EQQD.L vs. 5QQQ.L

Last updated Jun 5, 2026

EQQD.L (Invesco Nasdaq-100 Swap UCITS ETF Dist) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both Nasdaq-100 funds. EQQD.L is passively managed, while 5QQQ.L is actively managed. Over the past 3 years, EQQD.L returned 28.25%/yr vs 74.24%/yr for 5QQQ.L. With a 0.97 correlation, they move nearly in lockstep. EQQD.L charges 0.20%/yr vs 0.75%/yr for 5QQQ.L.

Performance

EQQD.L vs. 5QQQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EQQD.L achieves a 19.77% return, which is significantly lower than 5QQQ.L's 91.61% return.

EQQD.L

• 1D: -0.73%
• 1M: 8.59%
• YTD: 19.77%
• 6M: 19.21%
• 1Y: 40.52%
• 3Y*: 28.25%
• 5Y*: —
• 10Y*: —

5QQQ.L

• 1D: -3.32%
• 1M: 44.78%
• YTD: 91.61%
• 6M: 81.12%
• 1Y: 210.54%
• 3Y*: 74.24%
• 5Y*: —
• 10Y*: —

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

EQQD.L vs. 5QQQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist	19.77%	19.91%	26.75%	56.61%	-33.32%	3.75%
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	91.61%	2.40%	73.88%	427.83%	-96.06%	17.73%

Correlation

The correlation between EQQD.L and 5QQQ.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.97

The correlation between EQQD.L and 5QQQ.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

EQQD.L vs. 5QQQ.L - Sectors Allocation Comparison

Sectors	EQQD.L	5QQQ.L
Technology	53.7%	54.2%
Communication Services	15.8%	15.5%
Consumer Cyclical	12.2%	12.2%
Consumer Defensive	7.7%	7.6%
Healthcare	4.2%	4.2%
Industrials	3.1%	2.8%
Utilities	1.4%	1.4%
Basic Materials	1.1%	1.2%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

EQQD.L vs. 5QQQ.L — Risk / Return Rank

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

EQQD.L

EQQD.L Risk / Return Rank: 76
EQQD.L Sharpe Ratio Rank: 81
EQQD.L Sortino Ratio Rank: 81
EQQD.L Omega Ratio Rank: 76
EQQD.L Calmar Ratio Rank: 73
EQQD.L Martin Ratio Rank: 72

5QQQ.L

5QQQ.L Risk / Return Rank: 63
5QQQ.L Sharpe Ratio Rank: 74
5QQQ.L Sortino Ratio Rank: 63
5QQQ.L Omega Ratio Rank: 60
5QQQ.L Calmar Ratio Rank: 69
5QQQ.L Martin Ratio Rank: 47

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.

EQQD.L vs. 5QQQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.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.

	EQQD.L	5QQQ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.32	+0.25
Sortino ratio: Return per unit of downside risk	3.55	2.87	+0.69
Omega ratio: Gain probability vs. loss probability	1.44	1.36	+0.09
Calmar ratio: Return relative to maximum drawdown	3.61	3.33	+0.28
Martin ratio: Return relative to average drawdown	13.24	7.73	+5.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQQD.L vs. 5QQQ.L - Sharpe Ratio Comparison

The current EQQD.L Sharpe Ratio is 2.57, which is comparable to the 5QQQ.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of EQQD.L and 5QQQ.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.

Sharpe Ratios by Period

	EQQD.L	5QQQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.32	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	-0.04	+0.86

Drawdowns

EQQD.L vs. 5QQQ.L - Drawdown Comparison

The maximum EQQD.L drawdown since its inception was -34.95%, smaller than the maximum 5QQQ.L drawdown of -96.41%. Use the drawdown chart below to compare losses from any high point for EQQD.L and 5QQQ.L.

Drawdown Indicators

	EQQD.L	5QQQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-96.41%	+61.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-62.83%	+51.65%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	-80.22%	+57.37%
Current Drawdown Current decline from peak	-0.73%	-31.90%	+31.17%
Average Drawdown Average peak-to-trough decline	-9.10%	-75.59%	+66.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	27.12%	-24.07%

Volatility

EQQD.L vs. 5QQQ.L - Volatility Comparison

The current volatility for Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) is 5.03%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) has a volatility of 23.97%. This indicates that EQQD.L experiences smaller price fluctuations and is considered to be less risky than 5QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQD.L	5QQQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	23.97%	-18.94%
Volatility (6M) Calculated over the trailing 6-month period	11.67%	58.10%	-46.43%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	90.01%	-74.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	107.69%	-86.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	107.69%	-86.90%

EQQD.L vs. 5QQQ.L - Expense Ratio Comparison

EQQD.L has a 0.20% expense ratio, which is lower than 5QQQ.L's 0.75% expense ratio.

Dividends

EQQD.L vs. 5QQQ.L - Dividend Comparison

EQQD.L's dividend yield for the trailing twelve months is around 0.54%, while 5QQQ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist	0.54%	0.64%	0.75%	0.75%	0.95%	0.31%

Frequently Asked Questions

Can I hold both EQQD.L and 5QQQ.L in my portfolio?

With a correlation of 0.97, EQQD.L and 5QQQ.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, EQQD.L or 5QQQ.L?

On fees, EQQD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQQD.L or 5QQQ.L?

EQQD.L is cheaper with a 0.20% expense ratio, compared with 0.75% for 5QQQ.L.

What is the main difference between EQQD.L and 5QQQ.L?

They also come from different issuers: Invesco and Leverage Shares. Their fees differ too: 0.20% for EQQD.L and 0.75% for 5QQQ.L.