DEAM.DE vs. QTOP
DEAM.DE (Invesco MDAX UCITS ETF A) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, DEAM.DE returned 5.21% vs 43.30% for QTOP. At a 0.29 correlation, their price movements are largely independent. DEAM.DE charges 0.19%/yr vs 0.20%/yr for QTOP.
Performance
DEAM.DE vs. QTOP - Performance Comparison
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Different Trading Currencies
DEAM.DE is traded in EUR, while QTOP is traded in USD. To make them comparable, the QTOP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DEAM.DE achieves a 6.73% return, which is significantly lower than QTOP's 24.18% 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*
- —
QTOP
- 1D
- 0.00%
- 1M
- 10.05%
- YTD
- 24.18%
- 6M
- 22.24%
- 1Y
- 43.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DEAM.DE vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 6.73% | 19.33% | -5.88% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 23.21% | 7.69% | 10.67% |
Correlation
The correlation between DEAM.DE and QTOP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024 | 0.29 |
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Return for Risk
DEAM.DE vs. QTOP — Risk / Return Rank
DEAM.DE
QTOP
DEAM.DE vs. QTOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.DE) and iShares Nasdaq Top 30 Stocks ETF (QTOP). 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 | QTOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.43 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.59 | -3.23 |
| Martin ratioReturn relative to average drawdown | 0.98 | 10.86 | -9.88 |
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 | QTOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.48 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.15 | -0.97 |
Drawdowns
DEAM.DE vs. QTOP - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, which is greater than QTOP's maximum drawdown of -27.66%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and QTOP.
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Drawdown Indicators
| DEAM.DE | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -27.66% | -12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -12.11% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | — | — |
Current DrawdownCurrent decline from peak | -11.42% | 0.00% | -11.42% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -5.64% | -10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 4.00% | +1.26% |
Volatility
DEAM.DE vs. QTOP - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 5.08% compared to iShares Nasdaq Top 30 Stocks ETF (QTOP) at 4.43%. This indicates that DEAM.DE's price experiences larger fluctuations and is considered to be riskier than QTOP 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 | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.43% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 12.75% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 17.58% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 24.20% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 24.20% | -4.59% |
DEAM.DE vs. QTOP - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is lower than QTOP'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. QTOP - Dividend Comparison
DEAM.DE has not paid dividends to shareholders, while QTOP's dividend yield for the trailing twelve months is around 0.32%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 0.00% | 0.00% | 0.00% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.32% | 0.38% | 0.11% |
Frequently Asked Questions
DEAM.DE and QTOP have a correlation of 0.38, 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 QTOP.
DEAM.DE is categorized as Europe Equities, while QTOP is Nasdaq-100. DEAM.DE tracks MDAX®, while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for DEAM.DE and 0.20% for QTOP.
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