EQEU.DE vs. USPY.DE
EQEU.DE (Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged) and USPY.DE (L&G Cyber Security UCITS ETF) are both exchange-traded funds - EQEU.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index, while USPY.DE is a Technology Equities fund tracking the ISE Cyber Security UCITS. Both are passively managed. Over the past 5 years, EQEU.DE returned 11.77%/yr vs 12.77%/yr for USPY.DE. A 0.67 correlation means they provide meaningful diversification when combined. EQEU.DE charges 0.35%/yr vs 0.69%/yr for USPY.DE.
Performance
EQEU.DE vs. USPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EQEU.DE achieves a 10.29% return, which is significantly lower than USPY.DE's 46.57% return.
EQEU.DE
- 1D
- -2.27%
- 1M
- -5.16%
- 6M
- 10.35%
- YTD
- 10.29%
- 1Y
- 20.89%
- 3Y*
- 20.16%
- 5Y*
- 11.77%
- 10Y*
- —
USPY.DE
- 1D
- -0.92%
- 1M
- 12.06%
- 6M
- 48.53%
- YTD
- 46.57%
- 1Y
- 42.22%
- 3Y*
- 27.32%
- 5Y*
- 12.77%
- 10Y*
- 16.55%
EQEU.DE vs. USPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQEU.DE Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged | 10.29% | 18.24% | 24.15% | 51.95% | -36.56% | 27.85% | 45.20% | 34.82% | -4.34% | 5.16% |
USPY.DE L&G Cyber Security UCITS ETF | 46.57% | -3.39% | 24.34% | 37.45% | -28.70% | 17.00% | 28.61% | 34.41% | 12.65% | 4.11% |
Correlation
The correlation between EQEU.DE and USPY.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.67 |
The correlation between EQEU.DE and USPY.DE shifts across timeframes, from 0.47 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EQEU.DE vs. USPY.DE — Risk / Return Rank
EQEU.DE
USPY.DE
EQEU.DE vs. USPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.DE) and L&G Cyber Security UCITS ETF (USPY.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.
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.
| EQEU.DE | USPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.14 | -0.41 |
| Martin ratioReturn relative to average drawdown | 5.66 | 5.68 | -0.02 |
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Drawdowns
EQEU.DE vs. USPY.DE - Drawdown Comparison
The maximum EQEU.DE drawdown since its inception was -37.97%, roughly equal to the maximum USPY.DE drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for EQEU.DE and USPY.DE.
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Drawdown Indicators
| EQEU.DE | USPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.97% | -36.25% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.02% | -19.61% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -22.08% | -30.52% | +8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -37.97% | -33.89% | -4.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.89% | — |
Current DrawdownCurrent decline from peak | -6.95% | -4.57% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -10.87% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 7.41% | -3.73% |
Volatility
EQEU.DE vs. USPY.DE - Volatility Comparison
The current volatility for Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.DE) is 6.21%, while L&G Cyber Security UCITS ETF (USPY.DE) has a volatility of 10.53%. This indicates that EQEU.DE experiences smaller price fluctuations and is considered to be less risky than USPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQEU.DE | USPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 10.53% | -4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 25.25% | -11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 28.55% | -10.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.05% | 25.15% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 23.75% | -2.77% |
EQEU.DE vs. USPY.DE - Expense Ratio Comparison
EQEU.DE has a 0.35% expense ratio, which is lower than USPY.DE's 0.69% expense ratio.
Dividends
EQEU.DE vs. USPY.DE - Dividend Comparison
Neither EQEU.DE nor USPY.DE has paid dividends to shareholders.
Frequently Asked Questions
EQEU.DE and USPY.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQEU.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQEU.DE is cheaper with a 0.35% expense ratio, compared with 0.69% for USPY.DE.
EQEU.DE is categorized as Nasdaq-100, while USPY.DE is Technology Equities. EQEU.DE tracks NASDAQ-100 Notional Net Total Return Index, while USPY.DE tracks ISE Cyber Security UCITS. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.35% for EQEU.DE and 0.69% for USPY.DE.
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