IBC4.DE vs. NQSE.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IBC4.DE is a Emerging Markets Equities fund tracking the MSCI South Africa Capped Index, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IBC4.DE returned 11.49%/yr vs 12.85%/yr for NQSE.DE. At a 0.47 correlation, their price movements are largely independent. IBC4.DE charges 0.65%/yr vs 0.33%/yr for NQSE.DE.
Performance
IBC4.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC4.DE achieves a -1.83% return, which is significantly lower than NQSE.DE's 14.72% return.
IBC4.DE
- 1D
- 0.65%
- 1M
- -0.00%
- 6M
- -2.26%
- YTD
- -1.83%
- 1Y
- 32.92%
- 3Y*
- 22.90%
- 5Y*
- 11.49%
- 10Y*
- 7.19%
NQSE.DE
- 1D
- 0.35%
- 1M
- -3.37%
- 6M
- 16.19%
- YTD
- 14.72%
- 1Y
- 26.71%
- 3Y*
- 22.71%
- 5Y*
- 12.85%
- 10Y*
- —
IBC4.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | -1.83% | 57.35% | 14.83% | -3.10% | 1.72% | 12.68% | -11.83% | 12.46% | 1.40% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 14.72% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 45.18% | 35.63% | -15.97% |
Correlation
The correlation between IBC4.DE and NQSE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.47 |
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Return for Risk
IBC4.DE vs. NQSE.DE — Risk / Return Rank
IBC4.DE
NQSE.DE
IBC4.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.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.
| IBC4.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.27 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.24 | -0.72 |
| Martin ratioReturn relative to average drawdown | 3.57 | 7.50 | -3.94 |
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Drawdowns
IBC4.DE vs. NQSE.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than NQSE.DE's maximum drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and NQSE.DE.
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Drawdown Indicators
| IBC4.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -37.62% | -17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -11.88% | -9.66% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -22.41% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -37.62% | +7.88% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | — | — |
Current DrawdownCurrent decline from peak | -16.46% | -3.42% | -13.04% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -8.51% | -8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 3.55% | +5.66% |
Volatility
IBC4.DE vs. NQSE.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has a higher volatility of 8.06% compared to iShares NASDAQ 100 UCITS ETF (NQSE.DE) at 7.00%. This indicates that IBC4.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
| IBC4.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 7.00% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 13.51% | +11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 17.21% | +12.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 21.11% | +4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 21.59% | +6.25% |
IBC4.DE vs. NQSE.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
IBC4.DE vs. NQSE.DE - Dividend Comparison
Neither IBC4.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC4.DE and NQSE.DE have a correlation of 0.47, 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 0.65% for IBC4.DE.
IBC4.DE is categorized as Emerging Markets Equities, while NQSE.DE is Nasdaq-100. IBC4.DE tracks MSCI South Africa Capped Index, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.65% for IBC4.DE and 0.33% for NQSE.DE.
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