CE01.L vs. QQQM
CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - CE01.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, CE01.L returned -1.92%/yr vs 17.07%/yr for QQQM. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
CE01.L vs. QQQM - Performance Comparison
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Different Trading Currencies
CE01.L is traded in GBp, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CE01.L achieves a 0.21% return, which is significantly lower than QQQM's 17.74% return.
CE01.L
- 1D
- 0.22%
- 1M
- 0.68%
- YTD
- 0.21%
- 6M
- 0.50%
- 1Y
- 3.01%
- 3Y*
- 3.13%
- 5Y*
- -1.92%
- 10Y*
- 0.22%
QQQM
- 1D
- -1.34%
- 1M
- -1.34%
- YTD
- 17.74%
- 6M
- 16.14%
- 1Y
- 35.30%
- 3Y*
- 24.13%
- 5Y*
- 17.07%
- 10Y*
- —
CE01.L vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.21% | 6.87% | -3.53% | 6.60% | -15.38% | -9.55% | 0.01% |
QQQM Invesco NASDAQ 100 ETF | 17.74% | 12.24% | 27.88% | 47.26% | -24.49% | 28.66% | 0.98% |
Correlation
The correlation between CE01.L and QQQM is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.11 |
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Return for Risk
CE01.L vs. QQQM — Risk / Return Rank
CE01.L
QQQM
CE01.L vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) and Invesco NASDAQ 100 ETF (QQQM). 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.
| CE01.L | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.98 | -2.42 |
| Martin ratioReturn relative to average drawdown | 1.24 | 8.82 | -7.58 |
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Drawdowns
CE01.L vs. QQQM - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, roughly equal to the maximum QQQM drawdown of -27.83%. Use the drawdown chart below to compare losses from any high point for CE01.L and QQQM.
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Drawdown Indicators
| CE01.L | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -27.83% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -11.88% | +6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -24.83% | +17.98% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -27.83% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -27.47% | — | — |
Current DrawdownCurrent decline from peak | -17.60% | -4.26% | -13.34% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -6.79% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 4.01% | -1.60% |
Volatility
CE01.L vs. QQQM - Volatility Comparison
The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) is 1.58%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 8.50%. This indicates that CE01.L experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE01.L | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 8.50% | -6.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 13.27% | -8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 17.11% | -11.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.22% | 21.26% | -13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.28% | 21.15% | -10.87% |
CE01.L vs. QQQM - Expense Ratio Comparison
Both CE01.L and QQQM have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CE01.L vs. QQQM - Dividend Comparison
CE01.L has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
CE01.L and QQQM have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CE01.L and QQQM have the same expense ratio: 0.15% per year.
CE01.L is categorized as European Government Bonds, while QQQM is Nasdaq-100. CE01.L tracks Bloomberg Euro Agg Govt TR EUR, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco.
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