SPY5.L vs. NQSE.DE
SPY5.L (State Street SPDR S&P 500 UCITS ETF) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - SPY5.L is a S&P 500 fund tracking the S&P 500, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, SPY5.L returned 13.27%/yr vs 13.00%/yr for NQSE.DE. Their correlation of 0.85 suggests significant overlap in exposure. SPY5.L charges 0.09%/yr vs 0.33%/yr for NQSE.DE.
Performance
SPY5.L vs. NQSE.DE - Performance Comparison
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Different Trading Currencies
SPY5.L is traded in USD, while NQSE.DE is traded in EUR. To make them comparable, the NQSE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPY5.L achieves a 8.61% return, which is significantly lower than NQSE.DE's 13.35% return.
SPY5.L
- 1D
- 2.31%
- 1M
- -0.62%
- YTD
- 8.61%
- 6M
- 9.78%
- 1Y
- 25.17%
- 3Y*
- 20.84%
- 5Y*
- 13.27%
- 10Y*
- 15.24%
NQSE.DE
- 1D
- 3.05%
- 1M
- -0.77%
- YTD
- 13.35%
- 6M
- 15.11%
- 1Y
- 33.52%
- 3Y*
- 26.59%
- 5Y*
- 13.00%
- 10Y*
- —
SPY5.L vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPY5.L State Street SPDR S&P 500 UCITS ETF | 8.61% | 17.43% | 25.36% | 26.64% | -18.68% | 29.28% | 17.52% | 30.43% | -12.46% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 13.35% | 33.43% | 16.93% | 56.96% | -39.78% | 17.33% | 59.37% | 32.76% | -17.06% |
Correlation
The correlation between SPY5.L and NQSE.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.85 |
The correlation between SPY5.L and NQSE.DE has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
SPY5.L vs. NQSE.DE — Risk / Return Rank
SPY5.L
NQSE.DE
SPY5.L vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF (SPY5.L) 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.
| SPY5.L | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.12 | +0.89 |
| Martin ratioReturn relative to average drawdown | 12.62 | 7.59 | +5.03 |
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Drawdowns
SPY5.L vs. NQSE.DE - Drawdown Comparison
The maximum SPY5.L drawdown since its inception was -33.89%, smaller than the maximum NQSE.DE drawdown of -46.26%. Use the drawdown chart below to compare losses from any high point for SPY5.L and NQSE.DE.
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Drawdown Indicators
| SPY5.L | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -46.26% | +12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -15.24% | +7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.36% | -19.28% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -46.26% | +21.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -3.62% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -10.24% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 4.26% | -2.31% |
Volatility
SPY5.L vs. NQSE.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF (SPY5.L) is 4.17%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 6.62%. This indicates that SPY5.L 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
| SPY5.L | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 6.62% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 14.48% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 18.56% | -6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 23.91% | -7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 23.99% | -7.74% |
SPY5.L vs. NQSE.DE - Expense Ratio Comparison
SPY5.L has a 0.09% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
SPY5.L vs. NQSE.DE - Dividend Comparison
SPY5.L's dividend yield for the trailing twelve months is around 0.90%, while NQSE.DE has not paid dividends to shareholders.
| 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.L State Street SPDR S&P 500 UCITS ETF | 0.90% | 0.97% | 1.06% | 1.19% | 1.40% | 0.99% | 1.28% | 1.44% | 1.77% | 1.51% | 1.64% | 1.73% |
Frequently Asked Questions
SPY5.L and NQSE.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.L is cheaper with a 0.09% expense ratio, compared with 0.33% for NQSE.DE.
SPY5.L is categorized as S&P 500, while NQSE.DE is Nasdaq-100. SPY5.L tracks S&P 500, while NQSE.DE tracks NASDAQ-100 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.09% for SPY5.L and 0.33% for NQSE.DE.
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