EQQX.DE vs. HDLV.DE

Last updated Jul 18, 2026

EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) are both exchange-traded funds - EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while HDLV.DE is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Net Total Return Index. Both are passively managed. Over the past 5 years, EQQX.DE returned 16.07%/yr vs 8.25%/yr for HDLV.DE. At a 0.24 correlation, their price movements are largely independent. EQQX.DE charges 0.20%/yr vs 0.30%/yr for HDLV.DE.

Performance

EQQX.DE vs. HDLV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) and Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQQX.DE achieves a 18.00% return, which is significantly higher than HDLV.DE's 16.02% return.

EQQX.DE

• 1D: 0.00%
• 1M: -1.58%
• 6M: 16.15%
• YTD: 18.00%
• 1Y: 29.00%
• 3Y*: 22.98%
• 5Y*: 16.07%
• 10Y*: —

HDLV.DE

• 1D: 0.43%
• 1M: 6.68%
• 6M: 11.92%
• YTD: 16.02%
• 1Y: 16.81%
• 3Y*: 11.57%
• 5Y*: 8.25%
• 10Y*: 6.33%

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

EQQX.DE vs. HDLV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc	18.00%	7.13%	33.88%	51.62%	-29.90%	24.77%
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF	16.02%	-8.06%	23.32%	-2.45%	6.28%	12.69%

Correlation

The correlation between EQQX.DE and HDLV.DE is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021	0.24

The correlation between EQQX.DE and HDLV.DE shifts across timeframes, from -0.14 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

EQQX.DE vs. HDLV.DE — Risk / Return Rank

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

EQQX.DE

EQQX.DE Risk / Return Rank: 40
EQQX.DE Sharpe Ratio Rank: 36
EQQX.DE Sortino Ratio Rank: 40
EQQX.DE Omega Ratio Rank: 60
EQQX.DE Calmar Ratio Rank: 36
EQQX.DE Martin Ratio Rank: 26

HDLV.DE

HDLV.DE Risk / Return Rank: 59
HDLV.DE Sharpe Ratio Rank: 60
HDLV.DE Sortino Ratio Rank: 64
HDLV.DE Omega Ratio Rank: 53
HDLV.DE Calmar Ratio Rank: 68
HDLV.DE Martin Ratio Rank: 51

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.

EQQX.DE vs. HDLV.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 S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.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.

	EQQX.DE	HDLV.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.51	-0.45
Sortino ratio: Return per unit of downside risk	1.71	2.27	-0.56
Omega ratio: Gain probability vs. loss probability	1.29	1.25	+0.04
Calmar ratio: Return relative to maximum drawdown	1.44	2.55	-1.11
Martin ratio: Return relative to average drawdown	2.75	6.50	-3.76

EQQX.DE vs. HDLV.DE - Sharpe Ratio Comparison

The current EQQX.DE Sharpe Ratio is 1.06, which is comparable to the HDLV.DE Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of EQQX.DE and HDLV.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.

Drawdowns

EQQX.DE vs. HDLV.DE - Drawdown Comparison

The maximum EQQX.DE drawdown since its inception was -31.17%, smaller than the maximum HDLV.DE drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and HDLV.DE.

Drawdown Indicators

	EQQX.DE	HDLV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.17%	-39.21%	+8.04%
Max Drawdown (1Y) Largest decline over 1 year	-20.09%	-6.56%	-13.53%
Max Drawdown (3Y) Largest decline over 3 years	-26.80%	-19.09%	-7.71%
Max Drawdown (5Y) Largest decline over 5 years	-31.17%	-19.99%	-11.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.21%	—
Current Drawdown Current decline from peak	-3.47%	0.00%	-3.47%
Average Drawdown Average peak-to-trough decline	-8.88%	-8.69%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	2.58%	+7.97%

Volatility

EQQX.DE vs. HDLV.DE - Volatility Comparison

Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a higher volatility of 5.58% compared to Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) at 3.81%. This indicates that EQQX.DE's price experiences larger fluctuations and is considered to be riskier than HDLV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQX.DE	HDLV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	3.81%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	8.76%	+3.70%
Volatility (1Y) Calculated over the trailing 1-year period	27.44%	11.20%	+16.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.22%	13.64%	+8.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	17.12%	+4.80%

EQQX.DE vs. HDLV.DE - Expense Ratio Comparison

EQQX.DE has a 0.20% expense ratio, which is lower than HDLV.DE's 0.30% expense ratio.

Dividends

EQQX.DE vs. HDLV.DE - Dividend Comparison

EQQX.DE has not paid dividends to shareholders, while HDLV.DE's dividend yield for the trailing twelve months is around 3.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF 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%
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF	3.38%	4.01%	3.43%	4.14%	3.60%	3.24%	4.64%	3.68%	3.70%	3.22%	2.93%	1.86%

Frequently Asked Questions

Can I hold both EQQX.DE and HDLV.DE in my portfolio?

EQQX.DE and HDLV.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQQX.DE or HDLV.DE?

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.

Which ETF is cheaper, EQQX.DE or HDLV.DE?

EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for HDLV.DE.

What is the main difference between EQQX.DE and HDLV.DE?

EQQX.DE is categorized as Nasdaq-100, while HDLV.DE is Dividend. EQQX.DE tracks Nasdaq 100®, while HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index. Their fees differ too: 0.20% for EQQX.DE and 0.30% for HDLV.DE.