IGCB.L vs. EQQQ.L
IGCB.L (Invesco GBP Corporate Bond UCITS ETF Dist) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - IGCB.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts TR, while EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IGCB.L returned -0.66%/yr vs 18.87%/yr for EQQQ.L. At a 0.09 correlation, their price movements are largely independent. IGCB.L charges 0.10%/yr vs 0.30%/yr for EQQQ.L.
Performance
IGCB.L vs. EQQQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGCB.L achieves a -0.24% return, which is significantly lower than EQQQ.L's 19.86% return.
IGCB.L
- 1D
- 0.24%
- 1M
- 1.78%
- YTD
- -0.24%
- 6M
- 0.09%
- 1Y
- 4.63%
- 3Y*
- 6.06%
- 5Y*
- -0.66%
- 10Y*
- —
EQQQ.L
- 1D
- -0.63%
- 1M
- 9.63%
- YTD
- 19.86%
- 6M
- 18.38%
- 1Y
- 41.62%
- 3Y*
- 24.65%
- 5Y*
- 18.87%
- 10Y*
- 22.47%
IGCB.L vs. EQQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | -0.24% | 6.83% | 1.93% | 9.20% | -18.57% | -4.00% | 8.69% |
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 19.86% | 11.54% | 28.55% | 47.79% | -25.54% | 29.59% | 49.88% |
Correlation
The correlation between IGCB.L and EQQQ.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020 | 0.09 |
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Return for Risk
IGCB.L vs. EQQQ.L — Risk / Return Rank
IGCB.L
EQQQ.L
IGCB.L vs. EQQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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.
| IGCB.L | EQQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.50 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.78 | -2.63 |
| Martin ratioReturn relative to average drawdown | 3.35 | 11.13 | -7.79 |
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
| IGCB.L | EQQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 2.82 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.99 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.92 | -0.90 |
Drawdowns
IGCB.L vs. EQQQ.L - Drawdown Comparison
The maximum IGCB.L drawdown since its inception was -30.44%, smaller than the maximum EQQQ.L drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for IGCB.L and EQQQ.L.
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Drawdown Indicators
| IGCB.L | EQQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -33.75% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -10.97% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -24.09% | +20.09% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -27.76% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.76% | — |
Current DrawdownCurrent decline from peak | -7.54% | -0.63% | -6.91% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -5.61% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 3.73% | -2.35% |
Volatility
IGCB.L vs. EQQQ.L - Volatility Comparison
The current volatility for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) is 2.17%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) has a volatility of 4.15%. This indicates that IGCB.L experiences smaller price fluctuations and is considered to be less risky than EQQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGCB.L | EQQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 4.15% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 10.33% | -5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 14.70% | -8.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.65% | 19.14% | -11.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 19.35% | -11.62% |
IGCB.L vs. EQQQ.L - Expense Ratio Comparison
IGCB.L has a 0.10% expense ratio, which is lower than EQQQ.L's 0.30% expense ratio.
Dividends
IGCB.L vs. EQQQ.L - Dividend Comparison
IGCB.L's dividend yield for the trailing twelve months is around 5.27%, more than EQQQ.L's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.38% | 0.39% | 0.56% | 0.25% | 0.41% | 0.56% | 0.63% | 0.67% | 0.77% | 0.72% |
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | 5.27% | 5.18% | 5.18% | 4.26% | 2.54% | 1.74% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGCB.L and EQQQ.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGCB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGCB.L is cheaper with a 0.10% expense ratio, compared with 0.30% for EQQQ.L.
IGCB.L is categorized as European Corporate Bonds, while EQQQ.L is Nasdaq-100. IGCB.L tracks Markit iBoxx GBP NonGilts TR, while EQQQ.L tracks NASDAQ-100 Index. Their fees differ too: 0.10% for IGCB.L and 0.30% for EQQQ.L.
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