EQQQ vs VWCE: returns, risk and drawdowns compared
Invesco EQQQ Nasdaq-100 UCITS ETF (Dist) against Vanguard FTSE All-World UCITS ETF (Acc), over the same 7 years (August 2019 to October 2026) with dividends reinvested.
Data updated October 2026
From August 2019 to October 2026, EQQQ returned 19.8% a year and VWCE 12.8% a year on average, so EQQQ came out ahead by 7.0% a year. EQQQ was the more volatile of the two (19.3% against 13.1% a year), and the deepest falls from a month-end high were 30.5% for EQQQ and 19.1% for VWCE.
The correlation of monthly returns was 0.85: they usually moved together. Over 52 rolling 3-year periods, EQQQ did better in 100% and VWCE in 0%.
Side by side
| EQQQ | VWCE | |
|---|---|---|
| Annual return (CAGR) | +19.8% | +12.8% |
| Total return | +270% | +139% |
| Annual volatility | 19.3% | 13.1% |
| Maximum drawdown (month-end) | −30.5% | −19.1% |
| Worst month | −11.2% | −11.3% |
| Best month | +13.7% | +9.4% |
| Positive months | 62% | 63% |
| Best year | 2023: +49.3% | 2021: +28.6% |
| Worst year | 2022: −30.6% | 2022: −13.5% |
| 1-year return | +26.0% | +22.0% |
| 5 years, a year | +15.0% | +11.5% |
| 10 years, a year | +19.6% | — |
| Trading currency | EUR | EUR |
First nine rows: the same 87 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: EQQQ vs VWCE
Returns by calendar year
| Year | EQQQ | VWCE |
|---|---|---|
| 2025 | +6.5% | +9.2% |
| 2024 | +34.8% | +24.4% |
| 2023 | +49.3% | +18.2% |
| 2022 | −30.6% | −13.5% |
| 2021 | +39.5% | +28.6% |
| 2020 | +34.8% | +5.4% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, EQQQ or VWCE?
From August 2019 to October 2026, EQQQ returned +19.8% a year and VWCE +12.8% a year, with dividends reinvested. Over rolling 3-year periods EQQQ did better in 100% of cases. Past returns do not predict future returns.
Which is riskier, EQQQ or VWCE?
Over the same months annual volatility was 19.3% for EQQQ and 13.1% for VWCE; the deepest fall from a month-end high was 30.5% and 19.1%, and the worst single month −11.2% and −11.3%.
How correlated are EQQQ and VWCE?
The correlation of their monthly returns was 0.85: they usually moved together. Combining them has historically given some diversification.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.