EQQS.L vs. NESP.L

Last updated Jul 16, 2026

EQQS.L (Invesco NASDAQ-100 Swap UCITS ETF Acc) and NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both Nasdaq-100 funds from Invesco - EQQS.L tracks the NASDAQ - 100 Notional NTR Index while NESP.L tracks the Russell 1000 Growth TR USD. Both are passively managed. Over the past 3 years, EQQS.L returned 24.06%/yr vs 25.30%/yr for NESP.L. Their correlation of 0.95 suggests significant overlap in exposure. EQQS.L charges 0.20%/yr vs 0.25%/yr for NESP.L.

Performance

EQQS.L vs. NESP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ-100 Swap UCITS ETF Acc (EQQS.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EQQS.L achieves a 16.07% return, which is significantly lower than NESP.L's 17.76% return.

EQQS.L

• 1D: -0.78%
• 1M: -3.44%
• 6M: 16.07%
• YTD: 16.07%
• 1Y: 28.62%
• 3Y*: 24.06%
• 5Y*: 15.52%
• 10Y*: —

NESP.L

• 1D: 0.00%
• 1M: -2.26%
• 6M: 18.13%
• YTD: 17.76%
• 1Y: 31.10%
• 3Y*: 25.30%
• 5Y*: —
• 10Y*: —

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

EQQS.L vs. NESP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EQQS.L Invesco NASDAQ-100 Swap UCITS ETF Acc	16.07%	19.85%	26.77%	56.64%	-33.31%	6.99%
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	17.76%	21.29%	26.52%	55.94%	-32.55%	-21.84%

Correlation

The correlation between EQQS.L and NESP.L is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 25, 2021	0.95

The correlation between EQQS.L and NESP.L has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

EQQS.L vs. NESP.L — Risk / Return Rank

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

EQQS.L

EQQS.L Risk / Return Rank: 62
EQQS.L Sharpe Ratio Rank: 62
EQQS.L Sortino Ratio Rank: 63
EQQS.L Omega Ratio Rank: 59
EQQS.L Calmar Ratio Rank: 63
EQQS.L Martin Ratio Rank: 61

NESP.L

NESP.L Risk / Return Rank: 63
NESP.L Sharpe Ratio Rank: 68
NESP.L Sortino Ratio Rank: 64
NESP.L Omega Ratio Rank: 65
NESP.L Calmar Ratio Rank: 64
NESP.L Martin Ratio Rank: 52

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.

EQQS.L vs. NESP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ-100 Swap UCITS ETF Acc (EQQS.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.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.

	EQQS.L	NESP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.73	-0.08
Sortino ratio: Return per unit of downside risk	2.38	2.41	-0.03
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	2.55	2.57	-0.02
Martin ratio: Return relative to average drawdown	8.70	8.67	+0.03

EQQS.L vs. NESP.L - Sharpe Ratio Comparison

The current EQQS.L Sharpe Ratio is 1.65, which is comparable to the NESP.L Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of EQQS.L and NESP.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

EQQS.L vs. NESP.L - Drawdown Comparison

The maximum EQQS.L drawdown since its inception was -34.93%, smaller than the maximum NESP.L drawdown of -49.60%. Use the drawdown chart below to compare losses from any high point for EQQS.L and NESP.L.

Drawdown Indicators

	EQQS.L	NESP.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.93%	-49.60%	+14.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-12.18%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-22.39%	-23.01%	+0.62%
Max Drawdown (5Y) Largest decline over 5 years	-34.93%	—	—
Current Drawdown Current decline from peak	-3.79%	-2.82%	-0.97%
Average Drawdown Average peak-to-trough decline	-8.62%	-18.77%	+10.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.59%	-0.31%

Volatility

EQQS.L vs. NESP.L - Volatility Comparison

The current volatility for Invesco NASDAQ-100 Swap UCITS ETF Acc (EQQS.L) is 5.87%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) has a volatility of 6.85%. This indicates that EQQS.L experiences smaller price fluctuations and is considered to be less risky than NESP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQS.L	NESP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	6.85%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	13.65%	14.24%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	17.23%	18.07%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.00%	24.77%	-3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	24.77%	-4.06%

EQQS.L vs. NESP.L - Expense Ratio Comparison

EQQS.L has a 0.20% expense ratio, which is lower than NESP.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EQQS.L vs. NESP.L - Dividend Comparison

Neither EQQS.L nor NESP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EQQS.L and NESP.L in my portfolio?

With a correlation of 0.95, EQQS.L and NESP.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.

Which ETF is better, EQQS.L or NESP.L?

On fees, EQQS.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, EQQS.L or NESP.L?

EQQS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for NESP.L.

What is the main difference between EQQS.L and NESP.L?

EQQS.L tracks NASDAQ - 100 Notional NTR Index, while NESP.L tracks Russell 1000 Growth TR USD. Their fees differ too: 0.20% for EQQS.L and 0.25% for NESP.L.