EQQQ.L vs. CNX1.L
Compare and contrast key facts about Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L).
EQQQ.L and CNX1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQQQ.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Dec 2, 2002. CNX1.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010. Both EQQQ.L and CNX1.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQQQ.L or CNX1.L.
Key characteristics
| EQQQ.L | CNX1.L | |
|---|---|---|
| YTD Return | 10.32% | 10.29% |
| 1Y Return | 32.30% | 32.25% |
| 3Y Return (Ann) | 16.23% | 16.20% |
| 5Y Return (Ann) | 20.16% | 20.11% |
| 10Y Return (Ann) | 21.81% | 21.75% |
| Sharpe Ratio | 2.09 | 2.08 |
| Daily Std Dev | 15.75% | 15.73% |
| Max Drawdown | -33.70% | -27.56% |
| Current Drawdown | -0.74% | -0.75% |
Correlation
The correlation between EQQQ.L and CNX1.L is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EQQQ.L vs. CNX1.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with EQQQ.L having a 10.32% return and CNX1.L slightly lower at 10.29%. Both investments have delivered pretty close results over the past 10 years, with EQQQ.L having a 21.81% annualized return and CNX1.L not far behind at 21.75%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EQQQ.L vs. CNX1.L - Expense Ratio Comparison
EQQQ.L has a 0.30% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.
Risk-Adjusted Performance
EQQQ.L vs. CNX1.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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.
Dividends
EQQQ.L vs. CNX1.L - Dividend Comparison
Neither EQQQ.L nor CNX1.L has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EQQQ.L vs. CNX1.L - Drawdown Comparison
The maximum EQQQ.L drawdown since its inception was -33.70%, which is greater than CNX1.L's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and CNX1.L. For additional features, visit the drawdowns tool.
Volatility
EQQQ.L vs. CNX1.L - Volatility Comparison
Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) have volatilities of 6.24% and 6.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.