NQSE.DE vs. EQQX.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both Nasdaq-100 funds - NQSE.DE tracks the NASDAQ-100 Index while EQQX.DE tracks the Nasdaq 100®. Both are passively managed. Over the past 5 years, NQSE.DE returned 14.91%/yr vs 19.11%/yr for EQQX.DE. Their correlation of 0.91 suggests significant overlap in exposure. NQSE.DE charges 0.33%/yr vs 0.20%/yr for EQQX.DE.
Performance
NQSE.DE vs. EQQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NQSE.DE achieves a 17.82% return, which is significantly lower than EQQX.DE's 21.61% return.
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 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*
- —
NQSE.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -36.29% | 18.51% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 26.11% |
Correlation
The correlation between NQSE.DE and EQQX.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.91 |
The correlation between NQSE.DE and EQQX.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
NQSE.DE vs. EQQX.DE — Risk / Return Rank
NQSE.DE
EQQX.DE
NQSE.DE vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.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.
| NQSE.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.91 | -0.83 |
| Martin ratioReturn relative to average drawdown | 10.77 | 11.64 | -0.88 |
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
| NQSE.DE | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.49 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.95 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.90 | -0.08 |
Drawdowns
NQSE.DE vs. EQQX.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.67%, 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 NQSE.DE and EQQX.DE.
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Drawdown Indicators
| NQSE.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -31.17% | -6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -9.97% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -26.80% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -37.67% | -31.17% | -6.50% |
Current DrawdownCurrent decline from peak | -0.84% | 0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -7.99% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.36% | +0.04% |
Volatility
NQSE.DE vs. EQQX.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 4.75% compared to Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) at 4.15%. This indicates that NQSE.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.
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Volatility by Period
| NQSE.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 4.15% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 10.89% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 15.75% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 19.86% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 19.79% | +1.75% |
NQSE.DE vs. EQQX.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio.
Dividends
NQSE.DE vs. EQQX.DE - Dividend Comparison
Neither NQSE.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and EQQX.DE have a correlation of 0.90, 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 0.33% for NQSE.DE.
NQSE.DE tracks NASDAQ-100 Index, while EQQX.DE tracks Nasdaq 100®. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.33% for NQSE.DE and 0.20% for EQQX.DE.
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