NQSE.DE vs. EUNH.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, NQSE.DE returned 11.89%/yr vs -2.85%/yr for EUNH.DE. At a 0.07 correlation, their price movements are largely independent. NQSE.DE charges 0.33%/yr vs 0.07%/yr for EUNH.DE.
Performance
NQSE.DE vs. EUNH.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 EUNH.DE's -1.68% 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*
- —
EUNH.DE
- 1D
- 0.05%
- 1M
- -1.17%
- 6M
- -0.68%
- YTD
- -1.68%
- 1Y
- -1.04%
- 3Y*
- 1.61%
- 5Y*
- -2.85%
- 10Y*
- -0.68%
NQSE.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -1.68% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.76% | 1.03% |
Correlation
The correlation between NQSE.DE and EUNH.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.07 |
Over the past year, NQSE.DE and EUNH.DE have become more correlated (0.32) than their long-term average of 0.07, 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. EUNH.DE — Risk / Return Rank
NQSE.DE
EUNH.DE
NQSE.DE vs. EUNH.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 Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.96 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | -0.32 | +2.11 |
| Martin ratioReturn relative to average drawdown | 5.78 | -0.74 | +6.53 |
Loading charts...
Drawdowns
NQSE.DE vs. EUNH.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.62%, which is greater than EUNH.DE's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and EUNH.DE.
Loading charts...
Drawdown Indicators
| NQSE.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -22.42% | -15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -3.59% | -8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | -4.10% | -18.31% |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | -21.53% | -16.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.42% | — |
Current DrawdownCurrent decline from peak | -6.95% | -15.48% | +8.53% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -5.88% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 1.57% | +2.10% |
Volatility
NQSE.DE vs. EUNH.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 6.20% compared to iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) at 1.12%. This indicates that NQSE.DE's price experiences larger fluctuations and is considered to be riskier than EUNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NQSE.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 1.12% | +5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 3.74% | +10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 4.55% | +13.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 6.37% | +14.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 5.52% | +16.08% |
NQSE.DE vs. EUNH.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than EUNH.DE's 0.07% expense ratio.
Dividends
NQSE.DE vs. EUNH.DE - Dividend Comparison
NQSE.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 1.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 1.31% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NQSE.DE and EUNH.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.33% for NQSE.DE.
NQSE.DE is categorized as Nasdaq-100, while EUNH.DE is European Government Bonds. NQSE.DE tracks NASDAQ-100 Index, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. Their fees differ too: 0.33% for NQSE.DE and 0.07% for EUNH.DE.
Find the right allocation for NQSE.DE and EUNH.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