VAGT.DE vs. QDVP.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and QDVP.DE (iShares US Mortgage Backed Securities UCITS ETF) are both exchange-traded funds - VAGT.DE is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index, while QDVP.DE is a Mortgage Backed Securities fund tracking the Bloomberg US Mortgage Backed Securities Index. Both are passively managed. Over the past 3 years, VAGT.DE returned 0.08%/yr vs 1.34%/yr for QDVP.DE. Their correlation of 0.91 suggests significant overlap in exposure. VAGT.DE charges 0.05%/yr vs 0.28%/yr for QDVP.DE.
Performance
VAGT.DE vs. QDVP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGT.DE achieves a 1.07% return, which is significantly lower than QDVP.DE's 1.51% return.
VAGT.DE
- 1D
- 0.09%
- 1M
- 0.85%
- YTD
- 1.07%
- 6M
- 0.31%
- 1Y
- 1.96%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
QDVP.DE
- 1D
- 0.04%
- 1M
- 0.99%
- YTD
- 1.51%
- 6M
- 1.08%
- 1Y
- 4.47%
- 3Y*
- 1.34%
- 5Y*
- 1.05%
- 10Y*
- 0.86%
VAGT.DE vs. QDVP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 1.07% | -5.48% | 6.40% | -0.45% |
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 1.51% | -3.56% | 7.02% | 0.08% |
Correlation
The correlation between VAGT.DE and QDVP.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.91 |
The correlation between VAGT.DE and QDVP.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
VAGT.DE vs. QDVP.DE — Risk / Return Rank
VAGT.DE
QDVP.DE
VAGT.DE vs. QDVP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) and iShares US Mortgage Backed Securities UCITS ETF (QDVP.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.
| VAGT.DE | QDVP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.23 | -0.82 |
| Martin ratioReturn relative to average drawdown | 1.00 | 3.10 | -2.10 |
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
| VAGT.DE | QDVP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.75 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.09 | -0.04 |
Drawdowns
VAGT.DE vs. QDVP.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, smaller than the maximum QDVP.DE drawdown of -16.57%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and QDVP.DE.
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Drawdown Indicators
| VAGT.DE | QDVP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -16.57% | +5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.46% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -11.15% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.57% | — |
Current DrawdownCurrent decline from peak | -7.21% | -7.63% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -7.72% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.37% | +0.24% |
Volatility
VAGT.DE vs. QDVP.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) is 0.86%, while iShares US Mortgage Backed Securities UCITS ETF (QDVP.DE) has a volatility of 0.92%. This indicates that VAGT.DE experiences smaller price fluctuations and is considered to be less risky than QDVP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGT.DE | QDVP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.92% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 4.07% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 5.62% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 8.15% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 7.56% | -0.23% |
VAGT.DE vs. QDVP.DE - Expense Ratio Comparison
VAGT.DE has a 0.05% expense ratio, which is lower than QDVP.DE's 0.28% expense ratio.
Dividends
VAGT.DE vs. QDVP.DE - Dividend Comparison
VAGT.DE has not paid dividends to shareholders, while QDVP.DE's dividend yield for the trailing twelve months is around 3.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 3.58% | 3.63% | 3.51% | 3.27% | 2.45% | 2.19% | 2.69% | 2.99% | 3.03% | 3.04% | 1.54% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, VAGT.DE and QDVP.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.28% for QDVP.DE.
VAGT.DE is categorized as Government Bonds, while QDVP.DE is Mortgage Backed Securities. VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while QDVP.DE tracks Bloomberg US Mortgage Backed Securities Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VAGT.DE and 0.28% for QDVP.DE.
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