EUNZ.DE vs. NQSE.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, EUNZ.DE returned 6.48%/yr vs 14.91%/yr for NQSE.DE. At a 0.49 correlation, their price movements are largely independent. EUNZ.DE charges 0.40%/yr vs 0.33%/yr for NQSE.DE.
Performance
EUNZ.DE vs. NQSE.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with EUNZ.DE having a 18.69% return and NQSE.DE slightly lower at 17.82%.
EUNZ.DE
- 1D
- -1.19%
- 1M
- 3.85%
- YTD
- 18.69%
- 6M
- 17.92%
- 1Y
- 22.13%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
EUNZ.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -0.42% |
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 EUNZ.DE and NQSE.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.49 |
The correlation between EUNZ.DE and NQSE.DE shifts across timeframes, from 0.44 (5 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUNZ.DE vs. NQSE.DE — Risk / Return Rank
EUNZ.DE
NQSE.DE
EUNZ.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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.
| EUNZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.08 | -0.08 |
| Martin ratioReturn relative to average drawdown | 10.57 | 10.77 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUNZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.28 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.71 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.82 | -0.46 |
Drawdowns
EUNZ.DE vs. NQSE.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -30.47%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and NQSE.DE.
Loading charts...
Drawdown Indicators
| EUNZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -37.67% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -11.87% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -22.40% | +8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -37.67% | +23.67% |
Max Drawdown (10Y)Largest decline over 10 years | -26.15% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -0.84% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -8.56% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 3.40% | -1.27% |
Volatility
EUNZ.DE vs. NQSE.DE - Volatility Comparison
iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) and iShares NASDAQ 100 UCITS ETF (NQSE.DE) have volatilities of 4.75% and 4.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUNZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 4.75% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 11.99% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 16.05% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 20.91% | -9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 21.54% | -8.22% |
EUNZ.DE vs. NQSE.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
EUNZ.DE vs. NQSE.DE - Dividend Comparison
Neither EUNZ.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNZ.DE and NQSE.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.40% for EUNZ.DE.
EUNZ.DE is categorized as Emerging Markets Equities, while NQSE.DE is Nasdaq-100. EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.40% for EUNZ.DE and 0.33% for NQSE.DE.
Find the right allocation for EUNZ.DE and NQSE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer