N1ES.DE vs. EQQQ.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and EQQQ.DE (Invesco EQQQ NASDAQ-100 UCITS ETF) are both Nasdaq-100 funds from Invesco - N1ES.DE tracks the Nasdaq 100® ESG while EQQQ.DE tracks the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, N1ES.DE returned 25.46%/yr vs 24.54%/yr for EQQQ.DE. With a 0.99 correlation, they move nearly in lockstep. N1ES.DE charges 0.25%/yr vs 0.30%/yr for EQQQ.DE.
Performance
N1ES.DE vs. EQQQ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with N1ES.DE having a 21.31% return and EQQQ.DE slightly lower at 20.52%.
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
EQQQ.DE
- 1D
- -0.85%
- 1M
- 7.99%
- YTD
- 20.52%
- 6M
- 18.72%
- 1Y
- 37.03%
- 3Y*
- 24.54%
- 5Y*
- 18.69%
- 10Y*
- 21.28%
N1ES.DE vs. EQQQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 20.52% | 6.94% | 33.67% | 51.32% | -30.10% | 8.15% |
Correlation
The correlation between N1ES.DE and EQQQ.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.99 |
The correlation between N1ES.DE and EQQQ.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
N1ES.DE vs. EQQQ.DE — Risk / Return Rank
N1ES.DE
EQQQ.DE
N1ES.DE vs. EQQQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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.
| N1ES.DE | EQQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.74 | -0.05 |
| Martin ratioReturn relative to average drawdown | 10.62 | 11.10 | -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
| N1ES.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.40 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.80 | +0.01 |
Drawdowns
N1ES.DE vs. EQQQ.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, smaller than the maximum EQQQ.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and EQQQ.DE.
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Drawdown Indicators
| N1ES.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -47.04% | +17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -10.05% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | -26.70% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.30% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.85% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -7.35% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 3.39% | +0.39% |
Volatility
N1ES.DE vs. EQQQ.DE - Volatility Comparison
Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a higher volatility of 4.64% compared to Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) at 4.26%. This indicates that N1ES.DE's price experiences larger fluctuations and is considered to be riskier than EQQQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| N1ES.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 4.26% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 10.90% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 15.64% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 19.84% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 19.65% | +1.08% |
N1ES.DE vs. EQQQ.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% expense ratio, which is lower than EQQQ.DE's 0.30% expense ratio.
Dividends
N1ES.DE vs. EQQQ.DE - Dividend Comparison
N1ES.DE has not paid dividends to shareholders, while EQQQ.DE's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.37% | 0.39% | 0.57% | 0.25% | 0.41% | 0.54% | 0.64% | 0.68% | 0.78% | 0.73% |
N1ES.DE Invesco Nasdaq-100 ESG 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% |
Frequently Asked Questions
With a correlation of 0.99, N1ES.DE and EQQQ.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.
On fees, N1ES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for EQQQ.DE.
N1ES.DE tracks Nasdaq 100® ESG, while EQQQ.DE tracks NASDAQ-100 Index. Their fees differ too: 0.25% for N1ES.DE and 0.30% for EQQQ.DE.
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