PDSE.DE vs. EQQB.DE
PDSE.DE (Invesco Preferred Shares UCITS ETF EUR Hedged Dist) and EQQB.DE (Invesco EQQQ Nasdaq-100 UCITS ETF Acc) are both exchange-traded funds - PDSE.DE is a Preferred Stock/Convertible Bonds fund tracking the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index, while EQQB.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 3 years, PDSE.DE returned 1.44%/yr vs 23.18%/yr for EQQB.DE. At a 0.38 correlation, their price movements are largely independent. PDSE.DE charges 0.55%/yr vs 0.30%/yr for EQQB.DE.
Performance
PDSE.DE vs. EQQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PDSE.DE achieves a -1.41% return, which is significantly lower than EQQB.DE's 19.04% return.
PDSE.DE
- 1D
- 0.24%
- 1M
- -1.95%
- 6M
- -1.49%
- YTD
- -1.41%
- 1Y
- -0.55%
- 3Y*
- 1.44%
- 5Y*
- -3.94%
- 10Y*
- —
EQQB.DE
- 1D
- 0.00%
- 1M
- -2.05%
- 6M
- 20.36%
- YTD
- 19.04%
- 1Y
- 33.03%
- 3Y*
- 23.18%
- 5Y*
- —
- 10Y*
- —
PDSE.DE vs. EQQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PDSE.DE Invesco Preferred Shares UCITS ETF EUR Hedged Dist | -1.41% | 1.64% | 1.07% | 7.14% | -16.92% |
EQQB.DE Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 19.04% | 6.93% | 33.67% | 51.27% | -18.68% |
Correlation
The correlation between PDSE.DE and EQQB.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.38 |
The correlation between PDSE.DE and EQQB.DE shifts across timeframes, from 0.27 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDSE.DE vs. EQQB.DE — Risk / Return Rank
PDSE.DE
EQQB.DE
PDSE.DE vs. EQQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF EUR Hedged Dist (PDSE.DE) and Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDSE.DE | EQQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.29 | -3.37 |
| Martin ratioReturn relative to average drawdown | -0.15 | 9.58 | -9.74 |
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Drawdowns
PDSE.DE vs. EQQB.DE - Drawdown Comparison
The maximum PDSE.DE drawdown since its inception was -31.94%, which is greater than EQQB.DE's maximum drawdown of -26.59%. Use the drawdown chart below to compare losses from any high point for PDSE.DE and EQQB.DE.
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Drawdown Indicators
| PDSE.DE | EQQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.94% | -26.59% | -5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -10.08% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.68% | -26.59% | +13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | — | — |
Current DrawdownCurrent decline from peak | -18.42% | -2.54% | -15.88% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -6.69% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.46% | +0.15% |
Volatility
PDSE.DE vs. EQQB.DE - Volatility Comparison
The current volatility for Invesco Preferred Shares UCITS ETF EUR Hedged Dist (PDSE.DE) is 1.43%, while Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.DE) has a volatility of 6.63%. This indicates that PDSE.DE experiences smaller price fluctuations and is considered to be less risky than EQQB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDSE.DE | EQQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 6.63% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 12.40% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 16.99% | -8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.74% | 20.06% | -9.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 20.06% | -6.74% |
PDSE.DE vs. EQQB.DE - Expense Ratio Comparison
PDSE.DE has a 0.55% expense ratio, which is higher than EQQB.DE's 0.30% expense ratio.
Dividends
PDSE.DE vs. EQQB.DE - Dividend Comparison
PDSE.DE's dividend yield for the trailing twelve months is around 5.53%, while EQQB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EQQB.DE Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDSE.DE Invesco Preferred Shares UCITS ETF EUR Hedged Dist | 5.53% | 5.23% | 5.31% | 5.27% | 5.80% | 4.50% | 4.42% | 4.58% | 3.71% |
Frequently Asked Questions
PDSE.DE and EQQB.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQB.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQB.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for PDSE.DE.
PDSE.DE is categorized as Preferred Stock/Convertible Bonds, while EQQB.DE is Nasdaq-100. PDSE.DE tracks ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index, while EQQB.DE tracks Nasdaq 100®. Their fees differ too: 0.55% for PDSE.DE and 0.30% for EQQB.DE.
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