EQQQ.L vs. X7PP.L

Last updated Jul 16, 2026

EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) and X7PP.L (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while X7PP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, EQQQ.L returned 20.77%/yr vs 16.48%/yr for X7PP.L. At a 0.36 correlation, their price movements are largely independent. EQQQ.L charges 0.30%/yr vs 0.20%/yr for X7PP.L.

Performance

EQQQ.L vs. X7PP.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 European Banks Sector UCITS ETF (X7PP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQQQ.L achieves a 15.65% return, which is significantly higher than X7PP.L's 14.33% return. Over the past 10 years, EQQQ.L has outperformed X7PP.L with an annualized return of 20.77%, while X7PP.L has yielded a comparatively lower 16.48% annualized return.

EQQQ.L

• 1D: -1.34%
• 1M: -3.89%
• 6M: 15.70%
• YTD: 15.65%
• 1Y: 27.43%
• 3Y*: 22.66%
• 5Y*: 15.80%
• 10Y*: 20.77%

X7PP.L

• 1D: -0.74%
• 1M: 4.36%
• 6M: 11.75%
• YTD: 14.33%
• 1Y: 49.80%
• 3Y*: 44.37%
• 5Y*: 31.78%
• 10Y*: 16.48%

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

EQQQ.L vs. X7PP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF	15.65%	11.54%	28.55%	47.79%	-25.54%	29.59%	43.32%	33.69%	4.64%	20.12%
X7PP.L Invesco European Banks Sector UCITS ETF	14.33%	87.77%	27.07%	23.27%	6.04%	29.16%	-18.50%	8.33%	-26.15%	16.53%

Correlation

The correlation between EQQQ.L and X7PP.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014	0.37

The correlation between EQQQ.L and X7PP.L shifts across timeframes, from 0.29 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

EQQQ.L vs. X7PP.L - Sectors Allocation Comparison

Sectors	EQQQ.L	X7PP.L
Technology	59.6%	-
Communication Services	13.6%	-
Consumer Cyclical	11.0%	-
Consumer Defensive	6.3%	-
Healthcare	3.6%	-
Industrials	3.0%	-
Utilities	1.1%	-
Basic Materials	1.1%	-
Energy	0.4%	-
Financial Services	0.2%	100.0%
Real Estate	0.0%	-

Return for Risk

EQQQ.L vs. X7PP.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: 60
EQQQ.L Sharpe Ratio Rank: 63
EQQQ.L Sortino Ratio Rank: 61
EQQQ.L Omega Ratio Rank: 61
EQQQ.L Calmar Ratio Rank: 62
EQQQ.L Martin Ratio Rank: 51

X7PP.L

X7PP.L Risk / Return Rank: 80
X7PP.L Sharpe Ratio Rank: 87
X7PP.L Sortino Ratio Rank: 84
X7PP.L Omega Ratio Rank: 81
X7PP.L Calmar Ratio Rank: 75
X7PP.L Martin Ratio Rank: 71

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. X7PP.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 European Banks Sector UCITS ETF (X7PP.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.

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	X7PP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.25	-0.59
Sortino ratio: Return per unit of downside risk	2.29	2.99	-0.70
Omega ratio: Gain probability vs. loss probability	1.30	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	2.49	3.11	-0.62
Martin ratio: Return relative to average drawdown	7.02	10.37	-3.35

EQQQ.L vs. X7PP.L - Sharpe Ratio Comparison

The current EQQQ.L Sharpe Ratio is 1.66, which is comparable to the X7PP.L Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of EQQQ.L and X7PP.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.

Drawdowns

EQQQ.L vs. X7PP.L - Drawdown Comparison

The maximum EQQQ.L drawdown since its inception was -65.36%, which is greater than X7PP.L's maximum drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for EQQQ.L and X7PP.L.

Drawdown Indicators

	EQQQ.L	X7PP.L	Difference
Max Drawdown Largest peak-to-trough decline	-65.36%	-56.28%	-9.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-15.94%	+4.97%
Max Drawdown (3Y) Largest decline over 3 years	-24.09%	-18.17%	-5.92%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-30.79%	+3.03%
Max Drawdown (10Y) Largest decline over 10 years	-27.76%	-56.28%	+28.52%
Current Drawdown Current decline from peak	-4.95%	-1.85%	-3.10%
Average Drawdown Average peak-to-trough decline	-12.46%	-15.28%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	4.79%	-0.89%

Volatility

EQQQ.L vs. X7PP.L - Volatility Comparison

Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) has a higher volatility of 6.19% compared to Invesco European Banks Sector UCITS ETF (X7PP.L) at 5.70%. This indicates that EQQQ.L's price experiences larger fluctuations and is considered to be riskier than X7PP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQQ.L	X7PP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	5.70%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	18.70%	-6.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.44%	22.02%	-5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.40%	23.50%	-4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.38%	24.23%	-4.85%

EQQQ.L vs. X7PP.L - Expense Ratio Comparison

EQQQ.L has a 0.30% expense ratio, which is higher than X7PP.L's 0.20% expense ratio.

Dividends

EQQQ.L vs. X7PP.L - Dividend Comparison

EQQQ.L's dividend yield for the trailing twelve months is around 0.23%, while X7PP.L 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%
X7PP.L Invesco European Banks Sector 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

Can I hold both EQQQ.L and X7PP.L in my portfolio?

EQQQ.L and X7PP.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQQQ.L or X7PP.L?

On fees, X7PP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQQQ.L or X7PP.L?

X7PP.L is cheaper with a 0.20% expense ratio, compared with 0.30% for EQQQ.L.

What is the main difference between EQQQ.L and X7PP.L?

EQQQ.L is categorized as Nasdaq-100, while X7PP.L is Financials Equities. EQQQ.L tracks NASDAQ-100 Index, while X7PP.L tracks MSCI World/Financials NR USD. Their fees differ too: 0.30% for EQQQ.L and 0.20% for X7PP.L.