MACV.DE vs. NQSE.DE
MACV.DE (iShares Conservative Portfolio UCITS ETF EUR (Acc)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - MACV.DE is a Global Allocation fund actively managed by iShares, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. MACV.DE is actively managed, while NQSE.DE is passively managed. Over the past 5 years, MACV.DE returned 0.68%/yr vs 12.85%/yr for NQSE.DE. At a 0.46 correlation, their price movements are largely independent. MACV.DE charges 0.25%/yr vs 0.33%/yr for NQSE.DE.
Performance
MACV.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MACV.DE achieves a 3.65% return, which is significantly lower than NQSE.DE's 14.72% return.
MACV.DE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 3.65%
- YTD
- 3.65%
- 1Y
- 6.72%
- 3Y*
- 5.11%
- 5Y*
- 0.68%
- 10Y*
- —
NQSE.DE
- 1D
- 0.35%
- 1M
- -3.37%
- 6M
- 16.19%
- YTD
- 14.72%
- 1Y
- 26.71%
- 3Y*
- 22.71%
- 5Y*
- 12.85%
- 10Y*
- —
MACV.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MACV.DE iShares Conservative Portfolio UCITS ETF EUR (Acc) | 3.65% | 4.83% | 3.33% | 5.02% | -13.58% | 3.11% | 2.65% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 14.72% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 14.34% |
Correlation
The correlation between MACV.DE and NQSE.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.46 |
Over the past year, MACV.DE and NQSE.DE have become more correlated (0.68) than their long-term average of 0.46, meaning their price movements have been converging.
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Return for Risk
MACV.DE vs. NQSE.DE — Risk / Return Rank
MACV.DE
NQSE.DE
MACV.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.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.
| MACV.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.24 | -0.55 |
| Martin ratioReturn relative to average drawdown | 7.43 | 7.50 | -0.07 |
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Drawdowns
MACV.DE vs. NQSE.DE - Drawdown Comparison
The maximum MACV.DE drawdown since its inception was -15.57%, smaller than the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for MACV.DE and NQSE.DE.
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Drawdown Indicators
| MACV.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.57% | -37.62% | +22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -11.88% | +7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -22.41% | +18.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | -37.62% | +22.05% |
Current DrawdownCurrent decline from peak | -0.37% | -3.42% | +3.05% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -8.51% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 3.55% | -2.65% |
Volatility
MACV.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.DE) is 1.73%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 7.00%. This indicates that MACV.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
| MACV.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 7.00% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 13.51% | -8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.26% | 17.21% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 21.11% | -15.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 21.59% | -16.36% |
MACV.DE vs. NQSE.DE - Expense Ratio Comparison
MACV.DE has a 0.25% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
MACV.DE vs. NQSE.DE - Dividend Comparison
Neither MACV.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
MACV.DE and NQSE.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MACV.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MACV.DE is cheaper with a 0.25% expense ratio, compared with 0.33% for NQSE.DE.
MACV.DE is categorized as Global Allocation, while NQSE.DE is Nasdaq-100. Their fees differ too: 0.25% for MACV.DE and 0.33% for NQSE.DE.
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