5QQE.L vs. QYLD.L
5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both Nasdaq-100 funds. 5QQE.L is actively managed, while QYLD.L is passively managed. Over the past 3 years, 5QQE.L returned 35.97%/yr vs 11.22%/yr for QYLD.L. At a 0.45 correlation, their price movements are largely independent. 5QQE.L charges 0.75%/yr vs 0.45%/yr for QYLD.L.
Performance
5QQE.L vs. QYLD.L - Performance Comparison
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Different Trading Currencies
5QQE.L is traded in EUR, while QYLD.L is traded in USD. To make them comparable, the QYLD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5QQE.L achieves a 26.11% return, which is significantly higher than QYLD.L's 7.51% return.
5QQE.L
- 1D
- -10.81%
- 1M
- -27.47%
- 6M
- 22.98%
- YTD
- 26.11%
- 1Y
- 57.14%
- 3Y*
- 35.97%
- 5Y*
- —
- 10Y*
- —
QYLD.L
- 1D
- -2.11%
- 1M
- -1.99%
- 6M
- 5.31%
- YTD
- 7.51%
- 1Y
- 17.78%
- 3Y*
- 11.22%
- 5Y*
- —
- 10Y*
- —
5QQE.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 26.11% | -9.77% | 85.15% | 410.76% | -36.33% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 7.51% | -7.14% | 33.01% | 19.55% | -5.79% |
Correlation
The correlation between 5QQE.L and QYLD.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.45 |
The correlation between 5QQE.L and QYLD.L shifts across timeframes, from 0.45 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
5QQE.L vs. QYLD.L — Risk / Return Rank
5QQE.L
QYLD.L
5QQE.L vs. QYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) and Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.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.
| 5QQE.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 4.22 | -3.20 |
| Martin ratioReturn relative to average drawdown | 2.57 | 11.62 | -9.05 |
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Drawdowns
5QQE.L vs. QYLD.L - Drawdown Comparison
The maximum 5QQE.L drawdown since its inception was -96.05%, which is greater than QYLD.L's maximum drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for 5QQE.L and QYLD.L.
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Drawdown Indicators
| 5QQE.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.05% | -25.96% | -70.09% |
Max Drawdown (1Y)Largest decline over 1 year | -56.00% | -4.20% | -51.80% |
Max Drawdown (3Y)Largest decline over 3 years | -80.99% | -25.96% | -55.03% |
Current DrawdownCurrent decline from peak | -55.51% | -4.00% | -51.51% |
Average DrawdownAverage peak-to-trough decline | -72.73% | -6.12% | -66.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.18% | 1.52% | +20.66% |
Volatility
5QQE.L vs. QYLD.L - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a higher volatility of 32.83% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 4.94%. This indicates that 5QQE.L's price experiences larger fluctuations and is considered to be riskier than QYLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5QQE.L | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.83% | 4.94% | +27.89% |
Volatility (6M)Calculated over the trailing 6-month period | 69.05% | 8.81% | +60.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.71% | 10.80% | +75.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.72% | 17.12% | +89.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.72% | 17.12% | +89.60% |
5QQE.L vs. QYLD.L - Expense Ratio Comparison
5QQE.L has a 0.75% expense ratio, which is higher than QYLD.L's 0.45% expense ratio.
Dividends
5QQE.L vs. QYLD.L - Dividend Comparison
5QQE.L has not paid dividends to shareholders, while QYLD.L's dividend yield for the trailing twelve months is around 11.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.85% | 11.41% | 12.28% | 10.88% |
Frequently Asked Questions
5QQE.L and QYLD.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLD.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 5QQE.L.
They also come from different issuers: Leverage Shares and Global X. Their fees differ too: 0.75% for 5QQE.L and 0.45% for QYLD.L.
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