PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EPU vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPU vs. QQQ

Last updated Jun 16, 2026

EPU (iShares MSCI Peru ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, EPU returned 15.10%/yr vs 22.31%/yr for QQQ. At a 0.43 correlation, their price movements are largely independent. EPU charges 0.59%/yr vs 0.18%/yr for QQQ.

Performance

EPU vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Peru ETF (EPU) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EPU achieves a 22.98% return, which is significantly higher than QQQ's 21.26% return. Over the past 10 years, EPU has underperformed QQQ with an annualized return of 15.10%, while QQQ has yielded a comparatively higher 22.31% annualized return.

EPU

1D
1.62%
1M
11.20%
YTD
22.98%
6M
29.01%
1Y
88.50%
3Y*
46.17%
5Y*
30.02%
10Y*
15.10%

QQQ

1D
3.14%
1M
4.95%
YTD
21.26%
6M
22.17%
1Y
41.87%
3Y*
27.20%
5Y*
17.59%
10Y*
22.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPU vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPU
iShares MSCI Peru ETF		22.98%86.87%21.73%25.34%2.05%-11.81%-4.31%7.30%-12.17%29.70%
QQQ
Invesco QQQ ETF		21.26%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between EPU and QQQ 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

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2009

0.43

The correlation between EPU and QQQ shifts across timeframes, from 0.41 (10 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.

EPU vs. QQQ - Sectors Allocation Comparison

Sectors
EPU
QQQ

Basic Materials

54.2%
1.0%

Financial Services

27.9%
0.2%

Consumer Cyclical

4.1%
11.4%

Consumer Defensive

3.0%
6.4%

Real Estate

3.0%
0.1%

Utilities

2.8%
1.2%

Industrials

2.6%
2.6%

Communication Services

1.5%
14.3%

Healthcare

0.9%
3.7%

Energy

-

0.5%

Technology

-

58.7%

Basic Materials

EPU
54.2%
QQQ
1.0%

Financial Services

EPU
27.9%
QQQ
0.2%

Consumer Cyclical

EPU
4.1%
QQQ
11.4%

Consumer Defensive

EPU
3.0%
QQQ
6.4%

Real Estate

EPU
3.0%
QQQ
0.1%

Utilities

EPU
2.8%
QQQ
1.2%

Industrials

EPU
2.6%
QQQ
2.6%

Communication Services

EPU
1.5%
QQQ
14.3%

Healthcare

EPU
0.9%
QQQ
3.7%

Energy

EPU

-

QQQ
0.5%

Technology

EPU

-

QQQ
58.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Peru ETF

Invesco QQQ ETF

Often compared with EPU:
EPU vs. ECHEPU vs. ILFEPU vs. ARGTEPU vs. EISEPU vs. EVXEPU vs. EWSEPU vs. EPI
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

EPU vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPU
EPU Risk / Return Rank: 8282
Overall Rank
EPU Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EPU Sortino Ratio Rank: 8181
Sortino Ratio Rank
EPU Omega Ratio Rank: 8383
Omega Ratio Rank
EPU Calmar Ratio Rank: 8585
Calmar Ratio Rank
EPU Martin Ratio Rank: 7171
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7979
Overall Rank
QQQ Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7979
Sortino Ratio Rank
QQQ Omega Ratio Rank: 8181
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7676
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7676
Martin Ratio Rank
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.

EPU vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Peru ETF (EPU) and Invesco QQQ ETF (QQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

EPUQQQDifference
Sharpe ratioReturn per unit of total volatility
2.87
2.42

+0.45

Sortino ratioReturn per unit of downside risk
3.25
3.12

+0.13

Omega ratioGain probability vs. loss probability

1.45

1.42

+0.02

Calmar ratioReturn relative to maximum drawdown

4.27

3.52

+0.75

Martin ratioReturn relative to average drawdown

12.29

13.12

-0.83

EPU vs. QQQ - Sharpe Ratio Comparison

The current EPU Sharpe Ratio is 2.87, which is comparable to the QQQ Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of EPU and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EPU vs. QQQ - Drawdown Comparison

The maximum EPU drawdown since its inception was -60.62%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for EPU and QQQ.

Loading charts...

Drawdown Indicators

EPUQQQDifference

Max Drawdown

Largest peak-to-trough decline

-60.62%

-82.97%

+22.35%

Max Drawdown (1Y)

Largest decline over 1 year

-20.85%

-11.96%

-8.89%

Max Drawdown (3Y)

Largest decline over 3 years

-20.85%

-22.77%

+1.92%

Max Drawdown (5Y)

Largest decline over 5 years

-35.59%

-35.12%

-0.47%

Max Drawdown (10Y)

Largest decline over 10 years

-50.97%

-35.12%

-15.85%

Current Drawdown

Current decline from peak

-5.18%

-0.29%

-4.89%

Average Drawdown

Average peak-to-trough decline

-18.81%

-32.75%

+13.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.22%

3.20%

+4.02%

Volatility

EPU vs. QQQ - Volatility Comparison

iShares MSCI Peru ETF (EPU) has a higher volatility of 13.56% compared to Invesco QQQ ETF (QQQ) at 8.14%. This indicates that EPU's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EPUQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.56%

8.14%

+5.42%

Volatility (6M)

Calculated over the trailing 6-month period

26.92%

14.12%

+12.80%

Volatility (1Y)

Calculated over the trailing 1-year period

31.12%

17.43%

+13.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.09%

22.59%

+2.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.64%

22.41%

+1.23%

EPU vs. QQQ - Expense Ratio Comparison

EPU has a 0.59% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

EPU vs. QQQ - Dividend Comparison

EPU's dividend yield for the trailing twelve months is around 2.97%, more than QQQ's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
EPU
iShares MSCI Peru ETF		2.97%1.63%5.78%4.17%5.56%3.13%1.91%2.67%1.53%3.30%0.85%1.90%
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

EPU and QQQ 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.

EPU has higher volatility (13.56%) compared to QQQ (8.14%). In terms of maximum drawdown, EPU dropped -60.62% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 22.31% vs 15.10% for EPU. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 8.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 22.31% return vs 15.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.59% for EPU.

EPU has the higher dividend yield at 2.97%, compared with 0.38% for QQQ.

EPU is categorized as Mid Cap Blend Equities, while QQQ is Nasdaq-100. EPU tracks MSCI All Peru Capped Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.59% for EPU and 0.18% for QQQ.

EPU currently has the higher Sharpe Ratio (2.87 vs 2.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for EPU and QQQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer