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EQGB.L vs. EQQX.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQGB.L vs. EQQX.DE

Last updated Jun 5, 2026

EQGB.L (Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both Nasdaq-100 funds from Invesco - EQGB.L tracks the NASDAQ-100 Index while EQQX.DE tracks the Nasdaq 100®. Both are passively managed. Over the past 5 years, EQGB.L returned 16.35%/yr vs 19.25%/yr for EQQX.DE. Their correlation of 0.86 suggests significant overlap in exposure. EQGB.L charges 0.35%/yr vs 0.20%/yr for EQQX.DE.

Performance

EQGB.L vs. EQQX.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EQGB.L is traded in GBp, while EQQX.DE is traded in EUR. To make them comparable, the EQQX.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, EQGB.L achieves a 18.86% return, which is significantly lower than EQQX.DE's 20.51% return.

EQGB.L

1D
-0.71%
1M
6.77%
YTD
18.86%
6M
17.87%
1Y
38.00%
3Y*
27.25%
5Y*
16.35%
10Y*
—

EQQX.DE

1D
0.19%
1M
8.86%
YTD
20.51%
6M
18.47%
1Y
41.88%
3Y*
25.65%
5Y*
19.25%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EQGB.L vs. EQQX.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
EQGB.L
Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc		18.86%19.59%26.12%53.92%-35.07%17.99%
EQQX.DE
Invesco Nasdaq-100 Swap UCITS ETF Acc		20.51%12.71%28.04%48.59%-26.06%21.66%

Correlation

The correlation between EQGB.L and EQQX.DE is 0.86, 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

0.86

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

0.85

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

0.86

Correlation (All Time)
Calculated using the full available price history since Apr 15, 2021

0.86

The correlation between EQGB.L and EQQX.DE has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

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Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc

Invesco Nasdaq-100 Swap UCITS ETF Acc

Often compared with EQGB.L:
EQGB.L vs. EQQQ.LEQGB.L vs. CNX1.LEQGB.L vs. VWRP.LEQGB.L vs. QQQEQGB.L vs. XNAQ.LEQGB.L vs. WLDS.LEQGB.L vs. INTL.L
Often compared with EQQX.DE:
EQQX.DE vs. QQQMEQQX.DE vs. EQQQ.DEEQQX.DE vs. SXRV.DEEQQX.DE vs. MAGSEQQX.DE vs. SC0J.DEEQQX.DE vs. SCHGEQQX.DE vs. CNX1.L

Return for Risk

EQGB.L vs. EQQX.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQGB.L
EQGB.L Risk / Return Rank: 7373
Overall Rank
EQGB.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
EQGB.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
EQGB.L Omega Ratio Rank: 7272
Omega Ratio Rank
EQGB.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
EQGB.L Martin Ratio Rank: 6868
Martin Ratio Rank
EQQX.DE
EQQX.DE Risk / Return Rank: 7474
Overall Rank
EQQX.DE Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EQQX.DE Sortino Ratio Rank: 7474
Sortino Ratio Rank
EQQX.DE Omega Ratio Rank: 7575
Omega Ratio Rank
EQQX.DE Calmar Ratio Rank: 7878
Calmar Ratio Rank
EQQX.DE Martin Ratio Rank: 6565
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.

EQGB.L vs. EQQX.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.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.

EQGB.LEQQX.DEDifference
Sharpe ratioReturn per unit of total volatility
2.46
2.83

-0.36

Sortino ratioReturn per unit of downside risk
3.41
3.71

-0.30

Omega ratioGain probability vs. loss probability

1.42

1.49

-0.07

Calmar ratioReturn relative to maximum drawdown

3.44

3.90

-0.46

Martin ratioReturn relative to average drawdown

12.32

11.37

+0.95

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

EQGB.L vs. EQQX.DE - Sharpe Ratio Comparison

The current EQGB.L Sharpe Ratio is 2.46, which is comparable to the EQQX.DE Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of EQGB.L and EQQX.DE, 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

EQGB.LEQQX.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.83

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.98

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.91

0.00

Drawdowns

EQGB.L vs. EQQX.DE - Drawdown Comparison

The maximum EQGB.L drawdown since its inception was -36.77%, which is greater than EQQX.DE's maximum drawdown of -27.54%. Use the drawdown chart below to compare losses from any high point for EQGB.L and EQQX.DE.

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Drawdown Indicators

EQGB.LEQQX.DEDifference

Max Drawdown

Largest peak-to-trough decline

-36.77%

-27.54%

-9.23%

Max Drawdown (1Y)

Largest decline over 1 year

-11.33%

-10.97%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-22.76%

-25.22%

+2.46%

Max Drawdown (5Y)

Largest decline over 5 years

-36.77%

-27.54%

-9.23%

Current Drawdown

Current decline from peak

-0.81%

0.00%

-0.81%

Average Drawdown

Average peak-to-trough decline

-7.52%

-7.18%

-0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

3.77%

-0.60%

Volatility

EQGB.L vs. EQQX.DE - Volatility Comparison

Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) has a higher volatility of 4.92% compared to Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) at 4.45%. This indicates that EQGB.L's price experiences larger fluctuations and is considered to be riskier than EQQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQGB.LEQQX.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.92%

4.45%

+0.47%

Volatility (6M)

Calculated over the trailing 6-month period

11.88%

10.61%

+1.27%

Volatility (1Y)

Calculated over the trailing 1-year period

15.81%

15.20%

+0.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.95%

19.42%

+1.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.25%

19.42%

+1.83%

EQGB.L vs. EQQX.DE - Expense Ratio Comparison

EQGB.L has a 0.35% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio.

Dividends

EQGB.L vs. EQQX.DE - Dividend Comparison

Neither EQGB.L nor EQQX.DE has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
EQGB.L
Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%
EQQX.DE
Invesco Nasdaq-100 Swap UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EQGB.L and EQQX.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EQQX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for EQGB.L.

EQGB.L tracks NASDAQ-100 Index, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.35% for EQGB.L and 0.20% for EQQX.DE.

Portfolio Optimizer

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