NQSE.DE vs. ERNX.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, NQSE.DE returned 25.27%/yr vs 3.33%/yr for ERNX.DE. At a correlation of -0.01, they often move in opposite directions. NQSE.DE charges 0.33%/yr vs 0.09%/yr for ERNX.DE.
Performance
NQSE.DE vs. ERNX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NQSE.DE achieves a 17.82% return, which is significantly higher than ERNX.DE's 0.87% return.
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.28%
- YTD
- 0.87%
- 6M
- 0.97%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
NQSE.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -19.84% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
Correlation
The correlation between NQSE.DE and ERNX.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | -0.01 |
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Return for Risk
NQSE.DE vs. ERNX.DE — Risk / Return Rank
NQSE.DE
ERNX.DE
NQSE.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.DE) and iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.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.
| NQSE.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.67 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 10.99 | -7.91 |
| Martin ratioReturn relative to average drawdown | 10.77 | 54.93 | -44.16 |
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
| NQSE.DE | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.94 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 3.90 | -3.08 |
Drawdowns
NQSE.DE vs. ERNX.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.67%, which is greater than ERNX.DE's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and ERNX.DE.
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Drawdown Indicators
| NQSE.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -0.83% | -36.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -0.20% | -11.67% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -0.20% | -22.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.67% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -0.09% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 0.04% | +3.36% |
Volatility
NQSE.DE vs. ERNX.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 4.75% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.17%. This indicates that NQSE.DE's price experiences larger fluctuations and is considered to be riskier than ERNX.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 | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 0.17% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 0.56% | +11.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 0.74% | +15.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 0.68% | +20.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 0.68% | +20.86% |
NQSE.DE vs. ERNX.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than ERNX.DE's 0.09% expense ratio.
Dividends
NQSE.DE vs. ERNX.DE - Dividend Comparison
Neither NQSE.DE nor ERNX.DE has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and ERNX.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNX.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNX.DE is cheaper with a 0.09% expense ratio, compared with 0.33% for NQSE.DE.
NQSE.DE is categorized as Nasdaq-100, while ERNX.DE is Ultrashort Bond. NQSE.DE tracks NASDAQ-100 Index, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Their fees differ too: 0.33% for NQSE.DE and 0.09% for ERNX.DE.
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