PSWD.DE vs. EQQX.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - PSWD.DE is a Global Equities fund tracking the FTSE RAFI All-World 3000, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, PSWD.DE returned 13.34%/yr vs 19.11%/yr for EQQX.DE. A 0.65 correlation means they provide meaningful diversification when combined. PSWD.DE charges 0.39%/yr vs 0.20%/yr for EQQX.DE.
Performance
PSWD.DE vs. EQQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD.DE achieves a 16.46% return, which is significantly lower than EQQX.DE's 21.61% return.
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
EQQX.DE
- 1D
- 0.11%
- 1M
- 10.15%
- YTD
- 21.61%
- 6M
- 20.44%
- 1Y
- 39.08%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
PSWD.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 13.69% |
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 PSWD.DE and EQQX.DE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.65 |
The correlation between PSWD.DE and EQQX.DE has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
PSWD.DE vs. EQQX.DE — Risk / Return Rank
PSWD.DE
EQQX.DE
PSWD.DE vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| PSWD.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.44 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 3.91 | +1.65 |
| Martin ratioReturn relative to average drawdown | 22.39 | 11.64 | +10.75 |
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
| PSWD.DE | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.49 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.95 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.90 | -0.22 |
Drawdowns
PSWD.DE vs. EQQX.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, 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 PSWD.DE and EQQX.DE.
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Drawdown Indicators
| PSWD.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -31.17% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -9.97% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -26.80% | +8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -31.17% | +12.98% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -7.99% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 3.36% | -1.90% |
Volatility
PSWD.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) is 3.08%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 4.15%. This indicates that PSWD.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
| PSWD.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.15% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 10.89% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 15.75% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 19.86% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 19.79% | -4.60% |
PSWD.DE vs. EQQX.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio.
Dividends
PSWD.DE vs. EQQX.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, while EQQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
PSWD.DE and EQQX.DE have a correlation of 0.64, 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 0.39% for PSWD.DE.
PSWD.DE is categorized as Global Equities, while EQQX.DE is Nasdaq-100. PSWD.DE tracks FTSE RAFI All-World 3000, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.39% for PSWD.DE and 0.20% for EQQX.DE.
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