EQAL vs. EQQQ.DE
Compare and contrast key facts about Invesco Russell 1000 Equal Weight ETF (EQAL) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE).
EQAL and EQQQ.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQAL is a passively managed fund by Invesco that tracks the performance of the Russell 1000 Equal Weight Index. It was launched on Dec 23, 2014. EQQQ.DE is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Dec 2, 2002. Both EQAL and EQQQ.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQAL or EQQQ.DE.
Key characteristics
| EQAL | EQQQ.DE | |
|---|---|---|
| YTD Return | -0.04% | 8.09% |
| 1Y Return | 9.82% | 39.12% |
| 3Y Return (Ann) | 1.10% | 12.89% |
| 5Y Return (Ann) | 8.12% | 19.34% |
| Sharpe Ratio | 0.69 | 2.57 |
| Daily Std Dev | 14.13% | 14.87% |
| Max Drawdown | -40.44% | -47.04% |
| Current Drawdown | -4.96% | -2.96% |
Correlation
The correlation between EQAL and EQQQ.DE is 0.48, 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.
Performance
EQAL vs. EQQQ.DE - Performance Comparison
In the year-to-date period, EQAL achieves a -0.04% return, which is significantly lower than EQQQ.DE's 8.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EQAL vs. EQQQ.DE - Expense Ratio Comparison
EQAL has a 0.20% expense ratio, which is lower than EQQQ.DE's 0.30% expense ratio.
Risk-Adjusted Performance
EQAL vs. EQQQ.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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.
Dividends
EQAL vs. EQQQ.DE - Dividend Comparison
EQAL's dividend yield for the trailing twelve months is around 1.86%, more than EQQQ.DE's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 1.86% | 1.88% | 1.95% | 1.32% | 1.63% | 1.61% | 1.62% | 1.18% | 1.57% | 1.64% | 0.00% | 0.00% |
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 0.44% | 0.39% | 0.57% | 0.25% | 0.41% | 0.54% | 0.64% | 0.68% | 0.78% | 0.73% | 0.97% | 0.94% |
Drawdowns
EQAL vs. EQQQ.DE - Drawdown Comparison
The maximum EQAL drawdown since its inception was -40.44%, smaller than the maximum EQQQ.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for EQAL and EQQQ.DE. For additional features, visit the drawdowns tool.
Volatility
EQAL vs. EQQQ.DE - Volatility Comparison
The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 3.95%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) has a volatility of 5.09%. This indicates that EQAL experiences smaller price fluctuations and is considered to be less risky than EQQQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.