UEEF.DE vs. NQSE.DE
UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - UEEF.DE is a High Yield Bonds fund tracking the Bloomberg MSCI US Corporate High Yield ESG SRI Bond 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, UEEF.DE returned 1.44%/yr vs 12.85%/yr for NQSE.DE. A 0.56 correlation means they provide meaningful diversification when combined. UEEF.DE charges 0.27%/yr vs 0.33%/yr for NQSE.DE.
Performance
UEEF.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEF.DE achieves a 0.70% return, which is significantly lower than NQSE.DE's 14.72% return.
UEEF.DE
- 1D
- -0.17%
- 1M
- 0.52%
- 6M
- 0.87%
- YTD
- 0.70%
- 1Y
- 3.21%
- 3Y*
- 6.52%
- 5Y*
- 1.44%
- 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*
- —
UEEF.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 3.04% | 5.20% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 14.72% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 13.87% |
Correlation
The correlation between UEEF.DE and NQSE.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.56 |
The correlation between UEEF.DE and NQSE.DE has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
UEEF.DE vs. NQSE.DE — Risk / Return Rank
UEEF.DE
NQSE.DE
UEEF.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.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.
| UEEF.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.24 | -1.09 |
| Martin ratioReturn relative to average drawdown | 4.84 | 7.50 | -2.66 |
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Drawdowns
UEEF.DE vs. NQSE.DE - Drawdown Comparison
The maximum UEEF.DE drawdown since its inception was -17.83%, smaller than the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for UEEF.DE and NQSE.DE.
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Drawdown Indicators
| UEEF.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.83% | -37.62% | +19.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -11.88% | +9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -5.10% | -22.41% | +17.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.83% | -37.62% | +19.79% |
Current DrawdownCurrent decline from peak | -0.17% | -3.42% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -8.51% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 3.55% | -2.90% |
Volatility
UEEF.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) is 1.20%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 7.00%. This indicates that UEEF.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
| UEEF.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 7.00% | -5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 13.51% | -9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 17.21% | -12.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.11% | 21.11% | -14.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 21.59% | -14.81% |
UEEF.DE vs. NQSE.DE - Expense Ratio Comparison
UEEF.DE has a 0.27% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
UEEF.DE vs. NQSE.DE - Dividend Comparison
Neither UEEF.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
UEEF.DE and NQSE.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEF.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEF.DE is cheaper with a 0.27% expense ratio, compared with 0.33% for NQSE.DE.
UEEF.DE is categorized as High Yield Bonds, while NQSE.DE is Nasdaq-100. UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged), while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.27% for UEEF.DE and 0.33% for NQSE.DE.
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