EQQX.DE vs. XNAS.DE
EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and XNAS.DE (Xtrackers Nasdaq 100 UCITS ETF 1C) are both Nasdaq-100 funds tracking the Nasdaq 100®, from Invesco and Xtrackers respectively. Both are passively managed. Over the past 5 years, EQQX.DE returned 19.11%/yr vs 18.79%/yr for XNAS.DE. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.
Performance
EQQX.DE vs. XNAS.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 XNAS.DE slightly lower at 20.53%.
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
XNAS.DE
- 1D
- -0.83%
- 1M
- 7.97%
- YTD
- 20.53%
- 6M
- 18.71%
- 1Y
- 37.14%
- 3Y*
- 24.64%
- 5Y*
- 18.79%
- 10Y*
- —
EQQX.DE vs. XNAS.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% |
XNAS.DE Xtrackers Nasdaq 100 UCITS ETF 1C | 20.53% | 7.11% | 33.75% | 51.36% | -29.99% | 26.04% |
Correlation
The correlation between EQQX.DE and XNAS.DE is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 1.00 |
The correlation between EQQX.DE and XNAS.DE has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
EQQX.DE vs. XNAS.DE — Risk / Return Rank
EQQX.DE
XNAS.DE
EQQX.DE vs. XNAS.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 Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.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 | XNAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 3.77 | +0.14 |
| Martin ratioReturn relative to average drawdown | 11.64 | 11.16 | +0.48 |
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 | XNAS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.40 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.93 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.91 | -0.01 |
Drawdowns
EQQX.DE vs. XNAS.DE - Drawdown Comparison
The maximum EQQX.DE drawdown since its inception was -31.17%, roughly equal to the maximum XNAS.DE drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and XNAS.DE.
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Drawdown Indicators
| EQQX.DE | XNAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -31.25% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -10.00% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -26.72% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -31.25% | +0.08% |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -7.83% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.38% | -0.02% |
Volatility
EQQX.DE vs. XNAS.DE - Volatility Comparison
Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) and Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) have volatilities of 4.15% and 4.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQQX.DE | XNAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 4.31% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 10.91% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 15.71% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 19.88% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 19.84% | -0.05% |
EQQX.DE vs. XNAS.DE - Expense Ratio Comparison
Both EQQX.DE and XNAS.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EQQX.DE vs. XNAS.DE - Dividend Comparison
Neither EQQX.DE nor XNAS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, EQQX.DE and XNAS.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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EQQX.DE and XNAS.DE have the same expense ratio: 0.20% per year.
Both ETFs track Nasdaq 100®. They also come from different issuers: Invesco and Xtrackers.
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