SPYE.DE vs. QDV5.DE
SPYE.DE (SPDR MSCI Europe UCITS ETF) and QDV5.DE (iShares MSCI India UCITS ETF USD (Acc)) are both exchange-traded funds - SPYE.DE is a Europe Equities fund tracking the MSCI Europe, while QDV5.DE is a Asia Pacific Equities fund tracking the MSCI India. Both are passively managed. Over the past 5 years, SPYE.DE returned 9.86%/yr vs 4.37%/yr for QDV5.DE. At a 0.48 correlation, their price movements are largely independent. SPYE.DE charges 0.25%/yr vs 0.65%/yr for QDV5.DE.
Performance
SPYE.DE vs. QDV5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYE.DE achieves a 7.68% return, which is significantly higher than QDV5.DE's -11.72% return.
SPYE.DE
- 1D
- 0.62%
- 1M
- 1.21%
- YTD
- 7.68%
- 6M
- 10.03%
- 1Y
- 16.22%
- 3Y*
- 13.73%
- 5Y*
- 9.86%
- 10Y*
- 9.09%
QDV5.DE
- 1D
- 1.21%
- 1M
- -4.24%
- YTD
- -11.72%
- 6M
- -13.23%
- 1Y
- -14.33%
- 3Y*
- 2.49%
- 5Y*
- 4.37%
- 10Y*
- —
SPYE.DE vs. QDV5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPYE.DE SPDR MSCI Europe UCITS ETF | 7.68% | 20.32% | 8.24% | 15.50% | -9.42% | 25.11% | -3.25% | 27.31% | -11.74% |
QDV5.DE iShares MSCI India UCITS ETF USD (Acc) | -11.72% | -7.96% | 15.56% | 14.91% | -1.74% | 34.99% | 3.47% | 10.62% | 1.31% |
Correlation
The correlation between SPYE.DE and QDV5.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 31, 2018 | 0.48 |
The correlation between SPYE.DE and QDV5.DE shifts across timeframes, from 0.39 (3 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYE.DE vs. QDV5.DE — Risk / Return Rank
SPYE.DE
QDV5.DE
SPYE.DE vs. QDV5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (SPYE.DE) and iShares MSCI India UCITS ETF USD (Acc) (QDV5.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.
| SPYE.DE | QDV5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.87 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.69 | +2.43 |
| Martin ratioReturn relative to average drawdown | 6.36 | -1.54 | +7.90 |
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
| SPYE.DE | QDV5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | -0.85 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.26 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.30 | +0.22 |
Drawdowns
SPYE.DE vs. QDV5.DE - Drawdown Comparison
The maximum SPYE.DE drawdown since its inception was -35.54%, smaller than the maximum QDV5.DE drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for SPYE.DE and QDV5.DE.
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Drawdown Indicators
| SPYE.DE | QDV5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -41.06% | +5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.45% | -19.83% | +10.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -27.44% | +10.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -27.44% | +7.91% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -24.03% | +22.56% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -8.12% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 8.90% | -6.31% |
Volatility
SPYE.DE vs. QDV5.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe UCITS ETF (SPYE.DE) is 4.24%, while iShares MSCI India UCITS ETF USD (Acc) (QDV5.DE) has a volatility of 6.04%. This indicates that SPYE.DE experiences smaller price fluctuations and is considered to be less risky than QDV5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYE.DE | QDV5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 6.04% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 13.58% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 16.20% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 16.43% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 21.60% | -5.89% |
SPYE.DE vs. QDV5.DE - Expense Ratio Comparison
SPYE.DE has a 0.25% expense ratio, which is lower than QDV5.DE's 0.65% expense ratio.
Dividends
SPYE.DE vs. QDV5.DE - Dividend Comparison
Neither SPYE.DE nor QDV5.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYE.DE and QDV5.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYE.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for QDV5.DE.
SPYE.DE is categorized as Europe Equities, while QDV5.DE is Asia Pacific Equities. SPYE.DE tracks MSCI Europe, while QDV5.DE tracks MSCI India. They also come from different issuers: State Street and iShares. Their fees differ too: 0.25% for SPYE.DE and 0.65% for QDV5.DE.
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