TDT.AS vs. EQQQ.L

Last updated Jun 5, 2026

TDT.AS (VanEck AEX UCITS ETF) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - TDT.AS is a Europe Equities fund tracking the Euronext AEX All Share TR EUR, while EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, TDT.AS returned 11.70%/yr vs 21.31%/yr for EQQQ.L. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

TDT.AS vs. EQQQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck AEX UCITS ETF (TDT.AS) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TDT.AS 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, TDT.AS achieves a 11.73% return, which is significantly lower than EQQQ.L's 20.93% return. Over the past 10 years, TDT.AS has underperformed EQQQ.L with an annualized return of 11.70%, while EQQQ.L has yielded a comparatively higher 21.31% annualized return.

TDT.AS

• 1D: 0.21%
• 1M: 3.97%
• YTD: 11.73%
• 6M: 11.77%
• 1Y: 15.84%
• 3Y*: 13.79%
• 5Y*: 10.32%
• 10Y*: 11.70%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDT.AS vs. EQQQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDT.AS VanEck AEX UCITS ETF	11.73%	10.57%	14.47%	16.93%	-12.00%	30.49%	5.32%	28.01%	-7.60%	16.18%
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 TDT.AS and EQQQ.L is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009	0.60

The correlation between TDT.AS and EQQQ.L has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.

Return for Risk

TDT.AS vs. EQQQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TDT.AS

TDT.AS Risk / Return Rank: 36
TDT.AS Sharpe Ratio Rank: 33
TDT.AS Sortino Ratio Rank: 32
TDT.AS Omega Ratio Rank: 32
TDT.AS Calmar Ratio Rank: 46
TDT.AS Martin Ratio Rank: 37

EQQQ.L

EQQQ.L Risk / Return Rank: 78
EQQQ.L Sharpe Ratio Rank: 86
EQQQ.L Sortino Ratio Rank: 84
EQQQ.L Omega Ratio Rank: 83
EQQQ.L Calmar Ratio Rank: 76
EQQQ.L Martin Ratio Rank: 63

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.

TDT.AS vs. EQQQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck AEX UCITS ETF (TDT.AS) 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.

	TDT.AS	EQQQ.L	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.46	-1.28
Sortino ratio: Return per unit of downside risk	1.71	3.27	-1.56
Omega ratio: Gain probability vs. loss probability	1.21	1.43	-0.22
Calmar ratio: Return relative to maximum drawdown	2.23	3.74	-1.50
Martin ratio: Return relative to average drawdown	5.59	11.17	-5.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDT.AS vs. EQQQ.L - Sharpe Ratio Comparison

The current TDT.AS Sharpe Ratio is 1.17, which is lower than the EQQQ.L Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of TDT.AS and EQQQ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDT.AS	EQQQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.46	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.94	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	1.08	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.87	-0.27

Drawdowns

TDT.AS vs. EQQQ.L - Drawdown Comparison

The maximum TDT.AS drawdown since its inception was -35.61%, smaller than the maximum EQQQ.L drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for TDT.AS and EQQQ.L.

Drawdown Indicators

	TDT.AS	EQQQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.61%	-46.23%	+10.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-10.10%	+3.10%
Max Drawdown (3Y) Largest decline over 3 years	-15.87%	-26.02%	+10.15%
Max Drawdown (5Y) Largest decline over 5 years	-22.17%	-31.44%	+9.27%
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	-31.44%	-4.17%
Current Drawdown Current decline from peak	-0.52%	-0.71%	+0.19%
Average Drawdown Average peak-to-trough decline	-5.63%	-7.06%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	3.39%	-0.58%

Volatility

TDT.AS vs. EQQQ.L - Volatility Comparison

VanEck AEX UCITS ETF (TDT.AS) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) have volatilities of 3.79% and 3.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDT.AS	EQQQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.86%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	10.67%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	15.37%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	19.81%	-4.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	19.73%	-3.51%

TDT.AS vs. EQQQ.L - Expense Ratio Comparison

Both TDT.AS and EQQQ.L have an expense ratio of 0.30%.

Dividends

TDT.AS vs. EQQQ.L - Dividend Comparison

TDT.AS's dividend yield for the trailing twelve months is around 2.02%, more than EQQQ.L's 0.23% yield.

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%
TDT.AS VanEck AEX UCITS ETF	2.02%	2.28%	2.40%	2.24%	2.32%	1.69%	1.75%	3.24%	3.37%	3.04%	3.28%	2.54%

Frequently Asked Questions

Can I hold both TDT.AS and EQQQ.L in my portfolio?

TDT.AS and EQQQ.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDT.AS or EQQQ.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDT.AS or EQQQ.L?

TDT.AS and EQQQ.L have the same expense ratio: 0.30% per year.

What is the main difference between TDT.AS and EQQQ.L?

TDT.AS is categorized as Europe Equities, while EQQQ.L is Nasdaq-100. TDT.AS tracks Euronext AEX All Share TR EUR, while EQQQ.L tracks NASDAQ-100 Index. They also come from different issuers: VanEck and Invesco.