2MSF.L vs. QQQY.L
2MSF.L (Leverage Shares 2x Microsoft ETC A GBP) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both exchange-traded funds - 2MSF.L is a Leveraged Equities fund tracking the NYSE Leveraged 2x MSFT Index, while QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares. 2MSF.L is passively managed, while QQQY.L is actively managed. Over the past year, 2MSF.L returned -25.08% vs 33.09% for QQQY.L. At a 0.31 correlation, their price movements are largely independent. 2MSF.L charges 0.75%/yr vs 0.45%/yr for QQQY.L.
Performance
2MSF.L vs. QQQY.L - Performance Comparison
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Different Trading Currencies
2MSF.L is traded in GBp, while QQQY.L is traded in USD. To make them comparable, the QQQY.L 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 -27.61% return, which is significantly lower than QQQY.L's 15.57% return.
2MSF.L
- 1D
- 2.03%
- 1M
- 9.24%
- YTD
- -27.61%
- 6M
- -26.03%
- 1Y
- -25.08%
- 3Y*
- 0.32%
- 5Y*
- 10.56%
- 10Y*
- —
QQQY.L
- 1D
- -0.82%
- 1M
- 8.63%
- YTD
- 15.57%
- 6M
- 13.96%
- 1Y
- 33.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
2MSF.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
2MSF.L Leverage Shares 2x Microsoft ETC A GBP | -27.61% | 4.50% | 10.17% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 15.57% | 6.11% | 13.12% |
Correlation
The correlation between 2MSF.L and QQQY.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.31 |
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Return for Risk
2MSF.L vs. QQQY.L — Risk / Return Rank
2MSF.L
QQQY.L
2MSF.L vs. QQQY.L - 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 IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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.
| 2MSF.L | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.43 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 4.75 | -5.12 |
| Martin ratioReturn relative to average drawdown | -0.63 | 10.65 | -11.29 |
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 | QQQY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 2.16 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.96 | -0.41 |
Drawdowns
2MSF.L vs. QQQY.L - Drawdown Comparison
The maximum 2MSF.L drawdown since its inception was -66.77%, which is greater than QQQY.L's maximum drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for 2MSF.L and QQQY.L.
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Drawdown Indicators
| 2MSF.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.77% | -22.90% | -43.87% |
Max Drawdown (1Y)Largest decline over 1 year | -66.77% | -6.93% | -59.84% |
Max Drawdown (3Y)Largest decline over 3 years | -66.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.77% | — | — |
Current DrawdownCurrent decline from peak | -54.46% | -0.82% | -53.64% |
Average DrawdownAverage peak-to-trough decline | -18.72% | -5.03% | -13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.60% | 3.10% | +36.50% |
Volatility
2MSF.L vs. QQQY.L - Volatility Comparison
Leverage Shares 2x Microsoft ETC A GBP (2MSF.L) has a higher volatility of 20.94% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) at 4.83%. This indicates that 2MSF.L's price experiences larger fluctuations and is considered to be riskier than QQQY.L 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 | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.94% | 4.83% | +16.11% |
Volatility (6M)Calculated over the trailing 6-month period | 48.79% | 10.38% | +38.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.44% | 15.28% | +51.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.38% | 21.26% | +32.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.69% | 21.26% | +31.43% |
2MSF.L vs. QQQY.L - Expense Ratio Comparison
2MSF.L has a 0.75% expense ratio, which is higher than QQQY.L's 0.45% expense ratio.
Dividends
2MSF.L vs. QQQY.L - Dividend Comparison
2MSF.L has not paid dividends to shareholders, while QQQY.L's dividend yield for the trailing twelve months is around 67.73%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
2MSF.L Leverage Shares 2x Microsoft ETC A GBP | 0.00% | 0.00% | 0.00% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.73% | 120.60% | 18.65% |
Frequently Asked Questions
2MSF.L and QQQY.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 2MSF.L.
2MSF.L is categorized as Leveraged Equities, while QQQY.L is Nasdaq-100. Their fees differ too: 0.75% for 2MSF.L and 0.45% for QQQY.L.
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