HDLB vs. EQQQ.L
Compare and contrast key facts about ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L).
HDLB and EQQQ.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDLB is a passively managed fund by UBS that tracks the performance of the Solactive US High Dividend Low Volatility (USD)(TR) (200%). It was launched on Oct 24, 2019. EQQQ.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Dec 2, 2002. Both HDLB and EQQQ.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDLB or EQQQ.L.
Performance
HDLB vs. EQQQ.L - Performance Comparison
Returns By Period
In the year-to-date period, HDLB achieves a 42.08% return, which is significantly higher than EQQQ.L's 22.87% return.
HDLB
42.08%
0.50%
30.30%
59.48%
0.91%
N/A
EQQQ.L
22.87%
4.21%
10.89%
27.68%
20.98%
20.20%
Key characteristics
| HDLB | EQQQ.L | |
|---|---|---|
| Sharpe Ratio | 2.44 | 1.79 |
| Sortino Ratio | 3.04 | 2.46 |
| Omega Ratio | 1.39 | 1.33 |
| Calmar Ratio | 1.48 | 2.35 |
| Martin Ratio | 15.45 | 7.07 |
| Ulcer Index | 3.90% | 4.04% |
| Daily Std Dev | 24.77% | 15.89% |
| Max Drawdown | -78.70% | -33.75% |
| Current Drawdown | -5.38% | -1.81% |
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HDLB vs. EQQQ.L - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than EQQQ.L's 0.30% expense ratio.
Correlation
The correlation between HDLB and EQQQ.L is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
HDLB vs. EQQQ.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L). 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.
Dividends
HDLB vs. EQQQ.L - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 8.94%, more than EQQQ.L's 0.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 8.94% | 12.36% | 12.28% | 8.07% | 16.24% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.39% | 0.39% | 0.56% | 0.25% | 0.41% | 0.56% | 0.63% | 0.67% | 0.77% | 0.72% | 1.01% | 0.95% |
Drawdowns
HDLB vs. EQQQ.L - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, which is greater than EQQQ.L's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for HDLB and EQQQ.L. For additional features, visit the drawdowns tool.
Volatility
HDLB vs. EQQQ.L - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a higher volatility of 5.79% compared to Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) at 4.99%. This indicates that HDLB's price experiences larger fluctuations and is considered to be riskier than EQQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.