EQQD.L vs. QQQY.L
EQQD.L (Invesco Nasdaq-100 Swap UCITS ETF Dist) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both Nasdaq-100 funds. EQQD.L is passively managed, while QQQY.L is actively managed. Over the past year, EQQD.L returned 40.52% vs 31.81% for QQQY.L. A 0.67 correlation means they provide meaningful diversification when combined. EQQD.L charges 0.20%/yr vs 0.45%/yr for QQQY.L.
Performance
EQQD.L vs. QQQY.L - Performance Comparison
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Returns By Period
In the year-to-date period, EQQD.L achieves a 19.77% return, which is significantly higher than QQQY.L's 15.10% return.
EQQD.L
- 1D
- -0.73%
- 1M
- 8.59%
- YTD
- 19.77%
- 6M
- 19.21%
- 1Y
- 40.52%
- 3Y*
- 28.25%
- 5Y*
- —
- 10Y*
- —
QQQY.L
- 1D
- -0.82%
- 1M
- 7.64%
- YTD
- 15.10%
- 6M
- 14.75%
- 1Y
- 31.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQQD.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist | 19.77% | 19.91% | 10.46% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 15.10% | 14.25% | 7.28% |
Correlation
The correlation between EQQD.L and QQQY.L is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.67 |
The correlation between EQQD.L and QQQY.L has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
EQQD.L vs. QQQY.L — Risk / Return Rank
EQQD.L
QQQY.L
EQQD.L vs. QQQY.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 (QQQY.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 | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 4.32 | -0.71 |
| Martin ratioReturn relative to average drawdown | 13.24 | 13.40 | -0.16 |
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 | QQQY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 2.18 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.02 | -0.20 |
Drawdowns
EQQD.L vs. QQQY.L - Drawdown Comparison
The maximum EQQD.L drawdown since its inception was -34.95%, which is greater than QQQY.L's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for EQQD.L and QQQY.L.
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Drawdown Indicators
| EQQD.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -19.23% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -7.34% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.93% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -3.18% | -5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.37% | +0.68% |
Volatility
EQQD.L vs. QQQY.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 (QQQY.L) at 4.78%. This indicates that EQQD.L's price experiences larger fluctuations and is considered to be riskier than QQQY.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 | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.78% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 10.22% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 14.52% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 20.98% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 20.98% | -0.19% |
EQQD.L vs. QQQY.L - Expense Ratio Comparison
EQQD.L has a 0.20% expense ratio, which is lower than QQQY.L's 0.45% expense ratio.
Dividends
EQQD.L vs. QQQY.L - Dividend Comparison
EQQD.L's dividend yield for the trailing twelve months is around 0.54%, less than QQQY.L's 67.73% 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% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.73% | 120.60% | 18.65% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EQQD.L and QQQY.L have a correlation of 0.74, 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 QQQY.L.
They also come from different issuers: Invesco and Leverage Shares. Their fees differ too: 0.20% for EQQD.L and 0.45% for QQQY.L.
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