EMSM.DE vs. EQQB.DE
EMSM.DE (SPDR MSCI Emerging Markets Small Cap UCITS ETF) and EQQB.DE (Invesco EQQQ Nasdaq-100 UCITS ETF Acc) are both exchange-traded funds - EMSM.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while EQQB.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 3 years, EMSM.DE returned 20.54%/yr vs 24.52%/yr for EQQB.DE. A 0.56 correlation means they provide meaningful diversification when combined. EMSM.DE charges 0.55%/yr vs 0.30%/yr for EQQB.DE.
Performance
EMSM.DE vs. EQQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMSM.DE achieves a 27.59% return, which is significantly higher than EQQB.DE's 20.54% return.
EMSM.DE
- 1D
- -1.74%
- 1M
- 6.15%
- YTD
- 27.59%
- 6M
- 29.59%
- 1Y
- 49.96%
- 3Y*
- 20.54%
- 5Y*
- 8.20%
- 10Y*
- 9.68%
EQQB.DE
- 1D
- -0.82%
- 1M
- 9.26%
- YTD
- 20.54%
- 6M
- 19.36%
- 1Y
- 37.75%
- 3Y*
- 24.52%
- 5Y*
- —
- 10Y*
- —
EMSM.DE vs. EQQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMSM.DE SPDR MSCI Emerging Markets Small Cap UCITS ETF | 27.59% | 18.76% | 13.62% | 5.12% | -14.56% |
EQQB.DE Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 20.54% | 6.93% | 33.67% | 51.27% | -17.63% |
Correlation
The correlation between EMSM.DE and EQQB.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.56 |
The correlation between EMSM.DE and EQQB.DE shifts across timeframes, from 0.56 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMSM.DE vs. EQQB.DE — Risk / Return Rank
EMSM.DE
EQQB.DE
EMSM.DE vs. EQQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.DE) and Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.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.
| EMSM.DE | EQQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.42 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 3.73 | +1.10 |
| Martin ratioReturn relative to average drawdown | 17.39 | 11.10 | +6.29 |
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
| EMSM.DE | EQQB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 2.39 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.97 | -0.55 |
Drawdowns
EMSM.DE vs. EQQB.DE - Drawdown Comparison
The maximum EMSM.DE drawdown since its inception was -36.49%, which is greater than EQQB.DE's maximum drawdown of -26.59%. Use the drawdown chart below to compare losses from any high point for EMSM.DE and EQQB.DE.
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Drawdown Indicators
| EMSM.DE | EQQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.49% | -26.59% | -9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -10.08% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -26.59% | +7.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | — | — |
Current DrawdownCurrent decline from peak | -2.68% | -0.82% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -6.77% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.39% | -0.53% |
Volatility
EMSM.DE vs. EQQB.DE - Volatility Comparison
SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.DE) has a higher volatility of 7.40% compared to Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.DE) at 4.38%. This indicates that EMSM.DE's price experiences larger fluctuations and is considered to be riskier than EQQB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMSM.DE | EQQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 4.38% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 10.99% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 15.73% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 19.97% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 19.97% | -1.64% |
EMSM.DE vs. EQQB.DE - Expense Ratio Comparison
EMSM.DE has a 0.55% expense ratio, which is higher than EQQB.DE's 0.30% expense ratio.
Dividends
EMSM.DE vs. EQQB.DE - Dividend Comparison
Neither EMSM.DE nor EQQB.DE has paid dividends to shareholders.
Frequently Asked Questions
EMSM.DE and EQQB.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQB.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQB.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for EMSM.DE.
EMSM.DE is categorized as Emerging Markets Equities, while EQQB.DE is Nasdaq-100. EMSM.DE tracks MSCI EM NR USD, while EQQB.DE tracks Nasdaq 100®. Their fees differ too: 0.55% for EMSM.DE and 0.30% for EQQB.DE.
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