UDHY.DE vs. QDVE.DE
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - UDHY.DE is a High Yield Bonds fund tracking the ICE BofAML US High Yield Constrained, 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 3 years, UDHY.DE returned 3.98%/yr vs 30.81%/yr for QDVE.DE. At a 0.38 correlation, their price movements are largely independent. UDHY.DE charges 0.20%/yr vs 0.15%/yr for QDVE.DE.
Performance
UDHY.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UDHY.DE achieves a -1.14% return, which is significantly lower than QDVE.DE's 24.06% return.
UDHY.DE
- 1D
- 0.01%
- 1M
- 1.21%
- YTD
- -1.14%
- 6M
- -1.88%
- 1Y
- 0.71%
- 3Y*
- 3.98%
- 5Y*
- —
- 10Y*
- —
QDVE.DE
- 1D
- -2.26%
- 1M
- 11.84%
- YTD
- 24.06%
- 6M
- 22.46%
- 1Y
- 48.25%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
UDHY.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -1.14% | -3.92% | 13.24% | 8.32% | -4.04% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -18.12% |
Correlation
The correlation between UDHY.DE and QDVE.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.38 |
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Return for Risk
UDHY.DE vs. QDVE.DE — Risk / Return Rank
UDHY.DE
QDVE.DE
UDHY.DE vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.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.
| UDHY.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.39 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 3.14 | -3.06 |
| Martin ratioReturn relative to average drawdown | 0.19 | 8.31 | -8.12 |
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
| UDHY.DE | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 2.40 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.07 | -0.73 |
Drawdowns
UDHY.DE vs. QDVE.DE - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -12.23%, smaller than the maximum QDVE.DE drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and QDVE.DE.
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Drawdown Indicators
| UDHY.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -31.45% | +19.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -15.59% | +9.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.23% | -29.83% | +17.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -7.76% | -3.08% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -5.80% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 5.91% | -3.24% |
Volatility
UDHY.DE vs. QDVE.DE - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) is 0.99%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.12%. This indicates that UDHY.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
| UDHY.DE | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 7.12% | -6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 14.85% | -10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 20.42% | -14.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 22.71% | -14.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 21.73% | -13.69% |
UDHY.DE vs. QDVE.DE - Expense Ratio Comparison
UDHY.DE has a 0.20% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UDHY.DE vs. QDVE.DE - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 4.67%, while QDVE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.67% | 7.37% | 6.63% | 5.74% | 1.63% |
Frequently Asked Questions
UDHY.DE and QDVE.DE have a correlation of 0.39, 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 0.20% for UDHY.DE.
UDHY.DE is categorized as High Yield Bonds, while QDVE.DE is Technology Equities. UDHY.DE tracks ICE BofAML US High Yield Constrained, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.20% for UDHY.DE and 0.15% for QDVE.DE.
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