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SPY5.L vs. EQQQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPY5.L vs. EQQQ.L

Last updated Jun 14, 2026

SPY5.L (State Street SPDR S&P 500 UCITS ETF) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - SPY5.L is a S&P 500 fund tracking the S&P 500, while EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SPY5.L returned 15.24%/yr vs 21.60%/yr for EQQQ.L. Their correlation of 0.86 suggests significant overlap in exposure. SPY5.L charges 0.09%/yr vs 0.30%/yr for EQQQ.L.

Performance

SPY5.L vs. EQQQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 UCITS ETF (SPY5.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPY5.L is traded in USD, while EQQQ.L is traded in GBp. To make them comparable, the EQQQ.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPY5.L achieves a 8.61% return, which is significantly lower than EQQQ.L's 16.65% return. Over the past 10 years, SPY5.L has underperformed EQQQ.L with an annualized return of 15.24%, while EQQQ.L has yielded a comparatively higher 21.60% annualized return.

SPY5.L

1D
2.31%
1M
-0.62%
YTD
8.61%
6M
9.78%
1Y
25.17%
3Y*
20.84%
5Y*
13.27%
10Y*
15.24%

EQQQ.L

1D
2.37%
1M
0.58%
YTD
16.65%
6M
17.67%
1Y
36.70%
3Y*
26.14%
5Y*
16.66%
10Y*
21.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPY5.L vs. EQQQ.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPY5.L
State Street SPDR S&P 500 UCITS ETF		8.61%17.43%25.36%26.64%-18.68%29.28%17.52%30.43%-5.46%21.58%
EQQQ.L
Invesco EQQQ NASDAQ-100 UCITS ETF		16.65%19.96%26.41%55.59%-33.50%28.41%47.71%39.05%-1.28%31.55%

Correlation

The correlation between SPY5.L and EQQQ.L is 0.88, 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

0.88

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

0.88

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

0.88

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Mar 19, 2012

0.86

The correlation between SPY5.L and EQQQ.L has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

SPY5.L vs. EQQQ.L - Sectors Allocation Comparison

Sectors
SPY5.L
EQQQ.L

Technology

35.6%
59.0%

Financial Services

11.8%
0.2%

Communication Services

11.2%
13.7%

Consumer Cyclical

10.1%
10.9%

Healthcare

8.5%
3.8%

Industrials

8.3%
2.9%

Consumer Defensive

4.9%
6.8%

Energy

3.5%
0.5%

Utilities

2.3%
1.2%

Real Estate

1.9%
0.0%

Basic Materials

1.8%
1.1%

Technology

SPY5.L
35.6%
EQQQ.L
59.0%

Financial Services

SPY5.L
11.8%
EQQQ.L
0.2%

Communication Services

SPY5.L
11.2%
EQQQ.L
13.7%

Consumer Cyclical

SPY5.L
10.1%
EQQQ.L
10.9%

Healthcare

SPY5.L
8.5%
EQQQ.L
3.8%

Industrials

SPY5.L
8.3%
EQQQ.L
2.9%

Consumer Defensive

SPY5.L
4.9%
EQQQ.L
6.8%

Energy

SPY5.L
3.5%
EQQQ.L
0.5%

Utilities

SPY5.L
2.3%
EQQQ.L
1.2%

Real Estate

SPY5.L
1.9%
EQQQ.L
0.0%

Basic Materials

SPY5.L
1.8%
EQQQ.L
1.1%

Compare stocks, funds, or ETFs

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

State Street SPDR S&P 500 UCITS ETF

Invesco EQQQ NASDAQ-100 UCITS ETF

Often compared with SPY5.L:
SPY5.L vs. SPYSPY5.L vs. CSPX.LSPY5.L vs. VUSA.DESPY5.L vs. VOOSPY5.L vs. CSP1.LSPY5.L vs. VUAA.LSPY5.L vs. SWRD.L
Often compared with EQQQ.L:
EQQQ.L vs. QQQEQQQ.L vs. QQQMEQQQ.L vs. EQGB.LEQQQ.L vs. CNX1.LEQQQ.L vs. EQQU.LEQQQ.L vs. CSPX.LEQQQ.L vs. XNAQ.L

Return for Risk

SPY5.L vs. EQQQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPY5.L
SPY5.L Risk / Return Rank: 7474
Overall Rank
SPY5.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
SPY5.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
SPY5.L Omega Ratio Rank: 7474
Omega Ratio Rank
SPY5.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPY5.L Martin Ratio Rank: 7676
Martin Ratio Rank
EQQQ.L
EQQQ.L Risk / Return Rank: 7979
Overall Rank
EQQQ.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
EQQQ.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
EQQQ.L Omega Ratio Rank: 8484
Omega Ratio Rank
EQQQ.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
EQQQ.L Martin Ratio Rank: 6363
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.

