EQGB.L vs. X7PP.L

Last updated Jun 26, 2026

EQGB.L (Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc) and X7PP.L (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - EQGB.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while X7PP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, EQGB.L returned 14.54%/yr vs 29.87%/yr for X7PP.L. At a 0.38 correlation, their price movements are largely independent. EQGB.L charges 0.35%/yr vs 0.20%/yr for X7PP.L.

Performance

EQGB.L vs. X7PP.L - 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 European Banks Sector UCITS ETF (X7PP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQGB.L achieves a 14.75% return, which is significantly higher than X7PP.L's 13.13% return.

EQGB.L

• 1D: -0.41%
• 1M: -1.99%
• YTD: 14.75%
• 6M: 14.00%
• 1Y: 31.13%
• 3Y*: 25.22%
• 5Y*: 14.54%
• 10Y*: —

X7PP.L

• 1D: 0.61%
• 1M: 6.93%
• YTD: 13.13%
• 6M: 13.64%
• 1Y: 53.47%
• 3Y*: 46.70%
• 5Y*: 29.87%
• 10Y*: 17.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EQGB.L vs. X7PP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc	14.75%	19.59%	26.12%	53.92%	-35.07%	27.68%	45.43%	41.84%	-2.42%	5.20%
X7PP.L Invesco European Banks Sector UCITS ETF	13.13%	87.77%	27.07%	23.27%	6.04%	29.16%	-18.50%	8.33%	-26.15%	0.23%

Correlation

The correlation between EQGB.L and X7PP.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017	0.38

EQGB.L vs. X7PP.L - Sectors Allocation Comparison

Sectors	EQGB.L	X7PP.L
Technology	58.5%	-
Communication Services	14.3%	-
Consumer Cyclical	11.4%	-
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.8%	-
Utilities	1.2%	-
Basic Materials	1.0%	-
Energy	0.5%	-
Financial Services	0.2%	100.0%
Real Estate	0.1%	-

Return for Risk

EQGB.L vs. X7PP.L — 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: 64
EQGB.L Sharpe Ratio Rank: 66
EQGB.L Sortino Ratio Rank: 66
EQGB.L Omega Ratio Rank: 62
EQGB.L Calmar Ratio Rank: 64
EQGB.L Martin Ratio Rank: 61

X7PP.L

X7PP.L Risk / Return Rank: 78
X7PP.L Sharpe Ratio Rank: 86
X7PP.L Sortino Ratio Rank: 84
X7PP.L Omega Ratio Rank: 78
X7PP.L Calmar Ratio Rank: 75
X7PP.L Martin Ratio Rank: 69

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. X7PP.L - 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 European Banks Sector UCITS ETF (X7PP.L). 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.

	EQGB.L	X7PP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.43	-0.58
Sortino ratio: Return per unit of downside risk	2.62	3.22	-0.60
Omega ratio: Gain probability vs. loss probability	1.33	1.40	-0.07
Calmar ratio: Return relative to maximum drawdown	2.74	3.34	-0.60
Martin ratio: Return relative to average drawdown	9.47	11.15	-1.69

EQGB.L vs. X7PP.L - Sharpe Ratio Comparison

The current EQGB.L Sharpe Ratio is 1.86, which is comparable to the X7PP.L Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of EQGB.L and X7PP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQGB.L vs. X7PP.L - Drawdown Comparison

The maximum EQGB.L drawdown since its inception was -36.77%, smaller than the maximum X7PP.L drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for EQGB.L and X7PP.L.

Drawdown Indicators

	EQGB.L	X7PP.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.77%	-56.28%	+19.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-15.94%	+4.61%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	-18.17%	-4.59%
Max Drawdown (5Y) Largest decline over 5 years	-36.77%	-30.79%	-5.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.28%	—
Current Drawdown Current decline from peak	-4.24%	-1.73%	-2.51%
Average Drawdown Average peak-to-trough decline	-7.42%	-15.34%	+7.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	4.78%	-1.50%

Volatility

EQGB.L vs. X7PP.L - Volatility Comparison

Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) and Invesco European Banks Sector UCITS ETF (X7PP.L) have volatilities of 6.47% and 6.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQGB.L	X7PP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.47%	6.30%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	13.16%	18.31%	-5.15%
Volatility (1Y) Calculated over the trailing 1-year period	16.70%	21.89%	-5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	23.55%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	24.30%	-3.04%

EQGB.L vs. X7PP.L - Expense Ratio Comparison

EQGB.L has a 0.35% expense ratio, which is higher than X7PP.L's 0.20% expense ratio.

Dividends

EQGB.L vs. X7PP.L - Dividend Comparison

Neither EQGB.L nor X7PP.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%	4.16%
X7PP.L Invesco European Banks Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQGB.L and X7PP.L in my portfolio?

EQGB.L and X7PP.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQGB.L or X7PP.L?

On fees, X7PP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQGB.L or X7PP.L?

X7PP.L is cheaper with a 0.20% expense ratio, compared with 0.35% for EQGB.L.

What is the main difference between EQGB.L and X7PP.L?

EQGB.L is categorized as Nasdaq-100, while X7PP.L is Financials Equities. EQGB.L tracks NASDAQ-100 Index, while X7PP.L tracks MSCI World/Financials NR USD. Their fees differ too: 0.35% for EQGB.L and 0.20% for X7PP.L.