IUMF.L vs. EQQD.L

Last updated Jun 25, 2026

IUMF.L (iShares Edge MSCI USA Momentum Factor UCITS ETF) and EQQD.L (Invesco Nasdaq-100 Swap UCITS ETF Dist) are both exchange-traded funds - IUMF.L is a Momentum fund tracking the MSCI USA Momentum Index, while EQQD.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 5 years, IUMF.L returned 15.68%/yr vs 17.34%/yr for EQQD.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

IUMF.L vs. EQQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) and Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IUMF.L achieves a 36.10% return, which is significantly higher than EQQD.L's 18.86% return.

IUMF.L

• 1D: 0.36%
• 1M: 10.89%
• YTD: 36.10%
• 6M: 34.90%
• 1Y: 47.38%
• 3Y*: 30.99%
• 5Y*: 15.68%
• 10Y*: —

EQQD.L

• 1D: 0.41%
• 1M: 1.50%
• YTD: 18.86%
• 6M: 18.41%
• 1Y: 38.06%
• 3Y*: 24.87%
• 5Y*: 17.34%
• 10Y*: —

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

IUMF.L vs. EQQD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IUMF.L iShares Edge MSCI USA Momentum Factor UCITS ETF	36.10%	9.14%	34.88%	3.74%	-8.43%	13.36%
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist	18.86%	11.36%	28.95%	48.81%	-25.39%	19.78%

Correlation

The correlation between IUMF.L and EQQD.L is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 21, 2021	0.72

The correlation between IUMF.L and EQQD.L shifts across timeframes, from 0.72 (5 years) to 0.82 (3 years), reflecting how their relationship changes across market environments.

IUMF.L vs. EQQD.L - Sectors Allocation Comparison

Sectors	IUMF.L	EQQD.L
Technology	50.0%	53.7%
Industrials	16.5%	3.1%
Energy	7.0%	0.6%
Financial Services	6.4%	0.2%
Communication Services	5.2%	15.8%
Healthcare	4.8%	4.2%
Consumer Defensive	3.3%	7.7%
Consumer Cyclical	2.6%	12.2%
Basic Materials	2.1%	1.1%
Utilities	1.1%	1.4%
Real Estate	1.0%	0.1%

Return for Risk

IUMF.L vs. EQQD.L — Risk / Return Rank

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

IUMF.L

IUMF.L Risk / Return Rank: 85
IUMF.L Sharpe Ratio Rank: 85
IUMF.L Sortino Ratio Rank: 85
IUMF.L Omega Ratio Rank: 81
IUMF.L Calmar Ratio Rank: 91
IUMF.L Martin Ratio Rank: 85

EQQD.L

EQQD.L Risk / Return Rank: 69
EQQD.L Sharpe Ratio Rank: 71
EQQD.L Sortino Ratio Rank: 71
EQQD.L Omega Ratio Rank: 67
EQQD.L Calmar Ratio Rank: 68
EQQD.L Martin Ratio Rank: 66

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.

IUMF.L vs. EQQD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) and Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.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.

	IUMF.L	EQQD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.27	+0.16
Sortino ratio: Return per unit of downside risk	3.35	3.08	+0.28
Omega ratio: Gain probability vs. loss probability	1.43	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	5.06	3.41	+1.65
Martin ratio: Return relative to average drawdown	15.81	9.54	+6.27

IUMF.L vs. EQQD.L - Sharpe Ratio Comparison

The current IUMF.L Sharpe Ratio is 2.43, which is comparable to the EQQD.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of IUMF.L and EQQD.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.

Drawdowns

IUMF.L vs. EQQD.L - Drawdown Comparison

The maximum IUMF.L drawdown since its inception was -25.23%, smaller than the maximum EQQD.L drawdown of -27.45%. Use the drawdown chart below to compare losses from any high point for IUMF.L and EQQD.L.

Drawdown Indicators

	IUMF.L	EQQD.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.23%	-27.45%	+2.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-11.10%	+1.78%
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	-24.40%	+1.84%
Max Drawdown (5Y) Largest decline over 5 years	-24.37%	-27.45%	+3.08%
Current Drawdown Current decline from peak	-2.43%	-2.48%	+0.05%
Average Drawdown Average peak-to-trough decline	-8.56%	-7.26%	-1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	3.98%	-0.99%

Volatility

IUMF.L vs. EQQD.L - Volatility Comparison

iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) has a higher volatility of 8.55% compared to Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) at 6.66%. This indicates that IUMF.L's price experiences larger fluctuations and is considered to be riskier than EQQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUMF.L	EQQD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.55%	6.66%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	12.83%	+3.54%
Volatility (1Y) Calculated over the trailing 1-year period	19.40%	16.71%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.24%	20.15%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.78%	20.13%	+19.65%

IUMF.L vs. EQQD.L - Expense Ratio Comparison

Both IUMF.L and EQQD.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IUMF.L vs. EQQD.L - Dividend Comparison

IUMF.L has not paid dividends to shareholders, while EQQD.L's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023	2022	2021
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist	0.59%	0.64%	0.75%	0.75%	0.95%	0.31%
IUMF.L iShares Edge MSCI USA Momentum Factor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IUMF.L and EQQD.L in my portfolio?

IUMF.L and EQQD.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUMF.L or EQQD.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUMF.L or EQQD.L?

IUMF.L and EQQD.L have the same expense ratio: 0.20% per year.

What is the main difference between IUMF.L and EQQD.L?

IUMF.L is categorized as Momentum, while EQQD.L is Nasdaq-100. IUMF.L tracks MSCI USA Momentum Index, while EQQD.L tracks Russell 1000 Growth TR USD. They also come from different issuers: iShares and Invesco.