XCS5.DE vs. QDV5.DE
XCS5.DE (Xtrackers MSCI India Swap UCITS ETF 1C) and QDV5.DE (iShares MSCI India UCITS ETF USD (Acc)) are both India Equities funds tracking the MSCI India, from Xtrackers and iShares respectively. Both are passively managed. Over the past 5 years, XCS5.DE returned 5.09%/yr vs 5.53%/yr for QDV5.DE. With a 0.98 correlation, they move nearly in lockstep. XCS5.DE charges 0.75%/yr vs 0.65%/yr for QDV5.DE.
Performance
XCS5.DE vs. QDV5.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XCS5.DE having a -6.08% return and QDV5.DE slightly lower at -6.17%.
XCS5.DE
- 1D
- 0.06%
- 1M
- 5.10%
- YTD
- -6.08%
- 6M
- -6.97%
- 1Y
- -10.46%
- 3Y*
- 4.23%
- 5Y*
- 5.09%
- 10Y*
- 7.06%
QDV5.DE
- 1D
- 0.00%
- 1M
- 5.72%
- YTD
- -6.17%
- 6M
- -6.84%
- 1Y
- -10.19%
- 3Y*
- 4.55%
- 5Y*
- 5.53%
- 10Y*
- —
XCS5.DE vs. QDV5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XCS5.DE Xtrackers MSCI India Swap UCITS ETF 1C | -6.08% | -10.03% | 16.45% | 14.98% | -2.19% | 34.64% | 2.10% | 9.37% | -0.10% |
QDV5.DE iShares MSCI India UCITS ETF USD (Acc) | -6.17% | -8.01% | 15.55% | 14.92% | -1.74% | 35.10% | 3.45% | 10.54% | 1.36% |
Correlation
The correlation between XCS5.DE and QDV5.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 30, 2018 | 0.98 |
The correlation between XCS5.DE and QDV5.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
XCS5.DE vs. QDV5.DE — Risk / Return Rank
XCS5.DE
QDV5.DE
XCS5.DE vs. QDV5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI India Swap UCITS ETF 1C (XCS5.DE) and iShares MSCI India UCITS ETF USD (Acc) (QDV5.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XCS5.DE | QDV5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.92 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.50 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.06 | -0.02 |
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Drawdowns
XCS5.DE vs. QDV5.DE - Drawdown Comparison
The maximum XCS5.DE drawdown since its inception was -41.32%, roughly equal to the maximum QDV5.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for XCS5.DE and QDV5.DE.
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Drawdown Indicators
| XCS5.DE | QDV5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -41.02% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -19.05% | -19.42% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -28.82% | -27.47% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.82% | -27.47% | -1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -41.32% | — | — |
Current DrawdownCurrent decline from peak | -21.27% | -19.25% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -8.23% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 8.98% | -0.09% |
Volatility
XCS5.DE vs. QDV5.DE - Volatility Comparison
Xtrackers MSCI India Swap UCITS ETF 1C (XCS5.DE) and iShares MSCI India UCITS ETF USD (Acc) (QDV5.DE) have volatilities of 4.91% and 5.04%, 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
| XCS5.DE | QDV5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 5.04% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 13.97% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 16.68% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.61% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 21.64% | -1.25% |
XCS5.DE vs. QDV5.DE - Expense Ratio Comparison
XCS5.DE has a 0.75% expense ratio, which is higher than QDV5.DE's 0.65% expense ratio.
Dividends
XCS5.DE vs. QDV5.DE - Dividend Comparison
Neither XCS5.DE nor QDV5.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, XCS5.DE and QDV5.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, QDV5.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDV5.DE is cheaper with a 0.65% expense ratio, compared with 0.75% for XCS5.DE.
Both ETFs track MSCI India. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.75% for XCS5.DE and 0.65% for QDV5.DE.
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