84X0.DE vs. NQSE.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - 84X0.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index (Net), while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, 84X0.DE returned 68.88% vs 36.74% for NQSE.DE. A 0.65 correlation means they provide meaningful diversification when combined. 84X0.DE charges 0.18%/yr vs 0.33%/yr for NQSE.DE.
Performance
84X0.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 84X0.DE achieves a 40.37% return, which is significantly higher than NQSE.DE's 17.82% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 8.33%
- YTD
- 40.37%
- 6M
- 44.02%
- 1Y
- 68.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NQSE.DE
- 1D
- -0.77%
- 1M
- 8.32%
- YTD
- 17.82%
- 6M
- 17.54%
- 1Y
- 36.74%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
84X0.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 11.41% |
Correlation
The correlation between 84X0.DE and NQSE.DE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.65 |
The correlation between 84X0.DE and NQSE.DE has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. NQSE.DE — Risk / Return Rank
84X0.DE
NQSE.DE
84X0.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.
| 84X0.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.39 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 3.08 | +2.79 |
| Martin ratioReturn relative to average drawdown | 21.92 | 10.77 | +11.15 |
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
| 84X0.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 2.28 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.82 | +0.95 |
Drawdowns
84X0.DE vs. NQSE.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and NQSE.DE.
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Drawdown Indicators
| 84X0.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -37.67% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -11.87% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.67% | — |
Current DrawdownCurrent decline from peak | -2.49% | -0.84% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -8.56% | +5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.40% | -0.27% |
Volatility
84X0.DE vs. NQSE.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to iShares NASDAQ 100 UCITS ETF (NQSE.DE) at 4.75%. This indicates that 84X0.DE's price experiences larger fluctuations and is considered to be riskier 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
| 84X0.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 4.75% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 11.99% | +4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 16.05% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 20.91% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 21.54% | -4.43% |
84X0.DE vs. NQSE.DE - Expense Ratio Comparison
84X0.DE has a 0.18% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
84X0.DE vs. NQSE.DE - Dividend Comparison
Neither 84X0.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
84X0.DE and NQSE.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.33% for NQSE.DE.
84X0.DE is categorized as Emerging Markets Equities, while NQSE.DE is Nasdaq-100. 84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.18% for 84X0.DE and 0.33% for NQSE.DE.
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