AUEG.L vs. NQSE.DE
AUEG.L (Amundi MSCI Emerging Markets UCITS ETF USD) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - AUEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, AUEG.L returned 8.55%/yr vs 15.08%/yr for NQSE.DE. A 0.57 correlation means they provide meaningful diversification when combined. AUEG.L charges 0.20%/yr vs 0.33%/yr for NQSE.DE.
Performance
AUEG.L vs. NQSE.DE - Performance Comparison
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Different Trading Currencies
AUEG.L is traded in GBp, while NQSE.DE is traded in EUR. To make them comparable, the NQSE.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AUEG.L achieves a 26.01% return, which is significantly higher than NQSE.DE's 16.89% return.
AUEG.L
- 1D
- -1.63%
- 1M
- 6.26%
- YTD
- 26.01%
- 6M
- 28.10%
- 1Y
- 53.88%
- 3Y*
- 20.95%
- 5Y*
- 8.55%
- 10Y*
- 10.92%
NQSE.DE
- 1D
- -0.65%
- 1M
- 8.56%
- YTD
- 16.89%
- 6M
- 16.40%
- 1Y
- 40.43%
- 3Y*
- 25.46%
- 5Y*
- 15.08%
- 10Y*
- —
AUEG.L vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AUEG.L Amundi MSCI Emerging Markets UCITS ETF USD | 26.01% | 25.28% | 8.99% | 3.02% | -10.18% | -2.18% | 14.26% | 13.31% | -0.89% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 16.84% | 24.31% | 18.66% | 49.06% | -32.80% | 18.38% | 53.43% | 28.61% | -14.92% |
Correlation
The correlation between AUEG.L and NQSE.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.57 |
The correlation between AUEG.L and NQSE.DE has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
AUEG.L vs. NQSE.DE — Risk / Return Rank
AUEG.L
NQSE.DE
AUEG.L vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets UCITS ETF USD (AUEG.L) 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.
| AUEG.L | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.43 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | 3.13 | +1.76 |
| Martin ratioReturn relative to average drawdown | 17.24 | 10.34 | +6.90 |
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
| AUEG.L | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.20 | 2.54 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.72 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.80 | -0.18 |
Drawdowns
AUEG.L vs. NQSE.DE - Drawdown Comparison
The maximum AUEG.L drawdown since its inception was -27.50%, smaller than the maximum NQSE.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for AUEG.L and NQSE.DE.
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Drawdown Indicators
| AUEG.L | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -35.06% | +7.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -12.85% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -20.50% | +5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.59% | -35.06% | +11.47% |
Max Drawdown (10Y)Largest decline over 10 years | -27.50% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -0.65% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -8.31% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.90% | -0.78% |
Volatility
AUEG.L vs. NQSE.DE - Volatility Comparison
Amundi MSCI Emerging Markets UCITS ETF USD (AUEG.L) has a higher volatility of 7.40% compared to iShares NASDAQ 100 UCITS ETF (NQSE.DE) at 4.91%. This indicates that AUEG.L'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
| AUEG.L | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 4.91% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.32% | 11.79% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 15.85% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 20.80% | -4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 21.43% | -3.52% |
AUEG.L vs. NQSE.DE - Expense Ratio Comparison
AUEG.L has a 0.20% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
AUEG.L vs. NQSE.DE - Dividend Comparison
Neither AUEG.L nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
AUEG.L and NQSE.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AUEG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AUEG.L is cheaper with a 0.20% expense ratio, compared with 0.33% for NQSE.DE.
AUEG.L is categorized as Emerging Markets Equities, while NQSE.DE is Nasdaq-100. AUEG.L tracks MSCI EM NR USD, while NQSE.DE tracks NASDAQ-100 Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AUEG.L and 0.33% for NQSE.DE.
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