IS3L.DE vs. NQSE.DE
IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IS3L.DE is a Ultrashort Bond fund tracking the iBoxx USD Liquid Investment Grade Ultrashort Index, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IS3L.DE returned 4.53%/yr vs 12.85%/yr for NQSE.DE. At a correlation of -0.23, they often move in opposite directions. IS3L.DE charges 0.09%/yr vs 0.33%/yr for NQSE.DE.
Performance
IS3L.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3L.DE achieves a 4.85% return, which is significantly lower than NQSE.DE's 14.72% return.
IS3L.DE
- 1D
- 0.07%
- 1M
- 1.79%
- 6M
- 4.65%
- YTD
- 4.85%
- 1Y
- 7.12%
- 3Y*
- 3.43%
- 5Y*
- 4.53%
- 10Y*
- 2.44%
NQSE.DE
- 1D
- 0.35%
- 1M
- -3.37%
- 6M
- 16.19%
- YTD
- 14.72%
- 1Y
- 26.71%
- 3Y*
- 22.71%
- 5Y*
- 12.85%
- 10Y*
- —
IS3L.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.85% | -7.06% | 11.88% | 1.83% | 7.62% | 8.58% | -7.79% | 5.65% | 1.64% |
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 IS3L.DE and NQSE.DE is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | -0.23 |
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Return for Risk
IS3L.DE vs. NQSE.DE — Risk / Return Rank
IS3L.DE
NQSE.DE
IS3L.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.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.
| IS3L.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.27 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.24 | -0.10 |
| Martin ratioReturn relative to average drawdown | 5.14 | 7.50 | -2.36 |
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Drawdowns
IS3L.DE vs. NQSE.DE - Drawdown Comparison
The maximum IS3L.DE drawdown since its inception was -28.17%, smaller than the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for IS3L.DE and NQSE.DE.
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Drawdown Indicators
| IS3L.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -37.62% | +9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -11.88% | +8.56% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -22.41% | +11.03% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -37.62% | +26.24% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | — | — |
Current DrawdownCurrent decline from peak | -4.88% | -3.42% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -8.51% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 3.55% | -2.17% |
Volatility
IS3L.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) is 1.60%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 7.00%. This indicates that IS3L.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
| IS3L.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 7.00% | -5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 13.51% | -9.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 17.21% | -11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 21.11% | -13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 21.59% | -11.05% |
IS3L.DE vs. NQSE.DE - Expense Ratio Comparison
IS3L.DE has a 0.09% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
IS3L.DE vs. NQSE.DE - Dividend Comparison
IS3L.DE's dividend yield for the trailing twelve months is around 4.25%, while NQSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.25% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
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
IS3L.DE and NQSE.DE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3L.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3L.DE is cheaper with a 0.09% expense ratio, compared with 0.33% for NQSE.DE.
IS3L.DE is categorized as Ultrashort Bond, while NQSE.DE is Nasdaq-100. IS3L.DE tracks iBoxx USD Liquid Investment Grade Ultrashort Index, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.09% for IS3L.DE and 0.33% for NQSE.DE.
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