N1ES.DE vs. QVMP.DE

Last updated Jun 5, 2026

N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and QVMP.DE (Invesco S&P 500 QVM UCITS ETF) are both exchange-traded funds - N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG, while QVMP.DE is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-Factor. Both are passively managed. Over the past 3 years, N1ES.DE returned 25.46%/yr vs 21.01%/yr for QVMP.DE. A 0.60 correlation means they provide meaningful diversification when combined. N1ES.DE charges 0.25%/yr vs 0.35%/yr for QVMP.DE.

Performance

N1ES.DE vs. QVMP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) and Invesco S&P 500 QVM UCITS ETF (QVMP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, N1ES.DE achieves a 21.31% return, which is significantly higher than QVMP.DE's 17.52% return.

N1ES.DE

• 1D: -0.74%
• 1M: 8.84%
• YTD: 21.31%
• 6M: 19.74%
• 1Y: 39.34%
• 3Y*: 25.46%
• 5Y*: —
• 10Y*: —

QVMP.DE

• 1D: 0.24%
• 1M: 4.74%
• YTD: 17.52%
• 6M: 17.83%
• 1Y: 21.58%
• 3Y*: 21.01%
• 5Y*: 16.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

N1ES.DE vs. QVMP.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%
QVMP.DE Invesco S&P 500 QVM UCITS ETF	17.52%	1.52%	37.24%	3.45%	6.13%	4.37%

Correlation

The correlation between N1ES.DE and QVMP.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.60

The correlation between N1ES.DE and QVMP.DE shifts across timeframes, from 0.48 (1 year) to 0.61 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

N1ES.DE vs. QVMP.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

N1ES.DE

N1ES.DE Risk / Return Rank: 71
N1ES.DE Sharpe Ratio Rank: 76
N1ES.DE Sortino Ratio Rank: 71
N1ES.DE Omega Ratio Rank: 71
N1ES.DE Calmar Ratio Rank: 74
N1ES.DE Martin Ratio Rank: 60

QVMP.DE

QVMP.DE Risk / Return Rank: 67
QVMP.DE Sharpe Ratio Rank: 57
QVMP.DE Sortino Ratio Rank: 60
QVMP.DE Omega Ratio Rank: 55
QVMP.DE Calmar Ratio Rank: 90
QVMP.DE Martin Ratio Rank: 71

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.

N1ES.DE vs. QVMP.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 S&P 500 QVM UCITS ETF (QVMP.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	QVMP.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.91	+0.51
Sortino ratio: Return per unit of downside risk	3.19	2.77	+0.42
Omega ratio: Gain probability vs. loss probability	1.42	1.34	+0.08
Calmar ratio: Return relative to maximum drawdown	3.69	5.40	-1.71
Martin ratio: Return relative to average drawdown	10.62	13.12	-2.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

N1ES.DE vs. QVMP.DE - Sharpe Ratio Comparison

The current N1ES.DE Sharpe Ratio is 2.42, which is comparable to the QVMP.DE Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of N1ES.DE and QVMP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	N1ES.DE	QVMP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	1.91	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.82	-0.01

Drawdowns

N1ES.DE vs. QVMP.DE - Drawdown Comparison

The maximum N1ES.DE drawdown since its inception was -29.96%, smaller than the maximum QVMP.DE drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and QVMP.DE.

Drawdown Indicators

	N1ES.DE	QVMP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-29.96%	-34.10%	+4.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-3.81%	-7.05%
Max Drawdown (3Y) Largest decline over 3 years	-26.65%	-19.88%	-6.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.88%	—
Current Drawdown Current decline from peak	-0.74%	-0.18%	-0.56%
Average Drawdown Average peak-to-trough decline	-8.51%	-5.04%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	1.57%	+2.21%

Volatility

N1ES.DE vs. QVMP.DE - Volatility Comparison

Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a higher volatility of 4.64% compared to Invesco S&P 500 QVM UCITS ETF (QVMP.DE) at 2.72%. This indicates that N1ES.DE's price experiences larger fluctuations and is considered to be riskier than QVMP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	N1ES.DE	QVMP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	2.72%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	7.38%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	10.79%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.73%	16.03%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	17.08%	+3.65%

N1ES.DE vs. QVMP.DE - Expense Ratio Comparison

N1ES.DE has a 0.25% expense ratio, which is lower than QVMP.DE's 0.35% expense ratio.

Dividends

N1ES.DE vs. QVMP.DE - Dividend Comparison

N1ES.DE has not paid dividends to shareholders, while QVMP.DE's dividend yield for the trailing twelve months is around 0.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
QVMP.DE Invesco S&P 500 QVM UCITS ETF	0.77%	0.84%	0.82%	1.61%	1.82%	0.86%	1.58%	1.38%	1.31%	0.72%

Frequently Asked Questions

Can I hold both N1ES.DE and QVMP.DE in my portfolio?

N1ES.DE and QVMP.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, N1ES.DE or QVMP.DE?

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.

Which ETF is cheaper, N1ES.DE or QVMP.DE?

N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for QVMP.DE.

What is the main difference between N1ES.DE and QVMP.DE?

N1ES.DE is categorized as Nasdaq-100, while QVMP.DE is S&P 500. N1ES.DE tracks Nasdaq 100® ESG, while QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor. Their fees differ too: 0.25% for N1ES.DE and 0.35% for QVMP.DE.