SMLK.DE vs. EQQB.DE
SMLK.DE (Invesco S&P SmallCap 600 UCITS ETF A) and EQQB.DE (Invesco EQQQ Nasdaq-100 UCITS ETF Acc) are both exchange-traded funds - SMLK.DE is a Small Cap Blend Equities fund tracking the S&P SmallCap 600, while EQQB.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 3 years, SMLK.DE returned 12.46%/yr vs 24.52%/yr for EQQB.DE. A 0.58 correlation means they provide meaningful diversification when combined. SMLK.DE charges 0.14%/yr vs 0.30%/yr for EQQB.DE.
Performance
SMLK.DE vs. EQQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLK.DE achieves a 15.73% return, which is significantly lower than EQQB.DE's 20.54% return.
SMLK.DE
- 1D
- 0.95%
- 1M
- 2.49%
- YTD
- 15.73%
- 6M
- 16.04%
- 1Y
- 31.03%
- 3Y*
- 12.46%
- 5Y*
- 6.92%
- 10Y*
- —
EQQB.DE
- 1D
- -0.82%
- 1M
- 9.26%
- YTD
- 20.54%
- 6M
- 19.36%
- 1Y
- 37.75%
- 3Y*
- 24.52%
- 5Y*
- —
- 10Y*
- —
SMLK.DE vs. EQQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 15.73% | -4.02% | 13.30% | 13.97% | -4.52% |
EQQB.DE Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 20.54% | 6.93% | 33.67% | 51.27% | -17.63% |
Correlation
The correlation between SMLK.DE and EQQB.DE 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.58 |
The correlation between SMLK.DE and EQQB.DE has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
SMLK.DE vs. EQQB.DE — Risk / Return Rank
SMLK.DE
EQQB.DE
SMLK.DE vs. EQQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 UCITS ETF A (SMLK.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.
| SMLK.DE | EQQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 3.73 | +1.29 |
| Martin ratioReturn relative to average drawdown | 14.18 | 11.10 | +3.08 |
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
| SMLK.DE | EQQB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.39 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.97 | -0.63 |
Drawdowns
SMLK.DE vs. EQQB.DE - Drawdown Comparison
The maximum SMLK.DE drawdown since its inception was -32.69%, 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 SMLK.DE and EQQB.DE.
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Drawdown Indicators
| SMLK.DE | EQQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -26.59% | -6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -10.08% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -32.69% | -26.59% | -6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.82% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -6.77% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 3.39% | -1.21% |
Volatility
SMLK.DE vs. EQQB.DE - Volatility Comparison
The current volatility for Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) is 4.06%, while Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.DE) has a volatility of 4.38%. This indicates that SMLK.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
| SMLK.DE | EQQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.38% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 10.99% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 15.73% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 19.97% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 19.97% | +0.01% |
SMLK.DE vs. EQQB.DE - Expense Ratio Comparison
SMLK.DE has a 0.14% expense ratio, which is lower than EQQB.DE's 0.30% expense ratio.
Dividends
SMLK.DE vs. EQQB.DE - Dividend Comparison
Neither SMLK.DE nor EQQB.DE has paid dividends to shareholders.
Frequently Asked Questions
SMLK.DE and EQQB.DE 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.
On fees, SMLK.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLK.DE is cheaper with a 0.14% expense ratio, compared with 0.30% for EQQB.DE.
SMLK.DE is categorized as Small Cap Blend Equities, while EQQB.DE is Nasdaq-100. SMLK.DE tracks S&P SmallCap 600, while EQQB.DE tracks Nasdaq 100®. Their fees differ too: 0.14% for SMLK.DE and 0.30% for EQQB.DE.
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