ECMA.DE vs. EQQX.DE
ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - ECMA.DE is a European Corporate Bonds fund tracking the Invesco EUR Corporate Bond ESG Multi-Factor, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 3 years, ECMA.DE returned 4.49%/yr vs 25.43%/yr for EQQX.DE. At a 0.21 correlation, their price movements are largely independent. ECMA.DE charges 0.19%/yr vs 0.20%/yr for EQQX.DE.
Performance
ECMA.DE vs. EQQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMA.DE achieves a 0.50% return, which is significantly lower than EQQX.DE's 21.61% return.
ECMA.DE
- 1D
- 0.10%
- 1M
- 0.71%
- YTD
- 0.50%
- 6M
- 0.35%
- 1Y
- 1.66%
- 3Y*
- 4.49%
- 5Y*
- —
- 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*
- —
ECMA.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.50% | 2.90% | 4.30% | 7.06% | -1.21% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -10.48% |
Correlation
The correlation between ECMA.DE and EQQX.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.21 |
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Return for Risk
ECMA.DE vs. EQQX.DE — Risk / Return Rank
ECMA.DE
EQQX.DE
ECMA.DE vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.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.
| ECMA.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.44 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.91 | -3.30 |
| Martin ratioReturn relative to average drawdown | 2.07 | 11.64 | -9.57 |
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
| ECMA.DE | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 2.49 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.90 | -0.09 |
Drawdowns
ECMA.DE vs. EQQX.DE - Drawdown Comparison
The maximum ECMA.DE drawdown since its inception was -8.91%, smaller than the maximum EQQX.DE drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and EQQX.DE.
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Drawdown Indicators
| ECMA.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -31.17% | +22.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -9.97% | +7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -26.80% | +24.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.17% | — |
Current DrawdownCurrent decline from peak | -0.76% | 0.00% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -7.99% | +5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 3.36% | -2.56% |
Volatility
ECMA.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) is 1.28%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 4.15%. This indicates that ECMA.DE experiences smaller price fluctuations and is considered to be less risky 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
| ECMA.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 4.15% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 10.89% | -8.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 15.75% | -12.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 19.86% | -15.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 19.79% | -15.63% |
ECMA.DE vs. EQQX.DE - Expense Ratio Comparison
ECMA.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
ECMA.DE vs. EQQX.DE - Dividend Comparison
Neither ECMA.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
ECMA.DE and EQQX.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECMA.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECMA.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for EQQX.DE.
ECMA.DE is categorized as European Corporate Bonds, while EQQX.DE is Nasdaq-100. ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.19% for ECMA.DE and 0.20% for EQQX.DE.
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