SPYZ.DE vs. EQQQ.L
SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - SPYZ.DE is a Financials Equities fund tracking the MSCI Europe Financials 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, SPYZ.DE returned 12.24%/yr vs 21.31%/yr for EQQQ.L. At a 0.46 correlation, their price movements are largely independent. SPYZ.DE charges 0.18%/yr vs 0.30%/yr for EQQQ.L.
Performance
SPYZ.DE vs. EQQQ.L - Performance Comparison
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Different Trading Currencies
SPYZ.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, SPYZ.DE achieves a 3.30% return, which is significantly lower than EQQQ.L's 20.93% return. Over the past 10 years, SPYZ.DE has underperformed EQQQ.L with an annualized return of 12.24%, while EQQQ.L has yielded a comparatively higher 21.31% annualized return.
SPYZ.DE
- 1D
- 0.55%
- 1M
- 3.48%
- YTD
- 3.30%
- 6M
- 9.90%
- 1Y
- 22.41%
- 3Y*
- 28.74%
- 5Y*
- 19.38%
- 10Y*
- 12.24%
EQQQ.L
- 1D
- -0.71%
- 1M
- 9.43%
- YTD
- 20.93%
- 6M
- 19.57%
- 1Y
- 37.92%
- 3Y*
- 24.46%
- 5Y*
- 18.71%
- 10Y*
- 21.31%
SPYZ.DE vs. EQQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 3.30% | 48.26% | 25.23% | 21.51% | -2.51% | 28.19% | -15.32% | 24.02% | -19.59% | 12.30% |
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 20.93% | 5.72% | 34.75% | 50.93% | -29.38% | 38.02% | 35.54% | 42.19% | 3.35% | 15.39% |
Correlation
The correlation between SPYZ.DE and EQQQ.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.46 |
The correlation between SPYZ.DE and EQQQ.L shifts across timeframes, from 0.33 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYZ.DE vs. EQQQ.L — Risk / Return Rank
SPYZ.DE
EQQQ.L
SPYZ.DE vs. EQQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Financials UCITS ETF (SPYZ.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.
| SPYZ.DE | EQQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.74 | -1.92 |
| Martin ratioReturn relative to average drawdown | 6.13 | 11.17 | -5.04 |
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
| SPYZ.DE | EQQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.46 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.94 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 1.08 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.87 | -0.40 |
Drawdowns
SPYZ.DE vs. EQQQ.L - Drawdown Comparison
The maximum SPYZ.DE drawdown since its inception was -45.16%, roughly equal to the maximum EQQQ.L drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for SPYZ.DE and EQQQ.L.
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Drawdown Indicators
| SPYZ.DE | EQQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.16% | -46.23% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -10.10% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -26.02% | +9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -31.44% | +8.27% |
Max Drawdown (10Y)Largest decline over 10 years | -45.16% | -31.44% | -13.72% |
Current DrawdownCurrent decline from peak | -2.74% | -0.71% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -7.06% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 3.39% | +0.26% |
Volatility
SPYZ.DE vs. EQQQ.L - Volatility Comparison
SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) has a higher volatility of 5.19% compared to Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) at 3.86%. This indicates that SPYZ.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
| SPYZ.DE | EQQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 3.86% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 10.67% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 15.37% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 19.81% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 19.73% | +1.55% |
SPYZ.DE vs. EQQQ.L - Expense Ratio Comparison
SPYZ.DE has a 0.18% expense ratio, which is lower than EQQQ.L's 0.30% expense ratio.
Dividends
SPYZ.DE vs. EQQQ.L - Dividend Comparison
SPYZ.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% |
SPYZ.DE SPDR MSCI Europe Financials 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
SPYZ.DE and EQQQ.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYZ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYZ.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for EQQQ.L.
SPYZ.DE is categorized as Financials Equities, while EQQQ.L is Nasdaq-100. SPYZ.DE tracks MSCI Europe Financials 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 SPYZ.DE and 0.30% for EQQQ.L.
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