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MXJP.L vs. EQQU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MXJP.L vs. EQQU.L

Last updated Jun 5, 2026

MXJP.L (Invesco MSCI Japan UCITS ETF) and EQQU.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - MXJP.L is a Japan Equities fund tracking the TOPIX TR JPY, while EQQU.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, MXJP.L returned 9.38%/yr vs 21.19%/yr for EQQU.L. A 0.58 correlation means they provide meaningful diversification when combined. MXJP.L charges 0.19%/yr vs 0.30%/yr for EQQU.L.

Performance

MXJP.L vs. EQQU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Japan UCITS ETF (MXJP.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MXJP.L achieves a 16.21% return, which is significantly lower than EQQU.L's 19.55% return. Over the past 10 years, MXJP.L has underperformed EQQU.L with an annualized return of 9.38%, while EQQU.L has yielded a comparatively higher 21.19% annualized return.

MXJP.L

1D
-0.49%
1M
5.18%
YTD
16.21%
6M
16.14%
1Y
32.62%
3Y*
18.54%
5Y*
8.94%
10Y*
9.38%

EQQU.L

1D
-0.70%
1M
8.49%
YTD
19.55%
6M
19.04%
1Y
40.23%
3Y*
27.98%
5Y*
17.59%
10Y*
21.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MXJP.L vs. EQQU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MXJP.L
Invesco MSCI Japan UCITS ETF		16.21%25.85%7.21%20.47%-17.12%0.75%16.23%18.11%-13.56%24.18%
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		19.55%19.75%26.54%56.27%-33.46%27.95%47.76%37.17%-1.67%30.96%

Correlation

The correlation between MXJP.L and EQQU.L is 0.54, 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

0.54

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

0.52

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

0.58

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

0.59

Correlation (All Time)
Calculated using the full available price history since Mar 25, 2015

0.58

The correlation between MXJP.L and EQQU.L has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

MXJP.L vs. EQQU.L - Sectors Allocation Comparison

Sectors
MXJP.L
EQQU.L

Industrials

26.0%
2.8%

Technology

19.1%
57.9%

Financial Services

17.5%
0.2%

Consumer Cyclical

12.2%
11.6%

Communication Services

7.9%
14.5%

Healthcare

6.3%
3.7%

Consumer Defensive

3.6%
6.6%

Basic Materials

3.0%
1.0%

Real Estate

2.3%
0.0%

Utilities

1.1%
1.2%

Energy

1.1%
0.5%

Industrials

MXJP.L
26.0%
EQQU.L
2.8%

Technology

MXJP.L
19.1%
EQQU.L
57.9%

Financial Services

MXJP.L
17.5%
EQQU.L
0.2%

Consumer Cyclical

MXJP.L
12.2%
EQQU.L
11.6%

Communication Services

MXJP.L
7.9%
EQQU.L
14.5%

Healthcare

MXJP.L
6.3%
EQQU.L
3.7%

Consumer Defensive

MXJP.L
3.6%
EQQU.L
6.6%

Basic Materials

MXJP.L
3.0%
EQQU.L
1.0%

Real Estate

MXJP.L
2.3%
EQQU.L
0.0%

Utilities

MXJP.L
1.1%
EQQU.L
1.2%

Energy

MXJP.L
1.1%
EQQU.L
0.5%

Compare stocks, funds, or ETFs

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Invesco MSCI Japan UCITS ETF

Invesco EQQQ NASDAQ-100 UCITS ETF

Often compared with MXJP.L:
MXJP.L vs. LGJG.LMXJP.L vs. VJPA.LMXJP.L vs. IJPN.LMXJP.L vs. SJPA.LMXJP.L vs. LCJP.LMXJP.L vs. DXJP.LMXJP.L vs. DXJA.L
Often compared with EQQU.L:
EQQU.L vs. EQQQ.LEQQU.L vs. CNDX.LEQQU.L vs. VUAA.LEQQU.L vs. SMHEQQU.L vs. QQQEQQU.L vs. CNX1.LEQQU.L vs. XLK

