NASL.L vs. NESP.L

Last updated Jun 5, 2026

NASL.L (Lyxor UCITS Nasdaq-100 D-EUR) and NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both Nasdaq-100 funds tracking the Russell 1000 Growth TR USD, from Amundi and Invesco respectively. Both are passively managed. Over the past 3 years, NASL.L returned 24.89%/yr vs 25.65%/yr for NESP.L. With a 0.96 correlation, they move nearly in lockstep. NASL.L charges 0.30%/yr vs 0.25%/yr for NESP.L.

Performance

NASL.L vs. NESP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor UCITS Nasdaq-100 D-EUR (NASL.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NASL.L having a 19.92% return and NESP.L slightly higher at 20.57%.

NASL.L

• 1D: -0.74%
• 1M: 9.61%
• YTD: 19.92%
• 6M: 18.45%
• 1Y: 41.87%
• 3Y*: 24.89%
• 5Y*: 19.05%
• 10Y*: —

NESP.L

• 1D: -0.61%
• 1M: 10.79%
• YTD: 20.57%
• 6M: 19.40%
• 1Y: 44.13%
• 3Y*: 25.65%
• 5Y*: —
• 10Y*: —

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

NASL.L vs. NESP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NASL.L Lyxor UCITS Nasdaq-100 D-EUR	19.92%	11.71%	28.78%	47.95%	-25.38%	6.72%
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	20.57%	12.78%	28.66%	48.13%	-25.12%	8.81%

Correlation

The correlation between NASL.L and NESP.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	0.95
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.96

The correlation between NASL.L and NESP.L has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

Return for Risk

NASL.L vs. NESP.L — Risk / Return Rank

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

NASL.L

NASL.L Risk / Return Rank: 78
NASL.L Sharpe Ratio Rank: 87
NASL.L Sortino Ratio Rank: 83
NASL.L Omega Ratio Rank: 82
NASL.L Calmar Ratio Rank: 76
NASL.L Martin Ratio Rank: 62

NESP.L

NESP.L Risk / Return Rank: 77
NESP.L Sharpe Ratio Rank: 87
NESP.L Sortino Ratio Rank: 84
NESP.L Omega Ratio Rank: 83
NESP.L Calmar Ratio Rank: 74
NESP.L Martin Ratio Rank: 59

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.

NASL.L vs. NESP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS Nasdaq-100 D-EUR (NASL.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.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.

	NASL.L	NESP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.85	2.86	-0.01
Sortino ratio: Return per unit of downside risk	3.68	3.70	-0.02
Omega ratio: Gain probability vs. loss probability	1.49	1.49	0.00
Calmar ratio: Return relative to maximum drawdown	3.76	3.67	+0.09
Martin ratio: Return relative to average drawdown	10.99	10.38	+0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NASL.L vs. NESP.L - Sharpe Ratio Comparison

The current NASL.L Sharpe Ratio is 2.85, which is comparable to the NESP.L Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of NASL.L and NESP.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.

Sharpe Ratios by Period

	NASL.L	NESP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.86	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.60	+0.45

Drawdowns

NASL.L vs. NESP.L - Drawdown Comparison

The maximum NASL.L drawdown since its inception was -27.49%, roughly equal to the maximum NESP.L drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for NASL.L and NESP.L.

Drawdown Indicators

	NASL.L	NESP.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-26.62%	-0.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-11.96%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-24.53%	-26.10%	+1.57%
Max Drawdown (5Y) Largest decline over 5 years	-27.49%	—	—
Current Drawdown Current decline from peak	-0.74%	-0.61%	-0.13%
Average Drawdown Average peak-to-trough decline	-6.14%	-10.26%	+4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	4.24%	-0.44%

Volatility

NASL.L vs. NESP.L - Volatility Comparison

The current volatility for Lyxor UCITS Nasdaq-100 D-EUR (NASL.L) is 4.15%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) has a volatility of 4.41%. This indicates that NASL.L experiences smaller price fluctuations and is considered to be less risky than NESP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NASL.L	NESP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.41%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	10.95%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	15.35%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.01%	29.41%	-10.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	29.41%	-9.51%

NASL.L vs. NESP.L - Expense Ratio Comparison

NASL.L has a 0.30% expense ratio, which is higher than NESP.L's 0.25% expense ratio.

Dividends

NASL.L vs. NESP.L - Dividend Comparison

Neither NASL.L nor NESP.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NASL.L Lyxor UCITS Nasdaq-100 D-EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.69%	0.68%
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NASL.L and NESP.L in my portfolio?

NASL.L and NESP.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.

Which ETF is better, NASL.L or NESP.L?

On fees, NESP.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NASL.L or NESP.L?

NESP.L is cheaper with a 0.25% expense ratio, compared with 0.30% for NASL.L.

What is the main difference between NASL.L and NESP.L?

Both ETFs track Russell 1000 Growth TR USD. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.30% for NASL.L and 0.25% for NESP.L.