EQQU.L vs. CNX1.L
Compare and contrast key facts about Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L).
EQQU.L and CNX1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQQU.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Dec 2, 2002. CNX1.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010. Both EQQU.L and CNX1.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQQU.L or CNX1.L.
Key characteristics
| EQQU.L | CNX1.L | |
|---|---|---|
| YTD Return | 24.49% | 25.09% |
| 1Y Return | 33.07% | 31.13% |
| 3Y Return (Ann) | 9.13% | 11.55% |
| 5Y Return (Ann) | 20.40% | 21.23% |
| Sharpe Ratio | 1.98 | 1.89 |
| Sortino Ratio | 2.68 | 2.58 |
| Omega Ratio | 1.36 | 1.34 |
| Calmar Ratio | 2.63 | 2.46 |
| Martin Ratio | 9.22 | 7.43 |
| Ulcer Index | 3.51% | 4.05% |
| Daily Std Dev | 16.35% | 15.84% |
| Max Drawdown | -35.54% | -27.56% |
| Current Drawdown | -0.27% | 0.00% |
Correlation
The correlation between EQQU.L and CNX1.L is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EQQU.L vs. CNX1.L - Performance Comparison
The year-to-date returns for both investments are quite close, with EQQU.L having a 24.49% return and CNX1.L slightly higher at 25.09%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EQQU.L vs. CNX1.L - Expense Ratio Comparison
EQQU.L has a 0.30% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.
Risk-Adjusted Performance
EQQU.L vs. CNX1.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.
Dividends
EQQU.L vs. CNX1.L - Dividend Comparison
Neither EQQU.L nor CNX1.L has paid dividends to shareholders.
Drawdowns
EQQU.L vs. CNX1.L - Drawdown Comparison
The maximum EQQU.L drawdown since its inception was -35.54%, which is greater than CNX1.L's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for EQQU.L and CNX1.L. For additional features, visit the drawdowns tool.
Volatility
EQQU.L vs. CNX1.L - Volatility Comparison
Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) has a higher volatility of 4.82% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 4.31%. This indicates that EQQU.L's price experiences larger fluctuations and is considered to be riskier than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.