EQAC.MI vs. CSPX.AS
EQAC.MI (Invesco EQQQ NASDAQ-100 UCITS ETF Acc) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - EQAC.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, EQAC.MI returned 18.68%/yr vs 14.23%/yr for CSPX.AS. Their correlation of 0.87 suggests significant overlap in exposure. EQAC.MI charges 0.30%/yr vs 0.07%/yr for CSPX.AS.
Performance
EQAC.MI vs. CSPX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, EQAC.MI achieves a 20.38% return, which is significantly higher than CSPX.AS's 9.99% return.
EQAC.MI
- 1D
- -0.78%
- 1M
- 4.82%
- YTD
- 20.38%
- 6M
- 21.79%
- 1Y
- 38.55%
- 3Y*
- 24.54%
- 5Y*
- 18.68%
- 10Y*
- —
CSPX.AS
- 1D
- 1.55%
- 1M
- 1.57%
- YTD
- 9.99%
- 6M
- 11.11%
- 1Y
- 24.46%
- 3Y*
- 17.93%
- 5Y*
- 14.23%
- 10Y*
- 14.86%
EQAC.MI vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EQAC.MI Invesco EQQQ NASDAQ-100 UCITS ETF Acc | 20.38% | 6.78% | 35.08% | 50.29% | -30.28% | 40.00% | 35.43% | 6.47% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 9.99% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 5.04% |
Correlation
The correlation between EQAC.MI and CSPX.AS is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019 | 0.87 |
The correlation between EQAC.MI and CSPX.AS has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
EQAC.MI vs. CSPX.AS — Risk / Return Rank
EQAC.MI
CSPX.AS
EQAC.MI vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) and iShares Core S&P 500 UCITS ETF (CSPX.AS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EQAC.MI | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.40 | +0.39 |
| Martin ratioReturn relative to average drawdown | 11.32 | 12.02 | -0.70 |
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Drawdowns
EQAC.MI vs. CSPX.AS - Drawdown Comparison
The maximum EQAC.MI drawdown since its inception was -30.96%, smaller than the maximum CSPX.AS drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for EQAC.MI and CSPX.AS.
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Drawdown Indicators
| EQAC.MI | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -33.65% | +2.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -7.11% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -26.69% | -23.37% | -3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -23.37% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.65% | — |
Current DrawdownCurrent decline from peak | -0.78% | -1.76% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -3.74% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.02% | +1.32% |
Volatility
EQAC.MI vs. CSPX.AS - Volatility Comparison
Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) has a higher volatility of 4.33% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 3.07%. This indicates that EQAC.MI's price experiences larger fluctuations and is considered to be riskier than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQAC.MI | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.07% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 7.76% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 11.53% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 15.18% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.22% | 16.07% | +5.15% |
EQAC.MI vs. CSPX.AS - Expense Ratio Comparison
EQAC.MI has a 0.30% expense ratio, which is higher than CSPX.AS's 0.07% expense ratio.
Dividends
EQAC.MI vs. CSPX.AS - Dividend Comparison
Neither EQAC.MI nor CSPX.AS has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, EQAC.MI and CSPX.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.30% for EQAC.MI.
EQAC.MI is categorized as Nasdaq-100, while CSPX.AS is S&P 500. EQAC.MI tracks NASDAQ-100 Index, while CSPX.AS tracks S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for EQAC.MI and 0.07% for CSPX.AS.
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