2MU.L vs. 5QQQ.L
2MU.L (Leverage Shares 2x Micron Technology ETC GBP) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 2MU.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 2X MU Index, while 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares. 2MU.L is passively managed, while 5QQQ.L is actively managed. Over the past 3 years, 2MU.L returned 342.43%/yr vs 57.01%/yr for 5QQQ.L. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
2MU.L vs. 5QQQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2MU.L achieves a 1,048.84% return, which is significantly higher than 5QQQ.L's 53.71% return.
2MU.L
- 1D
- 0.00%
- 1M
- 113.85%
- YTD
- 1,048.84%
- 6M
- 1,176.49%
- 1Y
- 5,133.05%
- 3Y*
- 342.43%
- 5Y*
- 108.24%
- 10Y*
- —
5QQQ.L
- 1D
- -13.00%
- 1M
- -9.96%
- YTD
- 53.71%
- 6M
- 50.43%
- 1Y
- 154.51%
- 3Y*
- 57.01%
- 5Y*
- —
- 10Y*
- —
2MU.L vs. 5QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 1,048.84% | 550.25% | -30.59% | 142.95% | -76.42% | 19.71% |
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 53.71% | -4.78% | 76.84% | 401.35% | -95.59% | 15.05% |
Correlation
The correlation between 2MU.L and 5QQQ.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.59 |
The correlation between 2MU.L and 5QQQ.L has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
2MU.L vs. 5QQQ.L — Risk / Return Rank
2MU.L
5QQQ.L
2MU.L vs. 5QQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Micron Technology ETC GBP (2MU.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.
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.
| 2MU.L | 5QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +33.68 | ||
| Sortino ratioReturn per unit of downside risk | +4.33 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 1.30 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 96.49 | 2.71 | +93.78 |
| Martin ratioReturn relative to average drawdown | 321.59 | 7.12 | +314.48 |
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Drawdowns
2MU.L vs. 5QQQ.L - Drawdown Comparison
The maximum 2MU.L drawdown since its inception was -89.16%, smaller than the maximum 5QQQ.L drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for 2MU.L and 5QQQ.L.
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Drawdown Indicators
| 2MU.L | 5QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.16% | -95.97% | +6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -53.20% | -56.68% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -89.16% | -80.23% | -8.93% |
Max Drawdown (5Y)Largest decline over 5 years | -89.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -45.19% | +45.19% |
Average DrawdownAverage peak-to-trough decline | -44.45% | -74.21% | +29.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.96% | 21.62% | -5.66% |
Volatility
2MU.L vs. 5QQQ.L - Volatility Comparison
Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a higher volatility of 45.75% compared to Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) at 32.44%. This indicates that 2MU.L's price experiences larger fluctuations and is considered to be riskier 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
| 2MU.L | 5QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.75% | 32.44% | +13.31% |
Volatility (6M)Calculated over the trailing 6-month period | 100.35% | 63.75% | +36.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 144.36% | 81.78% | +62.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.99% | 103.59% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.94% | 103.59% | +0.35% |
2MU.L vs. 5QQQ.L - Expense Ratio Comparison
Both 2MU.L and 5QQQ.L have an expense ratio of 0.75%.
Dividends
2MU.L vs. 5QQQ.L - Dividend Comparison
Neither 2MU.L nor 5QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
2MU.L and 5QQQ.L have a correlation of 0.60, 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.
2MU.L and 5QQQ.L have the same expense ratio: 0.75% per year.
2MU.L is categorized as Leveraged Equities, while 5QQQ.L is Nasdaq-100.
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