T3GB.L vs. EQGB.L
T3GB.L (Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist) and EQGB.L (Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc) are both exchange-traded funds - T3GB.L is a Government Bonds fund tracking the Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist, while EQGB.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, T3GB.L returned 1.45%/yr vs 14.06%/yr for EQGB.L. At a correlation of -0.03, they often move in opposite directions. T3GB.L charges 0.10%/yr vs 0.35%/yr for EQGB.L.
Performance
T3GB.L vs. EQGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, T3GB.L achieves a 0.73% return, which is significantly lower than EQGB.L's 15.19% return.
T3GB.L
- 1D
- 0.08%
- 1M
- 0.14%
- 6M
- 0.68%
- YTD
- 0.73%
- 1Y
- 3.20%
- 3Y*
- 4.01%
- 5Y*
- 1.45%
- 10Y*
- —
EQGB.L
- 1D
- -0.71%
- 1M
- -3.43%
- 6M
- 15.41%
- YTD
- 15.19%
- 1Y
- 27.37%
- 3Y*
- 23.21%
- 5Y*
- 14.06%
- 10Y*
- —
T3GB.L vs. EQGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
T3GB.L Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist | 0.73% | 4.94% | 3.79% | 3.35% | -4.53% | -0.90% | 2.61% | 0.19% |
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 15.19% | 19.59% | 26.12% | 53.92% | -35.07% | 27.68% | 45.43% | 13.06% |
Correlation
The correlation between T3GB.L and EQGB.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | -0.03 |
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Return for Risk
T3GB.L vs. EQGB.L — Risk / Return Rank
T3GB.L
EQGB.L
T3GB.L vs. EQGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist (T3GB.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.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.
| T3GB.L | EQGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.28 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 2.41 | +2.05 |
| Martin ratioReturn relative to average drawdown | 16.64 | 8.06 | +8.58 |
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Drawdowns
T3GB.L vs. EQGB.L - Drawdown Comparison
The maximum T3GB.L drawdown since its inception was -6.48%, smaller than the maximum EQGB.L drawdown of -36.77%. Use the drawdown chart below to compare losses from any high point for T3GB.L and EQGB.L.
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Drawdown Indicators
| T3GB.L | EQGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.48% | -36.77% | +30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -11.33% | +10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -22.76% | +21.85% |
Max Drawdown (5Y)Largest decline over 5 years | -6.38% | -36.77% | +30.39% |
Current DrawdownCurrent decline from peak | 0.00% | -3.88% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -7.40% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 3.39% | -3.20% |
Volatility
T3GB.L vs. EQGB.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist (T3GB.L) is 0.35%, while Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) has a volatility of 5.88%. This indicates that T3GB.L experiences smaller price fluctuations and is considered to be less risky than EQGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T3GB.L | EQGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 5.88% | -5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 13.78% | -12.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.20% | 17.33% | -16.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 21.20% | -19.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.81% | 21.26% | -19.45% |
T3GB.L vs. EQGB.L - Expense Ratio Comparison
T3GB.L has a 0.10% expense ratio, which is lower than EQGB.L's 0.35% expense ratio.
Dividends
T3GB.L vs. EQGB.L - Dividend Comparison
T3GB.L's dividend yield for the trailing twelve months is around 3.84%, while EQGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.16% |
T3GB.L Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist | 3.84% | 3.95% | 4.36% | 4.05% | 1.98% | 0.28% | 1.15% | 0.81% |
Frequently Asked Questions
T3GB.L and EQGB.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, T3GB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
T3GB.L is cheaper with a 0.10% expense ratio, compared with 0.35% for EQGB.L.
T3GB.L is categorized as Government Bonds, while EQGB.L is Nasdaq-100. T3GB.L tracks Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist, while EQGB.L tracks NASDAQ-100 Index. Their fees differ too: 0.10% for T3GB.L and 0.35% for EQGB.L.
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