IS0P.DE vs. NQSE.DE
IS0P.DE (iShares Spain Government Bond UCITS ETF Dist) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IS0P.DE is a European Government Bonds fund tracking the Bloomberg Spain Treasury Bond, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IS0P.DE returned -1.97%/yr vs 12.53%/yr for NQSE.DE. At a 0.08 correlation, their price movements are largely independent. IS0P.DE charges 0.20%/yr vs 0.33%/yr for NQSE.DE.
Performance
IS0P.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0P.DE achieves a -0.28% return, which is significantly lower than NQSE.DE's 13.72% return.
IS0P.DE
- 1D
- -0.01%
- 1M
- -0.70%
- 6M
- -0.53%
- YTD
- -0.28%
- 1Y
- 1.28%
- 3Y*
- 3.21%
- 5Y*
- -1.97%
- 10Y*
- 0.26%
NQSE.DE
- 1D
- -0.81%
- 1M
- -3.78%
- 6M
- 14.79%
- YTD
- 13.72%
- 1Y
- 25.15%
- 3Y*
- 21.19%
- 5Y*
- 12.53%
- 10Y*
- —
IS0P.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | -0.28% | 1.84% | 2.83% | 6.58% | -17.73% | -3.10% | 3.98% | 8.51% | 0.49% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 13.72% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 45.18% | 35.63% | -15.97% |
Correlation
The correlation between IS0P.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 | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.08 |
Over the past year, IS0P.DE and NQSE.DE have become more correlated (0.33) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
IS0P.DE vs. NQSE.DE — Risk / Return Rank
IS0P.DE
NQSE.DE
IS0P.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Spain Government Bond UCITS ETF Dist (IS0P.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.
| IS0P.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 2.11 | -1.73 |
| Martin ratioReturn relative to average drawdown | 0.95 | 6.91 | -5.96 |
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Drawdowns
IS0P.DE vs. NQSE.DE - Drawdown Comparison
The maximum IS0P.DE drawdown since its inception was -21.93%, smaller than the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for IS0P.DE and NQSE.DE.
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Drawdown Indicators
| IS0P.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.93% | -37.62% | +15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -11.88% | +8.46% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -22.41% | +18.43% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -37.62% | +16.78% |
Max Drawdown (10Y)Largest decline over 10 years | -21.93% | — | — |
Current DrawdownCurrent decline from peak | -11.78% | -4.26% | -7.52% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -8.49% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 3.63% | -2.29% |
Volatility
IS0P.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) is 1.16%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 5.88%. This indicates that IS0P.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
| IS0P.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 5.88% | -4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 13.79% | -10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 17.60% | -13.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 21.18% | -14.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 21.59% | -16.10% |
IS0P.DE vs. NQSE.DE - Expense Ratio Comparison
IS0P.DE has a 0.20% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
IS0P.DE vs. NQSE.DE - Dividend Comparison
IS0P.DE's dividend yield for the trailing twelve months is around 2.51%, while NQSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | 2.51% | 2.38% | 1.96% | 1.22% | 0.63% | 0.46% | 0.45% | 0.75% | 1.08% | 1.29% | 1.38% | 1.67% |
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
IS0P.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, IS0P.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0P.DE is cheaper with a 0.20% expense ratio, compared with 0.33% for NQSE.DE.
IS0P.DE is categorized as European Government Bonds, while NQSE.DE is Nasdaq-100. IS0P.DE tracks Bloomberg Spain Treasury Bond, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.20% for IS0P.DE and 0.33% for NQSE.DE.
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