QQQO.L vs. EQSG.L
QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) and EQSG.L (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both Nasdaq-100 funds. QQQO.L is actively managed, while EQSG.L is passively managed. Over the past year, QQQO.L returned 32.75% vs 41.07% for EQSG.L. A 0.68 correlation means they provide meaningful diversification when combined. QQQO.L charges 0.45%/yr vs 0.20%/yr for EQSG.L.
Performance
QQQO.L vs. EQSG.L - Performance Comparison
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Returns By Period
In the year-to-date period, QQQO.L achieves a 15.53% return, which is significantly lower than EQSG.L's 19.91% return.
QQQO.L
- 1D
- -0.66%
- 1M
- 6.88%
- YTD
- 15.53%
- 6M
- 13.93%
- 1Y
- 32.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQSG.L
- 1D
- -0.75%
- 1M
- 8.13%
- YTD
- 19.91%
- 6M
- 17.66%
- 1Y
- 41.07%
- 3Y*
- 24.92%
- 5Y*
- 19.08%
- 10Y*
- —
QQQO.L vs. EQSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 15.53% | 6.57% | 12.88% |
EQSG.L Invesco Nasdaq-100 Swap UCITS ETF Acc | 19.91% | 11.73% | 16.29% |
Correlation
The correlation between QQQO.L and EQSG.L is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.68 |
The correlation between QQQO.L and EQSG.L has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
QQQO.L vs. EQSG.L — Risk / Return Rank
QQQO.L
EQSG.L
QQQO.L vs. EQSG.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 (EQSG.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 | EQSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.47 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 1.36 | +3.36 |
| Martin ratioReturn relative to average drawdown | 11.27 | 2.21 | +9.06 |
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 | EQSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 0.94 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.55 | +0.63 |
Drawdowns
QQQO.L vs. EQSG.L - Drawdown Comparison
The maximum QQQO.L drawdown since its inception was -21.70%, smaller than the maximum EQSG.L drawdown of -31.87%. Use the drawdown chart below to compare losses from any high point for QQQO.L and EQSG.L.
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Drawdown Indicators
| QQQO.L | EQSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.70% | -31.87% | +10.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -30.73% | +23.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.87% | — |
Current DrawdownCurrent decline from peak | -0.66% | -10.55% | +9.89% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -13.16% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 18.86% | -15.91% |
Volatility
QQQO.L vs. EQSG.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 (EQSG.L) has a volatility of 4.19%. This indicates that QQQO.L experiences smaller price fluctuations and is considered to be less risky than EQSG.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 | EQSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 4.19% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 10.27% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 44.57% | -30.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 35.45% | -18.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 34.99% | -17.65% |
QQQO.L vs. EQSG.L - Expense Ratio Comparison
QQQO.L has a 0.45% expense ratio, which is higher than EQSG.L's 0.20% expense ratio.
Dividends
QQQO.L vs. EQSG.L - Dividend Comparison
QQQO.L's dividend yield for the trailing twelve months is around 67.52%, while EQSG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EQSG.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 EQSG.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQSG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQSG.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 EQSG.L.
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