EQQX.DE vs. QQQM
EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds from Invesco - EQQX.DE tracks the Nasdaq 100® while QQQM tracks the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, EQQX.DE returned 16.51%/yr vs 16.35%/yr for QQQM. A 0.64 correlation means they provide meaningful diversification when combined. EQQX.DE charges 0.20%/yr vs 0.15%/yr for QQQM.
Performance
EQQX.DE vs. QQQM - Performance Comparison
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Different Trading Currencies
EQQX.DE is traded in EUR, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with EQQX.DE having a 19.18% return and QQQM slightly higher at 19.48%.
EQQX.DE
- 1D
- 0.00%
- 1M
- -2.00%
- 6M
- 20.51%
- YTD
- 19.18%
- 1Y
- 33.29%
- 3Y*
- 23.42%
- 5Y*
- 16.51%
- 10Y*
- —
QQQM
- 1D
- -2.16%
- 1M
- -2.82%
- 6M
- 19.44%
- YTD
- 19.48%
- 1Y
- 32.44%
- 3Y*
- 23.25%
- 5Y*
- 16.35%
- 10Y*
- —
EQQX.DE vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 19.18% | 7.13% | 33.88% | 51.62% | -29.90% | 24.77% |
QQQM Invesco NASDAQ 100 ETF | 19.48% | 6.51% | 33.98% | 50.36% | -28.34% | 23.23% |
Correlation
The correlation between EQQX.DE and QQQM is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.64 |
The correlation between EQQX.DE and QQQM has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
EQQX.DE vs. QQQM — Risk / Return Rank
EQQX.DE
QQQM
EQQX.DE vs. QQQM - 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 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.13 | -1.47 |
| Martin ratioReturn relative to average drawdown | 3.16 | 9.55 | -6.39 |
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Drawdowns
EQQX.DE vs. QQQM - Drawdown Comparison
The maximum EQQX.DE drawdown since its inception was -31.17%, roughly equal to the maximum QQQM drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and QQQM.
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Drawdown Indicators
| EQQX.DE | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -30.95% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -20.09% | -10.99% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -27.16% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -30.95% | -0.22% |
Current DrawdownCurrent decline from peak | -2.51% | -3.53% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -7.27% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.54% | 3.59% | +6.95% |
Volatility
EQQX.DE vs. QQQM - Volatility Comparison
The current volatility for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) is 6.60%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 8.93%. This indicates that EQQX.DE experiences smaller price fluctuations and is considered to be less risky than QQQM 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 | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 8.93% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 13.95% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.34% | 18.03% | +9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.18% | 22.20% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 21.87% | +0.07% |
EQQX.DE vs. QQQM - Expense Ratio Comparison
EQQX.DE has a 0.20% expense ratio, which is higher than QQQM's 0.15% expense ratio. However, 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. QQQM - Dividend Comparison
EQQX.DE has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.44% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
EQQX.DE and QQQM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.20% for EQQX.DE.
EQQX.DE tracks Nasdaq 100®, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.20% for EQQX.DE and 0.15% for QQQM.
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