NQSE.DE vs. DBXD.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and DBXD.DE (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while DBXD.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 5 years, NQSE.DE returned 11.89%/yr vs 9.27%/yr for DBXD.DE. A 0.65 correlation means they provide meaningful diversification when combined. NQSE.DE charges 0.33%/yr vs 0.09%/yr for DBXD.DE.
Performance
NQSE.DE vs. DBXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NQSE.DE achieves a 10.53% return, which is significantly higher than DBXD.DE's 0.89% return.
NQSE.DE
- 1D
- -2.24%
- 1M
- -5.74%
- 6M
- 10.53%
- YTD
- 10.53%
- 1Y
- 21.18%
- 3Y*
- 20.13%
- 5Y*
- 11.89%
- 10Y*
- —
DBXD.DE
- 1D
- -0.34%
- 1M
- -0.73%
- 6M
- -2.21%
- YTD
- 0.89%
- 1Y
- 1.76%
- 3Y*
- 14.95%
- 5Y*
- 9.27%
- 10Y*
- 9.03%
NQSE.DE vs. DBXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 10.53% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 45.18% | 35.63% | -15.97% |
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.89% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -11.59% |
Correlation
The correlation between NQSE.DE and DBXD.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.65 |
The correlation between NQSE.DE and DBXD.DE has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
NQSE.DE vs. DBXD.DE — Risk / Return Rank
NQSE.DE
DBXD.DE
NQSE.DE vs. DBXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.DE) and Xtrackers DAX UCITS ETF 1C (DBXD.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 | DBXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.03 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.12 | +1.67 |
| Martin ratioReturn relative to average drawdown | 5.78 | 0.36 | +5.42 |
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Drawdowns
NQSE.DE vs. DBXD.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.62%, smaller than the maximum DBXD.DE drawdown of -54.83%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and DBXD.DE.
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Drawdown Indicators
| NQSE.DE | DBXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -54.83% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -12.32% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | -15.92% | -6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | -26.70% | -10.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.83% | — |
Current DrawdownCurrent decline from peak | -6.95% | -3.84% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -11.27% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.95% | -0.28% |
Volatility
NQSE.DE vs. DBXD.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 6.20% compared to Xtrackers DAX UCITS ETF 1C (DBXD.DE) at 4.65%. This indicates that NQSE.DE's price experiences larger fluctuations and is considered to be riskier than DBXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NQSE.DE | DBXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 4.65% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 13.55% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 16.28% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 17.19% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 18.09% | +3.51% |
NQSE.DE vs. DBXD.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than DBXD.DE's 0.09% expense ratio.
Dividends
NQSE.DE vs. DBXD.DE - Dividend Comparison
Neither NQSE.DE nor DBXD.DE has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and DBXD.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.33% for NQSE.DE.
NQSE.DE is categorized as Nasdaq-100, while DBXD.DE is Europe Equities. NQSE.DE tracks NASDAQ-100 Index, while DBXD.DE tracks DAX®. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.33% for NQSE.DE and 0.09% for DBXD.DE.
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