SPYQ.DE vs. EQQQ.L
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - SPYQ.DE is a Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped, while EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SPYQ.DE returned 13.12%/yr vs 21.22%/yr for EQQQ.L. A 0.56 correlation means they provide meaningful diversification when combined. SPYQ.DE charges 0.18%/yr vs 0.30%/yr for EQQQ.L.
Performance
SPYQ.DE vs. EQQQ.L - Performance Comparison
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Different Trading Currencies
SPYQ.DE is traded in EUR, while EQQQ.L is traded in GBp. To make them comparable, the EQQQ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYQ.DE achieves a 7.91% return, which is significantly lower than EQQQ.L's 18.44% return. Over the past 10 years, SPYQ.DE has underperformed EQQQ.L with an annualized return of 13.12%, while EQQQ.L has yielded a comparatively higher 21.22% annualized return.
SPYQ.DE
- 1D
- 1.99%
- 1M
- 0.10%
- YTD
- 7.91%
- 6M
- 9.26%
- 1Y
- 16.59%
- 3Y*
- 18.36%
- 5Y*
- 12.57%
- 10Y*
- 13.12%
EQQQ.L
- 1D
- 2.45%
- 1M
- 1.47%
- YTD
- 18.44%
- 6M
- 19.41%
- 1Y
- 36.49%
- 3Y*
- 23.24%
- 5Y*
- 17.73%
- 10Y*
- 21.22%
SPYQ.DE vs. EQQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 7.91% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 18.44% | 5.72% | 34.75% | 50.93% | -29.38% | 38.02% | 35.54% | 42.19% | 3.35% | 15.39% |
Correlation
The correlation between SPYQ.DE and EQQQ.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.56 |
The correlation between SPYQ.DE and EQQQ.L has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
SPYQ.DE vs. EQQQ.L — Risk / Return Rank
SPYQ.DE
EQQQ.L
SPYQ.DE vs. EQQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L). 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.
| SPYQ.DE | EQQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.51 | -2.31 |
| Martin ratioReturn relative to average drawdown | 4.36 | 10.33 | -5.97 |
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Drawdowns
SPYQ.DE vs. EQQQ.L - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, smaller than the maximum EQQQ.L drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and EQQQ.L.
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Drawdown Indicators
| SPYQ.DE | EQQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -70.77% | +29.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -10.10% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -26.02% | +7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -31.44% | +2.24% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -31.44% | -10.00% |
Current DrawdownCurrent decline from peak | -3.52% | -2.76% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -14.51% | +8.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 3.44% | +0.19% |
Volatility
SPYQ.DE vs. EQQQ.L - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.20% compared to Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) at 5.35%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than EQQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYQ.DE | EQQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 5.35% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.72% | 11.42% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 15.88% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 19.88% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 19.78% | -0.17% |
SPYQ.DE vs. EQQQ.L - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is lower than EQQQ.L's 0.30% expense ratio.
Dividends
SPYQ.DE vs. EQQQ.L - Dividend Comparison
SPYQ.DE has not paid dividends to shareholders, while EQQQ.L's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.38% | 0.39% | 0.56% | 0.25% | 0.41% | 0.56% | 0.63% | 0.67% | 0.77% | 0.72% |
SPYQ.DE SPDR MSCI Europe Industrials 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
SPYQ.DE and EQQQ.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYQ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for EQQQ.L.
SPYQ.DE is categorized as Industrials Equities, while EQQQ.L is Nasdaq-100. SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while EQQQ.L tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYQ.DE and 0.30% for EQQQ.L.
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