IBCL.DE vs. NQSE.DE
IBCL.DE (iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IBCL.DE is a Government Bonds fund tracking the Bloomberg Euro Government Bond 15-30 Year Index, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IBCL.DE returned -7.37%/yr vs 12.85%/yr for NQSE.DE. At a 0.05 correlation, their price movements are largely independent. IBCL.DE charges 0.15%/yr vs 0.33%/yr for NQSE.DE.
Performance
IBCL.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCL.DE achieves a 1.09% return, which is significantly lower than NQSE.DE's 14.72% return.
IBCL.DE
- 1D
- -0.28%
- 1M
- 1.11%
- 6M
- 1.89%
- YTD
- 1.09%
- 1Y
- -1.73%
- 3Y*
- 0.28%
- 5Y*
- -7.37%
- 10Y*
- -2.57%
NQSE.DE
- 1D
- 0.35%
- 1M
- -3.37%
- 6M
- 16.19%
- YTD
- 14.72%
- 1Y
- 26.71%
- 3Y*
- 22.71%
- 5Y*
- 12.85%
- 10Y*
- —
IBCL.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBCL.DE iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | 1.09% | -5.38% | -0.90% | 9.73% | -34.35% | -6.57% | 11.60% | 15.55% | 1.87% |
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 IBCL.DE and NQSE.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.05 |
Over the past year, IBCL.DE and NQSE.DE have become more correlated (0.33) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
IBCL.DE vs. NQSE.DE — Risk / Return Rank
IBCL.DE
NQSE.DE
IBCL.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.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.
| IBCL.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.24 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.58 | 7.50 | -8.08 |
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Drawdowns
IBCL.DE vs. NQSE.DE - Drawdown Comparison
The maximum IBCL.DE drawdown since its inception was -43.80%, 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 IBCL.DE and NQSE.DE.
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Drawdown Indicators
| IBCL.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.80% | -37.62% | -6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -11.88% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -11.97% | -22.41% | +10.44% |
Max Drawdown (5Y)Largest decline over 5 years | -42.19% | -37.62% | -4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -43.80% | — | — |
Current DrawdownCurrent decline from peak | -36.74% | -3.42% | -33.32% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -8.51% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.55% | -0.62% |
Volatility
IBCL.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.DE) is 2.18%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 7.00%. This indicates that IBCL.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
| IBCL.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 7.00% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 13.51% | -6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 17.21% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 21.11% | -7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.50% | 21.59% | -10.09% |
IBCL.DE vs. NQSE.DE - Expense Ratio Comparison
IBCL.DE has a 0.15% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
IBCL.DE vs. NQSE.DE - Dividend Comparison
IBCL.DE's dividend yield for the trailing twelve months is around 3.63%, while NQSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCL.DE iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | 3.63% | 3.53% | 3.19% | 2.64% | 1.31% | 0.53% | 0.74% | 1.26% | 1.50% | 1.35% | 1.47% | 1.83% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBCL.DE and NQSE.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCL.DE is cheaper with a 0.15% expense ratio, compared with 0.33% for NQSE.DE.
IBCL.DE is categorized as Government Bonds, while NQSE.DE is Nasdaq-100. IBCL.DE tracks Bloomberg Euro Government Bond 15-30 Year Index, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.15% for IBCL.DE and 0.33% for NQSE.DE.
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