IDFN.L vs. EQGB.L

Last updated Jun 5, 2026

IDFN.L (Invesco Defence Innovation UCITS ETF Acc) and EQGB.L (Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc) are both exchange-traded funds - IDFN.L is a Aerospace & Defense fund tracking the S&P Kensho Global Future Defense Index, while EQGB.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, IDFN.L returned 76.18% vs 37.80% for EQGB.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

IDFN.L vs. EQGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Defence Innovation UCITS ETF Acc (IDFN.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IDFN.L achieves a 36.89% return, which is significantly higher than EQGB.L's 18.57% return.

IDFN.L

• 1D: 1.75%
• 1M: 14.14%
• YTD: 36.89%
• 6M: 40.89%
• 1Y: 76.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EQGB.L

• 1D: -0.66%
• 1M: 7.50%
• YTD: 18.57%
• 6M: 19.28%
• 1Y: 37.80%
• 3Y*: 30.52%
• 5Y*: 15.13%
• 10Y*: —

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

IDFN.L vs. EQGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IDFN.L Invesco Defence Innovation UCITS ETF Acc	36.89%	55.93%	6.12%
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc	18.57%	28.61%	0.05%

Correlation

The correlation between IDFN.L and EQGB.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024	0.61

The correlation between IDFN.L and EQGB.L has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

IDFN.L vs. EQGB.L — Risk / Return Rank

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

IDFN.L

IDFN.L Risk / Return Rank: 85
IDFN.L Sharpe Ratio Rank: 89
IDFN.L Sortino Ratio Rank: 86
IDFN.L Omega Ratio Rank: 77
IDFN.L Calmar Ratio Rank: 91
IDFN.L Martin Ratio Rank: 83

EQGB.L

EQGB.L Risk / Return Rank: 73
EQGB.L Sharpe Ratio Rank: 77
EQGB.L Sortino Ratio Rank: 77
EQGB.L Omega Ratio Rank: 72
EQGB.L Calmar Ratio Rank: 70
EQGB.L Martin Ratio Rank: 68

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.

IDFN.L vs. EQGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Defence Innovation UCITS ETF Acc (IDFN.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.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.

	IDFN.L	EQGB.L	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.05	+0.88
Sortino ratio: Return per unit of downside risk	3.79	2.92	+0.87
Omega ratio: Gain probability vs. loss probability	1.45	1.34	+0.11
Calmar ratio: Return relative to maximum drawdown	5.66	2.52	+3.15
Martin ratio: Return relative to average drawdown	16.56	9.34	+7.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDFN.L vs. EQGB.L - Sharpe Ratio Comparison

The current IDFN.L Sharpe Ratio is 2.92, which is higher than the EQGB.L Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of IDFN.L and EQGB.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

	IDFN.L	EQGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	2.05	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.49	0.79	+1.70

Drawdowns

IDFN.L vs. EQGB.L - Drawdown Comparison

The maximum IDFN.L drawdown since its inception was -13.71%, smaller than the maximum EQGB.L drawdown of -47.56%. Use the drawdown chart below to compare losses from any high point for IDFN.L and EQGB.L.

Drawdown Indicators

	IDFN.L	EQGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-47.56%	+33.85%
Max Drawdown (1Y) Largest decline over 1 year	-13.39%	-14.96%	+1.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.56%	—
Current Drawdown Current decline from peak	-3.35%	-1.12%	-2.23%
Average Drawdown Average peak-to-trough decline	-2.99%	-9.54%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	4.03%	+0.56%

Volatility

IDFN.L vs. EQGB.L - Volatility Comparison

Invesco Defence Innovation UCITS ETF Acc (IDFN.L) has a higher volatility of 10.32% compared to Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) at 5.53%. This indicates that IDFN.L's price experiences larger fluctuations and is considered to be riskier than EQGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDFN.L	EQGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.32%	5.53%	+4.79%
Volatility (6M) Calculated over the trailing 6-month period	21.01%	13.97%	+7.04%
Volatility (1Y) Calculated over the trailing 1-year period	25.95%	18.40%	+7.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.88%	24.75%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.88%	24.79%	+2.09%

IDFN.L vs. EQGB.L - Expense Ratio Comparison

Both IDFN.L and EQGB.L have an expense ratio of 0.35%.

Dividends

IDFN.L vs. EQGB.L - Dividend Comparison

Neither IDFN.L nor EQGB.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%
IDFN.L Invesco Defence Innovation UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDFN.L and EQGB.L in my portfolio?

IDFN.L and EQGB.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDFN.L or EQGB.L?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDFN.L or EQGB.L?

IDFN.L and EQGB.L have the same expense ratio: 0.35% per year.

What is the main difference between IDFN.L and EQGB.L?

IDFN.L is categorized as Aerospace & Defense, while EQGB.L is Nasdaq-100. IDFN.L tracks S&P Kensho Global Future Defense Index, while EQGB.L tracks NASDAQ-100 Index.