LQQ.PA vs. UYG

Last updated Jun 16, 2026

LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) and UYG (ProShares Ultra Financials) are both exchange-traded funds - LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index, while UYG is a Leveraged Equities fund tracking the Dow Jones U.S. Financials Index (200%). Both are passively managed. Over the past 3 years, LQQ.PA returned 42.81%/yr vs 26.23%/yr for UYG. At a 0.22 correlation, their price movements are largely independent. LQQ.PA charges 0.60%/yr vs 0.95%/yr for UYG.

Performance

LQQ.PA vs. UYG - 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 Financials (UYG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LQQ.PA is traded in EUR, while UYG is traded in USD. To make them comparable, the UYG 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 UYG's -5.99% return.

LQQ.PA

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

UYG

• 1D: 0.47%
• 1M: 9.27%
• YTD: -5.99%
• 6M: -6.26%
• 1Y: 9.06%
• 3Y*: 26.23%
• 5Y*: 11.94%
• 10Y*: 17.45%

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

LQQ.PA vs. UYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	40.35%	14.16%	57.00%	75.85%
UYG ProShares Ultra Financials	-5.99%	5.56%	65.99%	19.59%

Correlation

The correlation between LQQ.PA and UYG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.22

Return for Risk

LQQ.PA vs. UYG — 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

UYG

UYG Risk / Return Rank: 14
UYG Sharpe Ratio Rank: 14
UYG Sortino Ratio Rank: 14
UYG Omega Ratio Rank: 14
UYG Calmar Ratio Rank: 13
UYG Martin Ratio Rank: 13

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. UYG - 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 Financials (UYG). 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	UYG	Difference
Sharpe ratio: Return per unit of total volatility	2.50	0.31	+2.18
Sortino ratio: Return per unit of downside risk	3.08	0.60	+2.48
Omega ratio: Gain probability vs. loss probability	1.40	1.08	+0.32
Calmar ratio: Return relative to maximum drawdown	3.65	0.33	+3.32
Martin ratio: Return relative to average drawdown	11.21	0.75	+10.45

LQQ.PA vs. UYG - Sharpe Ratio Comparison

The current LQQ.PA Sharpe Ratio is 2.50, which is higher than the UYG Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of LQQ.PA and UYG, 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. UYG - Drawdown Comparison

The maximum LQQ.PA drawdown since its inception was -44.66%, smaller than the maximum UYG drawdown of -97.27%. Use the drawdown chart below to compare losses from any high point for LQQ.PA and UYG.

Drawdown Indicators

	LQQ.PA	UYG	Difference
Max Drawdown Largest peak-to-trough decline	-44.66%	-97.27%	+52.61%
Max Drawdown (1Y) Largest decline over 1 year	-21.88%	-27.80%	+5.92%
Max Drawdown (3Y) Largest decline over 3 years	-44.66%	-33.88%	-10.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.76%	—
Current Drawdown Current decline from peak	-1.10%	-13.71%	+12.61%
Average Drawdown Average peak-to-trough decline	-7.19%	-55.02%	+47.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	12.03%	-4.86%

Volatility

LQQ.PA vs. UYG - Volatility Comparison

Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a higher volatility of 12.35% compared to ProShares Ultra Financials (UYG) at 7.97%. This indicates that LQQ.PA's price experiences larger fluctuations and is considered to be riskier than UYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQQ.PA	UYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.35%	7.97%	+4.38%
Volatility (6M) Calculated over the trailing 6-month period	24.49%	22.19%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	32.04%	29.06%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.49%	35.40%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.49%	40.92%	-5.43%

LQQ.PA vs. UYG - Expense Ratio Comparison

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

Dividends

LQQ.PA vs. UYG - Dividend Comparison

LQQ.PA has not paid dividends to shareholders, while UYG's dividend yield for the trailing twelve months is around 12.59%.

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%
UYG ProShares Ultra Financials	12.59%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%

Frequently Asked Questions

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

LQQ.PA and UYG have a correlation of 0.17, 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 UYG?

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 UYG?

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

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

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