XDEM.DE vs. QDVA.DE
XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both Momentum funds - XDEM.DE tracks the MSCI World Momentum Index while QDVA.DE tracks the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, XDEM.DE returned 14.74%/yr vs 15.17%/yr for QDVA.DE. Their correlation of 0.94 suggests significant overlap in exposure. XDEM.DE charges 0.25%/yr vs 0.20%/yr for QDVA.DE.
Performance
XDEM.DE vs. QDVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEM.DE achieves a 22.76% return, which is significantly lower than QDVA.DE's 30.20% return.
XDEM.DE
- 1D
- -0.95%
- 1M
- 8.67%
- YTD
- 22.76%
- 6M
- 23.73%
- 1Y
- 31.52%
- 3Y*
- 26.15%
- 5Y*
- 14.74%
- 10Y*
- 15.65%
QDVA.DE
- 1D
- -2.00%
- 1M
- 12.85%
- YTD
- 30.20%
- 6M
- 30.17%
- 1Y
- 37.02%
- 3Y*
- 28.68%
- 5Y*
- 15.17%
- 10Y*
- —
XDEM.DE vs. QDVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 22.76% | 8.09% | 38.24% | 8.17% | -13.85% | 25.04% | 16.52% | 31.63% | 0.79% | 16.07% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 30.20% | 5.11% | 40.00% | 5.98% | -13.66% | 22.93% | 17.39% | 31.13% | 1.12% | 20.30% |
Correlation
The correlation between XDEM.DE and QDVA.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.94 |
The correlation between XDEM.DE and QDVA.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
XDEM.DE vs. QDVA.DE — Risk / Return Rank
XDEM.DE
QDVA.DE
XDEM.DE vs. QDVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) and iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.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.
| XDEM.DE | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 3.89 | -0.42 |
| Martin ratioReturn relative to average drawdown | 13.27 | 12.67 | +0.60 |
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
| XDEM.DE | QDVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.96 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.79 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.83 | +0.06 |
Drawdowns
XDEM.DE vs. QDVA.DE - Drawdown Comparison
The maximum XDEM.DE drawdown since its inception was -30.93%, smaller than the maximum QDVA.DE drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for XDEM.DE and QDVA.DE.
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Drawdown Indicators
| XDEM.DE | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.93% | -33.34% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -9.48% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -23.51% | -25.56% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | -25.56% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -2.00% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -6.84% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.91% | -0.55% |
Volatility
XDEM.DE vs. QDVA.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) is 5.80%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 7.65%. This indicates that XDEM.DE experiences smaller price fluctuations and is considered to be less risky than QDVA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEM.DE | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 7.65% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 15.66% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 18.82% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 19.11% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 19.19% | -1.34% |
XDEM.DE vs. QDVA.DE - Expense Ratio Comparison
XDEM.DE has a 0.25% expense ratio, which is higher than QDVA.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDEM.DE vs. QDVA.DE - Dividend Comparison
Neither XDEM.DE nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XDEM.DE and QDVA.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, QDVA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XDEM.DE.
XDEM.DE tracks MSCI World Momentum Index, while QDVA.DE tracks MSCI USA Momentum Index. They also come from different issuers: DWS and iShares. Their fees differ too: 0.25% for XDEM.DE and 0.20% for QDVA.DE.
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