EQQQ.L vs. MSTR

Last updated Jun 14, 2026

EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while MSTR (Strategy Inc) is a stock. Over the past 10 years, EQQQ.L returned 22.24%/yr vs 21.54%/yr for MSTR. At a 0.31 correlation, their price movements are largely independent.

Performance

EQQQ.L vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EQQQ.L achieves a 17.18% return, which is significantly higher than MSTR's -18.00% return. Both investments have delivered pretty close results over the past 10 years, with EQQQ.L having a 22.24% annualized return and MSTR not far behind at 21.54%.

EQQQ.L

• 1D: 2.53%
• 1M: 0.63%
• YTD: 17.18%
• 6M: 17.41%
• 1Y: 38.39%
• 3Y*: 23.63%
• 5Y*: 17.89%
• 10Y*: 22.24%

MSTR

• 1D: 3.27%
• 1M: -33.71%
• YTD: -18.00%
• 6M: -29.92%
• 1Y: -67.22%
• 3Y*: 60.17%
• 5Y*: 20.37%
• 10Y*: 21.54%

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

EQQQ.L vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF	17.18%	11.54%	28.55%	47.79%	-25.54%	29.59%	43.32%	33.69%	4.64%	20.12%
MSTR Strategy Inc	-18.00%	-51.27%	366.55%	323.85%	-70.91%	41.46%	164.42%	7.40%	3.07%	-39.24%

Correlation

The correlation between EQQQ.L and MSTR is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007	0.31

Return for Risk

EQQQ.L vs. MSTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQQQ.L

EQQQ.L Risk / Return Rank: 79
EQQQ.L Sharpe Ratio Rank: 87
EQQQ.L Sortino Ratio Rank: 84
EQQQ.L Omega Ratio Rank: 84
EQQQ.L Calmar Ratio Rank: 76
EQQQ.L Martin Ratio Rank: 63

MSTR

MSTR Risk / Return Rank: 8
MSTR Sharpe Ratio Rank: 6
MSTR Sortino Ratio Rank: 4
MSTR Omega Ratio Rank: 7
MSTR Calmar Ratio Rank: 8
MSTR Martin Ratio Rank: 13

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.

EQQQ.L vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and Strategy Inc (MSTR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EQQQ.L	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	2.45	-0.96	+3.40
Sortino ratio: Return per unit of downside risk	3.23	-1.72	+4.95
Omega ratio: Gain probability vs. loss probability	1.43	0.82	+0.61
Calmar ratio: Return relative to maximum drawdown	3.41	-0.87	+4.28
Martin ratio: Return relative to average drawdown	9.90	-1.26	+11.16

EQQQ.L vs. MSTR - Sharpe Ratio Comparison

The current EQQQ.L Sharpe Ratio is 2.45, which is higher than the MSTR Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of EQQQ.L and MSTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQQQ.L vs. MSTR - Drawdown Comparison

The maximum EQQQ.L drawdown since its inception was -65.36%, smaller than the maximum MSTR drawdown of -87.70%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and MSTR.

Drawdown Indicators

	EQQQ.L	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-65.36%	-87.70%	+22.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-76.73%	+65.76%
Max Drawdown (3Y) Largest decline over 3 years	-24.09%	-78.88%	+54.79%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-82.13%	+54.37%
Max Drawdown (10Y) Largest decline over 10 years	-27.76%	-87.70%	+59.94%
Current Drawdown Current decline from peak	-2.85%	-75.31%	+72.46%
Average Drawdown Average peak-to-trough decline	-12.50%	-32.97%	+20.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	53.01%	-49.22%

Volatility

EQQQ.L vs. MSTR - Volatility Comparison

The current volatility for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) is 5.78%, while Strategy Inc (MSTR) has a volatility of 21.72%. This indicates that EQQQ.L experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQQ.L	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	21.72%	-15.94%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	56.24%	-45.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	70.12%	-54.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	89.25%	-70.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	72.86%	-53.47%

Dividends

EQQQ.L vs. MSTR - Dividend Comparison

EQQQ.L's dividend yield for the trailing twelve months is around 0.23%, while MSTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF	0.23%	0.29%	0.38%	0.39%	0.56%	0.25%	0.41%	0.56%	0.63%	0.67%	0.77%	0.72%
MSTR Strategy Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQQQ.L and MSTR in my portfolio?

EQQQ.L and MSTR have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.