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QQQ vs. EPU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. EPU

Last updated Jun 16, 2026

QQQ (Invesco QQQ ETF) and EPU (iShares MSCI Peru ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index. Both are passively managed. Over the past 10 years, QQQ returned 22.31%/yr vs 15.10%/yr for EPU. At a 0.43 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 0.59%/yr for EPU.

Performance

QQQ vs. EPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and iShares MSCI Peru ETF (EPU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQQ achieves a 21.26% return, which is significantly lower than EPU's 22.98% return. Over the past 10 years, QQQ has outperformed EPU with an annualized return of 22.31%, while EPU has yielded a comparatively lower 15.10% annualized return.

QQQ

1D
3.14%
1M
4.95%
YTD
21.26%
6M
22.17%
1Y
41.87%
3Y*
27.20%
5Y*
17.59%
10Y*
22.31%

EPU

1D
1.62%
1M
11.20%
YTD
22.98%
6M
29.01%
1Y
88.50%
3Y*
46.17%
5Y*
30.02%
10Y*
15.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. EPU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQ
Invesco QQQ ETF		21.26%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%
EPU
iShares MSCI Peru ETF		22.98%86.87%21.73%25.34%2.05%-11.81%-4.31%7.30%-12.17%29.70%

Correlation

The correlation between QQQ and EPU is 0.52, 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

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2009

0.43

The correlation between QQQ and EPU shifts across timeframes, from 0.41 (10 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.

QQQ vs. EPU - Sectors Allocation Comparison

Sectors
QQQ
EPU

Technology

58.7%

-

Communication Services

14.3%
1.5%

Consumer Cyclical

11.4%
4.1%

Consumer Defensive

6.4%
3.0%

Healthcare

3.7%
0.9%

Industrials

2.6%
2.6%

Utilities

1.2%
2.8%

Basic Materials

1.0%
54.2%

Energy

0.5%

-

Financial Services

0.2%
27.9%

Real Estate

0.1%
3.0%

Technology

QQQ
58.7%
EPU

-

Communication Services

QQQ
14.3%
EPU
1.5%

Consumer Cyclical

QQQ
11.4%
EPU
4.1%

Consumer Defensive

QQQ
6.4%
EPU
3.0%

Healthcare

QQQ
3.7%
EPU
0.9%

Industrials

QQQ
2.6%
EPU
2.6%

Utilities

QQQ
1.2%
EPU
2.8%

Basic Materials

QQQ
1.0%
EPU
54.2%

Energy

QQQ
0.5%
EPU

-

Financial Services

QQQ
0.2%
EPU
27.9%

Real Estate

QQQ
0.1%
EPU
3.0%

Compare stocks, funds, or ETFs

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Invesco QQQ ETF

iShares MSCI Peru ETF

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI
Often compared with EPU:
EPU vs. ECHEPU vs. ILFEPU vs. ARGTEPU vs. EISEPU vs. EVXEPU vs. EWSEPU vs. EPI

Return for Risk

QQQ vs. EPU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7979
Overall Rank
QQQ Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7979
Sortino Ratio Rank
QQQ Omega Ratio Rank: 8181
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7676
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7676
Martin Ratio Rank
EPU
EPU Risk / Return Rank: 8282
Overall Rank
EPU Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EPU Sortino Ratio Rank: 8181
Sortino Ratio Rank
EPU Omega Ratio Rank: 8383
Omega Ratio Rank
EPU Calmar Ratio Rank: 8585
Calmar Ratio Rank
EPU Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQ vs. EPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares MSCI Peru ETF (EPU). 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.

QQQEPUDifference
Sharpe ratioReturn per unit of total volatility
2.42
2.87

-0.45

Sortino ratioReturn per unit of downside risk
3.12
3.25

-0.13

Omega ratioGain probability vs. loss probability

1.42

1.45

-0.02

Calmar ratioReturn relative to maximum drawdown

3.52

4.27

-0.75

Martin ratioReturn relative to average drawdown

13.12

12.29

+0.83

QQQ vs. EPU - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.42, which is comparable to the EPU Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of QQQ and EPU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQ vs. EPU - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than EPU's maximum drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for QQQ and EPU.

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Drawdown Indicators

QQQEPUDifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-60.62%

-22.35%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-20.85%

+8.89%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-20.85%

-1.92%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-35.59%

+0.47%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

-50.97%

+15.85%

Current Drawdown

Current decline from peak

-0.29%

-5.18%

+4.89%

Average Drawdown

Average peak-to-trough decline

-32.75%

-18.81%

-13.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

7.22%

-4.02%

Volatility

QQQ vs. EPU - Volatility Comparison

The current volatility for Invesco QQQ ETF (QQQ) is 8.14%, while iShares MSCI Peru ETF (EPU) has a volatility of 13.56%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than EPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQEPUDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.14%

13.56%

-5.42%

Volatility (6M)

Calculated over the trailing 6-month period

14.12%

26.92%

-12.80%

Volatility (1Y)

Calculated over the trailing 1-year period

17.43%

31.12%

-13.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.59%

25.09%

-2.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.41%

23.64%

-1.23%

QQQ vs. EPU - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than EPU's 0.59% expense ratio.

Dividends

QQQ vs. EPU - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.38%, less than EPU's 2.97% yield.

PositionTTM20252024202320222021202020192018201720162015
EPU
iShares MSCI Peru ETF		2.97%1.63%5.78%4.17%5.56%3.13%1.91%2.67%1.53%3.30%0.85%1.90%
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

QQQ and EPU have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPU has higher volatility (13.56%) compared to QQQ (8.14%). In terms of maximum drawdown, QQQ dropped -82.97% vs EPU's -60.62%.

On 10-year performance, QQQ leads with 22.31% vs 15.10% for EPU. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 8.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 22.31% return vs 15.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.59% for EPU.

EPU has the higher dividend yield at 2.97%, compared with 0.38% for QQQ.

QQQ is categorized as Nasdaq-100, while EPU is Mid Cap Blend Equities. QQQ tracks NASDAQ-100 Index, while EPU tracks MSCI All Peru Capped Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for QQQ and 0.59% for EPU.

EPU currently has the higher Sharpe Ratio (2.87 vs 2.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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