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IUES.L vs. EQQQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUES.L vs. EQQQ.L

Last updated Jul 18, 2026
Documentation

IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IUES.L returned 8.75%/yr vs 20.62%/yr for EQQQ.L. At a 0.24 correlation, their price movements are largely independent. IUES.L charges 0.15%/yr vs 0.30%/yr for EQQQ.L.

Performance

IUES.L vs. EQQQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IUES.L achieves a 28.42% return, which is significantly higher than EQQQ.L's 12.53% return. Over the past 10 years, IUES.L has underperformed EQQQ.L with an annualized return of 8.75%, while EQQQ.L has yielded a comparatively higher 20.62% annualized return.

IUES.L

1D
0.75%
1M
5.21%
6M
21.22%
YTD
28.42%
1Y
36.37%
3Y*
14.53%
5Y*
22.23%
10Y*
8.75%

EQQQ.L

1D
-2.24%
1M
-4.31%
6M
11.96%
YTD
12.53%
1Y
24.18%
3Y*
22.73%
5Y*
14.66%
10Y*
20.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUES.L vs. EQQQ.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUES.L
iShares S&P 500 Energy Sector UCITS ETF USD (Acc)		28.42%9.91%3.87%-0.66%63.84%51.95%-33.35%8.70%-18.12%-1.05%
EQQQ.L
Invesco EQQQ NASDAQ-100 UCITS ETF		12.53%19.96%26.41%55.59%-33.50%28.41%47.71%39.05%-1.28%31.55%

Correlation

The correlation between IUES.L and EQQQ.L is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.19

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

0.02

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

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2015

0.24

The correlation between IUES.L and EQQQ.L shifts across timeframes, from -0.19 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

IUES.L vs. EQQQ.L - Sectors Allocation Comparison

Sectors
IUES.L
EQQQ.L

Energy

100.0%
0.4%

Basic Materials

-

1.1%

Communication Services

-

13.6%

Consumer Cyclical

-

11.0%

Consumer Defensive

-

6.3%

Financial Services

-

0.2%

Healthcare

-

3.6%

Industrials

-

3.0%

Real Estate

-

0.0%

Technology

-

59.6%

Utilities

-

1.1%

Energy

IUES.L
100.0%
EQQQ.L
0.4%

Basic Materials

IUES.L

-

EQQQ.L
1.1%

Communication Services

IUES.L

-

EQQQ.L
13.6%

Consumer Cyclical

IUES.L

-

EQQQ.L
11.0%

Consumer Defensive

IUES.L

-

EQQQ.L
6.3%

Financial Services

IUES.L

-

EQQQ.L
0.2%

Healthcare

IUES.L

-

EQQQ.L
3.6%

Industrials

IUES.L

-

EQQQ.L
3.0%

Real Estate

IUES.L

-

EQQQ.L
0.0%

Technology

IUES.L

-

EQQQ.L
59.6%

Utilities

IUES.L

-

EQQQ.L
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P 500 Energy Sector UCITS ETF USD (Acc)

Invesco EQQQ NASDAQ-100 UCITS ETF

Often compared with IUES.L:
IUES.L vs. XLEIUES.L vs. IXCIUES.L vs. CSPX.LIUES.L vs. WENS.LIUES.L vs. VUAA.LIUES.L vs. RSPGIUES.L vs. VWRA.L
Often compared with EQQQ.L:
EQQQ.L vs. QQQEQQQ.L vs. QQQMEQQQ.L vs. EQGB.LEQQQ.L vs. CNX1.LEQQQ.L vs. EQQU.LEQQQ.L vs. CSPX.LEQQQ.L vs. XNAQ.L

Return for Risk

IUES.L vs. EQQQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUES.L
IUES.L Risk / Return Rank: 5454
Overall Rank
IUES.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IUES.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
IUES.L Omega Ratio Rank: 5656
Omega Ratio Rank
IUES.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
IUES.L Martin Ratio Rank: 4444
Martin Ratio Rank
EQQQ.L
EQQQ.L Risk / Return Rank: 5151
Overall Rank
EQQQ.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
EQQQ.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
EQQQ.L Omega Ratio Rank: 5151
Omega Ratio Rank
EQQQ.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
EQQQ.L Martin Ratio Rank: 4646
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.

IUES.L vs. EQQQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IUES.LEQQQ.LDifference
Sharpe ratioReturn per unit of total volatility
1.59
1.41

+0.18

Sortino ratioReturn per unit of downside risk
2.09
2.02

+0.07

Omega ratioGain probability vs. loss probability

1.27

1.25

+0.03

Calmar ratioReturn relative to maximum drawdown

2.22

2.18

+0.03

Martin ratioReturn relative to average drawdown

5.67

7.39

-1.73

IUES.L vs. EQQQ.L - Sharpe Ratio Comparison

The current IUES.L Sharpe Ratio is 1.59, which is comparable to the EQQQ.L Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of IUES.L and EQQQ.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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Drawdowns

IUES.L vs. EQQQ.L - Drawdown Comparison

The maximum IUES.L drawdown since its inception was -66.79%, smaller than the maximum EQQQ.L drawdown of -73.86%. Use the drawdown chart below to compare losses from any high point for IUES.L and EQQQ.L.

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Drawdown Indicators

IUES.LEQQQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-66.79%

-73.86%

+7.07%

Max Drawdown (1Y)

Largest decline over 1 year

-16.33%

-11.03%

-5.30%

Max Drawdown (3Y)

Largest decline over 3 years

-20.90%

-22.63%

+1.73%

Max Drawdown (5Y)

Largest decline over 5 years

-27.98%

-35.27%

+7.29%

Max Drawdown (10Y)

Largest decline over 10 years

-66.79%

-35.27%

-31.52%

Current Drawdown

Current decline from peak

-8.88%

-6.59%

-2.29%

Average Drawdown

Average peak-to-trough decline

-14.18%

-17.10%

+2.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.40%

3.26%

+3.14%

Volatility

IUES.L vs. EQQQ.L - Volatility Comparison

iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a higher volatility of 6.91% compared to Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) at 6.46%. This indicates that IUES.L's price experiences larger fluctuations and is considered to be riskier 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

IUES.LEQQQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.91%

6.46%

+0.45%

Volatility (6M)

Calculated over the trailing 6-month period

19.69%

13.45%

+6.24%

Volatility (1Y)

Calculated over the trailing 1-year period

22.76%

17.13%

+5.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.74%

20.77%

+5.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.53%

19.94%

+8.59%

IUES.L vs. EQQQ.L - Expense Ratio Comparison

IUES.L has a 0.15% expense ratio, which is lower than EQQQ.L's 0.30% expense ratio.

Dividends

IUES.L vs. EQQQ.L - Dividend Comparison

IUES.L has not paid dividends to shareholders, while EQQQ.L's dividend yield for the trailing twelve months is around 0.24%.

PositionTTM20252024202320222021202020192018201720162015
EQQQ.L
Invesco EQQQ NASDAQ-100 UCITS ETF		0.24%0.29%0.38%0.39%0.56%0.25%0.41%0.56%0.63%0.67%0.77%0.72%
IUES.L
iShares S&P 500 Energy Sector UCITS ETF USD (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%

Frequently Asked Questions

IUES.L and EQQQ.L have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUES.L is cheaper with a 0.15% expense ratio, compared with 0.30% for EQQQ.L.

IUES.L is categorized as Energy Equities, while EQQQ.L is Nasdaq-100. IUES.L tracks MSCI World/Energy NR USD, while EQQQ.L tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for IUES.L and 0.30% for EQQQ.L.

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