36BD.DE vs. NQSE.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - 36BD.DE is a Government Bonds fund tracking the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs 14.91%/yr for NQSE.DE. At a correlation of -0.27, they often move in opposite directions. 36BD.DE charges 0.15%/yr vs 0.33%/yr for NQSE.DE.
Performance
36BD.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly lower than NQSE.DE's 17.82% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
36BD.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -36.29% | 23.70% |
Correlation
The correlation between 36BD.DE and NQSE.DE is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | -0.27 |
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Return for Risk
36BD.DE vs. NQSE.DE — Risk / Return Rank
36BD.DE
NQSE.DE
36BD.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and iShares NASDAQ 100 UCITS ETF (NQSE.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.
| 36BD.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.39 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 3.08 | -2.61 |
| Martin ratioReturn relative to average drawdown | 1.13 | 10.77 | -9.64 |
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
| 36BD.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 2.28 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.71 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.82 | -0.63 |
Drawdowns
36BD.DE vs. NQSE.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and NQSE.DE.
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Drawdown Indicators
| 36BD.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -37.67% | +25.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -11.87% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -22.40% | +12.27% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -37.67% | +25.70% |
Current DrawdownCurrent decline from peak | -6.13% | -0.84% | -5.29% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -8.56% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 3.40% | -1.85% |
Volatility
36BD.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than NQSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 4.75% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 11.99% | -8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 16.05% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 20.91% | -13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 21.54% | -14.38% |
36BD.DE vs. NQSE.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
36BD.DE vs. NQSE.DE - Dividend Comparison
Neither 36BD.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
36BD.DE and NQSE.DE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BD.DE is cheaper with a 0.15% expense ratio, compared with 0.33% for NQSE.DE.
36BD.DE is categorized as Government Bonds, while NQSE.DE is Nasdaq-100. 36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.15% for 36BD.DE and 0.33% for NQSE.DE.
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