QQQY.L vs. NESP.L
QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) and NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both Nasdaq-100 funds. QQQY.L is actively managed, while NESP.L is passively managed. Over the past year, QQQY.L returned 20.44% vs 31.10% for NESP.L. A 0.66 correlation means they provide meaningful diversification when combined. QQQY.L charges 0.45%/yr vs 0.25%/yr for NESP.L.
Performance
QQQY.L vs. NESP.L - Performance Comparison
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Different Trading Currencies
QQQY.L is traded in USD, while NESP.L is traded in GBp. To make them comparable, the NESP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQY.L achieves a 10.22% return, which is significantly lower than NESP.L's 17.76% return.
QQQY.L
- 1D
- -0.61%
- 1M
- -3.42%
- 6M
- 10.13%
- YTD
- 10.22%
- 1Y
- 20.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NESP.L
- 1D
- 0.00%
- 1M
- -2.26%
- 6M
- 18.13%
- YTD
- 17.76%
- 1Y
- 31.10%
- 3Y*
- 25.30%
- 5Y*
- —
- 10Y*
- —
QQQY.L vs. NESP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 10.22% | 14.17% | -2.12% |
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc | 17.76% | 21.29% | 7.21% |
Correlation
The correlation between QQQY.L and NESP.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 28, 2024 | 0.66 |
The correlation between QQQY.L and NESP.L has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
QQQY.L vs. NESP.L — Risk / Return Rank
QQQY.L
NESP.L
QQQY.L vs. NESP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQY.L | NESP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.57 | +0.23 |
| Martin ratioReturn relative to average drawdown | 8.27 | 8.67 | -0.41 |
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Drawdowns
QQQY.L vs. NESP.L - Drawdown Comparison
The maximum QQQY.L drawdown since its inception was -19.38%, smaller than the maximum NESP.L drawdown of -49.60%. Use the drawdown chart below to compare losses from any high point for QQQY.L and NESP.L.
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Drawdown Indicators
| QQQY.L | NESP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -49.60% | +30.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -12.18% | +4.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.01% | — |
Current DrawdownCurrent decline from peak | -5.26% | -2.82% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -18.77% | +14.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.59% | -1.12% |
Volatility
QQQY.L vs. NESP.L - Volatility Comparison
IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) have volatilities of 6.93% and 6.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQY.L | NESP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 6.85% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 14.24% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 18.07% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 24.77% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 24.77% | -2.79% |
QQQY.L vs. NESP.L - Expense Ratio Comparison
QQQY.L has a 0.45% expense ratio, which is higher than NESP.L's 0.25% expense ratio.
Dividends
QQQY.L vs. NESP.L - Dividend Comparison
QQQY.L's dividend yield for the trailing twelve months is around 72.19%, while NESP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc | 0.00% | 0.00% | 0.00% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 72.19% | 120.63% | 8.51% |
Frequently Asked Questions
QQQY.L and NESP.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 QQQY.L.
They also come from different issuers: Leverage Shares and Invesco. Their fees differ too: 0.45% for QQQY.L and 0.25% for NESP.L.
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