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

MXWO.L vs. EQQU.L

Last updated Jun 5, 2026

MXWO.L (Invesco MSCI World UCITS ETF) and EQQU.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - MXWO.L is a Global Equities fund tracking the MSCI ACWI NR USD, while EQQU.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, MXWO.L returned 13.12%/yr vs 21.19%/yr for EQQU.L. Their correlation of 0.86 suggests significant overlap in exposure. MXWO.L charges 0.19%/yr vs 0.30%/yr for EQQU.L.

Performance

MXWO.L vs. EQQU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI World UCITS ETF (MXWO.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, MXWO.L achieves a 9.99% return, which is significantly lower than EQQU.L's 19.55% return. Over the past 10 years, MXWO.L has underperformed EQQU.L with an annualized return of 13.12%, while EQQU.L has yielded a comparatively higher 21.19% annualized return.

MXWO.L

1D
0.04%
1M
4.21%
YTD
9.99%
6M
11.10%
1Y
26.14%
3Y*
20.86%
5Y*
11.92%
10Y*
13.12%

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)

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

2026 (YTD)202520242023202220212020201920182017
MXWO.L
Invesco MSCI World UCITS ETF		9.99%20.83%19.19%24.56%-18.08%22.12%16.27%27.41%-9.08%22.79%
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 MXWO.L and EQQU.L is 0.88, 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

0.88

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

0.88

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

0.89

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

0.87

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

0.86

The correlation between MXWO.L and EQQU.L has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

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

Sectors
MXWO.L
EQQU.L

Technology

28.3%
57.9%

Financial Services

15.7%
0.2%

Industrials

11.4%
2.8%

Consumer Cyclical

9.3%
11.6%

Communication Services

9.3%
14.5%

Healthcare

8.8%
3.7%

Consumer Defensive

5.2%
6.6%

Energy

4.2%
0.5%

Basic Materials

3.3%
1.0%

Utilities

2.7%
1.2%

Real Estate

1.9%
0.0%

Technology

MXWO.L
28.3%
EQQU.L
57.9%

Financial Services

MXWO.L
15.7%
EQQU.L
0.2%

Industrials

MXWO.L
11.4%
EQQU.L
2.8%

Consumer Cyclical

MXWO.L
9.3%
EQQU.L
11.6%

Communication Services

MXWO.L
9.3%
EQQU.L
14.5%

Healthcare

MXWO.L
8.8%
EQQU.L
3.7%

Consumer Defensive

MXWO.L
5.2%
EQQU.L
6.6%

Energy

MXWO.L
4.2%
EQQU.L
0.5%

Basic Materials

MXWO.L
3.3%
EQQU.L
1.0%

Utilities

MXWO.L
2.7%
EQQU.L
1.2%

Real Estate

MXWO.L
1.9%
EQQU.L
0.0%

Compare stocks, funds, or ETFs

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

Invesco MSCI World UCITS ETF

Invesco EQQQ NASDAQ-100 UCITS ETF

Often compared with MXWO.L:
MXWO.L vs. MXWS.LMXWO.L vs. SSAC.LMXWO.L vs. IWDA.LMXWO.L vs. URTHMXWO.L vs. VTMXWO.L vs. ^NDXMXWO.L vs. SPY5.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MXWO.L
MXWO.L Risk / Return Rank: 6969
Overall Rank
MXWO.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
MXWO.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
MXWO.L Omega Ratio Rank: 6868
Omega Ratio Rank
MXWO.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
MXWO.L Martin Ratio Rank: 7272
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWO.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.

MXWO.LEQQU.LDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.52

-0.33

Sortino ratioReturn per unit of downside risk
3.26
3.51

-0.25

Omega ratioGain probability vs. loss probability

1.40

1.43

-0.04

Calmar ratioReturn relative to maximum drawdown

3.12

3.64

-0.52

Martin ratioReturn relative to average drawdown

13.34

13.04

+0.30

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

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

The current MXWO.L Sharpe Ratio is 2.19, which is comparable to the EQQU.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of MXWO.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

MXWO.LEQQU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

2.52

-0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.85

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

1.06

-0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

0.95

-0.09

Drawdowns

MXWO.L vs. EQQU.L - Drawdown Comparison

The maximum MXWO.L drawdown since its inception was -33.89%, roughly equal to the maximum EQQU.L drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for MXWO.L and EQQU.L.

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Drawdown Indicators

MXWO.LEQQU.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.89%

-35.17%

+1.28%

Max Drawdown (1Y)

Largest decline over 1 year

-8.34%

-11.00%

+2.66%

Max Drawdown (3Y)

Largest decline over 3 years

-17.85%

-22.30%

+4.45%

Max Drawdown (5Y)

Largest decline over 5 years

-25.80%

-35.17%

+9.37%

Max Drawdown (10Y)

Largest decline over 10 years

-33.89%

-35.17%

+1.28%

Current Drawdown

Current decline from peak

-0.45%

-0.77%

+0.32%

Average Drawdown

Average peak-to-trough decline

-4.31%

-6.10%

+1.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

3.08%

-1.13%

Volatility

MXWO.L vs. EQQU.L - Volatility Comparison

The current volatility for Invesco MSCI World UCITS ETF (MXWO.L) is 3.32%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) has a volatility of 4.93%. This indicates that MXWO.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

MXWO.LEQQU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

4.93%

-1.61%

Volatility (6M)

Calculated over the trailing 6-month period

9.15%

11.88%

-2.73%

Volatility (1Y)

Calculated over the trailing 1-year period

11.88%

15.88%

-4.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.75%

20.76%

-5.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.93%

19.97%

-4.04%

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

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

Dividends

MXWO.L vs. EQQU.L - Dividend Comparison

MXWO.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%
MXWO.L
Invesco MSCI World UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MXWO.L and EQQU.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

MXWO.L is categorized as Global Equities, while EQQU.L is Nasdaq-100. MXWO.L tracks MSCI ACWI NR USD, while EQQU.L tracks NASDAQ-100 Index. Their fees differ too: 0.19% for MXWO.L and 0.30% for EQQU.L.

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