EQQU.L vs. SGLP.L

Last updated Jun 5, 2026

EQQU.L (Invesco EQQQ NASDAQ-100 UCITS ETF) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - EQQU.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, EQQU.L returned 21.19%/yr vs 13.43%/yr for SGLP.L. At a correlation of -0.00, they often move in opposite directions. EQQU.L charges 0.30%/yr vs 0.12%/yr for SGLP.L.

Performance

EQQU.L vs. SGLP.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 Physical Gold A (SGLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EQQU.L achieves a 19.55% return, which is significantly higher than SGLP.L's 3.72% return. Over the past 10 years, EQQU.L has outperformed SGLP.L with an annualized return of 21.19%, while SGLP.L has yielded a comparatively lower 13.43% annualized return.

EQQU.L

• 1D: -0.70%
• 1M: 6.80%
• YTD: 19.55%
• 6M: 18.58%
• 1Y: 39.12%
• 3Y*: 27.98%
• 5Y*: 17.59%
• 10Y*: 21.19%

SGLP.L

• 1D: 0.76%
• 1M: -4.74%
• YTD: 3.72%
• 6M: 5.97%
• 1Y: 33.23%
• 3Y*: 31.45%
• 5Y*: 18.61%
• 10Y*: 13.43%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQQU.L Invesco EQQQ NASDAQ-100 UCITS ETF	19.55%	19.75%	26.54%	56.27%	-33.46%	27.95%	47.76%	37.17%	-1.67%	30.96%
SGLP.L Invesco Physical Gold A	3.72%	65.19%	26.00%	12.92%	-0.12%	-3.76%	23.67%	19.25%	-1.60%	11.32%

Correlation

The correlation between EQQU.L and SGLP.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Mar 25, 2015	-0.00

The correlation between EQQU.L and SGLP.L shifts across timeframes, from -0.00 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EQQU.L vs. SGLP.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: 75
EQQU.L Sharpe Ratio Rank: 79
EQQU.L Sortino Ratio Rank: 80
EQQU.L Omega Ratio Rank: 74
EQQU.L Calmar Ratio Rank: 74
EQQU.L Martin Ratio Rank: 71

SGLP.L

SGLP.L Risk / Return Rank: 40
SGLP.L Sharpe Ratio Rank: 42
SGLP.L Sortino Ratio Rank: 37
SGLP.L Omega Ratio Rank: 47
SGLP.L Calmar Ratio Rank: 39
SGLP.L Martin Ratio Rank: 34

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. SGLP.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 Physical Gold A (SGLP.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.

	EQQU.L	SGLP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.34	+1.18
Sortino ratio: Return per unit of downside risk	3.51	1.79	+1.72
Omega ratio: Gain probability vs. loss probability	1.43	1.25	+0.18
Calmar ratio: Return relative to maximum drawdown	3.64	1.82	+1.82
Martin ratio: Return relative to average drawdown	13.04	4.77	+8.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EQQU.L Sharpe Ratio is 2.52, which is higher than the SGLP.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of EQQU.L and SGLP.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.

Sharpe Ratios by Period

	EQQU.L	SGLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	1.34	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	1.07	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.06	0.85	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.45	+0.50

Drawdowns

EQQU.L vs. SGLP.L - Drawdown Comparison

The maximum EQQU.L drawdown since its inception was -35.17%, smaller than the maximum SGLP.L drawdown of -41.88%. Use the drawdown chart below to compare losses from any high point for EQQU.L and SGLP.L.

Drawdown Indicators

	EQQU.L	SGLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.17%	-41.88%	+6.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.00%	-17.77%	+6.77%
Max Drawdown (3Y) Largest decline over 3 years	-22.30%	-17.77%	-4.53%
Max Drawdown (5Y) Largest decline over 5 years	-35.17%	-21.43%	-13.74%
Max Drawdown (10Y) Largest decline over 10 years	-35.17%	-21.51%	-13.66%
Current Drawdown Current decline from peak	-0.77%	-15.85%	+15.08%
Average Drawdown Average peak-to-trough decline	-6.10%	-18.10%	+12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	6.80%	-3.72%

Volatility

EQQU.L vs. SGLP.L - Volatility Comparison

The current volatility for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) is 4.93%, while Invesco Physical Gold A (SGLP.L) has a volatility of 5.75%. This indicates that EQQU.L experiences smaller price fluctuations and is considered to be less risky than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQU.L	SGLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	5.75%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	20.88%	-9.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	24.11%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.76%	17.40%	+3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.97%	15.76%	+4.21%

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

EQQU.L has a 0.30% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.

Dividends

EQQU.L vs. SGLP.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020
EQQU.L Invesco EQQQ NASDAQ-100 UCITS ETF	0.23%	0.29%	0.38%	0.39%	0.56%	0.26%	0.11%
SGLP.L Invesco Physical Gold A	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQQU.L and SGLP.L in my portfolio?

EQQU.L and SGLP.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQQU.L or SGLP.L?

On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQQU.L or SGLP.L?

SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.30% for EQQU.L.

What is the main difference between EQQU.L and SGLP.L?

EQQU.L is categorized as Nasdaq-100, while SGLP.L is Precious Metals. EQQU.L tracks NASDAQ-100 Index, while SGLP.L tracks Gold. Their fees differ too: 0.30% for EQQU.L and 0.12% for SGLP.L.