CEMU.AS vs. QQQM
CEMU.AS (iShares Core MSCI EMU UCITS ETF EUR (Acc)) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - CEMU.AS is a Europe Equities fund tracking the MSCI EMU NR EUR, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, CEMU.AS returned 10.48%/yr vs 19.18%/yr for QQQM. At a 0.36 correlation, their price movements are largely independent. CEMU.AS charges 0.12%/yr vs 0.15%/yr for QQQM.
Performance
CEMU.AS vs. QQQM - Performance Comparison
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Different Trading Currencies
CEMU.AS is traded in EUR, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEMU.AS achieves a 8.03% return, which is significantly lower than QQQM's 22.88% return.
CEMU.AS
- 1D
- -0.71%
- 1M
- 5.96%
- YTD
- 8.03%
- 6M
- 10.68%
- 1Y
- 17.68%
- 3Y*
- 15.62%
- 5Y*
- 10.48%
- 10Y*
- 10.00%
QQQM
- 1D
- 0.00%
- 1M
- 11.49%
- YTD
- 22.88%
- 6M
- 20.44%
- 1Y
- 39.19%
- 3Y*
- 25.48%
- 5Y*
- 19.18%
- 10Y*
- —
CEMU.AS vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 8.03% | 24.42% | 10.08% | 18.65% | -11.71% | 23.11% | 9.16% |
QQQM Invesco NASDAQ 100 ETF | 22.85% | 6.51% | 33.98% | 50.36% | -28.34% | 36.98% | 2.53% |
Correlation
The correlation between CEMU.AS and QQQM is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020 | 0.36 |
The correlation between CEMU.AS and QQQM shifts across timeframes, from 0.33 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEMU.AS vs. QQQM — Risk / Return Rank
CEMU.AS
QQQM
CEMU.AS vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) 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.
| CEMU.AS | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.58 | -1.87 |
| Martin ratioReturn relative to average drawdown | 6.26 | 11.22 | -4.96 |
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
| CEMU.AS | QQQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.44 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.88 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.87 | -0.38 |
Drawdowns
CEMU.AS vs. QQQM - Drawdown Comparison
The maximum CEMU.AS drawdown since its inception was -38.38%, which is greater than QQQM's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CEMU.AS and QQQM.
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Drawdown Indicators
| CEMU.AS | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -30.95% | -7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -10.99% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -27.16% | +11.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -30.95% | +6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -38.38% | — | — |
Current DrawdownCurrent decline from peak | -1.15% | 0.00% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -7.34% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.50% | -0.70% |
Volatility
CEMU.AS vs. QQQM - Volatility Comparison
iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) has a higher volatility of 5.30% compared to Invesco NASDAQ 100 ETF (QQQM) at 3.68%. This indicates that CEMU.AS's price experiences larger fluctuations and is considered to be riskier 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
| CEMU.AS | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 3.68% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 11.45% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.48% | 16.16% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 21.90% | -5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 21.72% | -4.63% |
CEMU.AS vs. QQQM - Expense Ratio Comparison
CEMU.AS has a 0.12% expense ratio, which is lower than QQQM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CEMU.AS vs. QQQM - Dividend Comparison
CEMU.AS has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.41% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
CEMU.AS and QQQM have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMU.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMU.AS is cheaper with a 0.12% expense ratio, compared with 0.15% for QQQM.
CEMU.AS is categorized as Europe Equities, while QQQM is Nasdaq-100. CEMU.AS tracks MSCI EMU NR EUR, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for CEMU.AS and 0.15% for QQQM.
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