MSFI.L vs. QQQO.L
MSFI.L (IncomeShares Microsoft (MSFT) Options ETP GBP) and QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) are both exchange-traded funds - MSFI.L is a Derivative Income fund actively managed by Leverage Shares, while QQQO.L is a Nasdaq-100 fund actively managed by Leverage Shares. Both are actively managed. Over the past year, MSFI.L returned -17.69% vs 33.32% for QQQO.L. At a 0.33 correlation, their price movements are largely independent. MSFI.L charges 0.55%/yr vs 0.45%/yr for QQQO.L.
Performance
MSFI.L vs. QQQO.L - Performance Comparison
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Returns By Period
In the year-to-date period, MSFI.L achieves a -23.11% return, which is significantly lower than QQQO.L's 15.53% return.
MSFI.L
- 1D
- 0.36%
- 1M
- -0.54%
- YTD
- -23.11%
- 6M
- -21.41%
- 1Y
- -17.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQO.L
- 1D
- -0.66%
- 1M
- 6.84%
- YTD
- 15.53%
- 6M
- 14.50%
- 1Y
- 33.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFI.L vs. QQQO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP | -23.11% | 3.55% | 6.56% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 15.53% | 6.57% | 11.57% |
Correlation
The correlation between MSFI.L and QQQO.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.33 |
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Return for Risk
MSFI.L vs. QQQO.L — Risk / Return Rank
MSFI.L
QQQO.L
MSFI.L vs. QQQO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Microsoft (MSFT) Options ETP GBP (MSFI.L) and IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.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.
| MSFI.L | QQQO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.46 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 4.71 | -5.23 |
| Martin ratioReturn relative to average drawdown | -0.98 | 11.27 | -12.25 |
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
| MSFI.L | QQQO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 2.37 | -3.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | 1.18 | -1.58 |
Drawdowns
MSFI.L vs. QQQO.L - Drawdown Comparison
The maximum MSFI.L drawdown since its inception was -34.29%, which is greater than QQQO.L's maximum drawdown of -21.70%. Use the drawdown chart below to compare losses from any high point for MSFI.L and QQQO.L.
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Drawdown Indicators
| MSFI.L | QQQO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -21.70% | -12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -34.29% | -7.04% | -27.25% |
Current DrawdownCurrent decline from peak | -30.42% | -0.66% | -29.76% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -4.40% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.96% | 2.95% | +15.01% |
Volatility
MSFI.L vs. QQQO.L - Volatility Comparison
IncomeShares Microsoft (MSFT) Options ETP GBP (MSFI.L) has a higher volatility of 8.90% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) at 3.90%. This indicates that MSFI.L's price experiences larger fluctuations and is considered to be riskier than QQQO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFI.L | QQQO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 3.90% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 8.93% | +10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 14.00% | +9.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.21% | 17.34% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.21% | 17.34% | +5.87% |
MSFI.L vs. QQQO.L - Expense Ratio Comparison
MSFI.L has a 0.55% expense ratio, which is higher than QQQO.L's 0.45% expense ratio.
Dividends
MSFI.L vs. QQQO.L - Dividend Comparison
MSFI.L's dividend yield for the trailing twelve months is around 9.47%, less than QQQO.L's 67.52% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP | 9.47% | 6.96% | 1.18% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 67.52% | 124.53% | 17.93% |
Frequently Asked Questions
MSFI.L and QQQO.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQO.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQO.L is cheaper with a 0.45% expense ratio, compared with 0.55% for MSFI.L.
MSFI.L is categorized as Derivative Income, while QQQO.L is Nasdaq-100. Their fees differ too: 0.55% for MSFI.L and 0.45% for QQQO.L.
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