EQQQ.L vs. VWCE.DE

Last updated Jun 5, 2026

EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, EQQQ.L returned 18.87%/yr vs 12.44%/yr for VWCE.DE. Their correlation of 0.82 suggests significant overlap in exposure. EQQQ.L charges 0.30%/yr vs 0.19%/yr for VWCE.DE.

Performance

EQQQ.L vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EQQQ.L is traded in GBp, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.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 19.86% return, which is significantly higher than VWCE.DE's 11.75% return.

EQQQ.L

• 1D: -0.63%
• 1M: 9.63%
• YTD: 19.86%
• 6M: 18.38%
• 1Y: 41.62%
• 3Y*: 24.65%
• 5Y*: 18.87%
• 10Y*: 22.47%

VWCE.DE

• 1D: -0.08%
• 1M: 5.25%
• YTD: 11.75%
• 6M: 12.23%
• 1Y: 29.82%
• 3Y*: 18.02%
• 5Y*: 12.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EQQQ.L vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF	19.86%	11.54%	28.55%	47.79%	-25.54%	29.59%	43.32%	3.97%
VWCE.DE Vanguard FTSE All-World UCITS ETF	11.75%	14.84%	18.99%	15.82%	-8.73%	19.54%	11.30%	3.08%

Correlation

The correlation between EQQQ.L and VWCE.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.82

The correlation between EQQQ.L and VWCE.DE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

Return for Risk

EQQQ.L vs. VWCE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQQQ.L

EQQQ.L Risk / Return Rank: 78
EQQQ.L Sharpe Ratio Rank: 86
EQQQ.L Sortino Ratio Rank: 84
EQQQ.L Omega Ratio Rank: 83
EQQQ.L Calmar Ratio Rank: 76
EQQQ.L Martin Ratio Rank: 63

VWCE.DE

VWCE.DE Risk / Return Rank: 76
VWCE.DE Sharpe Ratio Rank: 72
VWCE.DE Sortino Ratio Rank: 73
VWCE.DE Omega Ratio Rank: 74
VWCE.DE Calmar Ratio Rank: 79
VWCE.DE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EQQQ.L vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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.

	EQQQ.L	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.74	+0.08
Sortino ratio: Return per unit of downside risk	3.71	3.76	-0.05
Omega ratio: Gain probability vs. loss probability	1.50	1.51	-0.02
Calmar ratio: Return relative to maximum drawdown	3.78	4.23	-0.45
Martin ratio: Return relative to average drawdown	11.13	16.88	-5.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQQQ.L vs. VWCE.DE - Sharpe Ratio Comparison

The current EQQQ.L Sharpe Ratio is 2.82, which is comparable to the VWCE.DE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of EQQQ.L and VWCE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EQQQ.L	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	2.74	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.92	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.79	+0.13

Drawdowns

EQQQ.L vs. VWCE.DE - Drawdown Comparison

The maximum EQQQ.L drawdown since its inception was -33.75%, which is greater than VWCE.DE's maximum drawdown of -25.99%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and VWCE.DE.

Drawdown Indicators

	EQQQ.L	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.75%	-25.99%	-7.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-7.02%	-3.95%
Max Drawdown (3Y) Largest decline over 3 years	-24.09%	-18.90%	-5.19%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-18.90%	-8.86%
Max Drawdown (10Y) Largest decline over 10 years	-27.76%	—	—
Current Drawdown Current decline from peak	-0.63%	-0.46%	-0.17%
Average Drawdown Average peak-to-trough decline	-5.61%	-3.46%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	1.76%	+1.97%

Volatility

EQQQ.L vs. VWCE.DE - Volatility Comparison

Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) has a higher volatility of 4.15% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.18%. This indicates that EQQQ.L's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQQ.L	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	3.18%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	7.98%	+2.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.70%	10.85%	+3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.14%	13.30%	+5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.35%	15.51%	+3.84%

EQQQ.L vs. VWCE.DE - Expense Ratio Comparison

EQQQ.L has a 0.30% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.

Dividends

EQQQ.L vs. VWCE.DE - Dividend Comparison

EQQQ.L's dividend yield for the trailing twelve months is around 0.23%, while VWCE.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%
VWCE.DE Vanguard FTSE All-World 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

Can I hold both EQQQ.L and VWCE.DE in my portfolio?

EQQQ.L and VWCE.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQQQ.L or VWCE.DE?

On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQQQ.L or VWCE.DE?

VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for EQQQ.L.

What is the main difference between EQQQ.L and VWCE.DE?

EQQQ.L is categorized as Nasdaq-100, while VWCE.DE is Global Equities. EQQQ.L tracks NASDAQ-100 Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.30% for EQQQ.L and 0.19% for VWCE.DE.