SPY5.L vs. EQQQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF (SPY5.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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.

SPY5.LEQQQ.LDifference
Sharpe ratioReturn per unit of total volatility
2.05
2.21

-0.16

Sortino ratioReturn per unit of downside risk
3.05
3.03

+0.02

Omega ratioGain probability vs. loss probability

1.37

1.38

0.00

Calmar ratioReturn relative to maximum drawdown

3.01

3.19

-0.18

Martin ratioReturn relative to average drawdown

12.62

11.43

+1.19

SPY5.L vs. EQQQ.L - Sharpe Ratio Comparison

The current SPY5.L Sharpe Ratio is 2.05, which is comparable to the EQQQ.L Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of SPY5.L and EQQQ.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.

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Drawdowns

SPY5.L vs. EQQQ.L - Drawdown Comparison

The maximum SPY5.L drawdown since its inception was -33.89%, smaller than the maximum EQQQ.L drawdown of -73.86%. Use the drawdown chart below to compare losses from any high point for SPY5.L and EQQQ.L.

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Drawdown Indicators

SPY5.LEQQQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.89%

-73.86%

+39.97%

Max Drawdown (1Y)

Largest decline over 1 year

-8.18%

-11.03%

+2.85%

Max Drawdown (3Y)

Largest decline over 3 years

-18.36%

-22.63%

+4.27%

Max Drawdown (5Y)

Largest decline over 5 years

-24.37%

-35.27%

+10.90%

Max Drawdown (10Y)

Largest decline over 10 years

-33.89%

-35.27%

+1.38%

Current Drawdown

Current decline from peak

-2.08%

-3.17%

+1.09%

Average Drawdown

Average peak-to-trough decline

-3.69%

-17.15%

+13.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

3.09%

-1.14%

Volatility

SPY5.L vs. EQQQ.L - Volatility Comparison

The current volatility for State Street SPDR S&P 500 UCITS ETF (SPY5.L) is 4.17%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) has a volatility of 5.75%. This indicates that SPY5.L experiences smaller price fluctuations and is considered to be less risky than EQQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPY5.LEQQQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.17%

5.75%

-1.58%

Volatility (6M)

Calculated over the trailing 6-month period

9.03%

12.04%

-3.01%

Volatility (1Y)

Calculated over the trailing 1-year period

12.00%

15.93%

-3.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.97%

20.59%

-4.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.25%

19.90%

-3.65%

SPY5.L vs. EQQQ.L - Expense Ratio Comparison

SPY5.L has a 0.09% expense ratio, which is lower than EQQQ.L's 0.30% expense ratio.

Dividends

SPY5.L vs. EQQQ.L - Dividend Comparison

SPY5.L's dividend yield for the trailing twelve months is around 0.90%, more than EQQQ.L's 0.23% yield.

PositionTTM20252024202320222021202020192018201720162015
EQQQ.L
Invesco EQQQ NASDAQ-100 UCITS ETF		0.23%0.29%0.38%0.39%0.56%0.25%0.41%0.56%0.63%0.67%0.77%0.72%
SPY5.L
State Street SPDR S&P 500 UCITS ETF		0.90%0.97%1.06%1.19%1.40%0.99%1.28%1.44%1.77%1.51%1.64%1.73%

Frequently Asked Questions

SPY5.L and EQQQ.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPY5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPY5.L is cheaper with a 0.09% expense ratio, compared with 0.30% for EQQQ.L.

SPY5.L is categorized as S&P 500, while EQQQ.L is Nasdaq-100. SPY5.L tracks S&P 500, while EQQQ.L tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.09% for SPY5.L and 0.30% for EQQQ.L.

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