T3GB.L vs. EQQQ.L
T3GB.L (Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) 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 EQQQ.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 15.80%/yr for EQQQ.L. At a correlation of -0.11, they often move in opposite directions. T3GB.L charges 0.10%/yr vs 0.30%/yr for EQQQ.L.
Performance
T3GB.L vs. EQQQ.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 EQQQ.L's 15.65% 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*
- —
EQQQ.L
- 1D
- -1.34%
- 1M
- -3.89%
- 6M
- 15.70%
- YTD
- 15.65%
- 1Y
- 27.43%
- 3Y*
- 22.66%
- 5Y*
- 15.80%
- 10Y*
- 20.77%
T3GB.L vs. EQQQ.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% |
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 15.65% | 11.54% | 28.55% | 47.79% | -25.54% | 29.59% | 43.32% | 9.76% |
Correlation
The correlation between T3GB.L and EQQQ.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 | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | -0.11 |
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Return for Risk
T3GB.L vs. EQQQ.L — Risk / Return Rank
T3GB.L
EQQQ.L
T3GB.L vs. EQQQ.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 (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.
| T3GB.L | EQQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.30 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 2.49 | +1.96 |
| Martin ratioReturn relative to average drawdown | 16.64 | 7.02 | +9.62 |
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Drawdowns
T3GB.L vs. EQQQ.L - Drawdown Comparison
The maximum T3GB.L drawdown since its inception was -6.48%, smaller than the maximum EQQQ.L drawdown of -65.36%. Use the drawdown chart below to compare losses from any high point for T3GB.L and EQQQ.L.
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Drawdown Indicators
| T3GB.L | EQQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.48% | -65.36% | +58.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -10.97% | +10.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -24.09% | +23.18% |
Max Drawdown (5Y)Largest decline over 5 years | -6.38% | -27.76% | +21.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.76% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.95% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -12.46% | +10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 3.90% | -3.71% |
Volatility
T3GB.L vs. EQQQ.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 (EQQQ.L) has a volatility of 6.19%. This indicates that T3GB.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
| T3GB.L | EQQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 6.19% | -5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 12.46% | -11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.20% | 16.44% | -15.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 19.40% | -17.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.81% | 19.38% | -17.57% |
T3GB.L vs. EQQQ.L - Expense Ratio Comparison
T3GB.L has a 0.10% expense ratio, which is lower than EQQQ.L's 0.30% expense ratio.
Dividends
T3GB.L vs. EQQQ.L - Dividend Comparison
T3GB.L's dividend yield for the trailing twelve months is around 3.84%, more than EQQQ.L's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
T3GB.L and EQQQ.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 0.30% for EQQQ.L.
T3GB.L is categorized as Government Bonds, while EQQQ.L is Nasdaq-100. T3GB.L tracks Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist, while EQQQ.L tracks NASDAQ-100 Index. Their fees differ too: 0.10% for T3GB.L and 0.30% for EQQQ.L.
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