EMQP.L vs. PNQI

Last updated Apr 2, 2026

Compare and contrast key facts about EMQQ Emerging Markets Internet & Ecommerce UCITS ETF - Accumulating (EMQP.L) and Invesco NASDAQ Internet ETF (PNQI).

EMQP.L and PNQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMQP.L is a passively managed fund by HANetf that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Nov 5, 2021. PNQI is a passively managed fund by Invesco that tracks the performance of the NASDAQ Internet Index. It was launched on Jun 12, 2008. Both EMQP.L and PNQI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EMQP.L vs. PNQI - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in EMQQ Emerging Markets Internet & Ecommerce UCITS ETF - Accumulating (EMQP.L) and Invesco NASDAQ Internet ETF (PNQI). The values are adjusted to include any dividend payments, if applicable.

EMQP.L vs. PNQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMQP.L EMQQ Emerging Markets Internet & Ecommerce UCITS ETF - Accumulating	-17.67%	10.86%	14.87%	-1.35%	-23.12%	-32.47%	76.70%	26.84%	-6.17%
PNQI Invesco NASDAQ Internet ETF	-15.64%	7.33%	31.70%	52.65%	-41.72%	-4.67%	56.62%	23.86%	-9.98%

Different Trading Currencies

EMQP.L is traded in GBp, while PNQI is traded in USD. To make them comparable, the PNQI values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMQP.L achieves a -17.67% return, which is significantly lower than PNQI's -15.64% return.

EMQP.L

• 1D: 1.54%
• 1M: -6.44%
• YTD: -17.67%
• 6M: -26.32%
• 1Y: -15.36%
• 3Y*: -0.59%
• 5Y*: -11.88%
• 10Y*: —

PNQI

• 1D: -0.14%
• 1M: -4.07%
• YTD: -15.64%
• 6M: -17.88%
• 1Y: -1.72%
• 3Y*: 13.93%
• 5Y*: -0.17%
• 10Y*: 12.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMQP.L vs. PNQI - Expense Ratio Comparison

EMQP.L has a 0.86% expense ratio, which is higher than PNQI's 0.62% expense ratio.

EMQP.L

EMQQ Emerging Markets Internet & Ecommerce UCITS ETF - Accumulating

PNQI

Invesco NASDAQ Internet ETF

Return for Risk

EMQP.L vs. PNQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMQP.L

EMQP.L Risk / Return Rank: 2
EMQP.L Sharpe Ratio Rank: 2
EMQP.L Sortino Ratio Rank: 2
EMQP.L Omega Ratio Rank: 2
EMQP.L Calmar Ratio Rank: 4
EMQP.L Martin Ratio Rank: 2

PNQI

PNQI Risk / Return Rank: 13
PNQI Sharpe Ratio Rank: 12
PNQI Sortino Ratio Rank: 13
PNQI Omega Ratio Rank: 13
PNQI Calmar Ratio Rank: 13
PNQI Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMQP.L vs. PNQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EMQQ Emerging Markets Internet & Ecommerce UCITS ETF - Accumulating (EMQP.L) and Invesco NASDAQ Internet ETF (PNQI). 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.

	EMQP.L	PNQI	Difference
Sharpe ratio Return per unit of total volatility	-0.74	-0.07	-0.67
Sortino ratio Return per unit of downside risk	-0.95	0.06	-1.02
Omega ratio Gain probability vs. loss probability	0.89	1.01	-0.12
Calmar ratio Return relative to maximum drawdown	-0.50	-0.04	-0.46
Martin ratio Return relative to average drawdown	-1.34	-0.12	-1.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMQP.L vs. PNQI - Sharpe Ratio Comparison

The current EMQP.L Sharpe Ratio is -0.74, which is lower than the PNQI Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of EMQP.L and PNQI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMQP.L	PNQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	-0.07	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	-0.01	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.61	-0.56

Correlation

The correlation between EMQP.L and PNQI is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EMQP.L vs. PNQI - Dividend Comparison

EMQP.L has not paid dividends to shareholders, while PNQI's dividend yield for the trailing twelve months is around 0.02%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMQP.L EMQQ Emerging Markets Internet & Ecommerce UCITS ETF - Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PNQI Invesco NASDAQ Internet ETF	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%

Drawdowns

EMQP.L vs. PNQI - Drawdown Comparison

The maximum EMQP.L drawdown since its inception was -67.77%, which is greater than PNQI's maximum drawdown of -52.36%. Use the drawdown chart below to compare losses from any high point for EMQP.L and PNQI.

Drawdown Indicators

	EMQP.L	PNQI	Difference
Max Drawdown Largest peak-to-trough decline	-67.77%	-59.70%	-8.07%
Max Drawdown (1Y) Largest decline over 1 year	-28.88%	-24.85%	-4.03%
Max Drawdown (5Y) Largest decline over 5 years	-60.96%	-59.56%	-1.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.70%	—
Current Drawdown Current decline from peak	-56.50%	-21.57%	-34.93%
Average Drawdown Average peak-to-trough decline	-37.88%	-12.93%	-24.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.81%	8.43%	+2.38%

Volatility

EMQP.L vs. PNQI - Volatility Comparison

EMQQ Emerging Markets Internet & Ecommerce UCITS ETF - Accumulating (EMQP.L) has a higher volatility of 7.16% compared to Invesco NASDAQ Internet ETF (PNQI) at 6.65%. This indicates that EMQP.L's price experiences larger fluctuations and is considered to be riskier than PNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMQP.L	PNQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	6.65%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	14.11%	13.98%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	20.58%	23.83%	-3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.46%	25.49%	+5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.29%	24.93%	+7.36%