NQSE.DE vs. EUNM.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, NQSE.DE returned 14.91%/yr vs 8.41%/yr for EUNM.DE. A 0.60 correlation means they provide meaningful diversification when combined. NQSE.DE charges 0.33%/yr vs 0.18%/yr for EUNM.DE.
Performance
NQSE.DE vs. EUNM.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 lower than EUNM.DE's 27.21% 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*
- —
EUNM.DE
- 1D
- -1.60%
- 1M
- 3.61%
- YTD
- 27.21%
- 6M
- 27.83%
- 1Y
- 48.65%
- 3Y*
- 20.75%
- 5Y*
- 8.41%
- 10Y*
- 9.83%
NQSE.DE vs. EUNM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -36.29% | 27.37% | 45.23% | 35.67% | -15.98% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 27.21% | 19.18% | 14.09% | 5.71% | -14.47% | 4.68% | 6.84% | 20.91% | -1.83% |
Correlation
The correlation between NQSE.DE and EUNM.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.60 |
The correlation between NQSE.DE and EUNM.DE shifts across timeframes, from 0.59 (5 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NQSE.DE vs. EUNM.DE — Risk / Return Rank
NQSE.DE
EUNM.DE
NQSE.DE vs. EUNM.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 MSCI EM UCITS ETF (Acc) (EUNM.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 | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.50 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 4.72 | -1.64 |
| Martin ratioReturn relative to average drawdown | 10.77 | 17.07 | -6.30 |
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 | EUNM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.78 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.50 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.39 | +0.43 |
Drawdowns
NQSE.DE vs. EUNM.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.67%, roughly equal to the maximum EUNM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and EUNM.DE.
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Drawdown Indicators
| NQSE.DE | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -35.91% | -1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -10.46% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -19.01% | -3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -37.67% | -23.62% | -14.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.86% | — |
Current DrawdownCurrent decline from peak | -0.84% | -2.61% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -10.55% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.90% | +0.50% |
Volatility
NQSE.DE vs. EUNM.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (NQSE.DE) is 4.75%, while iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a volatility of 7.30%. This indicates that NQSE.DE experiences smaller price fluctuations and is considered to be less risky than EUNM.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 | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 7.30% | -2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 14.98% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 17.80% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 16.70% | +4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 18.19% | +3.35% |
NQSE.DE vs. EUNM.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than EUNM.DE's 0.18% expense ratio.
Dividends
NQSE.DE vs. EUNM.DE - Dividend Comparison
Neither NQSE.DE nor EUNM.DE has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and EUNM.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNM.DE is cheaper with a 0.18% expense ratio, compared with 0.33% for NQSE.DE.
NQSE.DE is categorized as Nasdaq-100, while EUNM.DE is Emerging Markets Equities. NQSE.DE tracks NASDAQ-100 Index, while EUNM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.33% for NQSE.DE and 0.18% for EUNM.DE.
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