5QQQ.L vs. QQQO.L
5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) and QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) are both Nasdaq-100 funds from Leverage Shares. Both are actively managed. Over the past year, 5QQQ.L returned 213.52% vs 33.32% for QQQO.L. A 0.56 correlation means they provide meaningful diversification when combined. 5QQQ.L charges 0.75%/yr vs 0.45%/yr for QQQO.L.
Performance
5QQQ.L vs. QQQO.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 higher than QQQO.L's 15.53% return.
5QQQ.L
- 1D
- -3.36%
- 1M
- 46.02%
- YTD
- 92.08%
- 6M
- 79.80%
- 1Y
- 213.52%
- 3Y*
- 69.87%
- 5Y*
- —
- 10Y*
- —
QQQO.L
- 1D
- -0.66%
- 1M
- 6.84%
- YTD
- 15.53%
- 6M
- 14.50%
- 1Y
- 33.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
5QQQ.L vs. QQQO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 92.08% | -4.78% | 39.44% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 15.53% | 6.57% | 12.88% |
Correlation
The correlation between 5QQQ.L and QQQO.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 (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.56 |
The correlation between 5QQQ.L and QQQO.L has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
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Return for Risk
5QQQ.L vs. QQQO.L — Risk / Return Rank
5QQQ.L
QQQO.L
5QQQ.L vs. QQQO.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 IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.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 | QQQO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.46 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 4.71 | -1.32 |
| Martin ratioReturn relative to average drawdown | 7.76 | 11.27 | -3.52 |
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 | QQQO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 2.37 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 1.18 | -1.22 |
Drawdowns
5QQQ.L vs. QQQO.L - Drawdown Comparison
The maximum 5QQQ.L drawdown since its inception was -95.97%, which is greater than QQQO.L's maximum drawdown of -21.70%. Use the drawdown chart below to compare losses from any high point for 5QQQ.L and QQQO.L.
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Drawdown Indicators
| 5QQQ.L | QQQO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.97% | -21.70% | -74.27% |
Max Drawdown (1Y)Largest decline over 1 year | -62.48% | -7.04% | -55.44% |
Max Drawdown (3Y)Largest decline over 3 years | -80.23% | — | — |
Current DrawdownCurrent decline from peak | -31.50% | -0.66% | -30.84% |
Average DrawdownAverage peak-to-trough decline | -74.65% | -4.40% | -70.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 2.95% | +24.45% |
Volatility
5QQQ.L vs. QQQO.L - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) has a higher volatility of 23.67% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) at 3.90%. This indicates that 5QQQ.L's price experiences larger fluctuations and is considered to be riskier than QQQO.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 | QQQO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.67% | 3.90% | +19.77% |
Volatility (6M)Calculated over the trailing 6-month period | 56.95% | 8.93% | +48.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.96% | 14.00% | +74.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.45% | 17.34% | +88.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.45% | 17.34% | +88.11% |
5QQQ.L vs. QQQO.L - Expense Ratio Comparison
5QQQ.L has a 0.75% expense ratio, which is higher than QQQO.L's 0.45% expense ratio.
Dividends
5QQQ.L vs. QQQO.L - Dividend Comparison
5QQQ.L has not paid dividends to shareholders, while QQQO.L's dividend yield for the trailing twelve months is around 67.52%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 0.00% | 0.00% | 0.00% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 67.52% | 124.53% | 17.93% |
Frequently Asked Questions
5QQQ.L and QQQO.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.
On fees, QQQO.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQO.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 5QQQ.L.
Their fees differ too: 0.75% for 5QQQ.L and 0.45% for QQQO.L.
Find the right allocation for 5QQQ.L and QQQO.L
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