5QQQ.L vs. 2MU.L
5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both exchange-traded funds - 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares, while 2MU.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 2X MU Index. 5QQQ.L is actively managed, while 2MU.L is passively managed. Over the past 3 years, 5QQQ.L returned 69.87%/yr vs 288.49%/yr for 2MU.L. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
5QQQ.L vs. 2MU.L - Performance Comparison
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Returns By Period
In the year-to-date period, 5QQQ.L achieves a 92.08% return, which is significantly lower than 2MU.L's 783.72% return.
5QQQ.L
- 1D
- -3.36%
- 1M
- 46.02%
- YTD
- 92.08%
- 6M
- 79.80%
- 1Y
- 213.52%
- 3Y*
- 69.87%
- 5Y*
- —
- 10Y*
- —
2MU.L
- 1D
- -10.80%
- 1M
- 128.37%
- YTD
- 783.72%
- 6M
- 1,297.06%
- 1Y
- 5,521.30%
- 3Y*
- 288.49%
- 5Y*
- 95.03%
- 10Y*
- —
5QQQ.L vs. 2MU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 92.08% | -4.78% | 76.82% | 401.38% | -95.59% | 15.05% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 783.72% | 550.25% | -30.59% | 142.95% | -76.42% | 24.55% |
Correlation
The correlation between 5QQQ.L and 2MU.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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.59 |
The correlation between 5QQQ.L and 2MU.L has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
5QQQ.L vs. 2MU.L — Risk / Return Rank
5QQQ.L
2MU.L
5QQQ.L vs. 2MU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.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.
| 5QQQ.L | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -40.10 | ||
| Sortino ratioReturn per unit of downside risk | -4.36 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.90 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 102.11 | -98.72 |
| Martin ratioReturn relative to average drawdown | 7.76 | 363.67 | -355.91 |
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
| 5QQQ.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 42.49 | -40.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.95 | -0.99 |
Drawdowns
5QQQ.L vs. 2MU.L - Drawdown Comparison
The maximum 5QQQ.L drawdown since its inception was -95.97%, which is greater than 2MU.L's maximum drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for 5QQQ.L and 2MU.L.
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Drawdown Indicators
| 5QQQ.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.97% | -89.16% | -6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -62.48% | -53.20% | -9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -80.23% | -89.16% | +8.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.16% | — |
Current DrawdownCurrent decline from peak | -31.50% | -10.80% | -20.70% |
Average DrawdownAverage peak-to-trough decline | -74.65% | -44.84% | -29.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 14.97% | +12.43% |
Volatility
5QQQ.L vs. 2MU.L - Volatility Comparison
The current volatility for Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) is 23.67%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 46.25%. This indicates that 5QQQ.L experiences smaller price fluctuations and is considered to be less risky than 2MU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5QQQ.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.67% | 46.25% | -22.58% |
Volatility (6M)Calculated over the trailing 6-month period | 56.95% | 97.07% | -40.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.96% | 127.89% | -38.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.45% | 104.82% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.45% | 100.87% | +4.58% |
5QQQ.L vs. 2MU.L - Expense Ratio Comparison
Both 5QQQ.L and 2MU.L have an expense ratio of 0.75%.
Dividends
5QQQ.L vs. 2MU.L - Dividend Comparison
Neither 5QQQ.L nor 2MU.L has paid dividends to shareholders.
Frequently Asked Questions
5QQQ.L and 2MU.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.
5QQQ.L and 2MU.L have the same expense ratio: 0.75% per year.
5QQQ.L is categorized as Nasdaq-100, while 2MU.L is Leveraged Equities.
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