IUMF.L vs. QQQY.L
IUMF.L (iShares Edge MSCI USA Momentum Factor UCITS ETF) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both exchange-traded funds - IUMF.L is a Momentum fund tracking the MSCI USA Momentum Index, while QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares. IUMF.L is passively managed, while QQQY.L is actively managed. Over the past year, IUMF.L returned 43.66% vs 34.31% for QQQY.L. A 0.57 correlation means they provide meaningful diversification when combined. IUMF.L charges 0.20%/yr vs 0.45%/yr for QQQY.L.
Performance
IUMF.L vs. QQQY.L - Performance Comparison
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Different Trading Currencies
IUMF.L is traded in GBp, while QQQY.L is traded in USD. To make them comparable, the QQQY.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUMF.L achieves a 32.21% return, which is significantly higher than QQQY.L's 16.49% return.
IUMF.L
- 1D
- 1.91%
- 1M
- 18.47%
- YTD
- 32.21%
- 6M
- 32.62%
- 1Y
- 43.66%
- 3Y*
- 29.81%
- 5Y*
- 15.74%
- 10Y*
- —
QQQY.L
- 1D
- 0.16%
- 1M
- 12.12%
- YTD
- 16.49%
- 6M
- 15.53%
- 1Y
- 34.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUMF.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IUMF.L iShares Edge MSCI USA Momentum Factor UCITS ETF | 32.21% | 9.14% | 12.59% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 16.49% | 6.11% | 13.12% |
Correlation
The correlation between IUMF.L and QQQY.L is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.57 |
The correlation between IUMF.L and QQQY.L has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
IUMF.L vs. QQQY.L — Risk / Return Rank
IUMF.L
QQQY.L
IUMF.L vs. QQQY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) and IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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.
| IUMF.L | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 4.93 | -0.26 |
| Martin ratioReturn relative to average drawdown | 15.06 | 11.05 | +4.01 |
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
| IUMF.L | QQQY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.24 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.98 | -0.13 |
Drawdowns
IUMF.L vs. QQQY.L - Drawdown Comparison
The maximum IUMF.L drawdown since its inception was -25.23%, which is greater than QQQY.L's maximum drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for IUMF.L and QQQY.L.
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Drawdown Indicators
| IUMF.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.23% | -22.90% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -6.93% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -5.04% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.10% | -0.21% |
Volatility
IUMF.L vs. QQQY.L - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) has a higher volatility of 7.74% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) at 5.02%. This indicates that IUMF.L's price experiences larger fluctuations and is considered to be riskier than QQQY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUMF.L | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 5.02% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 10.36% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 15.26% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 21.27% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 21.27% | -2.62% |
IUMF.L vs. QQQY.L - Expense Ratio Comparison
IUMF.L has a 0.20% expense ratio, which is lower than QQQY.L's 0.45% expense ratio.
Dividends
IUMF.L vs. QQQY.L - Dividend Comparison
IUMF.L has not paid dividends to shareholders, while QQQY.L's dividend yield for the trailing twelve months is around 67.17%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IUMF.L iShares Edge MSCI USA Momentum Factor UCITS ETF | 0.00% | 0.00% | 0.00% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.17% | 120.60% | 18.65% |
Frequently Asked Questions
IUMF.L and QQQY.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUMF.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUMF.L is cheaper with a 0.20% expense ratio, compared with 0.45% for QQQY.L.
IUMF.L is categorized as Momentum, while QQQY.L is Nasdaq-100. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.20% for IUMF.L and 0.45% for QQQY.L.
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