IS0Z.DE vs. NQSE.DE
IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IS0Z.DE is a Global Bonds fund tracking the Bloomberg Global Government AAA-AA Capped Bond, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IS0Z.DE returned -2.11%/yr vs 14.91%/yr for NQSE.DE. At a 0.02 correlation, their price movements are largely independent. IS0Z.DE charges 0.20%/yr vs 0.33%/yr for NQSE.DE.
Performance
IS0Z.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Z.DE achieves a 1.29% return, which is significantly lower than NQSE.DE's 17.82% return.
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.78%
- YTD
- 1.29%
- 6M
- 1.06%
- 1Y
- 0.23%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
IS0Z.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -16.12% | -0.07% | 2.03% | 7.04% | 1.31% |
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 IS0Z.DE and NQSE.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.02 |
Over the past year, IS0Z.DE and NQSE.DE have become more correlated (0.27) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
IS0Z.DE vs. NQSE.DE — Risk / Return Rank
IS0Z.DE
NQSE.DE
IS0Z.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.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.
| IS0Z.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.39 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 3.08 | -2.99 |
| Martin ratioReturn relative to average drawdown | 0.19 | 10.77 | -10.58 |
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
| IS0Z.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 2.28 | -2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.71 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.82 | -0.77 |
Drawdowns
IS0Z.DE vs. NQSE.DE - Drawdown Comparison
The maximum IS0Z.DE drawdown since its inception was -21.02%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for IS0Z.DE and NQSE.DE.
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Drawdown Indicators
| IS0Z.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -37.67% | +16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -11.87% | +9.37% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -22.40% | +17.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -37.67% | +18.02% |
Max Drawdown (10Y)Largest decline over 10 years | -21.02% | — | — |
Current DrawdownCurrent decline from peak | -15.06% | -0.84% | -14.22% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -8.56% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 3.40% | -2.19% |
Volatility
IS0Z.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) is 1.69%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that IS0Z.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
| IS0Z.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 4.75% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 11.99% | -8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 16.05% | -12.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 20.91% | -14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 21.54% | -15.88% |
IS0Z.DE vs. NQSE.DE - Expense Ratio Comparison
IS0Z.DE has a 0.20% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
IS0Z.DE vs. NQSE.DE - Dividend Comparison
IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%, while NQSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
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
IS0Z.DE and NQSE.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0Z.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0Z.DE is cheaper with a 0.20% expense ratio, compared with 0.33% for NQSE.DE.
IS0Z.DE is categorized as Global Bonds, while NQSE.DE is Nasdaq-100. IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.20% for IS0Z.DE and 0.33% for NQSE.DE.
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