Return for Risk

MXJP.L vs. EQQU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MXJP.L
MXJP.L Risk / Return Rank: 4949
Overall Rank
MXJP.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
MXJP.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
MXJP.L Omega Ratio Rank: 4848
Omega Ratio Rank
MXJP.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
MXJP.L Martin Ratio Rank: 5050
Martin Ratio Rank
EQQU.L
EQQU.L Risk / Return Rank: 7575
Overall Rank
EQQU.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
EQQU.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
EQQU.L Omega Ratio Rank: 7474
Omega Ratio Rank
EQQU.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
EQQU.L Martin Ratio Rank: 7171
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.

MXJP.L vs. EQQU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan UCITS ETF (MXJP.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.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.

MXJP.LEQQU.LDifference
Sharpe ratioReturn per unit of total volatility
1.57
2.52

-0.95

Sortino ratioReturn per unit of downside risk
2.37
3.51

-1.14

Omega ratioGain probability vs. loss probability

1.30

1.43

-0.14

Calmar ratioReturn relative to maximum drawdown

2.56

3.64

-1.08

Martin ratioReturn relative to average drawdown

8.34

13.04

-4.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXJP.L vs. EQQU.L - Sharpe Ratio Comparison

The current MXJP.L Sharpe Ratio is 1.57, which is lower than the EQQU.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of MXJP.L and EQQU.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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Sharpe Ratios by Period

MXJP.LEQQU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.57

2.52

-0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.85

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

1.06

-0.51

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.95

-0.45

Drawdowns

MXJP.L vs. EQQU.L - Drawdown Comparison

The maximum MXJP.L drawdown since its inception was -32.48%, smaller than the maximum EQQU.L drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for MXJP.L and EQQU.L.

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Drawdown Indicators

MXJP.LEQQU.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.48%

-35.17%

+2.69%

Max Drawdown (1Y)

Largest decline over 1 year

-12.69%

-11.00%

-1.69%

Max Drawdown (3Y)

Largest decline over 3 years

-13.80%

-22.30%

+8.50%

Max Drawdown (5Y)

Largest decline over 5 years

-32.48%

-35.17%

+2.69%

Max Drawdown (10Y)

Largest decline over 10 years

-32.48%

-35.17%

+2.69%

Current Drawdown

Current decline from peak

-0.49%

-0.77%

+0.28%

Average Drawdown

Average peak-to-trough decline

-7.80%

-6.10%

-1.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.90%

3.08%

+0.82%

Volatility

MXJP.L vs. EQQU.L - Volatility Comparison

The current volatility for Invesco MSCI Japan UCITS ETF (MXJP.L) is 4.61%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) has a volatility of 4.93%. This indicates that MXJP.L experiences smaller price fluctuations and is considered to be less risky than EQQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MXJP.LEQQU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

4.93%

-0.32%

Volatility (6M)

Calculated over the trailing 6-month period

16.69%

11.88%

+4.81%

Volatility (1Y)

Calculated over the trailing 1-year period

20.68%

15.88%

+4.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.18%

20.76%

-2.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.26%

19.97%

-2.71%

MXJP.L vs. EQQU.L - Expense Ratio Comparison

MXJP.L has a 0.19% expense ratio, which is lower than EQQU.L's 0.30% expense ratio.

Dividends

MXJP.L vs. EQQU.L - Dividend Comparison

MXJP.L has not paid dividends to shareholders, while EQQU.L's dividend yield for the trailing twelve months is around 0.23%.

PositionTTM202520242023202220212020
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		0.23%0.29%0.38%0.39%0.56%0.26%0.11%
MXJP.L
Invesco MSCI Japan UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MXJP.L and EQQU.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MXJP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MXJP.L is cheaper with a 0.19% expense ratio, compared with 0.30% for EQQU.L.

MXJP.L is categorized as Japan Equities, while EQQU.L is Nasdaq-100. MXJP.L tracks TOPIX TR JPY, while EQQU.L tracks NASDAQ-100 Index. Their fees differ too: 0.19% for MXJP.L and 0.30% for EQQU.L.

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