EMNJ.DE vs. NQSE.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - EMNJ.DE is a Japan Equities fund tracking the MSCI Japan 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, EMNJ.DE returned 9.72%/yr vs 12.53%/yr for NQSE.DE. A 0.52 correlation means they provide meaningful diversification when combined. EMNJ.DE charges 0.15%/yr vs 0.33%/yr for NQSE.DE.
Performance
EMNJ.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNJ.DE achieves a 19.97% return, which is significantly higher than NQSE.DE's 13.72% return.
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 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*
- —
EMNJ.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | -13.34% | 9.71% | 5.81% | 3.88% |
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 EMNJ.DE and NQSE.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.52 |
The correlation between EMNJ.DE and NQSE.DE shifts across timeframes, from 0.49 (3 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMNJ.DE vs. NQSE.DE — Risk / Return Rank
EMNJ.DE
NQSE.DE
EMNJ.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.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.
| EMNJ.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.11 | +1.60 |
| Martin ratioReturn relative to average drawdown | 12.48 | 6.91 | +5.57 |
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Drawdowns
EMNJ.DE vs. NQSE.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, smaller than the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and NQSE.DE.
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Drawdown Indicators
| EMNJ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -37.62% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -11.88% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -22.41% | +5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -37.62% | +17.71% |
Current DrawdownCurrent decline from peak | -2.74% | -4.26% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -8.49% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.63% | -0.44% |
Volatility
EMNJ.DE vs. NQSE.DE - Volatility Comparison
iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) has a higher volatility of 6.67% compared to iShares NASDAQ 100 UCITS ETF (NQSE.DE) at 5.88%. This indicates that EMNJ.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
| EMNJ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 5.88% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 13.79% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 17.60% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 21.18% | -4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 21.59% | -3.33% |
EMNJ.DE vs. NQSE.DE - Expense Ratio Comparison
EMNJ.DE has a 0.15% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
EMNJ.DE vs. NQSE.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, while NQSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% |
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
EMNJ.DE and NQSE.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNJ.DE is cheaper with a 0.15% expense ratio, compared with 0.33% for NQSE.DE.
EMNJ.DE is categorized as Japan Equities, while NQSE.DE is Nasdaq-100. EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.15% for EMNJ.DE and 0.33% for NQSE.DE.
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