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

VUSA.L vs. EQQQ.L

Last updated Jun 9, 2026

VUSA.L (Vanguard S&P 500 UCITS ETF) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - VUSA.L is a S&P 500 fund tracking the S&P 500 Index, while EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, VUSA.L returned 15.87%/yr vs 22.24%/yr for EQQQ.L. Their correlation of 0.90 suggests significant overlap in exposure. VUSA.L charges 0.07%/yr vs 0.30%/yr for EQQQ.L.

Performance

VUSA.L vs. EQQQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard S&P 500 UCITS ETF (VUSA.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

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

Returns By Period

In the year-to-date period, VUSA.L achieves a 9.33% return, which is significantly lower than EQQQ.L's 17.33% return. Over the past 10 years, VUSA.L has underperformed EQQQ.L with an annualized return of 15.87%, while EQQQ.L has yielded a comparatively higher 22.24% annualized return.

VUSA.L

1D
-0.48%
1M
2.89%
YTD
9.33%
6M
8.95%
1Y
27.06%
3Y*
19.01%
5Y*
14.56%
10Y*
15.87%

EQQQ.L

1D
-0.18%
1M
3.83%
YTD
17.33%
6M
15.28%
1Y
38.00%
3Y*
24.64%
5Y*
18.12%
10Y*
22.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
VUSA.L
Vanguard S&P 500 UCITS ETF		9.33%9.39%27.33%19.82%-9.02%30.97%13.65%26.53%-0.10%10.72%
EQQQ.L
Invesco EQQQ NASDAQ-100 UCITS ETF		17.33%11.54%28.55%47.79%-25.54%29.59%43.32%33.69%4.64%20.12%

Correlation

The correlation between VUSA.L and EQQQ.L is 0.92, 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

0.92

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

0.91

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

0.91

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

0.90

Correlation (All Time)
Calculated using the full available price history since May 23, 2012

0.90

The correlation between VUSA.L and EQQQ.L has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

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

Sectors
VUSA.L
EQQQ.L

Technology

35.7%
57.9%

Financial Services

11.6%
0.2%

Communication Services

11.3%
14.5%

Consumer Cyclical

10.2%
11.6%

Healthcare

8.5%
3.7%

Industrials

8.3%
2.8%

Consumer Defensive

4.9%
6.6%

Energy

3.5%
0.5%

Utilities

2.4%
1.2%

Real Estate

1.9%
0.0%

Basic Materials

1.8%
1.0%

Technology

VUSA.L
35.7%
EQQQ.L
57.9%

Financial Services

VUSA.L
11.6%
EQQQ.L
0.2%

Communication Services

VUSA.L
11.3%
EQQQ.L
14.5%

Consumer Cyclical

VUSA.L
10.2%
EQQQ.L
11.6%

Healthcare

VUSA.L
8.5%
EQQQ.L
3.7%

Industrials

VUSA.L
8.3%
EQQQ.L
2.8%

Consumer Defensive

VUSA.L
4.9%
EQQQ.L
6.6%

Energy

VUSA.L
3.5%
EQQQ.L
0.5%

Utilities

VUSA.L
2.4%
EQQQ.L
1.2%

Real Estate

VUSA.L
1.9%
EQQQ.L
0.0%

Basic Materials

VUSA.L
1.8%
EQQQ.L
1.0%

Compare stocks, funds, or ETFs

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Vanguard S&P 500 UCITS ETF

Invesco EQQQ NASDAQ-100 UCITS ETF

Often compared with VUSA.L:
VUSA.L vs. CSPX.ASVUSA.L vs. VOOVUSA.L vs. VWRL.LVUSA.L vs. SGLN.LVUSA.L vs. VNRT.LVUSA.L vs. VUSA.DEVUSA.L vs. VUKE.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VUSA.L
VUSA.L Risk / Return Rank: 8383
Overall Rank
VUSA.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VUSA.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
VUSA.L Omega Ratio Rank: 8585
Omega Ratio Rank
VUSA.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
VUSA.L Martin Ratio Rank: 7979
Martin Ratio Rank
EQQQ.L
EQQQ.L Risk / Return Rank: 7878
Overall Rank
EQQQ.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
EQQQ.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
EQQQ.L Omega Ratio Rank: 8383
Omega Ratio Rank
EQQQ.L Calmar Ratio Rank: 7575
Calmar Ratio Rank
EQQQ.L Martin Ratio Rank: 6262
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.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.

VUSA.LEQQQ.LDifference
Sharpe ratioReturn per unit of total volatility
2.54
2.55

-0.01

Sortino ratioReturn per unit of downside risk
3.43
3.38

+0.06

Omega ratioGain probability vs. loss probability

1.47

1.45

+0.02

Calmar ratioReturn relative to maximum drawdown

3.79

3.45

+0.34

Martin ratioReturn relative to average drawdown

13.96

10.14

+3.82

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

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

The current VUSA.L Sharpe Ratio is 2.54, which is comparable to the EQQQ.L Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of VUSA.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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Sharpe Ratios by Period

VUSA.LEQQQ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.54

2.55

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.02

0.95

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.01

1.15

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

1.07

0.11

+0.96

Drawdowns

VUSA.L vs. EQQQ.L - Drawdown Comparison

The maximum VUSA.L drawdown since its inception was -25.48%, smaller than the maximum EQQQ.L drawdown of -65.36%. Use the drawdown chart below to compare losses from any high point for VUSA.L and EQQQ.L.

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Drawdown Indicators

VUSA.LEQQQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.48%

-65.36%

+39.88%

Max Drawdown (1Y)

Largest decline over 1 year

-7.10%

-10.97%

+3.87%

Max Drawdown (3Y)

Largest decline over 3 years

-20.93%

-24.09%

+3.16%

Max Drawdown (5Y)

Largest decline over 5 years

-20.93%

-27.76%

+6.83%

Max Drawdown (10Y)

Largest decline over 10 years

-25.48%

-27.76%

+2.28%

Current Drawdown

Current decline from peak

-1.30%

-2.72%

+1.42%

Average Drawdown

Average peak-to-trough decline

-3.16%

-12.51%

+9.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

3.74%

-1.81%

Volatility

VUSA.L vs. EQQQ.L - Volatility Comparison

The current volatility for Vanguard S&P 500 UCITS ETF (VUSA.L) is 2.72%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) has a volatility of 4.63%. This indicates that VUSA.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

VUSA.LEQQQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.72%

4.63%

-1.91%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

10.51%

-3.37%

Volatility (1Y)

Calculated over the trailing 1-year period

10.63%

14.87%

-4.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.30%

19.16%

-4.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.65%

19.36%

-3.71%

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

VUSA.L has a 0.07% expense ratio, which is lower than EQQQ.L's 0.30% expense ratio.

Dividends

VUSA.L vs. EQQQ.L - Dividend Comparison

VUSA.L's dividend yield for the trailing twelve months is around 0.87%, 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%
VUSA.L
Vanguard S&P 500 UCITS ETF		0.87%0.95%1.00%1.24%1.41%1.04%1.44%1.50%1.72%1.61%1.58%1.74%

Frequently Asked Questions

With a correlation of 0.92, VUSA.L and EQQQ.L 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, VUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUSA.L is cheaper with a 0.07% expense ratio, compared with 0.30% for EQQQ.L.

VUSA.L is categorized as S&P 500, while EQQQ.L is Nasdaq-100. VUSA.L tracks S&P 500 Index, while EQQQ.L tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.07% for VUSA.L and 0.30% for EQQQ.L.

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