EQSG.L vs. ANXG.L

Last updated Jun 5, 2026

EQSG.L (Invesco Nasdaq-100 Swap UCITS ETF Acc) and ANXG.L (Amundi Nasdaq-100 UCITS USD) are both Nasdaq-100 funds - EQSG.L tracks the Russell 1000 Growth TR USD while ANXG.L tracks the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, EQSG.L returned 19.08%/yr vs 19.03%/yr for ANXG.L. With a 0.96 correlation, they move nearly in lockstep. EQSG.L charges 0.20%/yr vs 0.13%/yr for ANXG.L.

Performance

EQSG.L vs. ANXG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Nasdaq-100 Swap UCITS ETF Acc (EQSG.L) and Amundi Nasdaq-100 UCITS USD (ANXG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EQSG.L having a 19.91% return and ANXG.L slightly lower at 19.88%.

EQSG.L

• 1D: -0.75%
• 1M: 8.13%
• YTD: 19.91%
• 6M: 17.66%
• 1Y: 41.07%
• 3Y*: 24.92%
• 5Y*: 19.08%
• 10Y*: —

ANXG.L

• 1D: -0.64%
• 1M: 8.17%
• YTD: 19.88%
• 6M: 17.66%
• 1Y: 41.02%
• 3Y*: 24.84%
• 5Y*: 19.03%
• 10Y*: 22.61%

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

EQSG.L vs. ANXG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EQSG.L Invesco Nasdaq-100 Swap UCITS ETF Acc	19.91%	11.73%	28.75%	48.14%	-25.92%	32.20%
ANXG.L Amundi Nasdaq-100 UCITS USD	19.88%	11.70%	28.70%	48.00%	-25.42%	31.16%

Correlation

The correlation between EQSG.L and ANXG.L is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.96

The correlation between EQSG.L and ANXG.L has been stable across timeframes, ranging from 0.86 to 0.96 - a consistent structural relationship.

EQSG.L vs. ANXG.L - Sectors Allocation Comparison

Sectors	EQSG.L	ANXG.L
Technology	53.7%	53.7%
Communication Services	15.8%	15.8%
Consumer Cyclical	12.2%	12.2%
Consumer Defensive	7.7%	7.7%
Healthcare	4.2%	4.2%
Industrials	3.1%	3.1%
Utilities	1.4%	1.4%
Basic Materials	1.1%	1.1%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

EQSG.L vs. ANXG.L — Risk / Return Rank

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

EQSG.L

EQSG.L Risk / Return Rank: 37
EQSG.L Sharpe Ratio Rank: 27
EQSG.L Sortino Ratio Rank: 33
EQSG.L Omega Ratio Rank: 79
EQSG.L Calmar Ratio Rank: 28
EQSG.L Martin Ratio Rank: 20

ANXG.L

ANXG.L Risk / Return Rank: 78
ANXG.L Sharpe Ratio Rank: 87
ANXG.L Sortino Ratio Rank: 83
ANXG.L Omega Ratio Rank: 82
ANXG.L Calmar Ratio Rank: 75
ANXG.L Martin Ratio Rank: 62

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.

EQSG.L vs. ANXG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQSG.L) and Amundi Nasdaq-100 UCITS USD (ANXG.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.

	EQSG.L	ANXG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.85	-1.91
Sortino ratio: Return per unit of downside risk	1.73	3.67	-1.94
Omega ratio: Gain probability vs. loss probability	1.47	1.48	-0.02
Calmar ratio: Return relative to maximum drawdown	1.36	3.75	-2.39
Martin ratio: Return relative to average drawdown	2.21	10.95	-8.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQSG.L vs. ANXG.L - Sharpe Ratio Comparison

The current EQSG.L Sharpe Ratio is 0.94, which is lower than the ANXG.L Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of EQSG.L and ANXG.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

	EQSG.L	ANXG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.85	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.99	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.18	-0.62

Drawdowns

EQSG.L vs. ANXG.L - Drawdown Comparison

The maximum EQSG.L drawdown since its inception was -31.87%, which is greater than ANXG.L's maximum drawdown of -27.69%. Use the drawdown chart below to compare losses from any high point for EQSG.L and ANXG.L.

Drawdown Indicators

	EQSG.L	ANXG.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.87%	-27.69%	-4.18%
Max Drawdown (1Y) Largest decline over 1 year	-30.73%	-11.12%	-19.61%
Max Drawdown (3Y) Largest decline over 3 years	-31.87%	-24.54%	-7.33%
Max Drawdown (5Y) Largest decline over 5 years	-31.87%	-27.69%	-4.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.69%	—
Current Drawdown Current decline from peak	-10.55%	-0.64%	-9.91%
Average Drawdown Average peak-to-trough decline	-13.16%	-5.35%	-7.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.86%	3.81%	+15.05%

Volatility

EQSG.L vs. ANXG.L - Volatility Comparison

Invesco Nasdaq-100 Swap UCITS ETF Acc (EQSG.L) and Amundi Nasdaq-100 UCITS USD (ANXG.L) have volatilities of 4.19% and 4.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQSG.L	ANXG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	4.14%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	10.39%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	44.57%	14.62%	+29.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.45%	19.12%	+16.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.99%	19.31%	+15.68%

EQSG.L vs. ANXG.L - Expense Ratio Comparison

EQSG.L has a 0.20% expense ratio, which is higher than ANXG.L's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EQSG.L vs. ANXG.L - Dividend Comparison

Neither EQSG.L nor ANXG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EQSG.L and ANXG.L in my portfolio?

EQSG.L and ANXG.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQSG.L or ANXG.L?

On fees, ANXG.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQSG.L or ANXG.L?

ANXG.L is cheaper with a 0.13% expense ratio, compared with 0.20% for EQSG.L.

What is the main difference between EQSG.L and ANXG.L?

EQSG.L tracks Russell 1000 Growth TR USD, while ANXG.L tracks NASDAQ-100 Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for EQSG.L and 0.13% for ANXG.L.