ZPRC.DE vs. EQQQ.DE
ZPRC.DE (SPDR Refinitiv Global Convertible Bond UCITS ETF) and EQQQ.DE (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - ZPRC.DE is a Convertible Bonds fund tracking the Refinitiv Qualified Global Convertible, while EQQQ.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, ZPRC.DE returned 8.83%/yr vs 21.28%/yr for EQQQ.DE. A 0.73 correlation means they provide meaningful diversification when combined. ZPRC.DE charges 0.50%/yr vs 0.30%/yr for EQQQ.DE.
Performance
ZPRC.DE vs. EQQQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRC.DE achieves a 19.28% return, which is significantly lower than EQQQ.DE's 20.52% return. Over the past 10 years, ZPRC.DE has underperformed EQQQ.DE with an annualized return of 8.83%, while EQQQ.DE has yielded a comparatively higher 21.28% annualized return.
ZPRC.DE
- 1D
- -0.38%
- 1M
- 4.36%
- YTD
- 19.28%
- 6M
- 19.64%
- 1Y
- 33.40%
- 3Y*
- 16.27%
- 5Y*
- 7.58%
- 10Y*
- 8.83%
EQQQ.DE
- 1D
- -0.85%
- 1M
- 7.99%
- YTD
- 20.52%
- 6M
- 18.72%
- 1Y
- 37.03%
- 3Y*
- 24.54%
- 5Y*
- 18.69%
- 10Y*
- 21.28%
ZPRC.DE vs. EQQQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 19.28% | 11.36% | 13.71% | 10.51% | -15.60% | 5.44% | 24.70% | 16.78% | -1.19% | -1.51% |
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 20.52% | 6.94% | 33.67% | 51.32% | -30.10% | 39.43% | 34.58% | 42.87% | 3.12% | 15.81% |
Correlation
The correlation between ZPRC.DE and EQQQ.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.73 |
The correlation between ZPRC.DE and EQQQ.DE has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
ZPRC.DE vs. EQQQ.DE — Risk / Return Rank
ZPRC.DE
EQQQ.DE
ZPRC.DE vs. EQQQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.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.
| ZPRC.DE | EQQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.42 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | 3.74 | +3.24 |
| Martin ratioReturn relative to average drawdown | 25.17 | 11.10 | +14.07 |
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
| ZPRC.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.93 | 2.40 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.93 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 1.08 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.80 | +0.01 |
Drawdowns
ZPRC.DE vs. EQQQ.DE - Drawdown Comparison
The maximum ZPRC.DE drawdown since its inception was -23.49%, smaller than the maximum EQQQ.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for ZPRC.DE and EQQQ.DE.
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Drawdown Indicators
| ZPRC.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -47.04% | +23.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.80% | -10.05% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.00% | -26.70% | +13.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -31.30% | +10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -23.49% | -31.30% | +7.81% |
Current DrawdownCurrent decline from peak | -0.38% | -0.85% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -7.35% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 3.39% | -2.06% |
Volatility
ZPRC.DE vs. EQQQ.DE - Volatility Comparison
The current volatility for SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) is 3.94%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) has a volatility of 4.26%. This indicates that ZPRC.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.
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Volatility by Period
| ZPRC.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 4.26% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 10.90% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 15.64% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.54% | 19.84% | -9.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 19.65% | -8.89% |
ZPRC.DE vs. EQQQ.DE - Expense Ratio Comparison
ZPRC.DE has a 0.50% expense ratio, which is higher than EQQQ.DE's 0.30% expense ratio.
Dividends
ZPRC.DE vs. EQQQ.DE - Dividend Comparison
ZPRC.DE's dividend yield for the trailing twelve months is around 0.57%, 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% |
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 0.57% | 0.68% | 0.46% | 0.23% | 0.24% | 0.16% | 0.32% | 0.41% | 0.36% | 0.51% | 0.61% | 0.69% |
Frequently Asked Questions
ZPRC.DE and EQQQ.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQQ.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQQ.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for ZPRC.DE.
ZPRC.DE is categorized as Convertible Bonds, while EQQQ.DE is Nasdaq-100. ZPRC.DE tracks Refinitiv Qualified Global Convertible, while EQQQ.DE tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.50% for ZPRC.DE and 0.30% for EQQQ.DE.
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