Underlying Index Performance: EQQX tracks the MSCI World Quality Index. The performance of the constituents of this index, mainly global large and mid-cap stocks exhibiting quality characteristics, directly impacts the ETF's price.

Supply and Demand: Market demand for EQQX units relative to their supply influences its price. Higher demand tends to increase the price, while increased supply relative to demand can lower it.

Currency Fluctuations: As EQQX trades in EUR on the XETRA exchange, currency fluctuations between EUR and the currencies of the underlying assets can affect its price. For example, a stronger EUR versus USD can lower the ETF's price.

Expense Ratio: The ETF's expense ratio, while small, reduces the overall return and therefore can impact the price over the long term.

Market Sentiment: Broad market sentiment and investor risk appetite can influence investment flows into or out of EQQX, thereby affecting its price.

Interest Rates: Changes in interest rates can impact the valuations of the underlying companies in the index and consequently the ETF's price. Higher interest rates may lead to lower valuations.

Economic Conditions: Global economic growth, inflation, and other macroeconomic factors can influence the earnings and valuations of the companies held in the index, which in turn affects the ETF's price.

Dividend Payments: Dividend payments from the underlying stocks, after accounting for withholding taxes and ETF expenses, impact the ETF's net asset value (NAV) and subsequently its price.

Trading Activity and Liquidity: High trading volumes and liquidity generally lead to tighter bid-ask spreads and more efficient price discovery for EQQX. Lower liquidity can result in wider spreads and potentially impact the price.