EQQX.DE vs. XAT1.DE
EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and XAT1.DE (Invesco AT1 Capital Bond ETF EUR Hedged Dist) are both exchange-traded funds - EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while XAT1.DE is a Corporate Bonds fund tracking the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. Both are passively managed. Over the past 5 years, EQQX.DE returned 19.11%/yr vs 0.67%/yr for XAT1.DE. At a 0.38 correlation, their price movements are largely independent. EQQX.DE charges 0.20%/yr vs 0.39%/yr for XAT1.DE.
Performance
EQQX.DE vs. XAT1.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 XAT1.DE's 0.23% 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*
- —
XAT1.DE
- 1D
- -0.09%
- 1M
- -1.42%
- YTD
- 0.23%
- 6M
- 0.99%
- 1Y
- 5.49%
- 3Y*
- 8.79%
- 5Y*
- 0.67%
- 10Y*
- —
EQQX.DE vs. XAT1.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% | 26.11% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 0.23% | 8.61% | 8.34% | -0.02% | -12.08% | 0.80% |
Correlation
The correlation between EQQX.DE and XAT1.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.38 |
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Return for Risk
EQQX.DE vs. XAT1.DE — Risk / Return Rank
EQQX.DE
XAT1.DE
EQQX.DE vs. XAT1.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 AT1 Capital Bond ETF EUR Hedged Dist (XAT1.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 | XAT1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.55 | +2.36 |
| Martin ratioReturn relative to average drawdown | 11.64 | 6.31 | +5.34 |
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 | XAT1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.15 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.08 | +0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.31 | +0.59 |
Drawdowns
EQQX.DE vs. XAT1.DE - Drawdown Comparison
The maximum EQQX.DE drawdown since its inception was -31.17%, which is greater than XAT1.DE's maximum drawdown of -28.95%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and XAT1.DE.
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Drawdown Indicators
| EQQX.DE | XAT1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -28.95% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -3.63% | -6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -4.67% | -22.13% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -27.74% | -3.43% |
Current DrawdownCurrent decline from peak | 0.00% | -1.42% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -6.38% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.89% | +2.47% |
Volatility
EQQX.DE vs. XAT1.DE - Volatility Comparison
Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a higher volatility of 4.15% compared to Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) at 1.69%. This indicates that EQQX.DE's price experiences larger fluctuations and is considered to be riskier than XAT1.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 | XAT1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 1.69% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 4.41% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 4.91% | +10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 8.18% | +11.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 10.25% | +9.54% |
EQQX.DE vs. XAT1.DE - Expense Ratio Comparison
EQQX.DE has a 0.20% expense ratio, which is lower than XAT1.DE's 0.39% expense ratio.
Dividends
EQQX.DE vs. XAT1.DE - Dividend Comparison
EQQX.DE has not paid dividends to shareholders, while XAT1.DE's dividend yield for the trailing twelve months is around 5.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 5.94% | 5.95% | 6.40% | 6.17% | 6.02% | 4.42% | 5.23% | 5.59% | 2.63% |
Frequently Asked Questions
EQQX.DE and XAT1.DE have a correlation of 0.36, 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 0.39% for XAT1.DE.
EQQX.DE is categorized as Nasdaq-100, while XAT1.DE is Corporate Bonds. EQQX.DE tracks Nasdaq 100®, while XAT1.DE tracks Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. Their fees differ too: 0.20% for EQQX.DE and 0.39% for XAT1.DE.
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