Underlying Asset Performance: The primary driver is the performance of the underlying assets that the QDVA.F ETF tracks. A positive trend in these assets usually leads to a higher ETF price.

Supply and Demand: Basic market forces influence the ETF's price. Increased demand pushes the price upward, while increased supply can lower it.

Market Sentiment: General investor confidence or pessimism can impact the demand for and therefore the price of the ETF, irrespective of the underlying assets' fundamentals.

Currency Exchange Rates: As a foreign-listed ETF, currency fluctuations between the ETF's trading currency and the underlying assets' currencies play a crucial role in its price.

Expense Ratio and Fees: The management fees and operating expenses of the ETF indirectly affect its price as they reduce the overall returns for investors.

Tracking Error: The difference between the ETF's performance and the performance of its underlying index can affect investor perception and therefore the ETF's price.

Liquidity of Underlying Assets: If the assets the ETF holds are difficult to buy or sell quickly, this can affect the ETF's price and trading efficiency.

Geopolitical and Economic Events: Major global events, political instability, and significant economic shifts can all affect investor sentiment and, consequently, the price of the ETF.