EQQQ.L vs. QQQ
Compare and contrast key facts about Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and Invesco QQQ (QQQ).
EQQQ.L and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQQQ.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Dec 2, 2002. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both EQQQ.L and QQQ 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.L or QQQ.
Performance
EQQQ.L vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with EQQQ.L having a 22.53% return and QQQ slightly lower at 21.78%. Over the past 10 years, EQQQ.L has outperformed QQQ with an annualized return of 20.24%, while QQQ has yielded a comparatively lower 17.95% annualized return.
EQQQ.L
22.53%
3.92%
11.07%
27.84%
20.75%
20.24%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| EQQQ.L | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.75 | 1.70 |
| Sortino Ratio | 2.40 | 2.29 |
| Omega Ratio | 1.32 | 1.31 |
| Calmar Ratio | 2.29 | 2.19 |
| Martin Ratio | 6.89 | 7.96 |
| Ulcer Index | 4.04% | 3.72% |
| Daily Std Dev | 15.90% | 17.39% |
| Max Drawdown | -33.75% | -82.98% |
| Current Drawdown | -2.09% | -3.42% |
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EQQQ.L vs. QQQ - Expense Ratio Comparison
EQQQ.L has a 0.30% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between EQQQ.L and QQQ is 0.56, 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.
Risk-Adjusted Performance
EQQQ.L vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and Invesco QQQ (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.
Dividends
EQQQ.L vs. QQQ - Dividend Comparison
EQQQ.L's dividend yield for the trailing twelve months is around 0.39%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.39% | 0.39% | 0.56% | 0.25% | 0.41% | 0.56% | 0.63% | 0.67% | 0.77% | 0.72% | 1.01% | 0.95% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
EQQQ.L vs. QQQ - Drawdown Comparison
The maximum EQQQ.L drawdown since its inception was -33.75%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and QQQ. For additional features, visit the drawdowns tool.
Volatility
EQQQ.L vs. QQQ - Volatility Comparison
The current volatility for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) is 4.96%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that EQQQ.L experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.