EQJS.L vs. FPXE.L
EQJS.L (Invesco Nasdaq Next Generation 100 UCITS ETF Acc) and FPXE.L (First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc)) are both exchange-traded funds - EQJS.L is a Mid Cap Growth Equities fund tracking the Nasdaq Next Generation 100 Index, while FPXE.L is a Europe Equities fund tracking the IPOX 100 Europe Index. Both are passively managed. Over the past 5 years, EQJS.L returned 6.90%/yr vs 3.62%/yr for FPXE.L. A 0.70 correlation means they provide meaningful diversification when combined. EQJS.L charges 0.25%/yr vs 0.65%/yr for FPXE.L.
Performance
EQJS.L vs. FPXE.L - Performance Comparison
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Returns By Period
In the year-to-date period, EQJS.L achieves a 17.96% return, which is significantly higher than FPXE.L's 5.67% return.
EQJS.L
- 1D
- -0.75%
- 1M
- -2.78%
- 6M
- 10.66%
- YTD
- 17.96%
- 1Y
- 34.80%
- 3Y*
- 17.11%
- 5Y*
- 6.90%
- 10Y*
- —
FPXE.L
- 1D
- -0.19%
- 1M
- -10.17%
- 6M
- 3.94%
- YTD
- 5.67%
- 1Y
- 4.66%
- 3Y*
- 13.93%
- 5Y*
- 3.62%
- 10Y*
- —
EQJS.L vs. FPXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EQJS.L Invesco Nasdaq Next Generation 100 UCITS ETF Acc | 17.96% | 12.27% | 16.78% | 8.31% | -20.39% | 5.18% |
FPXE.L First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc) | 5.67% | 14.93% | 17.51% | 8.62% | -27.20% | -6.75% |
Correlation
The correlation between EQJS.L and FPXE.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021 | 0.70 |
The correlation between EQJS.L and FPXE.L has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
EQJS.L vs. FPXE.L — Risk / Return Rank
EQJS.L
FPXE.L
EQJS.L vs. FPXE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Next Generation 100 UCITS ETF Acc (EQJS.L) and First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc) (FPXE.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.
| EQJS.L | FPXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 0.44 | +3.25 |
| Martin ratioReturn relative to average drawdown | 11.97 | 1.38 | +10.59 |
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Drawdowns
EQJS.L vs. FPXE.L - Drawdown Comparison
The maximum EQJS.L drawdown since its inception was -32.10%, smaller than the maximum FPXE.L drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for EQJS.L and FPXE.L.
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Drawdown Indicators
| EQJS.L | FPXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.10% | -38.82% | +6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -10.56% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -24.83% | -21.19% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -32.10% | -37.41% | +5.31% |
Current DrawdownCurrent decline from peak | -5.70% | -10.56% | +4.86% |
Average DrawdownAverage peak-to-trough decline | -13.10% | -17.10% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.37% | -0.47% |
Volatility
EQJS.L vs. FPXE.L - Volatility Comparison
The current volatility for Invesco Nasdaq Next Generation 100 UCITS ETF Acc (EQJS.L) is 5.16%, while First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc) (FPXE.L) has a volatility of 5.72%. This indicates that EQJS.L experiences smaller price fluctuations and is considered to be less risky than FPXE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQJS.L | FPXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 5.72% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 15.35% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 17.52% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 18.50% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,111.25% | 19.28% | +3,091.97% |
EQJS.L vs. FPXE.L - Expense Ratio Comparison
EQJS.L has a 0.25% expense ratio, which is lower than FPXE.L's 0.65% expense ratio.
Dividends
EQJS.L vs. FPXE.L - Dividend Comparison
Neither EQJS.L nor FPXE.L has paid dividends to shareholders.
Frequently Asked Questions
EQJS.L and FPXE.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQJS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQJS.L is cheaper with a 0.25% expense ratio, compared with 0.65% for FPXE.L.
EQJS.L is categorized as Mid Cap Growth Equities, while FPXE.L is Europe Equities. EQJS.L tracks Nasdaq Next Generation 100 Index, while FPXE.L tracks IPOX 100 Europe Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.25% for EQJS.L and 0.65% for FPXE.L.
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