EQQX.DE vs. N1ES.DE
EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both Nasdaq-100 funds from Invesco - EQQX.DE tracks the Nasdaq 100® while N1ES.DE tracks the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, EQQX.DE returned 25.43%/yr vs 25.46%/yr for N1ES.DE. With a 0.99 correlation, they move nearly in lockstep. EQQX.DE charges 0.20%/yr vs 0.25%/yr for N1ES.DE.
Performance
EQQX.DE vs. N1ES.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EQQX.DE having a 21.61% return and N1ES.DE slightly lower at 21.31%.
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
EQQX.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 8.11% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
Correlation
The correlation between EQQX.DE and N1ES.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.99 |
The correlation between EQQX.DE and N1ES.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
EQQX.DE vs. N1ES.DE — Risk / Return Rank
EQQX.DE
N1ES.DE
EQQX.DE vs. N1ES.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 Nasdaq-100 ESG UCITS ETF Acc (N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 3.69 | +0.22 |
| Martin ratioReturn relative to average drawdown | 11.64 | 10.62 | +1.03 |
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 | N1ES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.42 | +0.08 |
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 | 0.81 | +0.09 |
Drawdowns
EQQX.DE vs. N1ES.DE - Drawdown Comparison
The maximum EQQX.DE drawdown since its inception was -31.17%, roughly equal to the maximum N1ES.DE drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and N1ES.DE.
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Drawdown Indicators
| EQQX.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -29.96% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -10.86% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -26.65% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -8.51% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.78% | -0.42% |
Volatility
EQQX.DE vs. N1ES.DE - Volatility Comparison
The current volatility for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) is 4.15%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a volatility of 4.64%. This indicates that EQQX.DE experiences smaller price fluctuations and is considered to be less risky than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 4.64% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 11.63% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 16.59% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 20.73% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 20.73% | -0.94% |
EQQX.DE vs. N1ES.DE - Expense Ratio Comparison
EQQX.DE has a 0.20% expense ratio, which is lower than N1ES.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. N1ES.DE - Dividend Comparison
Neither EQQX.DE nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, EQQX.DE and N1ES.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 N1ES.DE.
EQQX.DE tracks Nasdaq 100®, while N1ES.DE tracks Nasdaq 100® ESG. Their fees differ too: 0.20% for EQQX.DE and 0.25% for N1ES.DE.
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