LQQ.PA vs. RXL

Last updated Jun 16, 2026

LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) and RXL (ProShares Ultra Health Care) are both exchange-traded funds - LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index, while RXL is a Leveraged Equities fund tracking the Dow Jones U.S. Health Care Index (200%). Both are passively managed. Over the past 3 years, LQQ.PA returned 42.81%/yr vs 2.88%/yr for RXL. At a 0.07 correlation, their price movements are largely independent. LQQ.PA charges 0.60%/yr vs 0.95%/yr for RXL.

Performance

LQQ.PA vs. RXL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) and ProShares Ultra Health Care (RXL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LQQ.PA is traded in EUR, while RXL is traded in USD. To make them comparable, the RXL values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LQQ.PA achieves a 40.35% return, which is significantly higher than RXL's -3.72% return.

LQQ.PA

• 1D: 5.42%
• 1M: 8.04%
• YTD: 40.35%
• 6M: 42.90%
• 1Y: 81.16%
• 3Y*: 42.81%
• 5Y*: —
• 10Y*: —

RXL

• 1D: -1.22%
• 1M: 10.67%
• YTD: -3.72%
• 6M: -4.89%
• 1Y: 20.44%
• 3Y*: 2.88%
• 5Y*: 3.26%
• 10Y*: 12.56%

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

LQQ.PA vs. RXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	40.35%	14.16%	57.00%	75.85%
RXL ProShares Ultra Health Care	-3.72%	5.55%	3.70%	9.90%

Correlation

The correlation between LQQ.PA and RXL is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.07

The correlation between LQQ.PA and RXL shifts across timeframes, from -0.05 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LQQ.PA vs. RXL — Risk / Return Rank

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

LQQ.PA

LQQ.PA Risk / Return Rank: 76
LQQ.PA Sharpe Ratio Rank: 86
LQQ.PA Sortino Ratio Rank: 76
LQQ.PA Omega Ratio Rank: 75
LQQ.PA Calmar Ratio Rank: 78
LQQ.PA Martin Ratio Rank: 67

RXL

RXL Risk / Return Rank: 22
RXL Sharpe Ratio Rank: 22
RXL Sortino Ratio Rank: 24
RXL Omega Ratio Rank: 22
RXL Calmar Ratio Rank: 23
RXL Martin Ratio Rank: 21

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.

LQQ.PA vs. RXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) and ProShares Ultra Health Care (RXL). 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.

	LQQ.PA	RXL	Difference
Sharpe ratio: Return per unit of total volatility	2.50	0.69	+1.81
Sortino ratio: Return per unit of downside risk	3.08	1.22	+1.86
Omega ratio: Gain probability vs. loss probability	1.40	1.14	+0.26
Calmar ratio: Return relative to maximum drawdown	3.65	0.93	+2.72
Martin ratio: Return relative to average drawdown	11.21	2.24	+8.96

LQQ.PA vs. RXL - Sharpe Ratio Comparison

The current LQQ.PA Sharpe Ratio is 2.50, which is higher than the RXL Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of LQQ.PA and RXL, 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

LQQ.PA vs. RXL - Drawdown Comparison

The maximum LQQ.PA drawdown since its inception was -44.66%, smaller than the maximum RXL drawdown of -62.91%. Use the drawdown chart below to compare losses from any high point for LQQ.PA and RXL.

Drawdown Indicators

	LQQ.PA	RXL	Difference
Max Drawdown Largest peak-to-trough decline	-44.66%	-62.91%	+18.25%
Max Drawdown (1Y) Largest decline over 1 year	-21.88%	-22.06%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-44.66%	-39.43%	-5.23%
Max Drawdown (5Y) Largest decline over 5 years	—	-39.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.12%	—
Current Drawdown Current decline from peak	-1.10%	-17.68%	+16.58%
Average Drawdown Average peak-to-trough decline	-7.19%	-15.35%	+8.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	9.16%	-1.99%

Volatility

LQQ.PA vs. RXL - Volatility Comparison

Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a higher volatility of 12.35% compared to ProShares Ultra Health Care (RXL) at 10.21%. This indicates that LQQ.PA's price experiences larger fluctuations and is considered to be riskier than RXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQQ.PA	RXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.35%	10.21%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	24.49%	21.36%	+3.13%
Volatility (1Y) Calculated over the trailing 1-year period	32.04%	29.75%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.49%	29.04%	+6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.49%	33.23%	+2.26%

LQQ.PA vs. RXL - Expense Ratio Comparison

LQQ.PA has a 0.60% expense ratio, which is lower than RXL's 0.95% expense ratio.

Dividends

LQQ.PA vs. RXL - Dividend Comparison

LQQ.PA has not paid dividends to shareholders, while RXL's dividend yield for the trailing twelve months is around 1.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RXL ProShares Ultra Health Care	1.53%	1.43%	1.22%	0.18%	0.32%	0.10%	0.15%	0.27%	0.32%	0.11%	0.12%	0.93%

Frequently Asked Questions

Can I hold both LQQ.PA and RXL in my portfolio?

LQQ.PA and RXL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LQQ.PA or RXL?

On fees, LQQ.PA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LQQ.PA or RXL?

LQQ.PA is cheaper with a 0.60% expense ratio, compared with 0.95% for RXL.

What is the main difference between LQQ.PA and RXL?

LQQ.PA is categorized as Nasdaq-100, while RXL is Leveraged Equities. LQQ.PA tracks Nasdaq 100® Leverage (2x) index, while RXL tracks Dow Jones U.S. Health Care Index (200%). They also come from different issuers: Amundi and ProShares. Their fees differ too: 0.60% for LQQ.PA and 0.95% for RXL.