EQQD.L vs. QQQO.L
EQQD.L (Invesco Nasdaq-100 Swap UCITS ETF Dist) and QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) are both Nasdaq-100 funds. EQQD.L is passively managed, while QQQO.L is actively managed. Over the past year, EQQD.L returned 40.52% vs 32.05% for QQQO.L. A 0.64 correlation means they provide meaningful diversification when combined. EQQD.L charges 0.20%/yr vs 0.45%/yr for QQQO.L.
Performance
EQQD.L vs. QQQO.L - Performance Comparison
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Different Trading Currencies
EQQD.L is traded in USD, while QQQO.L is traded in GBp. To make them comparable, the QQQO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EQQD.L achieves a 19.77% return, which is significantly higher than QQQO.L's 15.24% return.
EQQD.L
- 1D
- -0.73%
- 1M
- 8.59%
- YTD
- 19.77%
- 6M
- 19.21%
- 1Y
- 40.52%
- 3Y*
- 28.25%
- 5Y*
- —
- 10Y*
- —
QQQO.L
- 1D
- -0.61%
- 1M
- 5.94%
- YTD
- 15.24%
- 6M
- 15.34%
- 1Y
- 32.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQQD.L vs. QQQO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist | 19.77% | 19.91% | 10.46% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 15.24% | 14.61% | 7.07% |
Correlation
The correlation between EQQD.L and QQQO.L is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.64 |
The correlation between EQQD.L and QQQO.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
EQQD.L vs. QQQO.L — Risk / Return Rank
EQQD.L
QQQO.L
EQQD.L vs. QQQO.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 IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.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 | QQQO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 4.24 | -0.63 |
| Martin ratioReturn relative to average drawdown | 13.24 | 12.87 | +0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQQD.L | QQQO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 2.30 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.28 | -0.46 |
Drawdowns
EQQD.L vs. QQQO.L - Drawdown Comparison
The maximum EQQD.L drawdown since its inception was -34.95%, which is greater than QQQO.L's maximum drawdown of -18.52%. Use the drawdown chart below to compare losses from any high point for EQQD.L and QQQO.L.
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Drawdown Indicators
| EQQD.L | QQQO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -18.52% | -16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -7.52% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.73% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -2.96% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.48% | +0.57% |
Volatility
EQQD.L vs. QQQO.L - Volatility Comparison
Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) has a higher volatility of 5.03% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) at 3.88%. This indicates that EQQD.L's price experiences larger fluctuations and is considered to be riskier than QQQO.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.L | QQQO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 3.88% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 9.33% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 13.86% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 16.88% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 16.88% | +3.91% |
EQQD.L vs. QQQO.L - Expense Ratio Comparison
EQQD.L has a 0.20% expense ratio, which is lower than QQQO.L's 0.45% expense ratio.
Dividends
EQQD.L vs. QQQO.L - Dividend Comparison
EQQD.L's dividend yield for the trailing twelve months is around 0.54%, less than QQQO.L's 67.52% yield.
| 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% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 67.52% | 124.53% | 17.93% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EQQD.L and QQQO.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.45% for QQQO.L.
They also come from different issuers: Invesco and Leverage Shares. Their fees differ too: 0.20% for EQQD.L and 0.45% for QQQO.L.
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