DEAM.DE vs. EQQX.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, DEAM.DE returned -0.95%/yr vs 19.11%/yr for EQQX.DE. A 0.55 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.20%/yr for EQQX.DE.
Performance
DEAM.DE vs. EQQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 6.73% return, which is significantly lower than EQQX.DE's 21.61% return.
DEAM.DE
- 1D
- 0.22%
- 1M
- 5.09%
- YTD
- 6.73%
- 6M
- 10.46%
- 1Y
- 5.21%
- 3Y*
- 6.11%
- 5Y*
- -0.95%
- 10Y*
- —
EQQX.DE
- 1D
- 0.11%
- 1M
- 10.15%
- YTD
- 21.61%
- 6M
- 20.44%
- 1Y
- 39.08%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
DEAM.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 6.73% | 19.33% | -6.03% | 7.33% | -28.80% | 7.18% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 26.11% |
Correlation
The correlation between DEAM.DE and EQQX.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.55 |
The correlation between DEAM.DE and EQQX.DE has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
DEAM.DE vs. EQQX.DE — Risk / Return Rank
DEAM.DE
EQQX.DE
DEAM.DE vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.DE) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.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.
| DEAM.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.44 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.91 | -3.55 |
| Martin ratioReturn relative to average drawdown | 0.98 | 11.64 | -10.66 |
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
| DEAM.DE | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.49 | -2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.95 | -1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.90 | -0.71 |
Drawdowns
DEAM.DE vs. EQQX.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, which is greater than EQQX.DE's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and EQQX.DE.
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Drawdown Indicators
| DEAM.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -31.17% | -8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -9.97% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -26.80% | +8.32% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -31.17% | -8.87% |
Current DrawdownCurrent decline from peak | -11.42% | 0.00% | -11.42% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -7.99% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 3.36% | +1.90% |
Volatility
DEAM.DE vs. EQQX.DE - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 5.08% compared to Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) at 4.15%. This indicates that DEAM.DE's price experiences larger fluctuations and is considered to be riskier than EQQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEAM.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.15% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 10.89% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 15.75% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 19.86% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 19.79% | -0.18% |
DEAM.DE vs. EQQX.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is lower than EQQX.DE's 0.20% 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
DEAM.DE vs. EQQX.DE - Dividend Comparison
Neither DEAM.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and EQQX.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for EQQX.DE.
DEAM.DE is categorized as Europe Equities, while EQQX.DE is Nasdaq-100. DEAM.DE tracks MDAX®, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.19% for DEAM.DE and 0.20% for EQQX.DE.
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