NQSE.DE vs. ASWC.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, NQSE.DE returned 33.33% vs 16.90% for ASWC.DE. A 0.51 correlation means they provide meaningful diversification when combined. NQSE.DE charges 0.33%/yr vs 0.49%/yr for ASWC.DE.
Performance
NQSE.DE vs. ASWC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NQSE.DE achieves a 15.12% return, which is significantly higher than ASWC.DE's 13.04% return.
NQSE.DE
- 1D
- 3.16%
- 1M
- 1.35%
- YTD
- 15.12%
- 6M
- 16.84%
- 1Y
- 33.33%
- 3Y*
- 23.70%
- 5Y*
- 14.04%
- 10Y*
- —
ASWC.DE
- 1D
- -0.80%
- 1M
- 4.69%
- YTD
- 13.04%
- 6M
- 13.89%
- 1Y
- 16.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NQSE.DE vs. ASWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 15.12% | 18.19% | 24.02% | 10.34% |
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
Correlation
The correlation between NQSE.DE and ASWC.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.51 |
The correlation between NQSE.DE and ASWC.DE has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
NQSE.DE vs. ASWC.DE — Risk / Return Rank
NQSE.DE
ASWC.DE
NQSE.DE vs. ASWC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.DE) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.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.
| NQSE.DE | ASWC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.16 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.36 | +1.38 |
| Martin ratioReturn relative to average drawdown | 9.34 | 3.10 | +6.23 |
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Drawdowns
NQSE.DE vs. ASWC.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.62%, which is greater than ASWC.DE's maximum drawdown of -12.58%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and ASWC.DE.
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Drawdown Indicators
| NQSE.DE | ASWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -12.58% | -25.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -12.58% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | — | — |
Current DrawdownCurrent decline from peak | -3.08% | -2.83% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -2.47% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 5.51% | -2.02% |
Volatility
NQSE.DE vs. ASWC.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) have volatilities of 6.10% and 5.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NQSE.DE | ASWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.89% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 15.89% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 20.35% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 19.11% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 19.11% | +2.49% |
NQSE.DE vs. ASWC.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is lower than ASWC.DE's 0.49% expense ratio.
Dividends
NQSE.DE vs. ASWC.DE - Dividend Comparison
Neither NQSE.DE nor ASWC.DE has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and ASWC.DE have a correlation of 0.41, 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 ASWC.DE.
NQSE.DE is categorized as Nasdaq-100, while ASWC.DE is Aerospace & Defense. NQSE.DE tracks NASDAQ-100 Index, while ASWC.DE tracks EQM Future of Defence Index. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.33% for NQSE.DE and 0.49% for ASWC.DE.
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