PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SPEX.L vs. EQQU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPEX.L vs. EQQU.L

Last updated Jun 5, 2026

SPEX.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) and EQQU.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - SPEX.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while EQQU.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, SPEX.L returned 9.41%/yr vs 19.02%/yr for EQQU.L. A 0.60 correlation means they provide meaningful diversification when combined. SPEX.L charges 0.20%/yr vs 0.30%/yr for EQQU.L.

Performance

SPEX.L vs. EQQU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SPEX.L achieves a 9.62% return, which is significantly lower than EQQU.L's 20.83% return.

SPEX.L

1D
0.47%
1M
4.77%
YTD
9.62%
6M
10.01%
1Y
21.02%
3Y*
12.25%
5Y*
9.41%
10Y*
—

EQQU.L

1D
0.00%
1M
10.21%
YTD
20.83%
6M
19.00%
1Y
42.53%
3Y*
25.05%
5Y*
19.02%
10Y*
22.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPEX.L vs. EQQU.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPEX.L
Invesco S&P 500 Equal Weight UCITS ETF Acc		9.62%3.90%14.09%7.64%-1.17%28.05%
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		20.03%11.22%28.75%48.45%-25.54%21.39%

Correlation

The correlation between SPEX.L and EQQU.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Apr 9, 2021

0.60

The correlation between SPEX.L and EQQU.L shifts across timeframes, from 0.46 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

SPEX.L vs. EQQU.L - Sectors Allocation Comparison

Sectors
SPEX.L
EQQU.L

Technology

20.1%
57.9%

Financial Services

14.2%
0.2%

Industrials

14.1%
2.8%

Healthcare

11.2%
3.7%

Consumer Cyclical

9.9%
11.6%

Consumer Defensive

6.5%
6.6%

Real Estate

6.2%
0.0%

Utilities

5.8%
1.2%

Energy

4.2%
0.5%

Basic Materials

3.9%
1.0%

Communication Services

3.9%
14.5%

Technology

SPEX.L
20.1%
EQQU.L
57.9%

Financial Services

SPEX.L
14.2%
EQQU.L
0.2%

Industrials

SPEX.L
14.1%
EQQU.L
2.8%

Healthcare

SPEX.L
11.2%
EQQU.L
3.7%

Consumer Cyclical

SPEX.L
9.9%
EQQU.L
11.6%

Consumer Defensive

SPEX.L
6.5%
EQQU.L
6.6%

Real Estate

SPEX.L
6.2%
EQQU.L
0.0%

Utilities

SPEX.L
5.8%
EQQU.L
1.2%

Energy

SPEX.L
4.2%
EQQU.L
0.5%

Basic Materials

SPEX.L
3.9%
EQQU.L
1.0%

Communication Services

SPEX.L
3.9%
EQQU.L
14.5%

Compare stocks, funds, or ETFs

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

Invesco S&P 500 Equal Weight UCITS ETF Acc

Invesco EQQQ NASDAQ-100 UCITS ETF

Often compared with SPEX.L:
SPEX.L vs. RSPSPEX.L vs. ^SPXEWSPEX.L vs. WELE.DESPEX.L vs. SPYSPEX.L vs. EWSP.LSPEX.L vs. BTC-USDSPEX.L vs. VOO
Often compared with EQQU.L:
EQQU.L vs. EQQQ.LEQQU.L vs. CNDX.LEQQU.L vs. VUAA.LEQQU.L vs. SMHEQQU.L vs. QQQEQQU.L vs. CNX1.LEQQU.L vs. XLK

Return for Risk

SPEX.L vs. EQQU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPEX.L
SPEX.L Risk / Return Rank: 6868
Overall Rank
SPEX.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SPEX.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
SPEX.L Omega Ratio Rank: 6666
Omega Ratio Rank
SPEX.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
SPEX.L Martin Ratio Rank: 6666
Martin Ratio Rank
EQQU.L
EQQU.L Risk / Return Rank: 7575
Overall Rank
EQQU.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
EQQU.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
EQQU.L Omega Ratio Rank: 7474
Omega Ratio Rank
EQQU.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
EQQU.L Martin Ratio Rank: 7171
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.

SPEX.L vs. EQQU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.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.

SPEX.LEQQU.LDifference
Sharpe ratioReturn per unit of total volatility
2.18
2.68

-0.50

Sortino ratioReturn per unit of downside risk
3.01
3.58

-0.57

Omega ratioGain probability vs. loss probability

1.39

1.47

-0.08

Calmar ratioReturn relative to maximum drawdown

3.65

3.81

-0.15

Martin ratioReturn relative to average drawdown

11.85

10.77

+1.08

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

SPEX.L vs. EQQU.L - Sharpe Ratio Comparison

The current SPEX.L Sharpe Ratio is 2.18, which is comparable to the EQQU.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of SPEX.L and EQQU.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.

Loading charts...

Sharpe Ratios by Period

SPEX.LEQQU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.18

2.68

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.95

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.10

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.99

-0.19

Drawdowns

SPEX.L vs. EQQU.L - Drawdown Comparison

The maximum SPEX.L drawdown since its inception was -19.65%, smaller than the maximum EQQU.L drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for SPEX.L and EQQU.L.

Loading charts...

Drawdown Indicators

SPEX.LEQQU.LDifference

Max Drawdown

Largest peak-to-trough decline

-19.65%

-27.75%

+8.10%

Max Drawdown (1Y)

Largest decline over 1 year

-5.73%

-11.12%

+5.39%

Max Drawdown (3Y)

Largest decline over 3 years

-19.65%

-24.26%

+4.61%

Max Drawdown (5Y)

Largest decline over 5 years

-19.65%

-27.75%

+8.10%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.75%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.12%

-5.38%

+1.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.77%

3.94%

-2.17%

Volatility

SPEX.L vs. EQQU.L - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) is 1.97%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) has a volatility of 4.88%. This indicates that SPEX.L experiences smaller price fluctuations and is considered to be less risky than EQQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SPEX.LEQQU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.97%

4.88%

-2.91%

Volatility (6M)

Calculated over the trailing 6-month period

6.62%

11.61%

-4.99%

Volatility (1Y)

Calculated over the trailing 1-year period

9.62%

15.81%

-6.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.05%

20.03%

-5.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.60%

20.15%

-5.55%

SPEX.L vs. EQQU.L - Expense Ratio Comparison

SPEX.L has a 0.20% expense ratio, which is lower than EQQU.L's 0.30% expense ratio.

Dividends

SPEX.L vs. EQQU.L - Dividend Comparison

SPEX.L has not paid dividends to shareholders, while EQQU.L's dividend yield for the trailing twelve months is around 0.23%.

PositionTTM202520242023202220212020
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		0.23%0.29%0.38%0.39%0.56%0.26%0.11%
SPEX.L
Invesco S&P 500 Equal Weight UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SPEX.L and EQQU.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPEX.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPEX.L is cheaper with a 0.20% expense ratio, compared with 0.30% for EQQU.L.

SPEX.L is categorized as S&P 500, while EQQU.L is Nasdaq-100. SPEX.L tracks S&P 500 Equal Weight Index, while EQQU.L tracks NASDAQ-100 Index. Their fees differ too: 0.20% for SPEX.L and 0.30% for EQQU.L.

Portfolio Optimizer

Find the right allocation for SPEX.L and EQQU.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer