NESG.L vs. FPX.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) and First Trust US IPO Index UCITS ETF (FPX.L).

NESG.L and FPX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NESG.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 ESG Index®. It was launched on Oct 25, 2021. FPX.L is a passively managed fund by First Trust that tracks the performance of the Russell 1000 Growth TR USD. It was launched on Aug 14, 2015. Both NESG.L and FPX.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NESG.L vs. FPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) and First Trust US IPO Index UCITS ETF (FPX.L). The values are adjusted to include any dividend payments, if applicable.

NESG.L vs. FPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NESG.L Invesco NASDAQ-100 ESG UCITS ETF Acc	-5.70%	21.09%	26.52%	56.71%	-32.09%	1.40%
FPX.L First Trust US IPO Index UCITS ETF	-1.86%	36.52%	24.89%	23.33%	-35.80%	-7.76%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, NESG.L achieves a -5.70% return, which is significantly lower than FPX.L's -1.86% return.

NESG.L

• 1D: 3.45%
• 1M: -2.31%
• YTD: -5.70%
• 6M: -2.59%
• 1Y: 25.89%
• 3Y*: 23.40%
• 5Y*: —
• 10Y*: —

FPX.L

• 1D: 4.53%
• 1M: -2.73%
• YTD: -1.86%
• 6M: -2.10%
• 1Y: 43.75%
• 3Y*: 24.62%
• 5Y*: 6.18%
• 10Y*: —

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

NESG.L vs. FPX.L - Expense Ratio Comparison

NESG.L has a 0.25% expense ratio, which is lower than FPX.L's 0.65% expense ratio.

FPX.L

First Trust US IPO Index UCITS ETF

NESG.L

Invesco NASDAQ-100 ESG UCITS ETF Acc

Return for Risk

NESG.L vs. FPX.L — Risk / Return Rank

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

NESG.L

NESG.L Risk / Return Rank: 69
NESG.L Sharpe Ratio Rank: 70
NESG.L Sortino Ratio Rank: 72
NESG.L Omega Ratio Rank: 65
NESG.L Calmar Ratio Rank: 72
NESG.L Martin Ratio Rank: 66

FPX.L

FPX.L Risk / Return Rank: 77
FPX.L Sharpe Ratio Rank: 75
FPX.L Sortino Ratio Rank: 76
FPX.L Omega Ratio Rank: 67
FPX.L Calmar Ratio Rank: 88
FPX.L Martin Ratio Rank: 80

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.

NESG.L vs. FPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) and First Trust US IPO Index UCITS ETF (FPX.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.

	NESG.L	FPX.L	Difference
Sharpe ratio Return per unit of total volatility	1.30	1.55	-0.25
Sortino ratio Return per unit of downside risk	1.90	2.21	-0.31
Omega ratio Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio Return relative to maximum drawdown	2.10	3.16	-1.06
Martin ratio Return relative to average drawdown	7.46	11.35	-3.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NESG.L vs. FPX.L - Sharpe Ratio Comparison

The current NESG.L Sharpe Ratio is 1.30, which is comparable to the FPX.L Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of NESG.L and FPX.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NESG.L	FPX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.55	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.66	-0.15

Correlation

The correlation between NESG.L and FPX.L is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NESG.L vs. FPX.L - Dividend Comparison

Neither NESG.L nor FPX.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NESG.L vs. FPX.L - Drawdown Comparison

The maximum NESG.L drawdown since its inception was -34.69%, smaller than the maximum FPX.L drawdown of -43.89%. Use the drawdown chart below to compare losses from any high point for NESG.L and FPX.L.

Drawdown Indicators

	NESG.L	FPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.69%	-36.97%	+2.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	-13.42%	+1.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.97%	—
Current Drawdown Current decline from peak	-8.22%	-5.31%	-2.91%
Average Drawdown Average peak-to-trough decline	-9.41%	-12.23%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	3.85%	-0.47%

Volatility

NESG.L vs. FPX.L - Volatility Comparison

The current volatility for Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) is 6.14%, while First Trust US IPO Index UCITS ETF (FPX.L) has a volatility of 7.72%. This indicates that NESG.L experiences smaller price fluctuations and is considered to be less risky than FPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NESG.L	FPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	7.72%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	12.55%	18.38%	-5.83%
Volatility (1Y) Calculated over the trailing 1-year period	19.94%	28.17%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.65%	27.24%	-4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.65%	26.35%	-3.70%