AYE2.DE vs. NQSE.DE
AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - AYE2.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, AYE2.DE returned 2.45%/yr vs 14.91%/yr for NQSE.DE. A 0.56 correlation means they provide meaningful diversification when combined. AYE2.DE charges 0.25%/yr vs 0.33%/yr for NQSE.DE.
Performance
AYE2.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYE2.DE achieves a 0.71% return, which is significantly lower than NQSE.DE's 17.82% return.
AYE2.DE
- 1D
- -0.10%
- 1M
- 0.88%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 3.78%
- 3Y*
- 6.88%
- 5Y*
- 2.45%
- 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*
- —
AYE2.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.71% | 5.88% | 6.36% | 10.77% | -10.72% | 0.80% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -36.29% | 23.70% |
Correlation
The correlation between AYE2.DE and NQSE.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.56 |
The correlation between AYE2.DE and NQSE.DE shifts across timeframes, from 0.49 (3 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AYE2.DE vs. NQSE.DE — Risk / Return Rank
AYE2.DE
NQSE.DE
AYE2.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.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.
| AYE2.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.08 | -1.87 |
| Martin ratioReturn relative to average drawdown | 5.15 | 10.77 | -5.61 |
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
| AYE2.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 2.28 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.71 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.82 | -0.37 |
Drawdowns
AYE2.DE vs. NQSE.DE - Drawdown Comparison
The maximum AYE2.DE drawdown since its inception was -16.48%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and NQSE.DE.
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Drawdown Indicators
| AYE2.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -37.67% | +21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -11.87% | +8.77% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -22.40% | +18.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -37.67% | +21.19% |
Current DrawdownCurrent decline from peak | -0.33% | -0.84% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -8.56% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 3.40% | -2.67% |
Volatility
AYE2.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) is 0.98%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that AYE2.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
| AYE2.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 4.75% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 11.99% | -8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 16.05% | -12.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 20.91% | -15.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 21.54% | -16.28% |
AYE2.DE vs. NQSE.DE - Expense Ratio Comparison
AYE2.DE has a 0.25% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
AYE2.DE vs. NQSE.DE - Dividend Comparison
Neither AYE2.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
AYE2.DE and NQSE.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYE2.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYE2.DE is cheaper with a 0.25% expense ratio, compared with 0.33% for NQSE.DE.
AYE2.DE is categorized as European High Yield Bonds, while NQSE.DE is Nasdaq-100. AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.25% for AYE2.DE and 0.33% for NQSE.DE.
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