LQQ.PA vs. SP5.PA

Last updated Jun 5, 2026

LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) and SP5.PA (Amundi S&P 500 UCITS ETF - Dist EUR) are both exchange-traded funds - LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index, while SP5.PA is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, LQQ.PA returned 35.63%/yr vs 15.18%/yr for SP5.PA. Their correlation of 0.86 suggests significant overlap in exposure. LQQ.PA charges 0.60%/yr vs 0.05%/yr for SP5.PA.

Performance

LQQ.PA vs. SP5.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) and Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LQQ.PA achieves a 39.94% return, which is significantly higher than SP5.PA's 11.61% return. Over the past 10 years, LQQ.PA has outperformed SP5.PA with an annualized return of 35.63%, while SP5.PA has yielded a comparatively lower 15.18% annualized return.

LQQ.PA

• 1D: -1.38%
• 1M: 17.97%
• YTD: 39.94%
• 6M: 36.85%
• 1Y: 79.18%
• 3Y*: 44.82%
• 5Y*: 26.89%
• 10Y*: 35.63%

SP5.PA

• 1D: -0.13%
• 1M: 5.23%
• YTD: 11.61%
• 6M: 11.49%
• 1Y: 25.83%
• 3Y*: 19.03%
• 5Y*: 14.95%
• 10Y*: 15.18%

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

LQQ.PA vs. SP5.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	39.94%	14.16%	57.02%	112.33%	-59.20%	71.22%	74.17%	83.28%	-3.57%	48.53%
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR	11.61%	4.06%	34.08%	22.28%	-13.91%	40.50%	7.97%	33.38%	-0.25%	7.00%

Correlation

The correlation between LQQ.PA and SP5.PA is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 11, 2010	0.86

The correlation between LQQ.PA and SP5.PA has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

LQQ.PA vs. SP5.PA — 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: 71
LQQ.PA Sharpe Ratio Rank: 79
LQQ.PA Sortino Ratio Rank: 70
LQQ.PA Omega Ratio Rank: 69
LQQ.PA Calmar Ratio Rank: 72
LQQ.PA Martin Ratio Rank: 63

SP5.PA

SP5.PA Risk / Return Rank: 70
SP5.PA Sharpe Ratio Rank: 69
SP5.PA Sortino Ratio Rank: 67
SP5.PA Omega Ratio Rank: 72
SP5.PA Calmar Ratio Rank: 73
SP5.PA Martin Ratio Rank: 70

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. SP5.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) and Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA). 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.

	LQQ.PA	SP5.PA	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.23	+0.31
Sortino ratio: Return per unit of downside risk	3.12	3.03	+0.09
Omega ratio: Gain probability vs. loss probability	1.40	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	3.56	3.60	-0.04
Martin ratio: Return relative to average drawdown	11.13	12.87	-1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQQ.PA vs. SP5.PA - Sharpe Ratio Comparison

The current LQQ.PA Sharpe Ratio is 2.54, which is comparable to the SP5.PA Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of LQQ.PA and SP5.PA, 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

	LQQ.PA	SP5.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.23	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.97	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.93	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.92	-0.22

Drawdowns

LQQ.PA vs. SP5.PA - Drawdown Comparison

The maximum LQQ.PA drawdown since its inception was -75.86%, which is greater than SP5.PA's maximum drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for LQQ.PA and SP5.PA.

Drawdown Indicators

	LQQ.PA	SP5.PA	Difference
Max Drawdown Largest peak-to-trough decline	-75.86%	-33.67%	-42.19%
Max Drawdown (1Y) Largest decline over 1 year	-21.88%	-7.08%	-14.80%
Max Drawdown (3Y) Largest decline over 3 years	-44.33%	-23.28%	-21.05%
Max Drawdown (5Y) Largest decline over 5 years	-61.21%	-23.28%	-37.93%
Max Drawdown (10Y) Largest decline over 10 years	-61.21%	-33.67%	-27.54%
Current Drawdown Current decline from peak	-1.38%	-0.44%	-0.94%
Average Drawdown Average peak-to-trough decline	-15.73%	-4.12%	-11.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.05%	1.99%	+5.06%

Volatility

LQQ.PA vs. SP5.PA - Volatility Comparison

Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a higher volatility of 9.10% compared to Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) at 2.64%. This indicates that LQQ.PA's price experiences larger fluctuations and is considered to be riskier than SP5.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQQ.PA	SP5.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.10%	2.64%	+6.46%
Volatility (6M) Calculated over the trailing 6-month period	22.37%	7.52%	+14.85%
Volatility (1Y) Calculated over the trailing 1-year period	30.71%	11.42%	+19.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.78%	15.18%	+24.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.87%	16.07%	+22.80%

LQQ.PA vs. SP5.PA - Expense Ratio Comparison

LQQ.PA has a 0.60% expense ratio, which is higher than SP5.PA's 0.05% expense ratio.

Dividends

LQQ.PA vs. SP5.PA - Dividend Comparison

LQQ.PA has not paid dividends to shareholders, while SP5.PA's dividend yield for the trailing twelve months is around 0.89%.

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%
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR	0.89%	1.00%	1.20%	1.05%	2.12%	1.09%	1.55%	1.64%	1.93%	1.76%	1.89%	2.03%

Frequently Asked Questions

Can I hold both LQQ.PA and SP5.PA in my portfolio?

LQQ.PA and SP5.PA have a correlation of 0.89, 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 SP5.PA?

On fees, SP5.PA is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LQQ.PA or SP5.PA?

SP5.PA is cheaper with a 0.05% expense ratio, compared with 0.60% for LQQ.PA.

What is the main difference between LQQ.PA and SP5.PA?

LQQ.PA is categorized as Nasdaq-100, while SP5.PA is S&P 500. LQQ.PA tracks Nasdaq 100® Leverage (2x) index, while SP5.PA tracks S&P 500 Index. Their fees differ too: 0.60% for LQQ.PA and 0.05% for SP5.PA.