VGTY.DE vs. QDVY.DE
VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) and QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) are both exchange-traded funds - VGTY.DE is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index, while QDVY.DE is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes 1-5. Both are passively managed. Over the past 5 years, VGTY.DE returned 0.20%/yr vs 3.10%/yr for QDVY.DE. A 0.72 correlation means they provide meaningful diversification when combined. VGTY.DE charges 0.05%/yr vs 0.10%/yr for QDVY.DE.
Performance
VGTY.DE vs. QDVY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGTY.DE achieves a 0.80% return, which is significantly lower than QDVY.DE's 0.88% return.
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.03%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
QDVY.DE
- 1D
- -0.14%
- 1M
- -1.01%
- YTD
- 0.88%
- 6M
- 0.27%
- 1Y
- -1.55%
- 3Y*
- -0.58%
- 5Y*
- 3.10%
- 10Y*
- —
VGTY.DE vs. QDVY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 9.36% | 5.00% | -2.11% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.88% | -11.19% | 9.21% | 2.97% | 7.53% | 8.93% | -8.09% | 6.69% | 5.99% | -2.24% |
Correlation
The correlation between VGTY.DE and QDVY.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.72 |
The correlation between VGTY.DE and QDVY.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
VGTY.DE vs. QDVY.DE — Risk / Return Rank
VGTY.DE
QDVY.DE
VGTY.DE vs. QDVY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) and iShares USD Floating Rate Bond UCITS ETF (QDVY.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.
| VGTY.DE | QDVY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.97 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | -0.27 | +0.52 |
| Martin ratioReturn relative to average drawdown | 0.62 | -0.59 | +1.20 |
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
| VGTY.DE | QDVY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | -0.23 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.39 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.27 | -0.14 |
Drawdowns
VGTY.DE vs. QDVY.DE - Drawdown Comparison
The maximum VGTY.DE drawdown since its inception was -17.97%, which is greater than QDVY.DE's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for VGTY.DE and QDVY.DE.
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Drawdown Indicators
| VGTY.DE | QDVY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -14.81% | -3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -5.67% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -14.81% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -13.16% | -14.81% | +1.65% |
Current DrawdownCurrent decline from peak | -14.45% | -12.65% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -5.01% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.63% | -0.96% |
Volatility
VGTY.DE vs. QDVY.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) is 0.85%, while iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a volatility of 2.20%. This indicates that VGTY.DE experiences smaller price fluctuations and is considered to be less risky than QDVY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGTY.DE | QDVY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 2.20% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 4.35% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 6.84% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.99% | 7.90% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 7.71% | -0.08% |
VGTY.DE vs. QDVY.DE - Expense Ratio Comparison
VGTY.DE has a 0.05% expense ratio, which is lower than QDVY.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGTY.DE vs. QDVY.DE - Dividend Comparison
VGTY.DE's dividend yield for the trailing twelve months is around 3.65%, while QDVY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.00% | 0.00% | 2.90% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% |
Frequently Asked Questions
VGTY.DE and QDVY.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for QDVY.DE.
VGTY.DE is categorized as Government Bonds, while QDVY.DE is Corporate Bonds. VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VGTY.DE and 0.10% for QDVY.DE.
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