5QQE.L vs. SPXL
Compare and contrast key facts about Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
5QQE.L and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 5QQE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008.
Performance
5QQE.L vs. SPXL - Performance Comparison
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5QQE.L vs. SPXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | -33.48% | -9.64% | 85.35% | 410.76% | -95.87% | 17.69% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | -12.74% | 16.28% | 74.41% | 64.40% | -53.86% | 2.77% |
Different Trading Currencies
5QQE.L is traded in EUR, while SPXL is traded in USD. To make them comparable, the SPXL 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 -33.48% return, which is significantly lower than SPXL's -12.74% return.
5QQE.L
- 1D
- 15.37%
- 1M
- -19.06%
- YTD
- -33.48%
- 6M
- -34.27%
- 1Y
- 23.10%
- 3Y*
- 40.01%
- 5Y*
- —
- 10Y*
- —
SPXL
- 1D
- 2.19%
- 1M
- -12.84%
- YTD
- -12.74%
- 6M
- -10.14%
- 1Y
- 25.54%
- 3Y*
- 35.56%
- 5Y*
- 17.93%
- 10Y*
- 25.42%
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5QQE.L vs. SPXL - Expense Ratio Comparison
5QQE.L has a 0.75% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Return for Risk
5QQE.L vs. SPXL — Risk / Return Rank
5QQE.L
SPXL
5QQE.L vs. SPXL - 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 Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.
| 5QQE.L | SPXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.46 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.00 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.79 | -0.43 |
Martin ratioReturn relative to average drawdown | 0.99 | 2.98 | -1.99 |
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
| 5QQE.L | SPXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.46 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.51 | -0.76 |
Correlation
The correlation between 5QQE.L and SPXL is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
5QQE.L vs. SPXL - Dividend Comparison
5QQE.L has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.78%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.78% | 0.69% | 0.74% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
5QQE.L vs. SPXL - Drawdown Comparison
The maximum 5QQE.L drawdown since its inception was -96.05%, which is greater than SPXL's maximum drawdown of -76.68%. Use the drawdown chart below to compare losses from any high point for 5QQE.L and SPXL.
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Drawdown Indicators
| 5QQE.L | SPXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.05% | -76.86% | -19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -56.03% | -33.42% | -22.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.86% | — |
Current DrawdownCurrent decline from peak | -76.47% | -18.62% | -57.85% |
Average DrawdownAverage peak-to-trough decline | -75.94% | -15.85% | -60.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.20% | 8.42% | +11.78% |
Volatility
5QQE.L vs. SPXL - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a higher volatility of 28.19% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 14.88%. This indicates that 5QQE.L's price experiences larger fluctuations and is considered to be riskier than SPXL 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 | SPXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.19% | 14.88% | +13.31% |
Volatility (6M)Calculated over the trailing 6-month period | 58.38% | 28.29% | +30.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.28% | 55.65% | +40.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.33% | 48.93% | +60.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.33% | 52.89% | +56.44% |