QQQ vs. VWCE.DE
QQQ (Invesco QQQ ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, QQQ returned 16.85%/yr vs 10.87%/yr for VWCE.DE. A 0.58 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.19%/yr for VWCE.DE.
Performance
QQQ vs. VWCE.DE - Performance Comparison
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Different Trading Currencies
QQQ is traded in USD, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQ achieves a 17.57% return, which is significantly higher than VWCE.DE's 10.00% return.
QQQ
- 1D
- 0.59%
- 1M
- 0.22%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 37.55%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
VWCE.DE
- 1D
- 1.71%
- 1M
- 0.00%
- YTD
- 10.00%
- 6M
- 11.71%
- 1Y
- 26.52%
- 3Y*
- 19.75%
- 5Y*
- 10.87%
- 10Y*
- —
QQQ vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 9.40% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 10.00% | 23.23% | 17.30% | 21.91% | -18.24% | 18.47% | 15.65% | 7.58% |
Correlation
The correlation between QQQ and VWCE.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.58 |
The correlation between QQQ and VWCE.DE shifts across timeframes, from 0.58 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ vs. VWCE.DE — Risk / Return Rank
QQQ
VWCE.DE
QQQ vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Vanguard FTSE All-World UCITS ETF (VWCE.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.
| QQQ | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.86 | +0.15 |
| Martin ratioReturn relative to average drawdown | 11.22 | 11.93 | -0.71 |
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Drawdowns
QQQ vs. VWCE.DE - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than VWCE.DE's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for QQQ and VWCE.DE.
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Drawdown Indicators
| QQQ | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -33.91% | -49.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -8.91% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -17.27% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -26.11% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -3.33% | -2.01% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -5.43% | -27.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.14% | +1.06% |
Volatility
QQQ vs. VWCE.DE - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.93%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 3.93% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 9.70% | +4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 12.46% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 15.33% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 17.33% | +5.05% |
QQQ vs. VWCE.DE - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than VWCE.DE's 0.19% 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
QQQ vs. VWCE.DE - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, while VWCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.39% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQ and VWCE.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.19% for VWCE.DE.
QQQ is categorized as Nasdaq-100, while VWCE.DE is Global Equities. QQQ tracks NASDAQ-100 Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.18% for QQQ and 0.19% for VWCE.DE.
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