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XNIF.L vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XNIF.L vs. QQQ

Last updated Jun 5, 2026

XNIF.L (Xtrackers Nifty 50 Swap UCITS ETF 1C) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - XNIF.L is a Asia Pacific Equities fund tracking the MSCI India NR USD, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, XNIF.L returned 7.18%/yr vs 22.32%/yr for QQQ. At a 0.32 correlation, their price movements are largely independent. XNIF.L charges 0.85%/yr vs 0.18%/yr for QQQ.

Performance

XNIF.L vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XNIF.L is traded in GBp, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XNIF.L achieves a -16.13% return, which is significantly lower than QQQ's 16.07% return. Over the past 10 years, XNIF.L has underperformed QQQ with an annualized return of 7.18%, while QQQ has yielded a comparatively higher 22.32% annualized return.

XNIF.L

1D
1.22%
1M
-3.90%
YTD
-16.13%
6M
-16.53%
1Y
-14.54%
3Y*
-0.33%
5Y*
3.30%
10Y*
7.18%

QQQ

1D
-4.20%
1M
3.26%
YTD
16.07%
6M
12.94%
1Y
37.36%
3Y*
23.49%
5Y*
18.11%
10Y*
22.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XNIF.L vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XNIF.L
Xtrackers Nifty 50 Swap UCITS ETF 1C		-16.13%-1.71%6.70%11.98%5.08%23.10%6.44%6.11%-1.17%23.90%
QQQ
Invesco QQQ ETF		16.07%12.17%27.77%47.12%-24.56%28.63%44.26%33.67%5.80%21.19%

Correlation

The correlation between XNIF.L and QQQ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Sep 19, 2007

0.32

The correlation between XNIF.L and QQQ shifts across timeframes, from 0.21 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

XNIF.L vs. QQQ - Sectors Allocation Comparison

Sectors
XNIF.L
QQQ

Technology

22.4%
53.8%

Consumer Cyclical

19.7%
12.3%

Communication Services

17.1%
15.8%

Financial Services

11.0%
0.2%

Healthcare

11.0%
4.2%

Consumer Defensive

7.7%
7.7%

Energy

5.4%
0.6%

Basic Materials

2.6%
1.1%

Industrials

2.3%
2.8%

Utilities

0.9%
1.4%

Real Estate

-

0.1%

Technology

XNIF.L
22.4%
QQQ
53.8%

Consumer Cyclical

XNIF.L
19.7%
QQQ
12.3%

Communication Services

XNIF.L
17.1%
QQQ
15.8%

Financial Services

XNIF.L
11.0%
QQQ
0.2%

Healthcare

XNIF.L
11.0%
QQQ
4.2%

Consumer Defensive

XNIF.L
7.7%
QQQ
7.7%

Energy

XNIF.L
5.4%
QQQ
0.6%

Basic Materials

XNIF.L
2.6%
QQQ
1.1%

Industrials

XNIF.L
2.3%
QQQ
2.8%

Utilities

XNIF.L
0.9%
QQQ
1.4%

Real Estate

XNIF.L

-

QQQ
0.1%

Compare stocks, funds, or ETFs

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Xtrackers Nifty 50 Swap UCITS ETF 1C

Invesco QQQ ETF

Often compared with XNIF.L:
XNIF.L vs. FRIN.LXNIF.L vs. INDYXNIF.L vs. NFTYXNIF.L vs. ^NIFTY500XNIF.L vs. IGCXNIF.L vs. SPYXNIF.L vs. FLIN
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

XNIF.L vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XNIF.L
XNIF.L Risk / Return Rank: 22
Overall Rank
XNIF.L Sharpe Ratio Rank: 22
Sharpe Ratio Rank
XNIF.L Sortino Ratio Rank: 22
Sortino Ratio Rank
XNIF.L Omega Ratio Rank: 22
Omega Ratio Rank
XNIF.L Calmar Ratio Rank: 33
Calmar Ratio Rank
XNIF.L Martin Ratio Rank: 22
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 6262
Overall Rank
QQQ Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 5858
Sortino Ratio Rank
QQQ Omega Ratio Rank: 6262
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6060
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6363
Martin Ratio Rank
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.

XNIF.L vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) and Invesco QQQ ETF (QQQ). 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.

XNIF.LQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.96
2.37

-3.33

Sortino ratioReturn per unit of downside risk
-1.33
2.98

-4.31

Omega ratioGain probability vs. loss probability

0.85

1.42

-0.57

Calmar ratioReturn relative to maximum drawdown

-0.66

3.16

-3.82

Martin ratioReturn relative to average drawdown

-1.41

9.53

-10.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNIF.L vs. QQQ - Sharpe Ratio Comparison

The current XNIF.L Sharpe Ratio is -0.96, which is lower than the QQQ Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of XNIF.L and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XNIF.LQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.96

2.37

-3.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.86

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

1.01

-0.62

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.85

-0.60

Drawdowns

XNIF.L vs. QQQ - Drawdown Comparison

The maximum XNIF.L drawdown since its inception was -58.56%, which is greater than QQQ's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for XNIF.L and QQQ.

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Drawdown Indicators

XNIF.LQQQDifference

Max Drawdown

Largest peak-to-trough decline

-58.56%

-34.25%

-24.31%

Max Drawdown (1Y)

Largest decline over 1 year

-21.09%

-11.89%

-9.20%

Max Drawdown (3Y)

Largest decline over 3 years

-23.80%

-24.87%

+1.07%

Max Drawdown (5Y)

Largest decline over 5 years

-23.80%

-27.87%

+4.07%

Max Drawdown (10Y)

Largest decline over 10 years

-38.55%

-27.87%

-10.68%

Current Drawdown

Current decline from peak

-22.51%

-4.69%

-17.82%

Average Drawdown

Average peak-to-trough decline

-13.41%

-5.47%

-7.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.94%

3.93%

+6.01%

Volatility

XNIF.L vs. QQQ - Volatility Comparison

The current volatility for Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) is 5.56%, while Invesco QQQ ETF (QQQ) has a volatility of 5.97%. This indicates that XNIF.L experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XNIF.LQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.56%

5.97%

-0.41%

Volatility (6M)

Calculated over the trailing 6-month period

12.21%

11.77%

+0.44%

Volatility (1Y)

Calculated over the trailing 1-year period

14.57%

15.89%

-1.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.62%

21.18%

-5.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.38%

22.26%

-1.88%

XNIF.L vs. QQQ - Expense Ratio Comparison

XNIF.L has a 0.85% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

XNIF.L vs. QQQ - Dividend Comparison

XNIF.L has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.40%.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.40%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
XNIF.L
Xtrackers Nifty 50 Swap UCITS ETF 1C		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

XNIF.L and QQQ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.85% for XNIF.L.

XNIF.L is categorized as Asia Pacific Equities, while QQQ is Nasdaq-100. XNIF.L tracks MSCI India NR USD, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.85% for XNIF.L and 0.18% for QQQ.

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