EQQQ.DE vs. CNDX.L
Compare and contrast key facts about Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) and iShares NASDAQ 100 UCITS ETF (CNDX.L).
EQQQ.DE and CNDX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CNDX.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010. Both EQQQ.DE and CNDX.L 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: EQQQ.DE or CNDX.L.
Performance
EQQQ.DE vs. CNDX.L - Performance Comparison
Returns By Period
In the year-to-date period, EQQQ.DE achieves a 27.33% return, which is significantly higher than CNDX.L's 21.52% return. Over the past 10 years, EQQQ.DE has outperformed CNDX.L with an annualized return of 19.61%, while CNDX.L has yielded a comparatively lower 17.74% annualized return.
EQQQ.DE
27.33%
3.62%
13.87%
34.11%
21.13%
19.61%
CNDX.L
21.52%
0.68%
10.53%
30.09%
20.19%
17.74%
Key characteristics
| EQQQ.DE | CNDX.L | |
|---|---|---|
| Sharpe Ratio | 2.03 | 1.75 |
| Sortino Ratio | 2.70 | 2.39 |
| Omega Ratio | 1.38 | 1.32 |
| Calmar Ratio | 2.53 | 2.34 |
| Martin Ratio | 8.37 | 8.20 |
| Ulcer Index | 4.06% | 3.51% |
| Daily Std Dev | 16.62% | 16.41% |
| Max Drawdown | -47.04% | -35.17% |
| Current Drawdown | -2.52% | -2.94% |
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EQQQ.DE vs. CNDX.L - Expense Ratio Comparison
EQQQ.DE has a 0.30% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Correlation
The correlation between EQQQ.DE and CNDX.L is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EQQQ.DE vs. CNDX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) and iShares NASDAQ 100 UCITS ETF (CNDX.L). 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
EQQQ.DE vs. CNDX.L - Dividend Comparison
EQQQ.DE's dividend yield for the trailing twelve months is around 0.39%, more than CNDX.L's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 0.39% | 0.39% | 0.57% | 0.25% | 0.41% | 0.54% | 0.64% | 0.68% | 0.78% | 0.73% | 0.97% | 0.94% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% | 0.19% | 0.16% |
Drawdowns
EQQQ.DE vs. CNDX.L - Drawdown Comparison
The maximum EQQQ.DE drawdown since its inception was -47.04%, which is greater than CNDX.L's maximum drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for EQQQ.DE and CNDX.L. For additional features, visit the drawdowns tool.
Volatility
EQQQ.DE vs. CNDX.L - Volatility Comparison
The current volatility for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) is 5.06%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.40%. This indicates that EQQQ.DE experiences smaller price fluctuations and is considered to be less risky than CNDX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.