SNAZ.DE vs. NQSE.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - SNAZ.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 12.85%/yr for NQSE.DE. At a 0.34 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.33%/yr for NQSE.DE.
Performance
SNAZ.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.98% return, which is significantly lower than NQSE.DE's 14.72% return.
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
NQSE.DE
- 1D
- 0.35%
- 1M
- -3.37%
- 6M
- 16.19%
- YTD
- 14.72%
- 1Y
- 26.71%
- 3Y*
- 22.71%
- 5Y*
- 12.85%
- 10Y*
- —
SNAZ.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.98% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 14.72% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 51.00% |
Correlation
The correlation between SNAZ.DE and NQSE.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 | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.34 |
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Return for Risk
SNAZ.DE vs. NQSE.DE — Risk / Return Rank
SNAZ.DE
NQSE.DE
SNAZ.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) and iShares NASDAQ 100 UCITS ETF (NQSE.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.
| SNAZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.24 | -0.85 |
| Martin ratioReturn relative to average drawdown | 5.14 | 7.50 | -2.36 |
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Drawdowns
SNAZ.DE vs. NQSE.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and NQSE.DE.
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Drawdown Indicators
| SNAZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -37.62% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -11.88% | +8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -22.41% | +18.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -37.62% | +15.74% |
Current DrawdownCurrent decline from peak | -1.34% | -3.42% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -8.51% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 3.55% | -2.76% |
Volatility
SNAZ.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) is 0.91%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 7.00%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than NQSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNAZ.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 7.00% | -6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 13.51% | -10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 17.21% | -13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 21.11% | -16.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 21.59% | -13.94% |
SNAZ.DE vs. NQSE.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
SNAZ.DE vs. NQSE.DE - Dividend Comparison
Neither SNAZ.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and NQSE.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, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE is categorized as Emerging Markets Bonds, while NQSE.DE is Nasdaq-100. SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.53% for SNAZ.DE and 0.33% for NQSE.DE.
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