N1ES.DE vs. EQQX.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both Nasdaq-100 funds from Invesco - N1ES.DE tracks the Nasdaq 100® ESG while EQQX.DE tracks the Nasdaq 100®. Both are passively managed. Over the past 3 years, N1ES.DE returned 25.46%/yr vs 25.43%/yr for EQQX.DE. With a 0.99 correlation, they move nearly in lockstep. N1ES.DE charges 0.25%/yr vs 0.20%/yr for EQQX.DE.
Performance
N1ES.DE vs. EQQX.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with N1ES.DE having a 21.31% return and EQQX.DE slightly higher at 21.61%.
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
N1ES.DE vs. EQQX.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% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 8.11% |
Correlation
The correlation between N1ES.DE and EQQX.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 EQQX.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
N1ES.DE vs. EQQX.DE — Risk / Return Rank
N1ES.DE
EQQX.DE
N1ES.DE vs. EQQX.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 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.
| N1ES.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.91 | -0.22 |
| Martin ratioReturn relative to average drawdown | 10.62 | 11.64 | -1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| N1ES.DE | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.49 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.90 | -0.09 |
Drawdowns
N1ES.DE vs. EQQX.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, roughly equal to the maximum EQQX.DE drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and EQQX.DE.
Loading charts...
Drawdown Indicators
| N1ES.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -31.17% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -9.97% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | -26.80% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.17% | — |
Current DrawdownCurrent decline from peak | -0.74% | 0.00% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -7.99% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 3.36% | +0.42% |
Volatility
N1ES.DE vs. EQQX.DE - Volatility Comparison
Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a higher volatility of 4.64% compared to Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) at 4.15%. This indicates that N1ES.DE's price experiences larger fluctuations and is considered to be riskier than EQQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| N1ES.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 4.15% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 10.89% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 15.75% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 19.86% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 19.79% | +0.94% |
N1ES.DE vs. EQQX.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
N1ES.DE vs. EQQX.DE - Dividend Comparison
Neither N1ES.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, N1ES.DE and EQQX.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, 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 0.25% for N1ES.DE.
N1ES.DE tracks Nasdaq 100® ESG, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.25% for N1ES.DE and 0.20% for EQQX.DE.
Find the right allocation for N1ES.DE and EQQX.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer