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

EQQQ.L vs. SPXP.L

Last updated Jun 4, 2026

EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) and SPXP.L (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SPXP.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EQQQ.L returned 22.67%/yr vs 16.32%/yr for SPXP.L. A 0.79 correlation means they provide meaningful diversification when combined. EQQQ.L charges 0.30%/yr vs 0.05%/yr for SPXP.L.

Performance

EQQQ.L vs. SPXP.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 Invesco S&P 500 UCITS ETF (SPXP.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EQQQ.L achieves a 20.61% return, which is significantly higher than SPXP.L's 10.55% return. Over the past 10 years, EQQQ.L has outperformed SPXP.L with an annualized return of 22.67%, while SPXP.L has yielded a comparatively lower 16.32% annualized return.

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%

SPXP.L

1D
-0.21%
1M
5.93%
YTD
10.55%
6M
10.60%
1Y
29.27%
3Y*
19.50%
5Y*
15.15%
10Y*
16.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
EQQQ.L
Invesco EQQQ NASDAQ-100 UCITS ETF		20.61%11.54%28.55%47.79%-25.54%29.59%43.32%33.69%4.64%20.12%
SPXP.L
Invesco S&P 500 UCITS ETF		10.55%9.53%27.58%20.06%-8.79%31.26%13.90%26.76%0.26%10.77%

Correlation

The correlation between EQQQ.L and SPXP.L is 0.92, 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

0.92

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

0.92

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

0.90

Correlation (10Y)
Calculated over the trailing 10-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2014

0.79

The correlation between EQQQ.L and SPXP.L shifts across timeframes, from 0.79 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

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

Sectors
EQQQ.L
SPXP.L

Technology

57.9%
35.6%

Communication Services

14.5%
11.2%

Consumer Cyclical

11.6%
10.1%

Consumer Defensive

6.6%
4.9%

Healthcare

3.7%
8.5%

Industrials

2.8%
8.3%

Utilities

1.2%
2.4%

Basic Materials

1.0%
1.8%

Energy

0.5%
3.5%

Financial Services

0.2%
11.8%

Real Estate

0.0%
1.9%

Technology

EQQQ.L
57.9%
SPXP.L
35.6%

Communication Services

EQQQ.L
14.5%
SPXP.L
11.2%

Consumer Cyclical

EQQQ.L
11.6%
SPXP.L
10.1%

Consumer Defensive

EQQQ.L
6.6%
SPXP.L
4.9%

Healthcare

EQQQ.L
3.7%
SPXP.L
8.5%

Industrials

EQQQ.L
2.8%
SPXP.L
8.3%

Utilities

EQQQ.L
1.2%
SPXP.L
2.4%

Basic Materials

EQQQ.L
1.0%
SPXP.L
1.8%

Energy

EQQQ.L
0.5%
SPXP.L
3.5%

Financial Services

EQQQ.L
0.2%
SPXP.L
11.8%

Real Estate

EQQQ.L
0.0%
SPXP.L
1.9%

Compare stocks, funds, or ETFs

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Invesco EQQQ NASDAQ-100 UCITS ETF

Invesco S&P 500 UCITS ETF

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 SPXP.L:
SPXP.L vs. VUAG.LSPXP.L vs. CSPX.LSPXP.L vs. SPXSSPXP.L vs. VOOSPXP.L vs. SPX5.LSPXP.L vs. SMT.LSPXP.L vs. SPXD.L

Return for Risk

EQQQ.L vs. SPXP.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
SPXP.L
SPXP.L Risk / Return Rank: 8181
Overall Rank
SPXP.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
SPXP.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
SPXP.L Omega Ratio Rank: 8484
Omega Ratio Rank
SPXP.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SPXP.L Martin Ratio Rank: 7777
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. SPXP.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 Invesco S&P 500 UCITS ETF (SPXP.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.LSPXP.LDifference
Sharpe ratioReturn per unit of total volatility
2.89
2.78

+0.11

Sortino ratioReturn per unit of downside risk
3.79
3.72

+0.08

Omega ratioGain probability vs. loss probability

1.51

1.52

-0.01

Calmar ratioReturn relative to maximum drawdown

3.87

4.11

-0.24

Martin ratioReturn relative to average drawdown

11.41

15.14

-3.73

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. SPXP.L - Sharpe Ratio Comparison

The current EQQQ.L Sharpe Ratio is 2.89, which is comparable to the SPXP.L Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of EQQQ.L and SPXP.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.LSPXP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.89

2.78

+0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.99

1.06

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.17

1.10

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

1.15

-0.23

Drawdowns

EQQQ.L vs. SPXP.L - Drawdown Comparison

The maximum EQQQ.L drawdown since its inception was -33.75%, which is greater than SPXP.L's maximum drawdown of -25.46%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and SPXP.L.

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Drawdown Indicators

EQQQ.LSPXP.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.75%

-25.46%

-8.29%

Max Drawdown (1Y)

Largest decline over 1 year

-10.97%

-7.09%

-3.88%

Max Drawdown (3Y)

Largest decline over 3 years

-24.09%

-20.77%

-3.32%

Max Drawdown (5Y)

Largest decline over 5 years

-27.76%

-20.77%

-6.99%

Max Drawdown (10Y)

Largest decline over 10 years

-27.76%

-25.46%

-2.30%

Current Drawdown

Current decline from peak

0.00%

-0.21%

+0.21%

Average Drawdown

Average peak-to-trough decline

-5.61%

-3.50%

-2.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.73%

1.93%

+1.80%

Volatility

EQQQ.L vs. SPXP.L - Volatility Comparison

Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) has a higher volatility of 4.09% compared to Invesco S&P 500 UCITS ETF (SPXP.L) at 2.64%. This indicates that EQQQ.L's price experiences larger fluctuations and is considered to be riskier than SPXP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQQQ.LSPXP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

2.64%

+1.45%

Volatility (6M)

Calculated over the trailing 6-month period

10.30%

7.24%

+3.06%

Volatility (1Y)

Calculated over the trailing 1-year period

14.76%

10.56%

+4.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.14%

14.23%

+4.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.35%

16.22%

+3.13%

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

EQQQ.L has a 0.30% expense ratio, which is higher than SPXP.L's 0.05% expense ratio.

Dividends

EQQQ.L vs. SPXP.L - Dividend Comparison

EQQQ.L's dividend yield for the trailing twelve months is around 0.23%, while SPXP.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%
SPXP.L
Invesco S&P 500 UCITS ETF		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

With a correlation of 0.92, EQQQ.L and SPXP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, SPXP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.30% for EQQQ.L.

EQQQ.L is categorized as Nasdaq-100, while SPXP.L is S&P 500. EQQQ.L tracks NASDAQ-100 Index, while SPXP.L tracks S&P 500 Index. Their fees differ too: 0.30% for EQQQ.L and 0.05% for SPXP.L.

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