P500.DE vs. EQQX.DE
P500.DE (Invesco S&P 500 UCITS ETF) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - P500.DE is a S&P 500 fund tracking the S&P 500 Index, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, P500.DE returned 14.99%/yr vs 19.11%/yr for EQQX.DE. Their correlation of 0.92 suggests significant overlap in exposure. P500.DE charges 0.05%/yr vs 0.20%/yr for EQQX.DE.
Performance
P500.DE vs. EQQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, P500.DE achieves a 11.47% return, which is significantly lower than EQQX.DE's 21.61% return.
P500.DE
- 1D
- -0.10%
- 1M
- 4.39%
- YTD
- 11.47%
- 6M
- 10.93%
- 1Y
- 25.73%
- 3Y*
- 19.07%
- 5Y*
- 14.99%
- 10Y*
- 15.16%
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
P500.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -14.05% | 23.51% |
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 P500.DE and EQQX.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.92 |
The correlation between P500.DE and EQQX.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
P500.DE vs. EQQX.DE — Risk / Return Rank
P500.DE
EQQX.DE
P500.DE vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (P500.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.
| P500.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.91 | -0.30 |
| Martin ratioReturn relative to average drawdown | 12.91 | 11.64 | +1.27 |
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
| P500.DE | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.49 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.95 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.90 | +0.11 |
Drawdowns
P500.DE vs. EQQX.DE - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.78%, 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 P500.DE and EQQX.DE.
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Drawdown Indicators
| P500.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -31.17% | -2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -9.97% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -26.80% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -31.17% | +7.83% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | 0.00% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -7.99% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 3.36% | -1.37% |
Volatility
P500.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (P500.DE) is 2.65%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 4.15%. This indicates that P500.DE experiences smaller price fluctuations and is considered to be less risky 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
| P500.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 4.15% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 10.89% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 15.75% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 19.86% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 19.79% | -3.72% |
P500.DE vs. EQQX.DE - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than EQQX.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
P500.DE vs. EQQX.DE - Dividend Comparison
Neither P500.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, P500.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, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for EQQX.DE.
P500.DE is categorized as S&P 500, while EQQX.DE is Nasdaq-100. P500.DE tracks S&P 500 Index, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.05% for P500.DE and 0.20% for EQQX.DE.
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