TRFE.DE vs. EQQQ.DE
TRFE.DE (Invesco US Treasury Bond UCITS ETF EUR Hdg Dist) and EQQQ.DE (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - TRFE.DE is a Government Bonds fund tracking the Bloomberg U.S. Treasury Total Return Index, while EQQQ.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, TRFE.DE returned 1.17%/yr vs 23.37%/yr for EQQQ.DE. At a correlation of -0.01, they often move in opposite directions. TRFE.DE charges 0.10%/yr vs 0.30%/yr for EQQQ.DE.
Performance
TRFE.DE vs. EQQQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRFE.DE achieves a -1.24% return, which is significantly lower than EQQQ.DE's 19.56% return.
TRFE.DE
- 1D
- -0.16%
- 1M
- 0.24%
- 6M
- -0.59%
- YTD
- -1.24%
- 1Y
- 1.02%
- 3Y*
- 1.17%
- 5Y*
- —
- 10Y*
- —
EQQQ.DE
- 1D
- 0.51%
- 1M
- -1.64%
- 6M
- 20.93%
- YTD
- 19.56%
- 1Y
- 33.67%
- 3Y*
- 23.37%
- 5Y*
- 16.38%
- 10Y*
- 21.22%
TRFE.DE vs. EQQQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | -1.24% | 4.63% | -1.17% | 1.55% | 4.74% |
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 19.56% | 6.94% | 33.67% | 51.32% | -22.42% |
Correlation
The correlation between TRFE.DE and EQQQ.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRFE.DE vs. EQQQ.DE — Risk / Return Rank
TRFE.DE
EQQQ.DE
TRFE.DE vs. EQQQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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.
| TRFE.DE | EQQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 3.34 | -3.04 |
| Martin ratioReturn relative to average drawdown | 0.79 | 9.71 | -8.92 |
Loading charts...
Drawdowns
TRFE.DE vs. EQQQ.DE - Drawdown Comparison
The maximum TRFE.DE drawdown since its inception was -17.11%, smaller than the maximum EQQQ.DE drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for TRFE.DE and EQQQ.DE.
Loading charts...
Drawdown Indicators
| TRFE.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.11% | -60.10% | +42.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -10.05% | +6.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.46% | -26.70% | +21.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.30% | — |
Current DrawdownCurrent decline from peak | -9.71% | -2.13% | -7.58% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -12.40% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 3.46% | -2.17% |
Volatility
TRFE.DE vs. EQQQ.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) is 0.87%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) has a volatility of 6.65%. This indicates that TRFE.DE experiences smaller price fluctuations and is considered to be less risky than EQQQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRFE.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 6.65% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 12.18% | -9.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 16.73% | -12.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 19.98% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.23% | 20.44% | -9.21% |
TRFE.DE vs. EQQQ.DE - Expense Ratio Comparison
TRFE.DE has a 0.10% expense ratio, which is lower than EQQQ.DE's 0.30% expense ratio.
Dividends
TRFE.DE vs. EQQQ.DE - Dividend Comparison
TRFE.DE's dividend yield for the trailing twelve months is around 4.27%, more than EQQQ.DE's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.37% | 0.39% | 0.57% | 0.25% | 0.41% | 0.54% | 0.64% | 0.68% | 0.78% | 0.73% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | 4.27% | 4.10% | 4.30% | 3.77% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRFE.DE and EQQQ.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRFE.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for EQQQ.DE.
TRFE.DE is categorized as Government Bonds, while EQQQ.DE is Nasdaq-100. TRFE.DE tracks Bloomberg U.S. Treasury Total Return Index, while EQQQ.DE tracks NASDAQ-100 Index. Their fees differ too: 0.10% for TRFE.DE and 0.30% for EQQQ.DE.
Find the right allocation for TRFE.DE and EQQQ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer