NQSE.DE vs. ETLX.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and ETLX.DE (L&G Gold Mining UCITS ETF) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners. Both are passively managed. Over the past 5 years, NQSE.DE returned 11.89%/yr vs 22.00%/yr for ETLX.DE. At a 0.18 correlation, their price movements are largely independent. NQSE.DE charges 0.33%/yr vs 0.65%/yr for ETLX.DE.
Performance
NQSE.DE vs. ETLX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NQSE.DE achieves a 10.53% return, which is significantly higher than ETLX.DE's -17.69% 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*
- —
ETLX.DE
- 1D
- -1.41%
- 1M
- -14.44%
- 6M
- -25.07%
- YTD
- -17.69%
- 1Y
- 45.65%
- 3Y*
- 37.92%
- 5Y*
- 22.00%
- 10Y*
- 11.24%
NQSE.DE vs. ETLX.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% |
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | 21.96% |
Correlation
The correlation between NQSE.DE and ETLX.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 (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.18 |
Over the past year, NQSE.DE and ETLX.DE have become more correlated (0.41) than their long-term average of 0.18, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NQSE.DE vs. ETLX.DE — Risk / Return Rank
NQSE.DE
ETLX.DE
NQSE.DE vs. ETLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.DE) and L&G Gold Mining UCITS ETF (ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.25 | +0.53 |
| Martin ratioReturn relative to average drawdown | 5.78 | 2.92 | +2.86 |
Loading charts...
Drawdowns
NQSE.DE vs. ETLX.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.62%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and ETLX.DE.
Loading charts...
Drawdown Indicators
| NQSE.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -73.44% | +35.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -36.57% | +24.69% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | -36.57% | +14.16% |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | -42.01% | +4.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.06% | — |
Current DrawdownCurrent decline from peak | -6.95% | -36.57% | +29.62% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -34.38% | +25.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 15.71% | -12.04% |
Volatility
NQSE.DE vs. ETLX.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (NQSE.DE) is 6.20%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 13.74%. This indicates that NQSE.DE experiences smaller price fluctuations and is considered to be less risky than ETLX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NQSE.DE | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 13.74% | -7.54% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 37.76% | -23.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 48.26% | -30.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 36.80% | -15.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 34.09% | -12.49% |
NQSE.DE vs. ETLX.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
NQSE.DE vs. ETLX.DE - Dividend Comparison
Neither NQSE.DE nor ETLX.DE has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and ETLX.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 0.65% for ETLX.DE.
NQSE.DE is categorized as Nasdaq-100, while ETLX.DE is Gold. NQSE.DE tracks NASDAQ-100 Index, while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.33% for NQSE.DE and 0.65% for ETLX.DE.
Find the right allocation for NQSE.DE and ETLX.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer