2GOO.L vs. 5QQQ.L
2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 2GOO.L is a Leveraged Equities fund tracking the NYSE Leveraged 2x GOOG Index, while 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares. 2GOO.L is passively managed, while 5QQQ.L is actively managed. Over the past 3 years, 2GOO.L returned 66.60%/yr vs 69.87%/yr for 5QQQ.L. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
2GOO.L vs. 5QQQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2GOO.L achieves a 28.19% return, which is significantly lower than 5QQQ.L's 92.08% return.
2GOO.L
- 1D
- 6.74%
- 1M
- -9.16%
- YTD
- 28.19%
- 6M
- 23.76%
- 1Y
- 309.66%
- 3Y*
- 66.60%
- 5Y*
- 34.18%
- 10Y*
- —
5QQQ.L
- 1D
- -3.36%
- 1M
- 46.02%
- YTD
- 92.08%
- 6M
- 79.80%
- 1Y
- 213.52%
- 3Y*
- 69.87%
- 5Y*
- —
- 10Y*
- —
2GOO.L vs. 5QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 28.19% | 100.64% | 64.47% | 106.54% | -66.92% | 3.64% |
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 92.08% | -4.78% | 76.82% | 401.38% | -95.59% | 15.05% |
Correlation
The correlation between 2GOO.L and 5QQQ.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.63 |
Over the past year, the correlation between 2GOO.L and 5QQQ.L has dropped to 0.40 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
2GOO.L vs. 5QQQ.L — Risk / Return Rank
2GOO.L
5QQQ.L
2GOO.L vs. 5QQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.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.
| 2GOO.L | 5QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.37 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 3.39 | +5.22 |
| Martin ratioReturn relative to average drawdown | 28.76 | 7.76 | +21.00 |
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
| 2GOO.L | 5QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.57 | 2.38 | +3.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | -0.04 | +0.89 |
Drawdowns
2GOO.L vs. 5QQQ.L - Drawdown Comparison
The maximum 2GOO.L drawdown since its inception was -69.73%, smaller than the maximum 5QQQ.L drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for 2GOO.L and 5QQQ.L.
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Drawdown Indicators
| 2GOO.L | 5QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -95.97% | +26.24% |
Max Drawdown (1Y)Largest decline over 1 year | -35.69% | -62.48% | +26.79% |
Max Drawdown (3Y)Largest decline over 3 years | -53.24% | -80.23% | +26.99% |
Max Drawdown (5Y)Largest decline over 5 years | -69.73% | — | — |
Current DrawdownCurrent decline from peak | -15.61% | -31.50% | +15.89% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -74.65% | +49.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 27.40% | -16.69% |
Volatility
2GOO.L vs. 5QQQ.L - Volatility Comparison
The current volatility for Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) is 15.17%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) has a volatility of 23.67%. This indicates that 2GOO.L experiences smaller price fluctuations and is considered to be less risky than 5QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2GOO.L | 5QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 23.67% | -8.50% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 56.95% | -21.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 88.96% | -33.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.11% | 105.45% | -46.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 105.45% | -43.63% |
2GOO.L vs. 5QQQ.L - Expense Ratio Comparison
Both 2GOO.L and 5QQQ.L have an expense ratio of 0.75%.
Dividends
2GOO.L vs. 5QQQ.L - Dividend Comparison
Neither 2GOO.L nor 5QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
2GOO.L and 5QQQ.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
2GOO.L and 5QQQ.L have the same expense ratio: 0.75% per year.
2GOO.L is categorized as Leveraged Equities, while 5QQQ.L is Nasdaq-100.
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