ASWC.DE vs. NQSE.DE
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, ASWC.DE returned 16.90% vs 33.33% for NQSE.DE. A 0.51 correlation means they provide meaningful diversification when combined. ASWC.DE charges 0.49%/yr vs 0.33%/yr for NQSE.DE.
Performance
ASWC.DE vs. NQSE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly lower than NQSE.DE's 15.12% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 4.69%
- YTD
- 13.04%
- 6M
- 13.89%
- 1Y
- 16.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NQSE.DE
- 1D
- 3.16%
- 1M
- 1.35%
- YTD
- 15.12%
- 6M
- 16.84%
- 1Y
- 33.33%
- 3Y*
- 23.70%
- 5Y*
- 14.04%
- 10Y*
- —
ASWC.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 15.12% | 18.19% | 24.02% | 10.34% |
Correlation
The correlation between ASWC.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 (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.51 |
The correlation between ASWC.DE and NQSE.DE has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ASWC.DE vs. NQSE.DE — Risk / Return Rank
ASWC.DE
NQSE.DE
ASWC.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.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.
| ASWC.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.34 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.73 | -1.38 |
| Martin ratioReturn relative to average drawdown | 3.10 | 9.34 | -6.23 |
Loading charts...
Drawdowns
ASWC.DE vs. NQSE.DE - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and NQSE.DE.
Loading charts...
Drawdown Indicators
| ASWC.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -37.62% | +25.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -11.88% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.62% | — |
Current DrawdownCurrent decline from peak | -2.83% | -3.08% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -8.55% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 3.49% | +2.02% |
Volatility
ASWC.DE vs. NQSE.DE - Volatility Comparison
HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and iShares NASDAQ 100 UCITS ETF (NQSE.DE) have volatilities of 5.89% and 6.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ASWC.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 6.10% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 12.93% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 16.74% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 21.02% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 21.60% | -2.49% |
ASWC.DE vs. NQSE.DE - Expense Ratio Comparison
ASWC.DE has a 0.49% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
ASWC.DE vs. NQSE.DE - Dividend Comparison
Neither ASWC.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
ASWC.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, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.49% for ASWC.DE.
ASWC.DE is categorized as Aerospace & Defense, while NQSE.DE is Nasdaq-100. ASWC.DE tracks EQM Future of Defence Index, while NQSE.DE tracks NASDAQ-100 Index. They also come from different issuers: HANetf and iShares. Their fees differ too: 0.49% for ASWC.DE and 0.33% for NQSE.DE.
Find the right allocation for ASWC.DE and NQSE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer