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EQQU.L vs. ICLU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQQU.L vs. ICLU.L

Last updated Jun 26, 2026

EQQU.L (Invesco EQQQ NASDAQ-100 UCITS ETF) and ICLU.L (Invesco USD AAA CLO UCITS ETF Acc) are both exchange-traded funds - EQQU.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ICLU.L is a CLO fund actively managed by Invesco. EQQU.L is passively managed, while ICLU.L is actively managed. Over the past year, EQQU.L returned 32.45% vs 5.16% for ICLU.L. At a 0.03 correlation, their price movements are largely independent. EQQU.L charges 0.30%/yr vs 0.25%/yr for ICLU.L.

Performance

EQQU.L vs. ICLU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) and Invesco USD AAA CLO UCITS ETF Acc (ICLU.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, EQQU.L achieves a 15.52% return, which is significantly higher than ICLU.L's 2.45% return.

EQQU.L

1D
-0.43%
1M
-1.88%
YTD
15.52%
6M
14.82%
1Y
32.45%
3Y*
25.93%
5Y*
15.78%
10Y*
22.05%

ICLU.L

1D
0.06%
1M
0.44%
YTD
2.45%
6M
2.52%
1Y
5.16%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EQQU.L vs. ICLU.L - Yearly Performance Comparison

2026 (YTD)2025
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		15.52%18.22%
ICLU.L
Invesco USD AAA CLO UCITS ETF Acc		2.45%4.22%

Correlation

The correlation between EQQU.L and ICLU.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.05

Correlation (All Time)
Calculated using the full available price history since Feb 10, 2025

0.03

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

Invesco USD AAA CLO UCITS ETF Acc

Often compared with EQQU.L:
EQQU.L vs. EQQQ.LEQQU.L vs. CNDX.LEQQU.L vs. VUAA.LEQQU.L vs. SMHEQQU.L vs. QQQEQQU.L vs. CNX1.LEQQU.L vs. XLK
Often compared with ICLU.L:
ICLU.L vs. FTWG.LICLU.L vs. SPXP.LICLU.L vs. FWRG.LICLU.L vs. IB01.LICLU.L vs. FLOA.LICLU.L vs. IGDA.LICLU.L vs. EQGB.L

Return for Risk

EQQU.L vs. ICLU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQQU.L
EQQU.L Risk / Return Rank: 6767
Overall Rank
EQQU.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
EQQU.L Sortino Ratio Rank: 7070
Sortino Ratio Rank
EQQU.L Omega Ratio Rank: 6565
Omega Ratio Rank
EQQU.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
EQQU.L Martin Ratio Rank: 6464
Martin Ratio Rank
ICLU.L
ICLU.L Risk / Return Rank: 9797
Overall Rank
ICLU.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ICLU.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
ICLU.L Omega Ratio Rank: 9898
Omega Ratio Rank
ICLU.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
ICLU.L Martin Ratio Rank: 9797
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.

EQQU.L vs. ICLU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) and Invesco USD AAA CLO UCITS ETF Acc (ICLU.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.

EQQU.LICLU.LDifference
Sharpe ratioReturn per unit of total volatility
1.93
4.21

-2.28

Sortino ratioReturn per unit of downside risk
2.74
6.25

-3.51

Omega ratioGain probability vs. loss probability

1.34

2.27

-0.93

Calmar ratioReturn relative to maximum drawdown

2.94

8.17

-5.24

Martin ratioReturn relative to average drawdown

10.15

38.34

-28.19

EQQU.L vs. ICLU.L - Sharpe Ratio Comparison

The current EQQU.L Sharpe Ratio is 1.93, which is lower than the ICLU.L Sharpe Ratio of 4.21. The chart below compares the historical Sharpe Ratios of EQQU.L and ICLU.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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Drawdowns

EQQU.L vs. ICLU.L - Drawdown Comparison

The maximum EQQU.L drawdown since its inception was -35.17%, which is greater than ICLU.L's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for EQQU.L and ICLU.L.

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Drawdown Indicators

EQQU.LICLU.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.17%

-0.91%

-34.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.00%

-0.63%

-10.37%

Max Drawdown (3Y)

Largest decline over 3 years

-22.30%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-35.17%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-35.17%

—

—

Current Drawdown

Current decline from peak

-4.11%

0.00%

-4.11%

Average Drawdown

Average peak-to-trough decline

-6.04%

-0.08%

-5.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.19%

0.13%

+3.06%

Volatility

EQQU.L vs. ICLU.L - Volatility Comparison

Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) has a higher volatility of 6.43% compared to Invesco USD AAA CLO UCITS ETF Acc (ICLU.L) at 0.19%. This indicates that EQQU.L's price experiences larger fluctuations and is considered to be riskier than ICLU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQQU.LICLU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.43%

0.19%

+6.24%

Volatility (6M)

Calculated over the trailing 6-month period

13.16%

0.83%

+12.33%

Volatility (1Y)

Calculated over the trailing 1-year period

16.74%

1.22%

+15.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.92%

1.44%

+19.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.01%

1.44%

+18.57%

EQQU.L vs. ICLU.L - Expense Ratio Comparison

EQQU.L has a 0.30% expense ratio, which is higher than ICLU.L's 0.25% expense ratio.

Dividends

EQQU.L vs. ICLU.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		0.23%0.29%0.38%0.39%0.56%0.26%0.39%0.55%0.65%0.64%0.82%0.74%
ICLU.L
Invesco USD AAA CLO UCITS ETF Acc		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

EQQU.L and ICLU.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ICLU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ICLU.L is cheaper with a 0.25% expense ratio, compared with 0.30% for EQQU.L.

EQQU.L is categorized as Nasdaq-100, while ICLU.L is CLO. Their fees differ too: 0.30% for EQQU.L and 0.25% for ICLU.L.

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