XDGE.DE vs. QDVY.DE
XDGE.DE (Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist)) and QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - XDGE.DE tracks the Bloomberg USD Liquid Investment Grade Corporate Index (EUR Hedged) while QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5. Both are passively managed. Over the past 5 years, XDGE.DE returned -2.37%/yr vs 5.09%/yr for QDVY.DE. At a correlation of -0.21, they often move in opposite directions. XDGE.DE charges 0.21%/yr vs 0.10%/yr for QDVY.DE.
Performance
XDGE.DE vs. QDVY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDGE.DE achieves a -0.24% return, which is significantly lower than QDVY.DE's 5.04% return.
XDGE.DE
- 1D
- 0.10%
- 1M
- 0.29%
- 6M
- 0.05%
- YTD
- -0.24%
- 1Y
- 2.22%
- 3Y*
- 2.89%
- 5Y*
- -2.37%
- 10Y*
- 0.13%
QDVY.DE
- 1D
- 0.23%
- 1M
- 1.85%
- 6M
- 4.80%
- YTD
- 5.04%
- 1Y
- 7.69%
- 3Y*
- 3.93%
- 5Y*
- 5.09%
- 10Y*
- —
XDGE.DE vs. QDVY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDGE.DE Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) | -0.24% | 5.66% | -0.80% | 6.42% | -19.81% | -2.73% | 8.97% | 14.64% | -7.06% | 1.94% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 5.04% | -6.57% | 12.71% | 2.90% | 7.46% | 9.00% | -8.10% | 6.74% | 5.86% | -15.81% |
Correlation
The correlation between XDGE.DE and QDVY.DE is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | -0.21 |
The correlation between XDGE.DE and QDVY.DE shifts across timeframes, from -0.33 (1 year) to -0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XDGE.DE vs. QDVY.DE — Risk / Return Rank
XDGE.DE
QDVY.DE
XDGE.DE vs. QDVY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) (XDGE.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.
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.
| XDGE.DE | QDVY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.23 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 2.38 | -1.78 |
| Martin ratioReturn relative to average drawdown | 1.47 | 5.76 | -4.29 |
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Drawdowns
XDGE.DE vs. QDVY.DE - Drawdown Comparison
The maximum XDGE.DE drawdown since its inception was -27.36%, which is greater than QDVY.DE's maximum drawdown of -19.19%. Use the drawdown chart below to compare losses from any high point for XDGE.DE and QDVY.DE.
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Drawdown Indicators
| XDGE.DE | QDVY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -19.19% | -8.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -3.21% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -8.34% | -11.29% | +2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -11.29% | -15.69% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | — | — |
Current DrawdownCurrent decline from peak | -13.43% | -4.24% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -9.14% | -7.36% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.33% | +0.17% |
Volatility
XDGE.DE vs. QDVY.DE - Volatility Comparison
The current volatility for Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) (XDGE.DE) is 1.16%, while iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a volatility of 1.97%. This indicates that XDGE.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
| XDGE.DE | QDVY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.97% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 4.37% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 6.11% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.40% | 7.84% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.03% | 9.02% | -0.99% |
XDGE.DE vs. QDVY.DE - Expense Ratio Comparison
XDGE.DE has a 0.21% expense ratio, which is higher than QDVY.DE's 0.10% 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
XDGE.DE vs. QDVY.DE - Dividend Comparison
XDGE.DE's dividend yield for the trailing twelve months is around 4.58%, which matches QDVY.DE's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 4.61% | 5.18% | 5.89% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
XDGE.DE Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) | 4.58% | 4.71% | 5.47% | 3.79% | 7.81% | 3.10% | 4.79% | 2.91% | 2.56% | 1.70% |
Frequently Asked Questions
XDGE.DE and QDVY.DE have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVY.DE is cheaper with a 0.10% expense ratio, compared with 0.21% for XDGE.DE.
XDGE.DE tracks Bloomberg USD Liquid Investment Grade Corporate Index (EUR Hedged), while QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.21% for XDGE.DE and 0.10% for QDVY.DE.
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