SPYI.DE vs. NQSE.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI), while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, SPYI.DE returned 11.62%/yr vs 14.04%/yr for NQSE.DE. Their correlation of 0.81 suggests significant overlap in exposure. SPYI.DE charges 0.17%/yr vs 0.33%/yr for NQSE.DE.
Performance
SPYI.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYI.DE achieves a 12.53% return, which is significantly lower than NQSE.DE's 15.12% return.
SPYI.DE
- 1D
- 1.91%
- 1M
- 2.37%
- YTD
- 12.53%
- 6M
- 14.24%
- 1Y
- 27.76%
- 3Y*
- 16.73%
- 5Y*
- 11.62%
- 10Y*
- 12.27%
NQSE.DE
- 1D
- 3.16%
- 1M
- 1.35%
- YTD
- 15.12%
- 6M
- 16.84%
- 1Y
- 33.33%
- 3Y*
- 23.70%
- 5Y*
- 14.04%
- 10Y*
- —
SPYI.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 12.53% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 5.37% | 29.81% | -11.30% |
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% |
Correlation
The correlation between SPYI.DE and NQSE.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
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 | 0.81 |
The correlation between SPYI.DE and NQSE.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
SPYI.DE vs. NQSE.DE — Risk / Return Rank
SPYI.DE
NQSE.DE
SPYI.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| SPYI.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 2.73 | +1.46 |
| Martin ratioReturn relative to average drawdown | 16.67 | 9.34 | +7.34 |
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Drawdowns
SPYI.DE vs. NQSE.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -41.58%, which is greater than NQSE.DE's maximum drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and NQSE.DE.
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Drawdown Indicators
| SPYI.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -37.62% | -3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -11.88% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -22.41% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -37.62% | +15.98% |
Max Drawdown (10Y)Largest decline over 10 years | -34.49% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -3.08% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -8.55% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 3.49% | -1.86% |
Volatility
SPYI.DE vs. NQSE.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) is 3.48%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 6.10%. This indicates that SPYI.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
| SPYI.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 6.10% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 12.93% | -4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 16.74% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 21.02% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 21.60% | -5.64% |
SPYI.DE vs. NQSE.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
SPYI.DE vs. NQSE.DE - Dividend Comparison
Neither SPYI.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and NQSE.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.33% for NQSE.DE.
SPYI.DE is categorized as Global Equities, while NQSE.DE is Nasdaq-100. SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while NQSE.DE tracks NASDAQ-100 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.17% for SPYI.DE and 0.33% for NQSE.DE.
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