UQAB.DE vs. NQSE.DE
UQAB.DE (iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - UQAB.DE is a S&P 500 fund tracking the S&P 500® Paris-Aligned Climate Sustainability Screened, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, UQAB.DE returned 17.31%/yr vs 25.27%/yr for NQSE.DE. Their correlation of 0.82 suggests significant overlap in exposure. UQAB.DE charges 0.07%/yr vs 0.33%/yr for NQSE.DE.
Performance
UQAB.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UQAB.DE achieves a 7.73% return, which is significantly lower than NQSE.DE's 17.82% return.
UQAB.DE
- 1D
- 0.35%
- 1M
- 4.70%
- YTD
- 7.73%
- 6M
- 7.28%
- 1Y
- 19.88%
- 3Y*
- 17.31%
- 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*
- —
UQAB.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 7.73% | 2.75% | 33.33% | 26.71% | -14.98% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -30.29% |
Correlation
The correlation between UQAB.DE and NQSE.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.82 |
The correlation between UQAB.DE and NQSE.DE has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
UQAB.DE vs. NQSE.DE — Risk / Return Rank
UQAB.DE
NQSE.DE
UQAB.DE vs. NQSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.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.
| UQAB.DE | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.08 | -0.98 |
| Martin ratioReturn relative to average drawdown | 7.07 | 10.77 | -3.70 |
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
| UQAB.DE | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.28 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.82 | -0.07 |
Drawdowns
UQAB.DE vs. NQSE.DE - Drawdown Comparison
The maximum UQAB.DE drawdown since its inception was -23.20%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for UQAB.DE and NQSE.DE.
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Drawdown Indicators
| UQAB.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -37.67% | +14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -11.87% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -22.40% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.67% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.84% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -8.56% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.40% | -0.58% |
Volatility
UQAB.DE vs. NQSE.DE - Volatility Comparison
The current volatility for iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) is 2.72%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that UQAB.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
| UQAB.DE | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 4.75% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 11.99% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 16.05% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 20.91% | -5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 21.54% | -5.99% |
UQAB.DE vs. NQSE.DE - Expense Ratio Comparison
UQAB.DE has a 0.07% expense ratio, which is lower than NQSE.DE's 0.33% expense ratio.
Dividends
UQAB.DE vs. NQSE.DE - Dividend Comparison
Neither UQAB.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
UQAB.DE and NQSE.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQAB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQAB.DE is cheaper with a 0.07% expense ratio, compared with 0.33% for NQSE.DE.
UQAB.DE is categorized as S&P 500, while NQSE.DE is Nasdaq-100. UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened, while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.07% for UQAB.DE and 0.33% for NQSE.DE.
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