2MSF.L vs. LQQ.PA
Compare and contrast key facts about Leverage Shares 2x Microsoft ETC A GBP (2MSF.L) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA).
2MSF.L and LQQ.PA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 2MSF.L is a passively managed fund by Leverage Shares that tracks the performance of the NYSE Leveraged 2x MSFT Index. It was launched on Dec 5, 2017. LQQ.PA is a passively managed fund by Amundi that tracks the performance of the Nasdaq 100® Leverage (2x) index. It was launched on Jun 27, 2006. Both 2MSF.L and LQQ.PA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
2MSF.L vs. LQQ.PA - Performance Comparison
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2MSF.L vs. LQQ.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
2MSF.L Leverage Shares 2x Microsoft ETC A GBP | -44.02% | 4.50% | 17.75% | 106.56% | -51.52% | 121.86% | 56.71% | 122.13% | 22.60% |
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage | -10.45% | 20.27% | 49.88% | 108.09% | -57.09% | 61.06% | 84.01% | 72.88% | -14.60% |
Different Trading Currencies
2MSF.L is traded in GBp, while LQQ.PA is traded in EUR. To make them comparable, the LQQ.PA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 2MSF.L achieves a -44.02% return, which is significantly lower than LQQ.PA's -10.45% return.
2MSF.L
- 1D
- 2.95%
- 1M
- -13.20%
- YTD
- -44.02%
- 6M
- -51.25%
- 1Y
- -21.24%
- 3Y*
- 2.43%
- 5Y*
- 5.97%
- 10Y*
- —
LQQ.PA
- 1D
- 6.07%
- 1M
- -5.78%
- YTD
- -10.45%
- 6M
- -6.90%
- 1Y
- 36.69%
- 3Y*
- 34.29%
- 5Y*
- 17.32%
- 10Y*
- 30.89%
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2MSF.L vs. LQQ.PA - Expense Ratio Comparison
2MSF.L has a 0.75% expense ratio, which is higher than LQQ.PA's 0.60% expense ratio.
Return for Risk
2MSF.L vs. LQQ.PA — Risk / Return Rank
2MSF.L
LQQ.PA
2MSF.L vs. LQQ.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Microsoft ETC A GBP (2MSF.L) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). 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.
| 2MSF.L | LQQ.PA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.32 | 0.95 | -1.27 |
Sortino ratioReturn per unit of downside risk | -0.04 | 1.49 | -1.53 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.21 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.80 | -3.12 |
Martin ratioReturn relative to average drawdown | -0.67 | 8.87 | -9.54 |
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
| 2MSF.L | LQQ.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | 0.95 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.43 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.66 | -0.17 |
Correlation
The correlation between 2MSF.L and LQQ.PA is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
2MSF.L vs. LQQ.PA - Dividend Comparison
Neither 2MSF.L nor LQQ.PA has paid dividends to shareholders.
Drawdowns
2MSF.L vs. LQQ.PA - Drawdown Comparison
The maximum 2MSF.L drawdown since its inception was -66.77%, roughly equal to the maximum LQQ.PA drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for 2MSF.L and LQQ.PA.
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Drawdown Indicators
| 2MSF.L | LQQ.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.77% | -75.86% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -66.77% | -24.34% | -42.43% |
Max Drawdown (5Y)Largest decline over 5 years | -66.77% | -61.21% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.21% | — |
Current DrawdownCurrent decline from peak | -64.79% | -17.00% | -47.79% |
Average DrawdownAverage peak-to-trough decline | -17.94% | -15.84% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.90% | 6.75% | +25.15% |
Volatility
2MSF.L vs. LQQ.PA - Volatility Comparison
The current volatility for Leverage Shares 2x Microsoft ETC A GBP (2MSF.L) is 10.10%, while Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a volatility of 10.83%. This indicates that 2MSF.L experiences smaller price fluctuations and is considered to be less risky than LQQ.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2MSF.L | LQQ.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 10.83% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 56.78% | 23.09% | +33.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.87% | 38.37% | +28.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.26% | 39.22% | +13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.21% | 38.27% | +13.94% |