IS3H.DE vs. NQSE.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IS3H.DE is a Europe Equities fund tracking the MSCI EMU Mid Cap, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IS3H.DE returned 9.27%/yr vs 14.91%/yr for NQSE.DE. A 0.64 correlation means they provide meaningful diversification when combined. IS3H.DE charges 0.49%/yr vs 0.33%/yr for NQSE.DE.
Performance
IS3H.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3H.DE achieves a 9.28% return, which is significantly lower than NQSE.DE's 17.82% return.
IS3H.DE
- 1D
- 0.47%
- 1M
- 2.04%
- YTD
- 9.28%
- 6M
- 11.50%
- 1Y
- 17.53%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
NQSE.DE
- 1D
- -0.77%
- 1M
- 8.32%
- YTD
- 17.82%
- 6M
- 17.54%
- 1Y
- 36.74%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
IS3H.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -14.80% | 15.42% | 3.89% | 29.25% | -16.86% |
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 IS3H.DE and NQSE.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.64 |
The correlation between IS3H.DE and NQSE.DE has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
IS3H.DE vs. NQSE.DE — Risk / Return Rank
IS3H.DE
NQSE.DE
IS3H.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| IS3H.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.08 | -0.93 |
| Martin ratioReturn relative to average drawdown | 7.71 | 10.77 | -3.06 |
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
| IS3H.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 2.28 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.71 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.82 | -0.26 |
Drawdowns
IS3H.DE vs. NQSE.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.63%, roughly equal to the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and NQSE.DE.
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Drawdown Indicators
| IS3H.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.63% | -37.67% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -11.87% | +3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -22.40% | +8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -37.67% | +11.13% |
Max Drawdown (10Y)Largest decline over 10 years | -37.63% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.84% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -8.56% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.40% | -1.13% |
Volatility
IS3H.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) is 3.33%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that IS3H.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
| IS3H.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.75% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 11.99% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 16.05% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 20.91% | -5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 21.54% | -5.39% |
IS3H.DE vs. NQSE.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
IS3H.DE vs. NQSE.DE - Dividend Comparison
Neither IS3H.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3H.DE and NQSE.DE have a correlation of 0.58, 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 0.49% for IS3H.DE.
IS3H.DE is categorized as Europe Equities, while NQSE.DE is Nasdaq-100. IS3H.DE tracks MSCI EMU Mid Cap, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.49% for IS3H.DE and 0.33% for NQSE.DE.
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