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IMEU.AS vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMEU.AS vs. QQQM

Last updated Jun 26, 2026

IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IMEU.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IMEU.AS returned 10.27%/yr vs 17.18%/yr for QQQM. At a 0.34 correlation, their price movements are largely independent. IMEU.AS charges 1.00%/yr vs 0.15%/yr for QQQM.

Performance

IMEU.AS vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IMEU.AS is traded in EUR, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IMEU.AS achieves a 10.49% return, which is significantly lower than QQQM's 19.95% return.

IMEU.AS

1D
0.83%
1M
2.46%
YTD
10.49%
6M
10.91%
1Y
22.44%
3Y*
15.31%
5Y*
10.27%
10Y*
10.53%

QQQM

1D
0.00%
1M
-0.24%
YTD
19.95%
6M
18.42%
1Y
35.49%
3Y*
24.81%
5Y*
17.18%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMEU.AS vs. QQQM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IMEU.AS
iShares Core MSCI Europe UCITS ETF EUR (Dist)		10.49%19.89%8.95%15.92%-9.29%25.73%7.09%
QQQM
Invesco NASDAQ 100 ETF		20.80%6.51%33.98%50.36%-28.34%36.98%2.51%

Correlation

The correlation between IMEU.AS and QQQM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2020

0.34

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI Europe UCITS ETF EUR (Dist)

Invesco NASDAQ 100 ETF

Often compared with IMEU.AS:
IMEU.AS vs. CSPX.LIMEU.AS vs. VUAA.LIMEU.AS vs. IEMU.LIMEU.AS vs. VEUR.ASIMEU.AS vs. VIDY.TOIMEU.AS vs. VHYL.ASIMEU.AS vs. CSPX.AS
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. FTECQQQM vs. JEPQ

Return for Risk

IMEU.AS vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMEU.AS
IMEU.AS Risk / Return Rank: 5959
Overall Rank
IMEU.AS Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
IMEU.AS Sortino Ratio Rank: 6161
Sortino Ratio Rank
IMEU.AS Omega Ratio Rank: 6161
Omega Ratio Rank
IMEU.AS Calmar Ratio Rank: 5454
Calmar Ratio Rank
IMEU.AS Martin Ratio Rank: 5858
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 6464
Overall Rank
QQQM Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 6161
Sortino Ratio Rank
QQQM Omega Ratio Rank: 6464
Omega Ratio Rank
QQQM Calmar Ratio Rank: 6565
Calmar Ratio Rank
QQQM Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMEU.AS vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) and Invesco NASDAQ 100 ETF (QQQM). 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.

IMEU.ASQQQMDifference
Sharpe ratioReturn per unit of total volatility
1.74
2.02

-0.28

Sortino ratioReturn per unit of downside risk
2.51
2.58

-0.08

Omega ratioGain probability vs. loss probability

1.33

1.36

-0.03

Calmar ratioReturn relative to maximum drawdown

2.33

3.24

-0.91

Martin ratioReturn relative to average drawdown

8.97

9.96

-0.98

IMEU.AS vs. QQQM - Sharpe Ratio Comparison

The current IMEU.AS Sharpe Ratio is 1.74, which is comparable to the QQQM Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of IMEU.AS and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IMEU.AS vs. QQQM - Drawdown Comparison

The maximum IMEU.AS drawdown since its inception was -54.54%, which is greater than QQQM's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for IMEU.AS and QQQM.

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Drawdown Indicators

IMEU.ASQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-54.54%

-30.95%

-23.59%

Max Drawdown (1Y)

Largest decline over 1 year

-9.49%

-10.99%

+1.50%

Max Drawdown (3Y)

Largest decline over 3 years

-16.41%

-27.16%

+10.75%

Max Drawdown (5Y)

Largest decline over 5 years

-19.48%

-30.95%

+11.47%

Max Drawdown (10Y)

Largest decline over 10 years

-35.16%

—

—

Current Drawdown

Current decline from peak

0.00%

-3.15%

+3.15%

Average Drawdown

Average peak-to-trough decline

-10.27%

-7.29%

-2.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

3.57%

-1.09%

Volatility

IMEU.AS vs. QQQM - Volatility Comparison

The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) is 2.88%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 8.08%. This indicates that IMEU.AS experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMEU.ASQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.88%

8.08%

-5.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.73%

13.39%

-2.66%

Volatility (1Y)

Calculated over the trailing 1-year period

12.76%

17.64%

-4.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.05%

22.14%

-8.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.19%

21.84%

-6.65%

IMEU.AS vs. QQQM - Expense Ratio Comparison

IMEU.AS has a 1.00% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

IMEU.AS vs. QQQM - Dividend Comparison

IMEU.AS's dividend yield for the trailing twelve months is around 2.47%, more than QQQM's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
IMEU.AS
iShares Core MSCI Europe UCITS ETF EUR (Dist)		2.47%2.55%2.87%2.88%2.94%2.25%2.08%3.06%3.23%2.64%2.86%2.65%
QQQM
Invesco NASDAQ 100 ETF		0.44%0.50%0.61%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IMEU.AS and QQQM have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQM is cheaper with a 0.15% expense ratio, compared with 1.00% for IMEU.AS.

IMEU.AS is categorized as Europe Equities, while QQQM is Nasdaq-100. IMEU.AS tracks MSCI Europe NR EUR, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 1.00% for IMEU.AS and 0.15% for QQQM.

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