
- 19.97%
- YTD
- 19.14%
- 1Y
- 36.05%
- 3Y*
- 28.01%
- 5Y*
- 22.04%
- 10Y*
- 25.61%
SNAZ.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.98% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 19.14% | 10.01% | 46.09% | 54.17% | -25.82% | 46.74% | 36.30% |
Correlation
The correlation between SNAZ.DE and QDVE.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.22 |
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Return for Risk
SNAZ.DE vs. QDVE.DE — Risk / Return Rank
SNAZ.DE
QDVE.DE
SNAZ.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.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.
| SNAZ.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.30 | -0.91 |
| Martin ratioReturn relative to average drawdown | 5.14 | 5.80 | -0.66 |
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Drawdowns
SNAZ.DE vs. QDVE.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum QDVE.DE drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and QDVE.DE.
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Drawdown Indicators
| SNAZ.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -31.40% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -15.60% | +12.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -29.81% | +25.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -29.81% | +7.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.40% | — |
Current DrawdownCurrent decline from peak | -1.34% | -6.91% | +5.57% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -5.80% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 6.20% | -5.41% |
Volatility
SNAZ.DE vs. QDVE.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) is 0.91%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.99%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than QDVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNAZ.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 7.99% | -7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 15.87% | -13.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 21.50% | -18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 22.89% | -17.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 21.80% | -14.15% |
SNAZ.DE vs. QDVE.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
SNAZ.DE vs. QDVE.DE - Dividend Comparison
Neither SNAZ.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and QDVE.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE is categorized as Emerging Markets Bonds, while QDVE.DE is Technology Equities. SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.53% for SNAZ.DE and 0.15% for QDVE.DE.
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