XAAG.DE vs. EQQX.DE
XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - XAAG.DE is a Commodities fund tracking the Bloomberg Commodity ex-Agriculture and Livestock, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, XAAG.DE returned 14.95%/yr vs 19.11%/yr for EQQX.DE. At a 0.11 correlation, their price movements are largely independent. XAAG.DE charges 0.19%/yr vs 0.20%/yr for EQQX.DE.
Performance
XAAG.DE vs. EQQX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XAAG.DE achieves a 27.69% return, which is significantly higher than EQQX.DE's 21.61% return.
XAAG.DE
- 1D
- -0.56%
- 1M
- 2.26%
- YTD
- 27.69%
- 6M
- 27.75%
- 1Y
- 46.69%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
XAAG.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 14.84% | -14.76% | 23.35% | 24.33% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 26.11% |
Correlation
The correlation between XAAG.DE and EQQX.DE is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.11 |
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
XAAG.DE vs. EQQX.DE — Risk / Return Rank
XAAG.DE
EQQX.DE
XAAG.DE vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.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.
| XAAG.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.91 | +0.17 |
| Martin ratioReturn relative to average drawdown | 9.65 | 11.64 | -1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XAAG.DE | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.49 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.95 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.90 | -0.41 |
Drawdowns
XAAG.DE vs. EQQX.DE - Drawdown Comparison
The maximum XAAG.DE drawdown since its inception was -33.85%, which is greater than EQQX.DE's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for XAAG.DE and EQQX.DE.
Loading charts...
Drawdown Indicators
| XAAG.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -31.17% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -9.97% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -26.80% | +10.54% |
Max Drawdown (5Y)Largest decline over 5 years | -33.85% | -31.17% | -2.68% |
Current DrawdownCurrent decline from peak | -2.54% | 0.00% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -7.99% | -5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 3.36% | +1.53% |
Volatility
XAAG.DE vs. EQQX.DE - Volatility Comparison
Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) has a higher volatility of 4.71% compared to Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) at 4.15%. This indicates that XAAG.DE's price experiences larger fluctuations and is considered to be riskier than EQQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XAAG.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.15% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 10.89% | +7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 15.75% | +6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 19.86% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 19.79% | -1.39% |
XAAG.DE vs. EQQX.DE - Expense Ratio Comparison
XAAG.DE has a 0.19% expense ratio, which is lower than EQQX.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XAAG.DE vs. EQQX.DE - Dividend Comparison
Neither XAAG.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
XAAG.DE and EQQX.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAAG.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAAG.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for EQQX.DE.
XAAG.DE is categorized as Commodities, while EQQX.DE is Nasdaq-100. XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.19% for XAAG.DE and 0.20% for EQQX.DE.
Find the right allocation for XAAG.DE and EQQX.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