UDHY.DE vs. NQSE.DE
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - UDHY.DE is a High Yield Bonds fund tracking the ICE BofAML US High Yield Constrained, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, UDHY.DE returned 3.98%/yr vs 25.27%/yr for NQSE.DE. At a 0.15 correlation, their price movements are largely independent. UDHY.DE charges 0.20%/yr vs 0.33%/yr for NQSE.DE.
Performance
UDHY.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UDHY.DE achieves a -1.14% return, which is significantly lower than NQSE.DE's 17.82% return.
UDHY.DE
- 1D
- 0.01%
- 1M
- 1.21%
- YTD
- -1.14%
- 6M
- -1.88%
- 1Y
- 0.71%
- 3Y*
- 3.98%
- 5Y*
- —
- 10Y*
- —
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
UDHY.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -1.14% | -3.92% | 13.24% | 8.32% | -4.04% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -26.75% |
Correlation
The correlation between UDHY.DE and NQSE.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.15 |
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Return for Risk
UDHY.DE vs. NQSE.DE — Risk / Return Rank
UDHY.DE
NQSE.DE
UDHY.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.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.
| UDHY.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.39 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 3.08 | -3.00 |
| Martin ratioReturn relative to average drawdown | 0.19 | 10.77 | -10.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UDHY.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 2.28 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.82 | -0.48 |
Drawdowns
UDHY.DE vs. NQSE.DE - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -12.23%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and NQSE.DE.
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Drawdown Indicators
| UDHY.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -37.67% | +25.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -11.87% | +5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -12.23% | -22.40% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.67% | — |
Current DrawdownCurrent decline from peak | -7.76% | -0.84% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -8.56% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.40% | -0.73% |
Volatility
UDHY.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) is 0.99%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that UDHY.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
| UDHY.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 4.75% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 11.99% | -7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 16.05% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 20.91% | -12.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 21.54% | -13.50% |
UDHY.DE vs. NQSE.DE - Expense Ratio Comparison
UDHY.DE has a 0.20% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
UDHY.DE vs. NQSE.DE - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 4.67%, while NQSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.67% | 7.37% | 6.63% | 5.74% | 1.63% |
Frequently Asked Questions
UDHY.DE and NQSE.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UDHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UDHY.DE is cheaper with a 0.20% expense ratio, compared with 0.33% for NQSE.DE.
UDHY.DE is categorized as High Yield Bonds, while NQSE.DE is Nasdaq-100. UDHY.DE tracks ICE BofAML US High Yield Constrained, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.20% for UDHY.DE and 0.33% for NQSE.DE.
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