EQQX.DE vs. CLOA.DE
EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) are both exchange-traded funds - EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Both are passively managed. Over the past year, EQQX.DE returned 38.41% vs 3.48% for CLOA.DE. At a correlation of -0.08, they often move in opposite directions. EQQX.DE charges 0.20%/yr vs 0.25%/yr for CLOA.DE.
Performance
EQQX.DE vs. CLOA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EQQX.DE achieves a 21.61% return, which is significantly higher than CLOA.DE's 1.37% return.
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.34%
- YTD
- 1.37%
- 6M
- 1.83%
- 1Y
- 3.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQQX.DE vs. CLOA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 3.71% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
Correlation
The correlation between EQQX.DE and CLOA.DE is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.08 |
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Return for Risk
EQQX.DE vs. CLOA.DE — Risk / Return Rank
EQQX.DE
CLOA.DE
EQQX.DE vs. CLOA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) and Invesco EUR AAA CLO UCITS ETF Acc (CLOA.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.
| EQQX.DE | CLOA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.55 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 11.09 | -7.18 |
| Martin ratioReturn relative to average drawdown | 11.64 | 35.06 | -23.41 |
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
| EQQX.DE | CLOA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.68 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 2.31 | -1.41 |
Drawdowns
EQQX.DE vs. CLOA.DE - Drawdown Comparison
The maximum EQQX.DE drawdown since its inception was -31.17%, which is greater than CLOA.DE's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and CLOA.DE.
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Drawdown Indicators
| EQQX.DE | CLOA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -0.49% | -30.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -0.31% | -9.66% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -0.09% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.10% | +3.26% |
Volatility
EQQX.DE vs. CLOA.DE - Volatility Comparison
Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a higher volatility of 4.15% compared to Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) at 0.43%. This indicates that EQQX.DE's price experiences larger fluctuations and is considered to be riskier than CLOA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQQX.DE | CLOA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 0.43% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 0.95% | +9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 1.30% | +14.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 1.42% | +18.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 1.42% | +18.37% |
EQQX.DE vs. CLOA.DE - Expense Ratio Comparison
EQQX.DE has a 0.20% expense ratio, which is lower than CLOA.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EQQX.DE vs. CLOA.DE - Dividend Comparison
Neither EQQX.DE nor CLOA.DE has paid dividends to shareholders.
Frequently Asked Questions
EQQX.DE and CLOA.DE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CLOA.DE.
EQQX.DE is categorized as Nasdaq-100, while CLOA.DE is CLO. EQQX.DE tracks Nasdaq 100®, while CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Their fees differ too: 0.20% for EQQX.DE and 0.25% for CLOA.DE.
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