NQSE.DE vs. EXUS.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, NQSE.DE returned 33.33% vs 22.41% for EXUS.DE. A 0.59 correlation means they provide meaningful diversification when combined. NQSE.DE charges 0.33%/yr vs 0.15%/yr for EXUS.DE.
Performance
NQSE.DE vs. EXUS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NQSE.DE achieves a 15.12% return, which is significantly higher than EXUS.DE's 10.45% return.
NQSE.DE
- 1D
- 3.16%
- 1M
- 1.35%
- YTD
- 15.12%
- 6M
- 16.84%
- 1Y
- 33.33%
- 3Y*
- 23.70%
- 5Y*
- 14.04%
- 10Y*
- —
EXUS.DE
- 1D
- 1.99%
- 1M
- 3.82%
- YTD
- 10.45%
- 6M
- 12.24%
- 1Y
- 22.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NQSE.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 15.12% | 18.19% | 16.19% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 10.45% | 17.80% | 4.15% |
Correlation
The correlation between NQSE.DE and EXUS.DE is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | 0.59 |
The correlation between NQSE.DE and EXUS.DE has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
NQSE.DE vs. EXUS.DE — Risk / Return Rank
NQSE.DE
EXUS.DE
NQSE.DE vs. EXUS.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 MSCI World ex USA UCITS ETF 1C USD (EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.51 | +0.22 |
| Martin ratioReturn relative to average drawdown | 9.34 | 9.96 | -0.63 |
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Drawdowns
NQSE.DE vs. EXUS.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.62%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and EXUS.DE.
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Drawdown Indicators
| NQSE.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -16.21% | -21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -8.67% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | — | — |
Current DrawdownCurrent decline from peak | -3.08% | -0.03% | -3.05% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -1.78% | -6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.19% | +1.30% |
Volatility
NQSE.DE vs. EXUS.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 6.10% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.68%. This indicates that NQSE.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 3.68% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 10.41% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 12.66% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 13.46% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 13.46% | +8.14% |
NQSE.DE vs. EXUS.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than EXUS.DE's 0.15% expense ratio.
Dividends
NQSE.DE vs. EXUS.DE - Dividend Comparison
Neither NQSE.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and EXUS.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.33% for NQSE.DE.
NQSE.DE is categorized as Nasdaq-100, while EXUS.DE is Global Equities. NQSE.DE tracks NASDAQ-100 Index, while EXUS.DE tracks MSCI World ex USA index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.33% for NQSE.DE and 0.15% for EXUS.DE.
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