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

EQSG.L vs. EQQU.L

Last updated Jun 5, 2026

EQSG.L (Invesco Nasdaq-100 Swap UCITS ETF Acc) and EQQU.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both Nasdaq-100 funds from Invesco - EQSG.L tracks the Russell 1000 Growth TR USD while EQQU.L tracks the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, EQSG.L returned 19.08%/yr vs 18.85%/yr for EQQU.L. Their correlation of 0.94 suggests significant overlap in exposure. EQSG.L charges 0.20%/yr vs 0.30%/yr for EQQU.L.

Performance

EQSG.L vs. EQQU.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 Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with EQSG.L having a 19.91% return and EQQU.L slightly higher at 19.99%.

EQSG.L

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

EQQU.L

1D
-0.73%
1M
8.15%
YTD
19.99%
6M
17.76%
1Y
40.67%
3Y*
24.76%
5Y*
18.85%
10Y*
22.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
EQSG.L
Invesco Nasdaq-100 Swap UCITS ETF Acc		19.91%11.73%28.75%48.14%-25.92%32.20%
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		19.99%11.22%28.75%48.45%-25.54%30.72%

Correlation

The correlation between EQSG.L and EQQU.L is 0.92, 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

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Mar 26, 2021

0.94

The correlation between EQSG.L and EQQU.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

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

Sectors
EQSG.L
EQQU.L

Technology

53.7%
57.9%

Communication Services

15.8%
14.5%

Consumer Cyclical

12.2%
11.6%

Consumer Defensive

7.7%
6.6%

Healthcare

4.2%
3.7%

Industrials

3.1%
2.8%

Utilities

1.4%
1.2%

Basic Materials

1.1%
1.0%

Energy

0.6%
0.5%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.0%

Technology

EQSG.L
53.7%
EQQU.L
57.9%

Communication Services

EQSG.L
15.8%
EQQU.L
14.5%

Consumer Cyclical

EQSG.L
12.2%
EQQU.L
11.6%

Consumer Defensive

EQSG.L
7.7%
EQQU.L
6.6%

Healthcare

EQSG.L
4.2%
EQQU.L
3.7%

Industrials

EQSG.L
3.1%
EQQU.L
2.8%

Utilities

EQSG.L
1.4%
EQQU.L
1.2%

Basic Materials

EQSG.L
1.1%
EQQU.L
1.0%

Energy

EQSG.L
0.6%
EQQU.L
0.5%

Financial Services

EQSG.L
0.2%
EQQU.L
0.2%

Real Estate

EQSG.L
0.1%
EQQU.L
0.0%

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Invesco Nasdaq-100 Swap UCITS ETF Acc

Invesco EQQQ NASDAQ-100 UCITS ETF

Often compared with EQSG.L:
EQSG.L vs. QQQMEQSG.L vs. EQQQ.LEQSG.L vs. QQQEQSG.L vs. NESP.LEQSG.L vs. CNX1.LEQSG.L vs. XNAQ.LEQSG.L vs. XLKQ.L
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

Return for Risk

EQSG.L vs. EQQU.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: 3737
Overall Rank
EQSG.L Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
EQSG.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
EQSG.L Omega Ratio Rank: 7979
Omega Ratio Rank
EQSG.L Calmar Ratio Rank: 2828
Calmar Ratio Rank
EQSG.L Martin Ratio Rank: 2020
Martin Ratio Rank
EQQU.L
EQQU.L Risk / Return Rank: 7575
Overall Rank
EQQU.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
EQQU.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
EQQU.L Omega Ratio Rank: 7474
Omega Ratio Rank
EQQU.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
EQQU.L Martin Ratio Rank: 7171
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.

EQSG.L vs. EQQU.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 Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.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.LEQQU.LDifference
Sharpe ratioReturn per unit of total volatility
0.94
2.61

-1.68

Sortino ratioReturn per unit of downside risk
1.73
3.50

-1.77

Omega ratioGain probability vs. loss probability

1.47

1.46

+0.01

Calmar ratioReturn relative to maximum drawdown

1.36

3.72

-2.36

Martin ratioReturn relative to average drawdown

2.21

10.52

-8.30

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. EQQU.L - Sharpe Ratio Comparison

The current EQSG.L Sharpe Ratio is 0.94, which is lower than the EQQU.L Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of EQSG.L and EQQU.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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Sharpe Ratios by Period

EQSG.LEQQU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.94

2.61

-1.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.94

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.10

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.99

-0.44

Drawdowns

EQSG.L vs. EQQU.L - Drawdown Comparison

The maximum EQSG.L drawdown since its inception was -31.87%, which is greater than EQQU.L's maximum drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for EQSG.L and EQQU.L.

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Drawdown Indicators

EQSG.LEQQU.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.87%

-27.75%

-4.12%

Max Drawdown (1Y)

Largest decline over 1 year

-30.73%

-11.12%

-19.61%

Max Drawdown (3Y)

Largest decline over 3 years

-31.87%

-24.26%

-7.61%

Max Drawdown (5Y)

Largest decline over 5 years

-31.87%

-27.75%

-4.12%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.75%

—

Current Drawdown

Current decline from peak

-10.55%

-0.73%

-9.82%

Average Drawdown

Average peak-to-trough decline

-13.16%

-5.38%

-7.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.86%

3.94%

+14.92%

Volatility

EQSG.L vs. EQQU.L - Volatility Comparison

The current volatility for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQSG.L) is 4.19%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) has a volatility of 4.92%. This indicates that EQSG.L experiences smaller price fluctuations and is considered to be less risky than EQQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQSG.LEQQU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.19%

4.92%

-0.73%

Volatility (6M)

Calculated over the trailing 6-month period

10.27%

11.61%

-1.34%

Volatility (1Y)

Calculated over the trailing 1-year period

44.57%

15.81%

+28.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.45%

20.02%

+15.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.99%

20.15%

+14.84%

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

EQSG.L has a 0.20% expense ratio, which is lower than EQQU.L's 0.30% expense ratio.

Dividends

EQSG.L vs. EQQU.L - Dividend Comparison

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

PositionTTM202520242023202220212020
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		0.23%0.29%0.38%0.39%0.56%0.26%0.11%
EQSG.L
Invesco Nasdaq-100 Swap UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.92, EQSG.L and EQQU.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.

On fees, EQSG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EQSG.L is cheaper with a 0.20% expense ratio, compared with 0.30% for EQQU.L.

EQSG.L tracks Russell 1000 Growth TR USD, while EQQU.L tracks NASDAQ-100 Index. Their fees differ too: 0.20% for EQSG.L and 0.30% for EQQU.L.

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