XGBE.DE vs. QDVY.DE
XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) and QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index while QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5. Both are passively managed. Over the past 5 years, XGBE.DE returned -0.79%/yr vs 5.09%/yr for QDVY.DE. At a correlation of -0.15, they often move in opposite directions. XGBE.DE charges 0.25%/yr vs 0.10%/yr for QDVY.DE.
Performance
XGBE.DE vs. QDVY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGBE.DE achieves a 1.11% return, which is significantly lower than QDVY.DE's 5.04% return.
XGBE.DE
- 1D
- -0.04%
- 1M
- 0.68%
- 6M
- 1.41%
- YTD
- 1.11%
- 1Y
- 1.81%
- 3Y*
- 4.36%
- 5Y*
- -0.79%
- 10Y*
- —
QDVY.DE
- 1D
- 0.23%
- 1M
- 1.85%
- 6M
- 4.80%
- YTD
- 5.04%
- 1Y
- 7.69%
- 3Y*
- 3.93%
- 5Y*
- 5.09%
- 10Y*
- —
XGBE.DE vs. QDVY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 1.11% | 2.73% | 3.40% | 7.52% | -16.38% | -0.21% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 5.04% | -6.57% | 12.71% | 2.90% | 7.46% | 5.52% |
Correlation
The correlation between XGBE.DE and QDVY.DE is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | -0.15 |
The correlation between XGBE.DE and QDVY.DE shifts across timeframes, from -0.26 (1 year) to -0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XGBE.DE vs. QDVY.DE — Risk / Return Rank
XGBE.DE
QDVY.DE
XGBE.DE vs. QDVY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.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.
| XGBE.DE | QDVY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.38 | -1.70 |
| Martin ratioReturn relative to average drawdown | 2.16 | 5.76 | -3.61 |
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Drawdowns
XGBE.DE vs. QDVY.DE - Drawdown Comparison
The maximum XGBE.DE drawdown since its inception was -20.20%, 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 XGBE.DE and QDVY.DE.
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Drawdown Indicators
| XGBE.DE | QDVY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -19.19% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -3.21% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | -11.29% | +8.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -11.29% | -8.91% |
Current DrawdownCurrent decline from peak | -5.48% | -4.24% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -7.36% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.33% | -0.49% |
Volatility
XGBE.DE vs. QDVY.DE - Volatility Comparison
The current volatility for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) is 0.62%, while iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a volatility of 1.97%. This indicates that XGBE.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
| XGBE.DE | QDVY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.97% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 4.37% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 6.11% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 7.84% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 9.02% | -3.99% |
XGBE.DE vs. QDVY.DE - Expense Ratio Comparison
XGBE.DE has a 0.25% 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
XGBE.DE vs. QDVY.DE - Dividend Comparison
XGBE.DE has not paid dividends to shareholders, while QDVY.DE's dividend yield for the trailing twelve months is around 4.61%.
| 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% |
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGBE.DE and QDVY.DE have a correlation of -0.26, 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 0.25% for XGBE.DE.
XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index, while QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XGBE.DE and 0.10% for QDVY.DE.
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