PDSE.DE vs. EQQX.DE
PDSE.DE (Invesco Preferred Shares UCITS ETF EUR Hedged Dist) and EQQX.DE (Invesco Nasdaq-100 Swap 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 EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, PDSE.DE returned -3.94%/yr vs 16.51%/yr for EQQX.DE. At a 0.40 correlation, their price movements are largely independent. PDSE.DE charges 0.55%/yr vs 0.20%/yr for EQQX.DE.
Performance
PDSE.DE vs. EQQX.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 EQQX.DE's 19.18% 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*
- —
EQQX.DE
- 1D
- 0.00%
- 1M
- -2.00%
- 6M
- 20.51%
- YTD
- 19.18%
- 1Y
- 33.29%
- 3Y*
- 23.42%
- 5Y*
- 16.51%
- 10Y*
- —
PDSE.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PDSE.DE Invesco Preferred Shares UCITS ETF EUR Hedged Dist | -1.41% | 1.64% | 1.07% | 7.14% | -23.69% | 1.18% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 19.18% | 7.13% | 33.88% | 51.62% | -29.90% | 24.77% |
Correlation
The correlation between PDSE.DE and EQQX.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 (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.40 |
The correlation between PDSE.DE and EQQX.DE shifts across timeframes, from 0.27 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDSE.DE vs. EQQX.DE — Risk / Return Rank
PDSE.DE
EQQX.DE
PDSE.DE vs. EQQX.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 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.
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 | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.66 | -1.74 |
| Martin ratioReturn relative to average drawdown | -0.15 | 3.16 | -3.31 |
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Drawdowns
PDSE.DE vs. EQQX.DE - Drawdown Comparison
The maximum PDSE.DE drawdown since its inception was -31.94%, roughly equal to the maximum EQQX.DE drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for PDSE.DE and EQQX.DE.
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Drawdown Indicators
| PDSE.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.94% | -31.17% | -0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -20.09% | +13.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.68% | -26.80% | +14.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -31.17% | +1.50% |
Current DrawdownCurrent decline from peak | -18.42% | -2.51% | -15.91% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -8.93% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 10.54% | -6.93% |
Volatility
PDSE.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco Preferred Shares UCITS ETF EUR Hedged Dist (PDSE.DE) is 1.43%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 6.60%. This indicates that PDSE.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
| PDSE.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 6.60% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 12.32% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 27.34% | -18.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.74% | 22.18% | -11.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 21.94% | -8.62% |
PDSE.DE vs. EQQX.DE - Expense Ratio Comparison
PDSE.DE has a 0.55% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio.
Dividends
PDSE.DE vs. EQQX.DE - Dividend Comparison
PDSE.DE's dividend yield for the trailing twelve months is around 5.53%, while EQQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap 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 EQQX.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, 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 0.55% for PDSE.DE.
PDSE.DE is categorized as Preferred Stock/Convertible Bonds, while EQQX.DE is Nasdaq-100. PDSE.DE tracks ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.55% for PDSE.DE and 0.20% for EQQX.DE.
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