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EQQD.L vs. CNX1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQQD.L vs. CNX1.L

Last updated Jun 5, 2026

EQQD.L (Invesco Nasdaq-100 Swap UCITS ETF Dist) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both Nasdaq-100 funds - EQQD.L tracks the Russell 1000 Growth TR USD while CNX1.L tracks the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, EQQD.L returned 28.25%/yr vs 27.90%/yr for CNX1.L. With a 0.96 correlation, they move nearly in lockstep. EQQD.L charges 0.20%/yr vs 0.36%/yr for CNX1.L.

Performance

EQQD.L vs. CNX1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EQQD.L is traded in USD, while CNX1.L is traded in GBp. To make them comparable, the CNX1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with EQQD.L having a 19.77% return and CNX1.L slightly lower at 19.55%.

EQQD.L

1D
-0.73%
1M
8.59%
YTD
19.77%
6M
19.21%
1Y
40.52%
3Y*
28.25%
5Y*
—
10Y*
—

CNX1.L

1D
-0.58%
1M
8.70%
YTD
19.55%
6M
19.30%
1Y
40.34%
3Y*
27.90%
5Y*
17.58%
10Y*
21.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EQQD.L vs. CNX1.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
EQQD.L
Invesco Nasdaq-100 Swap UCITS ETF Dist		19.77%19.91%26.75%56.61%-33.32%15.15%
CNX1.L
iShares NASDAQ 100 UCITS ETF USD (Acc)		19.55%19.98%26.37%55.50%-33.49%15.45%

Correlation

The correlation between EQQD.L and CNX1.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.95

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

0.96

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2021

0.96

The correlation between EQQD.L and CNX1.L has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

EQQD.L vs. CNX1.L - Sectors Allocation Comparison

Sectors
EQQD.L
CNX1.L

Technology

53.7%
57.3%

Communication Services

15.8%
14.5%

Consumer Cyclical

12.2%
11.6%

Consumer Defensive

7.7%
6.9%

Healthcare

4.2%
3.8%

Industrials

3.1%
2.8%

Utilities

1.4%
1.3%

Basic Materials

1.1%
1.1%

Energy

0.6%
0.5%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

EQQD.L
53.7%
CNX1.L
57.3%

Communication Services

EQQD.L
15.8%
CNX1.L
14.5%

Consumer Cyclical

EQQD.L
12.2%
CNX1.L
11.6%

Consumer Defensive

EQQD.L
7.7%
CNX1.L
6.9%

Healthcare

EQQD.L
4.2%
CNX1.L
3.8%

Industrials

EQQD.L
3.1%
CNX1.L
2.8%

Utilities

EQQD.L
1.4%
CNX1.L
1.3%

Basic Materials

EQQD.L
1.1%
CNX1.L
1.1%

Energy

EQQD.L
0.6%
CNX1.L
0.5%

Financial Services

EQQD.L
0.2%
CNX1.L
0.2%

Real Estate

EQQD.L
0.1%
CNX1.L
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Nasdaq-100 Swap UCITS ETF Dist

iShares NASDAQ 100 UCITS ETF USD (Acc)

Often compared with EQQD.L:
EQQD.L vs. EQQQ.LEQQD.L vs. CNDX.LEQQD.L vs. QQQEQQD.L vs. VUSA.ASEQQD.L vs. QQQMEQQD.L vs. VUGEQQD.L vs. IUHC.L
Often compared with CNX1.L:
CNX1.L vs. CNDX.LCNX1.L vs. EQQQ.LCNX1.L vs. IITU.LCNX1.L vs. EQGB.LCNX1.L vs. QQQCNX1.L vs. XNAQ.LCNX1.L vs. SXRV.DE

Return for Risk

EQQD.L vs. CNX1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQQD.L
EQQD.L Risk / Return Rank: 7676
Overall Rank
EQQD.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
EQQD.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
EQQD.L Omega Ratio Rank: 7676
Omega Ratio Rank
EQQD.L Calmar Ratio Rank: 7373
Calmar Ratio Rank
EQQD.L Martin Ratio Rank: 7272
Martin Ratio Rank
CNX1.L
CNX1.L Risk / Return Rank: 7878
Overall Rank
CNX1.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CNX1.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
CNX1.L Omega Ratio Rank: 8383
Omega Ratio Rank
CNX1.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
CNX1.L Martin Ratio Rank: 6262
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.

EQQD.L vs. CNX1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.

EQQD.LCNX1.LDifference
Sharpe ratioReturn per unit of total volatility
2.57
2.61

-0.04

Sortino ratioReturn per unit of downside risk
3.55
3.59

-0.03

Omega ratioGain probability vs. loss probability

1.44

1.44

0.00

Calmar ratioReturn relative to maximum drawdown

3.61

3.65

-0.05

Martin ratioReturn relative to average drawdown

13.24

13.38

-0.14

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

EQQD.L vs. CNX1.L - Sharpe Ratio Comparison

The current EQQD.L Sharpe Ratio is 2.57, which is comparable to the CNX1.L Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of EQQD.L and CNX1.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.

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Sharpe Ratios by Period

EQQD.LCNX1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.57

2.61

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.86

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.09

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

1.07

-0.24

Drawdowns

EQQD.L vs. CNX1.L - Drawdown Comparison

The maximum EQQD.L drawdown since its inception was -34.95%, roughly equal to the maximum CNX1.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for EQQD.L and CNX1.L.

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Drawdown Indicators

EQQD.LCNX1.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.95%

-35.21%

+0.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.18%

-10.99%

-0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-22.85%

-23.11%

+0.26%

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.21%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.21%

—

Current Drawdown

Current decline from peak

-0.73%

-0.77%

+0.04%

Average Drawdown

Average peak-to-trough decline

-9.10%

-5.19%

-3.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

3.01%

+0.04%

Volatility

EQQD.L vs. CNX1.L - Volatility Comparison

Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) has a higher volatility of 5.03% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 4.33%. This indicates that EQQD.L's price experiences larger fluctuations and is considered to be riskier than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQQD.LCNX1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.03%

4.33%

+0.70%

Volatility (6M)

Calculated over the trailing 6-month period

11.67%

11.28%

+0.39%

Volatility (1Y)

Calculated over the trailing 1-year period

15.67%

15.39%

+0.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.79%

20.48%

+0.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.79%

19.91%

+0.88%

EQQD.L vs. CNX1.L - Expense Ratio Comparison

EQQD.L has a 0.20% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.

Dividends

EQQD.L vs. CNX1.L - Dividend Comparison

EQQD.L's dividend yield for the trailing twelve months is around 0.54%, while CNX1.L has not paid dividends to shareholders.

PositionTTM20252024202320222021
CNX1.L
iShares NASDAQ 100 UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%
EQQD.L
Invesco Nasdaq-100 Swap UCITS ETF Dist		0.54%0.64%0.75%0.75%0.95%0.31%

Frequently Asked Questions

With a correlation of 0.95, EQQD.L and CNX1.L 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, EQQD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EQQD.L is cheaper with a 0.20% expense ratio, compared with 0.36% for CNX1.L.

EQQD.L tracks Russell 1000 Growth TR USD, while CNX1.L tracks NASDAQ-100 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for EQQD.L and 0.36% for CNX1.L.

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