EQQD.L vs. IUMO.L

Last updated Jun 5, 2026

EQQD.L (Invesco Nasdaq-100 Swap UCITS ETF Dist) and IUMO.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc) are both exchange-traded funds - EQQD.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD, while IUMO.L is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 3 years, EQQD.L returned 28.25%/yr vs 32.22%/yr for IUMO.L. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

EQQD.L vs. IUMO.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 Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQQD.L achieves a 19.77% return, which is significantly lower than IUMO.L's 29.52% return.

EQQD.L

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

IUMO.L

• 1D: -1.94%
• 1M: 12.05%
• YTD: 29.52%
• 6M: 29.75%
• 1Y: 39.37%
• 3Y*: 32.22%
• 5Y*: 14.09%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist	19.77%	19.91%	26.75%	56.61%	-33.32%	15.15%
IUMO.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc	29.52%	17.81%	31.88%	9.83%	-18.15%	7.36%

Correlation

The correlation between EQQD.L and IUMO.L is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021	0.80

The correlation between EQQD.L and IUMO.L has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

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

Sectors	EQQD.L	IUMO.L
Technology	53.7%	42.9%
Communication Services	15.8%	6.7%
Consumer Cyclical	12.2%	5.1%
Consumer Defensive	7.7%	2.2%
Healthcare	4.2%	9.6%
Industrials	3.1%	19.2%
Utilities	1.4%	1.5%
Basic Materials	1.1%	1.9%
Energy	0.6%	2.5%
Financial Services	0.2%	7.3%
Real Estate	0.1%	1.1%

Return for Risk

EQQD.L vs. IUMO.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: 76
EQQD.L Sharpe Ratio Rank: 81
EQQD.L Sortino Ratio Rank: 81
EQQD.L Omega Ratio Rank: 76
EQQD.L Calmar Ratio Rank: 73
EQQD.L Martin Ratio Rank: 72

IUMO.L

IUMO.L Risk / Return Rank: 68
IUMO.L Sharpe Ratio Rank: 61
IUMO.L Sortino Ratio Rank: 66
IUMO.L Omega Ratio Rank: 61
IUMO.L Calmar Ratio Rank: 74
IUMO.L Martin Ratio Rank: 76

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. IUMO.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 Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.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.L	IUMO.L	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.02	+0.55
Sortino ratio: Return per unit of downside risk	3.55	3.00	+0.56
Omega ratio: Gain probability vs. loss probability	1.44	1.37	+0.08
Calmar ratio: Return relative to maximum drawdown	3.61	3.68	-0.07
Martin ratio: Return relative to average drawdown	13.24	14.44	-1.19
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. IUMO.L - Sharpe Ratio Comparison

The current EQQD.L Sharpe Ratio is 2.57, which is comparable to the IUMO.L Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of EQQD.L and IUMO.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.

Sharpe Ratios by Period

	EQQD.L	IUMO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.02	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.96	-0.14

Drawdowns

EQQD.L vs. IUMO.L - Drawdown Comparison

The maximum EQQD.L drawdown since its inception was -34.95%, roughly equal to the maximum IUMO.L drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for EQQD.L and IUMO.L.

Drawdown Indicators

	EQQD.L	IUMO.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-33.75%	-1.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-10.60%	-0.58%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	-21.01%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.98%	—
Current Drawdown Current decline from peak	-0.73%	-1.94%	+1.21%
Average Drawdown Average peak-to-trough decline	-9.10%	-8.46%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.70%	+0.35%

Volatility

EQQD.L vs. IUMO.L - Volatility Comparison

The current volatility for Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) is 5.03%, while iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) has a volatility of 8.41%. This indicates that EQQD.L experiences smaller price fluctuations and is considered to be less risky than IUMO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQD.L	IUMO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	8.41%	-3.38%
Volatility (6M) Calculated over the trailing 6-month period	11.67%	16.63%	-4.96%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	19.28%	-3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	19.58%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	20.53%	+0.26%

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

Both EQQD.L and IUMO.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EQQD.L vs. IUMO.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist	0.54%	0.64%	0.75%	0.75%	0.95%	0.31%
IUMO.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQQD.L and IUMO.L in my portfolio?

EQQD.L and IUMO.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQQD.L or IUMO.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQQD.L or IUMO.L?

EQQD.L and IUMO.L have the same expense ratio: 0.20% per year.

What is the main difference between EQQD.L and IUMO.L?

EQQD.L is categorized as Nasdaq-100, while IUMO.L is Momentum. EQQD.L tracks Russell 1000 Growth TR USD, while IUMO.L tracks MSCI USA Momentum Index. They also come from different issuers: Invesco and iShares.