QQQO.L vs. EQQS.L
QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) and EQQS.L (Invesco NASDAQ-100 Swap UCITS ETF Acc) are both Nasdaq-100 funds. QQQO.L is actively managed, while EQQS.L is passively managed. Over the past year, QQQO.L returned 33.32% vs 41.77% for EQQS.L. A 0.65 correlation means they provide meaningful diversification when combined. QQQO.L charges 0.45%/yr vs 0.20%/yr for EQQS.L.
Performance
QQQO.L vs. EQQS.L - Performance Comparison
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Different Trading Currencies
QQQO.L is traded in GBp, while EQQS.L is traded in USD. To make them comparable, the EQQS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQO.L achieves a 15.53% return, which is significantly lower than EQQS.L's 20.20% return.
QQQO.L
- 1D
- -0.66%
- 1M
- 6.84%
- YTD
- 15.53%
- 6M
- 14.50%
- 1Y
- 33.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQQS.L
- 1D
- -0.71%
- 1M
- 9.51%
- YTD
- 20.20%
- 6M
- 18.34%
- 1Y
- 41.77%
- 3Y*
- 24.99%
- 5Y*
- 19.29%
- 10Y*
- —
QQQO.L vs. EQQS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 15.53% | 6.57% | 12.88% |
EQQS.L Invesco NASDAQ-100 Swap UCITS ETF Acc | 20.20% | 11.31% | 16.48% |
Correlation
The correlation between QQQO.L and EQQS.L is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.65 |
The correlation between QQQO.L and EQQS.L has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
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Return for Risk
QQQO.L vs. EQQS.L — Risk / Return Rank
QQQO.L
EQQS.L
QQQO.L vs. EQQS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) and Invesco NASDAQ-100 Swap UCITS ETF Acc (EQQS.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.
| QQQO.L | EQQS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.47 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 3.75 | +0.96 |
| Martin ratioReturn relative to average drawdown | 11.27 | 10.63 | +0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQO.L | EQQS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.65 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.94 | +0.24 |
Drawdowns
QQQO.L vs. EQQS.L - Drawdown Comparison
The maximum QQQO.L drawdown since its inception was -21.70%, smaller than the maximum EQQS.L drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for QQQO.L and EQQS.L.
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Drawdown Indicators
| QQQO.L | EQQS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.70% | -27.47% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -11.09% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.47% | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.71% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -7.30% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.92% | -0.97% |
Volatility
QQQO.L vs. EQQS.L - Volatility Comparison
The current volatility for IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) is 3.90%, while Invesco NASDAQ-100 Swap UCITS ETF Acc (EQQS.L) has a volatility of 4.83%. This indicates that QQQO.L experiences smaller price fluctuations and is considered to be less risky than EQQS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQO.L | EQQS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 4.83% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 11.46% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 15.68% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 21.54% | -4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 21.62% | -4.28% |
QQQO.L vs. EQQS.L - Expense Ratio Comparison
QQQO.L has a 0.45% expense ratio, which is higher than EQQS.L's 0.20% expense ratio.
Dividends
QQQO.L vs. EQQS.L - Dividend Comparison
QQQO.L's dividend yield for the trailing twelve months is around 67.52%, while EQQS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EQQS.L Invesco NASDAQ-100 Swap 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
QQQO.L and EQQS.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQS.L is cheaper with a 0.20% expense ratio, compared with 0.45% for QQQO.L.
They also come from different issuers: Leverage Shares and Invesco. Their fees differ too: 0.45% for QQQO.L and 0.20% for EQQS.L.
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