UQAB.DE vs. QVMP.DE
UQAB.DE (iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc) and QVMP.DE (Invesco S&P 500 QVM UCITS ETF) are both S&P 500 funds - UQAB.DE tracks the S&P 500® Paris-Aligned Climate Sustainability Screened while QVMP.DE tracks the S&P 500 Quality, Value & Momentum Multi-Factor. Both are passively managed. Over the past 3 years, UQAB.DE returned 17.31%/yr vs 21.01%/yr for QVMP.DE. A 0.70 correlation means they provide meaningful diversification when combined. UQAB.DE charges 0.07%/yr vs 0.35%/yr for QVMP.DE.
Performance
UQAB.DE vs. QVMP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UQAB.DE achieves a 7.73% return, which is significantly lower than QVMP.DE's 17.52% return.
UQAB.DE
- 1D
- 0.35%
- 1M
- 4.70%
- YTD
- 7.73%
- 6M
- 7.28%
- 1Y
- 19.88%
- 3Y*
- 17.31%
- 5Y*
- —
- 10Y*
- —
QVMP.DE
- 1D
- 0.24%
- 1M
- 4.74%
- YTD
- 17.52%
- 6M
- 17.83%
- 1Y
- 21.58%
- 3Y*
- 21.01%
- 5Y*
- 16.50%
- 10Y*
- —
UQAB.DE vs. QVMP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 7.73% | 2.75% | 33.33% | 26.71% | -14.98% |
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 17.52% | 1.52% | 37.24% | 3.45% | -1.87% |
Correlation
The correlation between UQAB.DE and QVMP.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.70 |
The correlation between UQAB.DE and QVMP.DE shifts across timeframes, from 0.60 (1 year) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UQAB.DE vs. QVMP.DE — Risk / Return Rank
UQAB.DE
QVMP.DE
UQAB.DE vs. QVMP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) and Invesco S&P 500 QVM UCITS ETF (QVMP.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.
| UQAB.DE | QVMP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 5.40 | -3.30 |
| Martin ratioReturn relative to average drawdown | 7.07 | 13.12 | -6.06 |
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
| UQAB.DE | QVMP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.91 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.82 | -0.07 |
Drawdowns
UQAB.DE vs. QVMP.DE - Drawdown Comparison
The maximum UQAB.DE drawdown since its inception was -23.20%, smaller than the maximum QVMP.DE drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for UQAB.DE and QVMP.DE.
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Drawdown Indicators
| UQAB.DE | QVMP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -34.10% | +10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -3.81% | -5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -19.88% | -3.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.88% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.18% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -5.04% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.57% | +1.25% |
Volatility
UQAB.DE vs. QVMP.DE - Volatility Comparison
iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) and Invesco S&P 500 QVM UCITS ETF (QVMP.DE) have volatilities of 2.72% and 2.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UQAB.DE | QVMP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.72% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 7.38% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 10.79% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 16.03% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 17.08% | -1.53% |
UQAB.DE vs. QVMP.DE - Expense Ratio Comparison
UQAB.DE has a 0.07% expense ratio, which is lower than QVMP.DE's 0.35% expense ratio.
Dividends
UQAB.DE vs. QVMP.DE - Dividend Comparison
UQAB.DE has not paid dividends to shareholders, while QVMP.DE's dividend yield for the trailing twelve months is around 0.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UQAB.DE and QVMP.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQAB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQAB.DE is cheaper with a 0.07% expense ratio, compared with 0.35% for QVMP.DE.
UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened, while QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for UQAB.DE and 0.35% for QVMP.DE.
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