NQSE.DE vs. IUSE.L
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 5 years, NQSE.DE returned 11.89%/yr vs 10.14%/yr for IUSE.L. Their correlation of 0.89 suggests significant overlap in exposure. NQSE.DE charges 0.33%/yr vs 0.20%/yr for IUSE.L.
Performance
NQSE.DE vs. IUSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, NQSE.DE achieves a 10.53% return, which is significantly higher than IUSE.L's 7.54% 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*
- —
IUSE.L
- 1D
- -1.30%
- 1M
- -0.21%
- 6M
- 6.68%
- YTD
- 7.54%
- 1Y
- 17.02%
- 3Y*
- 16.87%
- 5Y*
- 10.14%
- 10Y*
- 12.04%
NQSE.DE vs. IUSE.L - 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% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.54% | 14.95% | 23.21% | 23.05% | -21.17% | 27.85% | 14.81% | 26.33% | -13.35% |
Correlation
The correlation between NQSE.DE and IUSE.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.89 |
The correlation between NQSE.DE and IUSE.L has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
NQSE.DE vs. IUSE.L — Risk / Return Rank
NQSE.DE
IUSE.L
NQSE.DE vs. IUSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.DE) and iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L). 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 | IUSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.98 | -0.19 |
| Martin ratioReturn relative to average drawdown | 5.78 | 7.93 | -2.15 |
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Drawdowns
NQSE.DE vs. IUSE.L - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.62%, which is greater than IUSE.L's maximum drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and IUSE.L.
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Drawdown Indicators
| NQSE.DE | IUSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -34.75% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -8.67% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | -18.33% | -4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | -26.23% | -11.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.75% | — |
Current DrawdownCurrent decline from peak | -6.95% | -1.97% | -4.98% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -4.25% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.16% | +1.51% |
Volatility
NQSE.DE vs. IUSE.L - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 6.20% compared to iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) at 3.05%. This indicates that NQSE.DE's price experiences larger fluctuations and is considered to be riskier than IUSE.L 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 | IUSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 3.05% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 9.34% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 12.08% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 16.07% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 16.29% | +5.31% |
NQSE.DE vs. IUSE.L - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than IUSE.L's 0.20% expense ratio.
Dividends
NQSE.DE vs. IUSE.L - Dividend Comparison
Neither NQSE.DE nor IUSE.L has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and IUSE.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSE.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSE.L is cheaper with a 0.20% expense ratio, compared with 0.33% for NQSE.DE.
NQSE.DE is categorized as Nasdaq-100, while IUSE.L is S&P 500. NQSE.DE tracks NASDAQ-100 Index, while IUSE.L tracks S&P 500 EUR Hedged Index. Their fees differ too: 0.33% for NQSE.DE and 0.20% for IUSE.L.
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