EQQQ.DE vs. CNX1.L
EQQQ.DE (Invesco EQQQ NASDAQ-100 UCITS ETF) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from Invesco and iShares respectively. Both are passively managed. Over the past 10 years, EQQQ.DE returned 21.28%/yr vs 21.27%/yr for CNX1.L. Their correlation of 0.91 suggests significant overlap in exposure. EQQQ.DE charges 0.30%/yr vs 0.36%/yr for CNX1.L.
Performance
EQQQ.DE vs. CNX1.L - Performance Comparison
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Different Trading Currencies
EQQQ.DE is traded in EUR, while CNX1.L is traded in GBp. To make them comparable, the CNX1.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with EQQQ.DE having a 20.52% return and CNX1.L slightly higher at 20.91%. Both investments have delivered pretty close results over the past 10 years, with EQQQ.DE having a 21.28% annualized return and CNX1.L not far behind at 21.27%.
EQQQ.DE
- 1D
- -0.85%
- 1M
- 7.99%
- YTD
- 20.52%
- 6M
- 18.72%
- 1Y
- 37.03%
- 3Y*
- 24.54%
- 5Y*
- 18.69%
- 10Y*
- 21.28%
CNX1.L
- 1D
- -0.72%
- 1M
- 9.42%
- YTD
- 20.91%
- 6M
- 19.62%
- 1Y
- 37.98%
- 3Y*
- 24.50%
- 5Y*
- 18.68%
- 10Y*
- 21.27%
EQQQ.DE vs. CNX1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 20.52% | 6.94% | 33.67% | 51.32% | -30.10% | 39.43% | 34.58% | 42.87% | 3.12% | 15.81% |
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 20.93% | 5.75% | 34.71% | 50.84% | -29.37% | 37.92% | 35.46% | 42.13% | 3.33% | 15.39% |
Correlation
The correlation between EQQQ.DE and CNX1.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.91 |
The correlation between EQQQ.DE and CNX1.L has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
EQQQ.DE vs. CNX1.L — Risk / Return Rank
EQQQ.DE
CNX1.L
EQQQ.DE vs. CNX1.L - Risk-Adjusted Trends 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 USD (Acc) (CNX1.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.
| EQQQ.DE | CNX1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 3.71 | +0.02 |
| Martin ratioReturn relative to average drawdown | 11.10 | 11.09 | +0.01 |
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
| EQQQ.DE | CNX1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.46 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.94 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 1.08 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.09 | -0.29 |
Drawdowns
EQQQ.DE vs. CNX1.L - Drawdown Comparison
The maximum EQQQ.DE drawdown since its inception was -47.04%, which is greater than CNX1.L's maximum drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for EQQQ.DE and CNX1.L.
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Drawdown Indicators
| EQQQ.DE | CNX1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.04% | -31.25% | -15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -10.18% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | -26.50% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.30% | -31.25% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -31.30% | -31.25% | -0.05% |
Current DrawdownCurrent decline from peak | -0.85% | -0.72% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -5.37% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.42% | -0.03% |
Volatility
EQQQ.DE vs. CNX1.L - Volatility Comparison
Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) has a higher volatility of 4.26% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 3.85%. This indicates that EQQQ.DE's price experiences larger fluctuations and is considered to be riskier than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQQQ.DE | CNX1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 3.85% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 10.75% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 15.40% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.84% | 19.84% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 19.81% | -0.16% |
EQQQ.DE vs. CNX1.L - Expense Ratio Comparison
EQQQ.DE has a 0.30% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.
Dividends
EQQQ.DE vs. CNX1.L - Dividend Comparison
EQQQ.DE's dividend yield for the trailing twelve months is around 0.23%, while CNX1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.37% | 0.39% | 0.57% | 0.25% | 0.41% | 0.54% | 0.64% | 0.68% | 0.78% | 0.73% |
Frequently Asked Questions
With a correlation of 0.97, EQQQ.DE and CNX1.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EQQQ.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQQ.DE is cheaper with a 0.30% expense ratio, compared with 0.36% for CNX1.L.
Both ETFs track NASDAQ-100 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for EQQQ.DE and 0.36% for CNX1.L.
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