METY.L vs. QQQY.L
METY.L (IncomeShares META Options ETP) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both exchange-traded funds - METY.L is a Derivative Income fund actively managed by Leverage Shares, while QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares. Both are actively managed. Over the past year, METY.L returned -23.21% vs 31.81% for QQQY.L. At a 0.40 correlation, their price movements are largely independent. METY.L charges 0.55%/yr vs 0.45%/yr for QQQY.L.
Performance
METY.L vs. QQQY.L - Performance Comparison
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Returns By Period
In the year-to-date period, METY.L achieves a -18.12% return, which is significantly lower than QQQY.L's 15.10% return.
METY.L
- 1D
- 3.19%
- 1M
- 6.11%
- YTD
- -18.12%
- 6M
- -16.59%
- 1Y
- -23.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY.L
- 1D
- -0.82%
- 1M
- 7.64%
- YTD
- 15.10%
- 6M
- 14.75%
- 1Y
- 31.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METY.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METY.L IncomeShares META Options ETP | -18.12% | 6.34% | 4.47% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 15.10% | 14.25% | 4.37% |
Correlation
The correlation between METY.L and QQQY.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.40 |
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Return for Risk
METY.L vs. QQQY.L — Risk / Return Rank
METY.L
QQQY.L
METY.L vs. QQQY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares META Options ETP (METY.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.
| METY.L | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.41 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 4.32 | -4.89 |
| Martin ratioReturn relative to average drawdown | -1.10 | 13.40 | -14.50 |
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
| METY.L | QQQY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 2.18 | -2.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 1.02 | -1.20 |
Drawdowns
METY.L vs. QQQY.L - Drawdown Comparison
The maximum METY.L drawdown since its inception was -39.94%, which is greater than QQQY.L's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for METY.L and QQQY.L.
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Drawdown Indicators
| METY.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.94% | -19.23% | -20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | -7.34% | -32.60% |
Current DrawdownCurrent decline from peak | -32.46% | -0.93% | -31.53% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -3.18% | -11.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.02% | 2.37% | +18.65% |
Volatility
METY.L vs. QQQY.L - Volatility Comparison
IncomeShares META Options ETP (METY.L) has a higher volatility of 7.07% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) at 4.78%. This indicates that METY.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
| METY.L | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 4.78% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 22.68% | 10.22% | +12.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.19% | 14.52% | +14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.39% | 20.98% | +9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.39% | 20.98% | +9.41% |
METY.L vs. QQQY.L - Expense Ratio Comparison
METY.L has a 0.55% expense ratio, which is higher than QQQY.L's 0.45% expense ratio.
Dividends
METY.L vs. QQQY.L - Dividend Comparison
METY.L's dividend yield for the trailing twelve months is around 18.81%, less than QQQY.L's 67.73% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
METY.L IncomeShares META Options ETP | 18.81% | 19.94% | 3.15% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.73% | 120.60% | 18.65% |
Frequently Asked Questions
METY.L and QQQY.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.L is cheaper with a 0.45% expense ratio, compared with 0.55% for METY.L.
METY.L is categorized as Derivative Income, while QQQY.L is Nasdaq-100. Their fees differ too: 0.55% for METY.L and 0.45% for QQQY.L.
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