5SPY.L vs. 5QQE.L

Last updated Jun 26, 2026

5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both exchange-traded funds - 5SPY.L is a Leveraged Equities fund actively managed by Leverage Shares, while 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares. Both are actively managed. Over the past 3 years, 5SPY.L returned 47.64%/yr vs 57.26%/yr for 5QQE.L. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

5SPY.L vs. 5QQE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

5SPY.L is traded in USD, while 5QQE.L is traded in EUR. To make them comparable, the 5QQE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 5SPY.L achieves a 16.66% return, which is significantly lower than 5QQE.L's 46.06% return.

5SPY.L

• 1D: -3.53%
• 1M: -11.24%
• YTD: 16.66%
• 6M: 15.09%
• 1Y: 76.72%
• 3Y*: 47.64%
• 5Y*: —
• 10Y*: —

5QQE.L

• 1D: -3.61%
• 1M: -19.03%
• YTD: 46.06%
• 6M: 40.31%
• 1Y: 113.92%
• 3Y*: 57.26%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

5SPY.L vs. 5QQE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
5SPY.L Leverage Shares 5x Long US 500 ETP Securities	16.66%	1.52%	98.06%	100.80%	-80.81%	13.40%
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR	46.06%	2.35%	73.70%	426.90%	-96.07%	17.73%

Correlation

The correlation between 5SPY.L and 5QQE.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021	0.87

The correlation between 5SPY.L and 5QQE.L has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

5SPY.L vs. 5QQE.L - Sectors Allocation Comparison

Sectors	5SPY.L	5QQE.L
Technology	38.4%	58.0%
Financial Services	11.0%	0.2%
Communication Services	10.8%	14.5%
Consumer Cyclical	10.0%	11.6%
Healthcare	8.4%	3.7%
Industrials	7.9%	2.6%
Consumer Defensive	4.6%	6.6%
Energy	3.2%	0.5%
Utilities	2.1%	1.2%
Real Estate	1.8%	0.1%
Basic Materials	1.7%	1.0%

Return for Risk

5SPY.L vs. 5QQE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

5SPY.L

5SPY.L Risk / Return Rank: 41
5SPY.L Sharpe Ratio Rank: 41
5SPY.L Sortino Ratio Rank: 43
5SPY.L Omega Ratio Rank: 39
5SPY.L Calmar Ratio Rank: 39
5SPY.L Martin Ratio Rank: 41

5QQE.L

5QQE.L Risk / Return Rank: 44
5QQE.L Sharpe Ratio Rank: 45
5QQE.L Sortino Ratio Rank: 45
5QQE.L Omega Ratio Rank: 43
5QQE.L Calmar Ratio Rank: 47
5QQE.L Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

5SPY.L vs. 5QQE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.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.

	5SPY.L	5QQE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.36	-0.03
Sortino ratio: Return per unit of downside risk	1.98	2.02	-0.04
Omega ratio: Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio: Return relative to maximum drawdown	1.79	2.00	-0.22
Martin ratio: Return relative to average drawdown	5.89	5.41	+0.47

5SPY.L vs. 5QQE.L - Sharpe Ratio Comparison

The current 5SPY.L Sharpe Ratio is 1.33, which is comparable to the 5QQE.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of 5SPY.L and 5QQE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

5SPY.L vs. 5QQE.L - Drawdown Comparison

The maximum 5SPY.L drawdown since its inception was -82.86%, smaller than the maximum 5QQE.L drawdown of -96.30%. Use the drawdown chart below to compare losses from any high point for 5SPY.L and 5QQE.L.

Drawdown Indicators

	5SPY.L	5QQE.L	Difference
Max Drawdown Largest peak-to-trough decline	-82.86%	-96.30%	+13.44%
Max Drawdown (1Y) Largest decline over 1 year	-42.76%	-56.52%	+13.76%
Max Drawdown (3Y) Largest decline over 3 years	-72.55%	-80.24%	+7.69%
Current Drawdown Current decline from peak	-16.24%	-46.66%	+30.42%
Average Drawdown Average peak-to-trough decline	-49.30%	-73.68%	+24.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.99%	20.96%	-7.97%

Volatility

5SPY.L vs. 5QQE.L - Volatility Comparison

The current volatility for Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) is 18.96%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a volatility of 33.84%. This indicates that 5SPY.L experiences smaller price fluctuations and is considered to be less risky than 5QQE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	5SPY.L	5QQE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.96%	33.84%	-14.88%
Volatility (6M) Calculated over the trailing 6-month period	43.30%	65.21%	-21.91%
Volatility (1Y) Calculated over the trailing 1-year period	57.25%	83.32%	-26.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.20%	108.19%	-28.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.20%	108.19%	-28.99%

5SPY.L vs. 5QQE.L - Expense Ratio Comparison

Both 5SPY.L and 5QQE.L have an expense ratio of 0.75%.

Dividends

5SPY.L vs. 5QQE.L - Dividend Comparison

Neither 5SPY.L nor 5QQE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 5SPY.L and 5QQE.L in my portfolio?

With a correlation of 0.92, 5SPY.L and 5QQE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, 5SPY.L or 5QQE.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 5SPY.L or 5QQE.L?

5SPY.L and 5QQE.L have the same expense ratio: 0.75% per year.

What is the main difference between 5SPY.L and 5QQE.L?

5SPY.L is categorized as Leveraged Equities, while 5QQE.L is Nasdaq-100.