HDLV.DE vs. EQQX.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - HDLV.DE is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Net Total Return Index, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, HDLV.DE returned 7.63%/yr vs 16.51%/yr for EQQX.DE. At a 0.24 correlation, their price movements are largely independent. HDLV.DE charges 0.30%/yr vs 0.20%/yr for EQQX.DE.
Performance
HDLV.DE vs. EQQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDLV.DE achieves a 12.89% return, which is significantly lower than EQQX.DE's 19.18% return.
HDLV.DE
- 1D
- 0.44%
- 1M
- 6.78%
- 6M
- 13.04%
- YTD
- 12.89%
- 1Y
- 14.06%
- 3Y*
- 9.63%
- 5Y*
- 7.63%
- 10Y*
- 6.48%
EQQX.DE
- 1D
- 0.00%
- 1M
- -2.00%
- 6M
- 20.51%
- YTD
- 19.18%
- 1Y
- 33.29%
- 3Y*
- 23.42%
- 5Y*
- 16.51%
- 10Y*
- —
HDLV.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 12.89% | -8.06% | 23.32% | -2.45% | 6.28% | 12.69% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 19.18% | 7.13% | 33.88% | 51.62% | -29.90% | 24.77% |
Correlation
The correlation between HDLV.DE and EQQX.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.24 |
The correlation between HDLV.DE and EQQX.DE shifts across timeframes, from -0.08 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HDLV.DE vs. EQQX.DE — Risk / Return Rank
HDLV.DE
EQQX.DE
HDLV.DE vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.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.
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.
| HDLV.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.66 | +0.48 |
| Martin ratioReturn relative to average drawdown | 5.44 | 3.16 | +2.28 |
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Drawdowns
HDLV.DE vs. EQQX.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, which is greater than EQQX.DE's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and EQQX.DE.
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Drawdown Indicators
| HDLV.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -31.17% | -8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -20.09% | +13.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -26.80% | +7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -31.17% | +11.18% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | — | — |
Current DrawdownCurrent decline from peak | -2.47% | -2.51% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -8.93% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 10.54% | -7.96% |
Volatility
HDLV.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) is 3.52%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 6.60%. This indicates that HDLV.DE experiences smaller price fluctuations and is considered to be less risky than EQQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDLV.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 6.60% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 12.32% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 27.34% | -16.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 22.18% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 21.94% | -4.84% |
HDLV.DE vs. EQQX.DE - Expense Ratio Comparison
HDLV.DE has a 0.30% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio.
Dividends
HDLV.DE vs. EQQX.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.47%, while EQQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.47% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
Frequently Asked Questions
HDLV.DE and EQQX.DE have a correlation of -0.08, 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 0.30% for HDLV.DE.
HDLV.DE is categorized as Dividend, while EQQX.DE is Nasdaq-100. HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.30% for HDLV.DE and 0.20% for EQQX.DE.
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