NQSE.DE vs. SPY5.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, NQSE.DE returned 14.04%/yr vs 14.23%/yr for SPY5.DE. Their correlation of 0.82 suggests significant overlap in exposure. NQSE.DE charges 0.33%/yr vs 0.03%/yr for SPY5.DE.
Performance
NQSE.DE vs. SPY5.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 SPY5.DE's 9.95% return.
NQSE.DE
- 1D
- 3.16%
- 1M
- 0.12%
- YTD
- 15.12%
- 6M
- 16.84%
- 1Y
- 33.33%
- 3Y*
- 23.70%
- 5Y*
- 14.04%
- 10Y*
- —
SPY5.DE
- 1D
- 1.56%
- 1M
- 0.08%
- YTD
- 9.95%
- 6M
- 10.78%
- 1Y
- 24.88%
- 3Y*
- 17.96%
- 5Y*
- 14.23%
- 10Y*
- 14.78%
NQSE.DE vs. SPY5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 15.12% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 45.18% | 35.63% | -15.97% |
SPY5.DE SPDR S&P 500 UCITS ETF | 9.95% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.44% | -12.11% |
Correlation
The correlation between NQSE.DE and SPY5.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.82 |
The correlation between NQSE.DE and SPY5.DE has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
NQSE.DE vs. SPY5.DE — Risk / Return Rank
NQSE.DE
SPY5.DE
NQSE.DE vs. SPY5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.DE) and SPDR S&P 500 UCITS ETF (SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.41 | -0.68 |
| Martin ratioReturn relative to average drawdown | 9.34 | 12.10 | -2.77 |
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Drawdowns
NQSE.DE vs. SPY5.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.62%, which is greater than SPY5.DE's maximum drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for NQSE.DE and SPY5.DE.
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Drawdown Indicators
| NQSE.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -33.86% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -7.15% | -4.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | -23.34% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | -23.34% | -14.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.86% | — |
Current DrawdownCurrent decline from peak | -3.08% | -1.74% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -3.92% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.02% | +1.47% |
Volatility
NQSE.DE vs. SPY5.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 6.10% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 3.08%. This indicates that NQSE.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 3.08% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 7.88% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 11.75% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 15.21% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 16.08% | +5.52% |
NQSE.DE vs. SPY5.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than SPY5.DE's 0.03% expense ratio.
Dividends
NQSE.DE vs. SPY5.DE - Dividend Comparison
NQSE.DE has not paid dividends to shareholders, while SPY5.DE's dividend yield for the trailing twelve months is around 0.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY5.DE SPDR S&P 500 UCITS ETF | 0.90% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.43% | 1.28% | 1.59% | 1.57% | 1.69% |
Frequently Asked Questions
NQSE.DE and SPY5.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.33% for NQSE.DE.
NQSE.DE is categorized as Nasdaq-100, while SPY5.DE is S&P 500. NQSE.DE tracks NASDAQ-100 Index, while SPY5.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.33% for NQSE.DE and 0.03% for SPY5.DE.
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