EMNE.DE vs. NQSE.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - EMNE.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus CTB Index, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 12.53%/yr for NQSE.DE. A 0.59 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.33%/yr for NQSE.DE.
Performance
EMNE.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNE.DE achieves a 10.66% return, which is significantly lower than NQSE.DE's 13.72% return.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
NQSE.DE
- 1D
- -0.81%
- 1M
- -3.78%
- 6M
- 14.79%
- YTD
- 13.72%
- 1Y
- 25.15%
- 3Y*
- 21.19%
- 5Y*
- 12.53%
- 10Y*
- —
EMNE.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 13.72% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 45.18% | 21.75% |
Correlation
The correlation between EMNE.DE and NQSE.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.59 |
The correlation between EMNE.DE and NQSE.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
EMNE.DE vs. NQSE.DE — Risk / Return Rank
EMNE.DE
NQSE.DE
EMNE.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
| EMNE.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.11 | -0.27 |
| Martin ratioReturn relative to average drawdown | 6.80 | 6.91 | -0.11 |
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Drawdowns
EMNE.DE vs. NQSE.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, smaller than the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and NQSE.DE.
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Drawdown Indicators
| EMNE.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -37.62% | +3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -11.88% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -22.41% | +7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -37.62% | +12.92% |
Current DrawdownCurrent decline from peak | -2.07% | -4.26% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -8.49% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.63% | -0.68% |
Volatility
EMNE.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) is 3.83%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 5.88%. This indicates that EMNE.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
| EMNE.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 5.88% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 13.79% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 17.60% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 21.18% | -4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 21.59% | -1.60% |
EMNE.DE vs. NQSE.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
EMNE.DE vs. NQSE.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, while NQSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.37% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNE.DE and NQSE.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNE.DE is cheaper with a 0.12% expense ratio, compared with 0.33% for NQSE.DE.
EMNE.DE is categorized as Europe Equities, while NQSE.DE is Nasdaq-100. EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.12% for EMNE.DE and 0.33% for NQSE.DE.
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