EUNM.DE vs. NQSE.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, EUNM.DE returned 8.41%/yr vs 14.91%/yr for NQSE.DE. A 0.60 correlation means they provide meaningful diversification when combined. EUNM.DE charges 0.18%/yr vs 0.33%/yr for NQSE.DE.
Performance
EUNM.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNM.DE achieves a 27.21% return, which is significantly higher than NQSE.DE's 17.82% return.
EUNM.DE
- 1D
- -1.60%
- 1M
- 3.61%
- YTD
- 27.21%
- 6M
- 27.83%
- 1Y
- 48.65%
- 3Y*
- 20.75%
- 5Y*
- 8.41%
- 10Y*
- 9.83%
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
EUNM.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 27.21% | 19.18% | 14.09% | 5.71% | -14.47% | 4.68% | 6.84% | 20.91% | -1.83% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -36.29% | 27.37% | 45.23% | 35.67% | -15.98% |
Correlation
The correlation between EUNM.DE and NQSE.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.60 |
The correlation between EUNM.DE and NQSE.DE shifts across timeframes, from 0.59 (5 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNM.DE vs. NQSE.DE — Risk / Return Rank
EUNM.DE
NQSE.DE
EUNM.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Acc) (EUNM.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.
| EUNM.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.39 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 3.08 | +1.64 |
| Martin ratioReturn relative to average drawdown | 17.07 | 10.77 | +6.30 |
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
| EUNM.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 2.28 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.71 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.82 | -0.43 |
Drawdowns
EUNM.DE vs. NQSE.DE - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, roughly equal to the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and NQSE.DE.
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Drawdown Indicators
| EUNM.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -37.67% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.46% | -11.87% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -22.40% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | -37.67% | +14.05% |
Max Drawdown (10Y)Largest decline over 10 years | -31.86% | — | — |
Current DrawdownCurrent decline from peak | -2.61% | -0.84% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -8.56% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.40% | -0.50% |
Volatility
EUNM.DE vs. NQSE.DE - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a higher volatility of 7.30% compared to iShares NASDAQ 100 UCITS ETF (NQSE.DE) at 4.75%. This indicates that EUNM.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
| EUNM.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 4.75% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 11.99% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 16.05% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 20.91% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 21.54% | -3.35% |
EUNM.DE vs. NQSE.DE - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
EUNM.DE vs. NQSE.DE - Dividend Comparison
Neither EUNM.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNM.DE and NQSE.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNM.DE is cheaper with a 0.18% expense ratio, compared with 0.33% for NQSE.DE.
EUNM.DE is categorized as Emerging Markets Equities, while NQSE.DE is Nasdaq-100. EUNM.DE tracks MSCI Emerging Markets, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.18% for EUNM.DE and 0.33% for NQSE.DE.
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