4BRZ.DE vs. NQSE.DE
4BRZ.DE (iShares MSCI Brazil UCITS ETF (DE) USD (Acc)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - 4BRZ.DE is a Latin America Equities fund tracking the MSCI Brazil 25/50 Index, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, 4BRZ.DE returned 5.24%/yr vs 12.02%/yr for NQSE.DE. At a 0.40 correlation, their price movements are largely independent. 4BRZ.DE charges 0.31%/yr vs 0.33%/yr for NQSE.DE.
Performance
4BRZ.DE vs. NQSE.DE - Performance Comparison
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Different Trading Currencies
4BRZ.DE is traded in USD, while NQSE.DE is traded in EUR. To make them comparable, the NQSE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4BRZ.DE achieves a 10.78% return, which is significantly lower than NQSE.DE's 11.69% return.
4BRZ.DE
- 1D
- 1.19%
- 1M
- 1.17%
- 6M
- 9.79%
- YTD
- 10.78%
- 1Y
- 25.26%
- 3Y*
- 8.77%
- 5Y*
- 5.24%
- 10Y*
- —
NQSE.DE
- 1D
- 0.38%
- 1M
- -4.71%
- 6M
- 13.40%
- YTD
- 11.69%
- 1Y
- 23.27%
- 3Y*
- 24.78%
- 5Y*
- 12.02%
- 10Y*
- —
4BRZ.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 10.78% | 48.47% | -29.92% | 32.87% | 14.05% | -19.58% | -19.46% | 28.48% | -1.96% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 11.69% | 33.43% | 16.93% | 56.96% | -39.78% | 17.33% | 59.37% | 32.76% | -9.66% |
Correlation
The correlation between 4BRZ.DE and NQSE.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.40 |
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Return for Risk
4BRZ.DE vs. NQSE.DE — Risk / Return Rank
4BRZ.DE
NQSE.DE
4BRZ.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.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.
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.
| 4BRZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.52 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.45 | 5.28 | -1.84 |
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Drawdowns
4BRZ.DE vs. NQSE.DE - Drawdown Comparison
The maximum 4BRZ.DE drawdown since its inception was -57.20%, which is greater than NQSE.DE's maximum drawdown of -46.26%. Use the drawdown chart below to compare losses from any high point for 4BRZ.DE and NQSE.DE.
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Drawdown Indicators
| 4BRZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.20% | -46.26% | -10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -15.24% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -30.79% | -19.28% | -11.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.39% | -46.26% | +13.87% |
Current DrawdownCurrent decline from peak | -15.72% | -5.03% | -10.69% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -10.19% | -8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 4.39% | +2.74% |
Volatility
4BRZ.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) is 7.07%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 7.55%. This indicates that 4BRZ.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
| 4BRZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 7.55% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 15.12% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.57% | 18.99% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.42% | 24.00% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.15% | 23.98% | +9.17% |
4BRZ.DE vs. NQSE.DE - Expense Ratio Comparison
4BRZ.DE has a 0.31% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
4BRZ.DE vs. NQSE.DE - Dividend Comparison
Neither 4BRZ.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
4BRZ.DE and NQSE.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4BRZ.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4BRZ.DE is cheaper with a 0.31% expense ratio, compared with 0.33% for NQSE.DE.
4BRZ.DE is categorized as Latin America Equities, while NQSE.DE is Nasdaq-100. 4BRZ.DE tracks MSCI Brazil 25/50 Index, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.31% for 4BRZ.DE and 0.33% for NQSE.DE.
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