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EQQQ.L vs. NASL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQQQ.L vs. NASL.L

Last updated Jun 4, 2026

EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) and NASL.L (Lyxor UCITS Nasdaq-100 D-EUR) are both Nasdaq-100 funds - EQQQ.L tracks the NASDAQ-100 Index while NASL.L tracks the Russell 1000 Growth TR USD. Both are passively managed. Over the past 5 years, EQQQ.L returned 19.02%/yr vs 19.23%/yr for NASL.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.

Performance

EQQQ.L vs. NASL.L - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with EQQQ.L having a 20.61% return and NASL.L slightly higher at 20.81%.

EQQQ.L

1D
0.19%
1M
11.85%
YTD
20.61%
6M
18.88%
1Y
42.65%
3Y*
25.32%
5Y*
19.02%
10Y*
22.67%

NASL.L

1D
0.30%
1M
11.98%
YTD
20.81%
6M
19.36%
1Y
43.01%
3Y*
25.63%
5Y*
19.23%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EQQQ.L vs. NASL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EQQQ.L
Invesco EQQQ NASDAQ-100 UCITS ETF		20.61%11.54%28.55%47.79%-25.54%29.59%43.32%33.69%-3.04%
NASL.L
Lyxor UCITS Nasdaq-100 D-EUR		20.81%11.71%28.78%47.95%-25.38%29.78%43.43%33.70%-2.99%

Correlation

The correlation between EQQQ.L and NASL.L is 0.89, 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

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (All Time)
Calculated using the full available price history since May 15, 2018

0.98

The correlation between EQQQ.L and NASL.L has been stable across timeframes, ranging from 0.89 to 0.98 - a consistent structural relationship.

EQQQ.L vs. NASL.L - Sectors Allocation Comparison

Sectors
EQQQ.L
NASL.L

Technology

57.9%
53.7%

Communication Services

14.5%
15.8%

Consumer Cyclical

11.6%
12.2%

Consumer Defensive

6.6%
7.7%

Healthcare

3.7%
4.2%

Industrials

2.8%
3.1%

Utilities

1.2%
1.4%

Basic Materials

1.0%
1.1%

Energy

0.5%
0.6%

Financial Services

0.2%
0.2%

Real Estate

0.0%
0.1%

Technology

EQQQ.L
57.9%
NASL.L
53.7%

Communication Services

EQQQ.L
14.5%
NASL.L
15.8%

Consumer Cyclical

EQQQ.L
11.6%
NASL.L
12.2%

Consumer Defensive

EQQQ.L
6.6%
NASL.L
7.7%

Healthcare

EQQQ.L
3.7%
NASL.L
4.2%

Industrials

EQQQ.L
2.8%
NASL.L
3.1%

Utilities

EQQQ.L
1.2%
NASL.L
1.4%

Basic Materials

EQQQ.L
1.0%
NASL.L
1.1%

Energy

EQQQ.L
0.5%
NASL.L
0.6%

Financial Services

EQQQ.L
0.2%
NASL.L
0.2%

Real Estate

EQQQ.L
0.0%
NASL.L
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco EQQQ NASDAQ-100 UCITS ETF

Lyxor UCITS Nasdaq-100 D-EUR

Often compared with EQQQ.L:
EQQQ.L vs. QQQEQQQ.L vs. QQQMEQQQ.L vs. EQGB.LEQQQ.L vs. CNX1.LEQQQ.L vs. EQQU.LEQQQ.L vs. CSPX.LEQQQ.L vs. XNAQ.L
Often compared with NASL.L:
NASL.L vs. LQQ.PANASL.L vs. VEUA.LNASL.L vs. VEUR.LNASL.L vs. I500.LNASL.L vs. IUSA.DENASL.L vs. XDEV.LNASL.L vs. IITU.L

Return for Risk

EQQQ.L vs. NASL.L — 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: 7878
Overall Rank
EQQQ.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
EQQQ.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
EQQQ.L Omega Ratio Rank: 8383
Omega Ratio Rank
EQQQ.L Calmar Ratio Rank: 7575
Calmar Ratio Rank
EQQQ.L Martin Ratio Rank: 6262
Martin Ratio Rank
NASL.L
NASL.L Risk / Return Rank: 7878
Overall Rank
NASL.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
NASL.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
NASL.L Omega Ratio Rank: 8383
Omega Ratio Rank
NASL.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
NASL.L Martin Ratio Rank: 6363
Martin Ratio Rank
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. NASL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and Lyxor UCITS Nasdaq-100 D-EUR (NASL.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.

EQQQ.LNASL.LDifference
Sharpe ratioReturn per unit of total volatility
2.89
2.93

-0.04

Sortino ratioReturn per unit of downside risk
3.79
3.77

+0.02

Omega ratioGain probability vs. loss probability

1.51

1.51

+0.01

Calmar ratioReturn relative to maximum drawdown

3.87

3.86

+0.01

Martin ratioReturn relative to average drawdown

11.41

11.29

+0.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQQQ.L vs. NASL.L - Sharpe Ratio Comparison

The current EQQQ.L Sharpe Ratio is 2.89, which is comparable to the NASL.L Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of EQQQ.L and NASL.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.

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Sharpe Ratios by Period

EQQQ.LNASL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.89

2.93

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.99

1.01

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.17

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

1.05

-0.13

Drawdowns

EQQQ.L vs. NASL.L - Drawdown Comparison

The maximum EQQQ.L drawdown since its inception was -33.75%, which is greater than NASL.L's maximum drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and NASL.L.

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Drawdown Indicators

EQQQ.LNASL.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.75%

-27.49%

-6.26%

Max Drawdown (1Y)

Largest decline over 1 year

-10.97%

-11.08%

+0.11%

Max Drawdown (3Y)

Largest decline over 3 years

-24.09%

-24.53%

+0.44%

Max Drawdown (5Y)

Largest decline over 5 years

-27.76%

-27.49%

-0.27%

Max Drawdown (10Y)

Largest decline over 10 years

-27.76%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.61%

-6.15%

+0.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.73%

3.80%

-0.07%

Volatility

EQQQ.L vs. NASL.L - Volatility Comparison

Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) and Lyxor UCITS Nasdaq-100 D-EUR (NASL.L) have volatilities of 4.09% and 4.06%, 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.

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Volatility by Period

EQQQ.LNASL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

4.06%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

10.30%

10.21%

+0.09%

Volatility (1Y)

Calculated over the trailing 1-year period

14.76%

14.68%

+0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.14%

19.01%

+0.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.35%

19.90%

-0.55%

EQQQ.L vs. NASL.L - Expense Ratio Comparison

Both EQQQ.L and NASL.L have an expense ratio of 0.30%.

Dividends

EQQQ.L vs. NASL.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%
NASL.L
Lyxor UCITS Nasdaq-100 D-EUR		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.69%0.68%0.00%0.00%0.00%

Frequently Asked Questions

EQQQ.L and NASL.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

EQQQ.L and NASL.L have the same expense ratio: 0.30% per year.

EQQQ.L tracks NASDAQ-100 Index, while NASL.L tracks Russell 1000 Growth TR USD. They also come from different issuers: Invesco and Amundi.

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