IBTM.L vs. EQAC.MI
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and EQAC.MI (Invesco EQQQ NASDAQ-100 UCITS ETF Acc) are both exchange-traded funds - IBTM.L is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while EQAC.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IBTM.L returned -0.02%/yr vs 18.83%/yr for EQAC.MI. At a correlation of -0.04, they often move in opposite directions. IBTM.L charges 0.07%/yr vs 0.30%/yr for EQAC.MI.
Performance
IBTM.L vs. EQAC.MI - Performance Comparison
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Different Trading Currencies
IBTM.L is traded in GBP, while EQAC.MI is traded in EUR. To make them comparable, the EQAC.MI values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTM.L achieves a -0.45% return, which is significantly lower than EQAC.MI's 19.38% return.
IBTM.L
- 1D
- 0.18%
- 1M
- 1.03%
- YTD
- -0.45%
- 6M
- -0.81%
- 1Y
- 5.41%
- 3Y*
- 0.62%
- 5Y*
- -0.02%
- 10Y*
- 1.38%
EQAC.MI
- 1D
- -0.71%
- 1M
- 5.92%
- YTD
- 19.38%
- 6M
- 17.46%
- 1Y
- 40.89%
- 3Y*
- 24.71%
- 5Y*
- 18.83%
- 10Y*
- —
IBTM.L vs. EQAC.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | -0.45% | 0.89% | 1.46% | -2.26% | -4.74% | -1.77% | 6.02% | -2.51% |
EQAC.MI Invesco EQQQ NASDAQ-100 UCITS ETF Acc | 19.38% | 12.34% | 29.20% | 47.29% | -26.46% | 30.12% | 43.07% | 5.27% |
Correlation
The correlation between IBTM.L and EQAC.MI is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019 | -0.04 |
The correlation between IBTM.L and EQAC.MI shifts across timeframes, from -0.04 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTM.L vs. EQAC.MI — Risk / Return Rank
IBTM.L
EQAC.MI
IBTM.L vs. EQAC.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) and Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI). 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.
| IBTM.L | EQAC.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.48 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 3.77 | -2.80 |
| Martin ratioReturn relative to average drawdown | 2.30 | 10.98 | -8.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTM.L | EQAC.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.77 | -1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.97 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 1.08 | -1.05 |
Drawdowns
IBTM.L vs. EQAC.MI - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -52.39%, which is greater than EQAC.MI's maximum drawdown of -27.33%. Use the drawdown chart below to compare losses from any high point for IBTM.L and EQAC.MI.
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Drawdown Indicators
| IBTM.L | EQAC.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -27.33% | -25.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -11.03% | +5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -25.06% | +17.49% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -27.33% | +11.04% |
Max Drawdown (10Y)Largest decline over 10 years | -26.54% | — | — |
Current DrawdownCurrent decline from peak | -21.39% | -0.71% | -20.68% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -6.46% | -14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 3.78% | -1.43% |
Volatility
IBTM.L vs. EQAC.MI - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) is 1.59%, while Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) has a volatility of 4.61%. This indicates that IBTM.L experiences smaller price fluctuations and is considered to be less risky than EQAC.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTM.L | EQAC.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 4.61% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 10.58% | -6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 14.97% | -8.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 19.22% | -9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 20.67% | -10.08% |
IBTM.L vs. EQAC.MI - Expense Ratio Comparison
IBTM.L has a 0.07% expense ratio, which is lower than EQAC.MI's 0.30% expense ratio.
Dividends
IBTM.L vs. EQAC.MI - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 4.36%, while EQAC.MI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQAC.MI Invesco EQQQ NASDAQ-100 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% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 4.36% | 4.19% | 3.94% | 3.16% | 1.96% | 1.14% | 1.69% | 2.53% | 2.34% | 2.02% | 1.79% | 1.97% |
Frequently Asked Questions
IBTM.L and EQAC.MI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTM.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM.L is cheaper with a 0.07% expense ratio, compared with 0.30% for EQAC.MI.
IBTM.L is categorized as Government Bonds, while EQAC.MI is Nasdaq-100. IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while EQAC.MI tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IBTM.L and 0.30% for EQAC.MI.
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