EQQQ.L vs. SPYQ.DE
EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) and SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) are both exchange-traded funds - EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SPYQ.DE is a Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped. Both are passively managed. Over the past 10 years, EQQQ.L returned 22.24%/yr vs 14.07%/yr for SPYQ.DE. A 0.56 correlation means they provide meaningful diversification when combined. EQQQ.L charges 0.30%/yr vs 0.18%/yr for SPYQ.DE.
Performance
EQQQ.L vs. SPYQ.DE - Performance Comparison
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Different Trading Currencies
EQQQ.L is traded in GBp, while SPYQ.DE is traded in EUR. To make them comparable, the SPYQ.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EQQQ.L achieves a 17.18% return, which is significantly higher than SPYQ.DE's 6.75% return. Over the past 10 years, EQQQ.L has outperformed SPYQ.DE with an annualized return of 22.24%, while SPYQ.DE has yielded a comparatively lower 14.07% annualized return.
EQQQ.L
- 1D
- 2.53%
- 1M
- 0.63%
- YTD
- 17.18%
- 6M
- 17.41%
- 1Y
- 38.39%
- 3Y*
- 23.63%
- 5Y*
- 17.89%
- 10Y*
- 22.24%
SPYQ.DE
- 1D
- 1.97%
- 1M
- -0.80%
- YTD
- 6.75%
- 6M
- 7.38%
- 1Y
- 18.21%
- 3Y*
- 18.68%
- 5Y*
- 12.70%
- 10Y*
- 14.07%
EQQQ.L vs. SPYQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 17.18% | 11.54% | 28.55% | 47.79% | -25.54% | 29.59% | 43.32% | 33.69% | 4.64% | 20.12% |
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 6.75% | 32.05% | 9.38% | 24.15% | -11.97% | 19.02% | 9.89% | 30.40% | -12.91% | 20.45% |
Correlation
The correlation between EQQQ.L and SPYQ.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.56 |
The correlation between EQQQ.L and SPYQ.DE has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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Return for Risk
EQQQ.L vs. SPYQ.DE — Risk / Return Rank
EQQQ.L
SPYQ.DE
EQQQ.L vs. SPYQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and SPDR MSCI Europe Industrials UCITS ETF (SPYQ.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.
| EQQQ.L | SPYQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.17 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 1.25 | +2.16 |
| Martin ratioReturn relative to average drawdown | 9.90 | 4.38 | +5.52 |
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Drawdowns
EQQQ.L vs. SPYQ.DE - Drawdown Comparison
The maximum EQQQ.L drawdown since its inception was -65.36%, which is greater than SPYQ.DE's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and SPYQ.DE.
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Drawdown Indicators
| EQQQ.L | SPYQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.36% | -34.89% | -30.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -13.99% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -24.09% | -16.84% | -7.25% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -25.12% | -2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -27.76% | -34.89% | +7.13% |
Current DrawdownCurrent decline from peak | -2.85% | -4.61% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -6.43% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 4.00% | -0.21% |
Volatility
EQQQ.L vs. SPYQ.DE - Volatility Comparison
Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) have volatilities of 5.78% and 6.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQQQ.L | SPYQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 6.05% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 16.46% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 19.43% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 18.72% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 19.10% | +0.29% |
EQQQ.L vs. SPYQ.DE - Expense Ratio Comparison
EQQQ.L has a 0.30% expense ratio, which is higher than SPYQ.DE's 0.18% expense ratio.
Dividends
EQQQ.L vs. SPYQ.DE - Dividend Comparison
EQQQ.L's dividend yield for the trailing twelve months is around 0.23%, while SPYQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.38% | 0.39% | 0.56% | 0.25% | 0.41% | 0.56% | 0.63% | 0.67% | 0.77% | 0.72% |
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EQQQ.L and SPYQ.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYQ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for EQQQ.L.
EQQQ.L is categorized as Nasdaq-100, while SPYQ.DE is Industrials Equities. EQQQ.L tracks NASDAQ-100 Index, while SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.30% for EQQQ.L and 0.18% for SPYQ.DE.
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