SPXS.MI vs. EQAC.MI
SPXS.MI (Invesco S&P 500 UCITS ETF) and EQAC.MI (Invesco EQQQ NASDAQ-100 UCITS ETF Acc) are both exchange-traded funds - SPXS.MI is a S&P 500 fund tracking the S&P 500 Index, while EQAC.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, SPXS.MI returned 14.98%/yr vs 18.68%/yr for EQAC.MI. Their correlation of 0.89 suggests significant overlap in exposure. SPXS.MI charges 0.05%/yr vs 0.30%/yr for EQAC.MI.
Performance
SPXS.MI vs. EQAC.MI - Performance Comparison
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Returns By Period
In the year-to-date period, SPXS.MI achieves a 11.42% return, which is significantly lower than EQAC.MI's 20.38% return.
SPXS.MI
- 1D
- -0.11%
- 1M
- 5.27%
- YTD
- 11.42%
- 6M
- 11.54%
- 1Y
- 25.86%
- 3Y*
- 19.09%
- 5Y*
- 14.98%
- 10Y*
- 15.17%
EQAC.MI
- 1D
- -0.78%
- 1M
- 9.28%
- YTD
- 20.38%
- 6M
- 19.41%
- 1Y
- 37.86%
- 3Y*
- 24.54%
- 5Y*
- 18.68%
- 10Y*
- —
SPXS.MI vs. EQAC.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPXS.MI Invesco S&P 500 UCITS ETF | 11.42% | 4.51% | 33.86% | 22.52% | -14.49% | 41.21% | 7.76% | 5.26% |
EQAC.MI Invesco EQQQ NASDAQ-100 UCITS ETF Acc | 20.38% | 6.78% | 35.08% | 50.29% | -30.28% | 40.00% | 35.43% | 6.99% |
Correlation
The correlation between SPXS.MI and EQAC.MI is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019 | 0.89 |
The correlation between SPXS.MI and EQAC.MI has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
SPXS.MI vs. EQAC.MI — Risk / Return Rank
SPXS.MI
EQAC.MI
SPXS.MI vs. EQAC.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXS.MI) and Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI). 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.
| SPXS.MI | EQAC.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.79 | -0.09 |
| Martin ratioReturn relative to average drawdown | 13.16 | 11.32 | +1.84 |
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
| SPXS.MI | EQAC.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.46 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.94 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.05 | -0.10 |
Drawdowns
SPXS.MI vs. EQAC.MI - Drawdown Comparison
The maximum SPXS.MI drawdown since its inception was -33.57%, which is greater than EQAC.MI's maximum drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for SPXS.MI and EQAC.MI.
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Drawdown Indicators
| SPXS.MI | EQAC.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -30.96% | -2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -9.99% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.10% | -26.69% | +3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -30.96% | +7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.78% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -7.27% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.34% | -1.38% |
Volatility
SPXS.MI vs. EQAC.MI - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (SPXS.MI) is 2.68%, while Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) has a volatility of 4.33%. This indicates that SPXS.MI experiences smaller price fluctuations and is considered to be less risky than EQAC.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXS.MI | EQAC.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 4.33% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 10.80% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 15.42% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 19.67% | -4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.31% | 21.23% | -4.92% |
SPXS.MI vs. EQAC.MI - Expense Ratio Comparison
SPXS.MI has a 0.05% expense ratio, which is lower than EQAC.MI's 0.30% expense ratio.
Dividends
SPXS.MI vs. EQAC.MI - Dividend Comparison
Neither SPXS.MI nor EQAC.MI has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SPXS.MI and EQAC.MI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPXS.MI is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.MI is cheaper with a 0.05% expense ratio, compared with 0.30% for EQAC.MI.
SPXS.MI is categorized as S&P 500, while EQAC.MI is Nasdaq-100. SPXS.MI tracks S&P 500 Index, while EQAC.MI tracks NASDAQ-100 Index. Their fees differ too: 0.05% for SPXS.MI and 0.30% for EQAC.MI.
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