WIND.AS vs. QDVE.DE
WIND.AS (SPDR MSCI World Industrials UCITS ETF) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - WIND.AS is a Industrials Equities fund tracking the MSCI World/Materials NR USD, 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 10 years, WIND.AS returned 12.07%/yr vs 26.04%/yr for QDVE.DE. A 0.62 correlation means they provide meaningful diversification when combined. WIND.AS charges 0.30%/yr vs 0.15%/yr for QDVE.DE.
Performance
WIND.AS vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WIND.AS achieves a 12.26% return, which is significantly lower than QDVE.DE's 24.06% return. Over the past 10 years, WIND.AS has underperformed QDVE.DE with an annualized return of 12.07%, while QDVE.DE has yielded a comparatively higher 26.04% annualized return.
WIND.AS
- 1D
- 0.00%
- 1M
- 1.16%
- YTD
- 12.26%
- 6M
- 13.06%
- 1Y
- 19.45%
- 3Y*
- 18.22%
- 5Y*
- 12.43%
- 10Y*
- 12.07%
QDVE.DE
- 1D
- -2.26%
- 1M
- 13.91%
- YTD
- 24.06%
- 6M
- 23.05%
- 1Y
- 49.27%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
WIND.AS vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIND.AS SPDR MSCI World Industrials UCITS ETF | 12.26% | 11.18% | 20.83% | 19.00% | -7.88% | 25.94% | 2.18% | 29.89% | -10.56% | 9.61% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -25.83% | 46.77% | 29.69% | 53.86% | 3.04% | 21.00% |
Correlation
The correlation between WIND.AS and QDVE.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 | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.62 |
The correlation between WIND.AS and QDVE.DE shifts across timeframes, from 0.53 (1 year) to 0.63 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
WIND.AS vs. QDVE.DE — Risk / Return Rank
WIND.AS
QDVE.DE
WIND.AS vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Industrials UCITS ETF (WIND.AS) 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.
| WIND.AS | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.14 | -1.08 |
| Martin ratioReturn relative to average drawdown | 7.47 | 8.31 | -0.85 |
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
| WIND.AS | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.40 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.10 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 1.19 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.07 | -0.41 |
Drawdowns
WIND.AS vs. QDVE.DE - Drawdown Comparison
The maximum WIND.AS drawdown since its inception was -38.13%, which is greater than QDVE.DE's maximum drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for WIND.AS and QDVE.DE.
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Drawdown Indicators
| WIND.AS | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.13% | -31.45% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -15.59% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -29.83% | +10.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -29.83% | +10.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.13% | -31.45% | -6.68% |
Current DrawdownCurrent decline from peak | -0.92% | -3.08% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -5.80% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 5.91% | -3.35% |
Volatility
WIND.AS vs. QDVE.DE - Volatility Comparison
The current volatility for SPDR MSCI World Industrials UCITS ETF (WIND.AS) is 4.18%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.12%. This indicates that WIND.AS 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
| WIND.AS | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 7.12% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 14.85% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 20.42% | -6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 22.71% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 21.73% | -3.00% |
WIND.AS vs. QDVE.DE - Expense Ratio Comparison
WIND.AS has a 0.30% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
WIND.AS vs. QDVE.DE - Dividend Comparison
Neither WIND.AS nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
WIND.AS and QDVE.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, 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 0.30% for WIND.AS.
WIND.AS is categorized as Industrials Equities, while QDVE.DE is Technology Equities. WIND.AS tracks MSCI World/Materials NR USD, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WIND.AS and 0.15% for QDVE.DE.
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