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NESP.L vs. QQQO.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NESP.L vs. QQQO.L

Last updated Jun 5, 2026

NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) and QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) are both Nasdaq-100 funds. NESP.L is passively managed, while QQQO.L is actively managed. Over the past year, NESP.L returned 44.13% vs 33.32% for QQQO.L. A 0.67 correlation means they provide meaningful diversification when combined. NESP.L charges 0.25%/yr vs 0.45%/yr for QQQO.L.

Performance

NESP.L vs. QQQO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) and IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.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, NESP.L achieves a 20.57% return, which is significantly higher than QQQO.L's 15.53% return.

NESP.L

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

QQQO.L

1D
-0.66%
1M
6.84%
YTD
15.53%
6M
14.50%
1Y
33.32%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
NESP.L
Invesco Nasdaq-100 ESG UCITS ETF Acc		20.57%12.78%14.63%
QQQO.L
IncomeShares Nasdaq 100 Options (0DTE) ETP GBP		15.53%6.57%12.88%

Correlation

The correlation between NESP.L and QQQO.L is 0.73, 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

0.73

Correlation (All Time)
Calculated using the full available price history since Aug 29, 2024

0.67

The correlation between NESP.L and QQQO.L has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

Invesco Nasdaq-100 ESG UCITS ETF Acc

IncomeShares Nasdaq 100 Options (0DTE) ETP GBP

Often compared with NESP.L:
NESP.L vs. EQQB.DENESP.L vs. EQQQ.LNESP.L vs. EQSG.LNESP.L vs. QQQNESP.L vs. IITU.LNESP.L vs. FUQA.LNESP.L vs. SPX5.L
Often compared with QQQO.L:
QQQO.L vs. SPMOQQQO.L vs. QQQQQQO.L vs. QTUMQQQO.L vs. QQQMQQQO.L vs. EQQQ.LQQQO.L vs. TSLI.LQQQO.L vs. QQQI

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NESP.L
NESP.L Risk / Return Rank: 7777
Overall Rank
NESP.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
NESP.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
NESP.L Omega Ratio Rank: 8383
Omega Ratio Rank
NESP.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
NESP.L Martin Ratio Rank: 5959
Martin Ratio Rank
QQQO.L
QQQO.L Risk / Return Rank: 7373
Overall Rank
QQQO.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
QQQO.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
QQQO.L Omega Ratio Rank: 7979
Omega Ratio Rank
QQQO.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
QQQO.L Martin Ratio Rank: 6363
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) and IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.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.

NESP.LQQQO.LDifference
Sharpe ratioReturn per unit of total volatility
2.86
2.37

+0.49

Sortino ratioReturn per unit of downside risk
3.70
3.00

+0.71

Omega ratioGain probability vs. loss probability

1.49

1.46

+0.03

Calmar ratioReturn relative to maximum drawdown

3.67

4.71

-1.04

Martin ratioReturn relative to average drawdown

10.38

11.27

-0.89

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

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

The current NESP.L Sharpe Ratio is 2.86, which is comparable to the QQQO.L Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of NESP.L and QQQO.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

NESP.LQQQO.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.86

2.37

+0.49

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

1.18

-0.58

Drawdowns

NESP.L vs. QQQO.L - Drawdown Comparison

The maximum NESP.L drawdown since its inception was -26.62%, which is greater than QQQO.L's maximum drawdown of -21.70%. Use the drawdown chart below to compare losses from any high point for NESP.L and QQQO.L.

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Drawdown Indicators

NESP.LQQQO.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.62%

-21.70%

-4.92%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-7.04%

-4.92%

Max Drawdown (3Y)

Largest decline over 3 years

-26.10%

—

—

Current Drawdown

Current decline from peak

-0.61%

-0.66%

+0.05%

Average Drawdown

Average peak-to-trough decline

-10.26%

-4.40%

-5.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.24%

2.95%

+1.29%

Volatility

NESP.L vs. QQQO.L - Volatility Comparison

Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) has a higher volatility of 4.41% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) at 3.90%. This indicates that NESP.L's price experiences larger fluctuations and is considered to be riskier than QQQO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NESP.LQQQO.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

3.90%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

8.93%

+2.02%

Volatility (1Y)

Calculated over the trailing 1-year period

15.35%

14.00%

+1.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.41%

17.34%

+12.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.41%

17.34%

+12.07%

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

NESP.L has a 0.25% expense ratio, which is lower than QQQO.L's 0.45% expense ratio.

Dividends

NESP.L vs. QQQO.L - Dividend Comparison

NESP.L has not paid dividends to shareholders, while QQQO.L's dividend yield for the trailing twelve months is around 67.52%.

PositionTTM20252024
NESP.L
Invesco Nasdaq-100 ESG UCITS ETF Acc		0.00%0.00%0.00%
QQQO.L
IncomeShares Nasdaq 100 Options (0DTE) ETP GBP		67.52%124.53%17.93%

Frequently Asked Questions

NESP.L and QQQO.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

NESP.L is cheaper with a 0.25% expense ratio, compared with 0.45% for QQQO.L.

They also come from different issuers: Invesco and Leverage Shares. Their fees differ too: 0.25% for NESP.L and 0.45% for QQQO.L.

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