EUNW.DE vs. CQQQ
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and CQQQ (Invesco China Technology ETF) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while CQQQ is a China Equities fund tracking the FTSE China Incl A 25% Technology Capped Index. Both are passively managed. Over the past 10 years, EUNW.DE returned 3.10%/yr vs 4.86%/yr for CQQQ. At a 0.27 correlation, their price movements are largely independent. EUNW.DE charges 0.50%/yr vs 0.70%/yr for CQQQ.
Performance
EUNW.DE vs. CQQQ - Performance Comparison
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Different Trading Currencies
EUNW.DE is traded in EUR, while CQQQ is traded in USD. To make them comparable, the CQQQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.77% return, which is significantly higher than CQQQ's -0.98% return. Over the past 10 years, EUNW.DE has underperformed CQQQ with an annualized return of 3.10%, while CQQQ has yielded a comparatively higher 4.86% annualized return.
EUNW.DE
- 1D
- 0.14%
- 1M
- 0.41%
- YTD
- 0.77%
- 6M
- 1.47%
- 1Y
- 3.10%
- 3Y*
- 6.08%
- 5Y*
- 2.62%
- 10Y*
- 3.10%
CQQQ
- 1D
- -1.19%
- 1M
- -3.69%
- YTD
- -0.98%
- 6M
- -2.27%
- 1Y
- 19.43%
- 3Y*
- 6.07%
- 5Y*
- -7.25%
- 10Y*
- 4.86%
EUNW.DE vs. CQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.77% | 4.99% | 5.90% | 11.26% | -9.37% | 2.92% | 1.07% | 9.86% | -3.52% | 4.59% |
CQQQ Invesco China Technology ETF | -0.98% | 18.95% | 17.09% | -19.21% | -25.76% | -18.89% | 44.37% | 36.58% | -31.71% | 52.89% |
Correlation
The correlation between EUNW.DE and CQQQ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.27 |
The correlation between EUNW.DE and CQQQ shifts across timeframes, from 0.21 (3 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. CQQQ — Risk / Return Rank
EUNW.DE
CQQQ
EUNW.DE vs. CQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) and Invesco China Technology ETF (CQQQ). 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.
| EUNW.DE | CQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.85 | +0.22 |
| Martin ratioReturn relative to average drawdown | 4.47 | 1.91 | +2.56 |
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
| EUNW.DE | CQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.67 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.20 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.15 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.23 | +0.41 |
Drawdowns
EUNW.DE vs. CQQQ - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, smaller than the maximum CQQQ drawdown of -70.82%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and CQQQ.
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Drawdown Indicators
| EUNW.DE | CQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -70.82% | +45.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -22.97% | +20.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -34.70% | +30.90% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -63.57% | +48.78% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -70.82% | +45.35% |
Current DrawdownCurrent decline from peak | -0.17% | -49.38% | +49.21% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -25.52% | +23.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 10.21% | -9.52% |
Volatility
EUNW.DE vs. CQQQ - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.82%, while Invesco China Technology ETF (CQQQ) has a volatility of 11.14%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than CQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNW.DE | CQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 11.14% | -10.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 21.38% | -18.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 29.25% | -25.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 36.60% | -31.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 32.59% | -26.01% |
EUNW.DE vs. CQQQ - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is lower than CQQQ's 0.70% expense ratio.
Dividends
EUNW.DE vs. CQQQ - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.18%, more than CQQQ's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQQQ Invesco China Technology ETF | 2.23% | 2.17% | 0.28% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.18% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
Frequently Asked Questions
EUNW.DE and CQQQ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNW.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNW.DE is cheaper with a 0.50% expense ratio, compared with 0.70% for CQQQ.
EUNW.DE is categorized as European High Yield Bonds, while CQQQ is China Equities. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while CQQQ tracks FTSE China Incl A 25% Technology Capped Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for EUNW.DE and 0.70% for CQQQ.
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