QQQ5.L vs. 2MU.L
Compare and contrast key facts about Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.L).
QQQ5.L and 2MU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ5.L is a passively managed fund by Leverage Shares that tracks the performance of the Invesco QQQ Trust. It was launched on Dec 10, 2021. 2MU.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 2X MU Index. It was launched on Jun 4, 2020. Both QQQ5.L and 2MU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QQQ5.L vs. 2MU.L - Performance Comparison
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QQQ5.L vs. 2MU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | -34.16% | 2.29% | 74.04% | 430.61% | -96.07% | 17.02% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 37.97% | 599.32% | -31.75% | 155.76% | -78.89% | 27.15% |
Different Trading Currencies
QQQ5.L is traded in USD, while 2MU.L is traded in GBp. To make them comparable, the 2MU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQ5.L achieves a -34.16% return, which is significantly lower than 2MU.L's 37.97% return.
QQQ5.L
- 1D
- 16.54%
- 1M
- -19.91%
- YTD
- -34.16%
- 6M
- -34.99%
- 1Y
- 32.72%
- 3Y*
- 43.29%
- 5Y*
- —
- 10Y*
- —
2MU.L
- 1D
- 29.05%
- 1M
- -23.06%
- YTD
- 37.97%
- 6M
- 229.83%
- 1Y
- 923.41%
- 3Y*
- 126.74%
- 5Y*
- 27.13%
- 10Y*
- —
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QQQ5.L vs. 2MU.L - Expense Ratio Comparison
Both QQQ5.L and 2MU.L have an expense ratio of 0.75%.
Return for Risk
QQQ5.L vs. 2MU.L — Risk / Return Rank
QQQ5.L
2MU.L
QQQ5.L vs. 2MU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.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.
| QQQ5.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.34 | 7.51 | -7.18 |
Sortino ratioReturn per unit of downside risk | 1.14 | 4.06 | -2.92 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.52 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 17.38 | -16.88 |
Martin ratioReturn relative to average drawdown | 1.42 | 61.35 | -59.93 |
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
| QQQ5.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 7.51 | -7.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.47 | -0.71 |
Correlation
The correlation between QQQ5.L and 2MU.L is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQQ5.L vs. 2MU.L - Dividend Comparison
Neither QQQ5.L nor 2MU.L has paid dividends to shareholders.
Drawdowns
QQQ5.L vs. 2MU.L - Drawdown Comparison
The maximum QQQ5.L drawdown since its inception was -96.40%, which is greater than 2MU.L's maximum drawdown of -89.07%. Use the drawdown chart below to compare losses from any high point for QQQ5.L and 2MU.L.
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Drawdown Indicators
| QQQ5.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.40% | -89.16% | -7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -56.84% | -53.20% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.16% | — |
Current DrawdownCurrent decline from peak | -76.53% | -40.00% | -36.53% |
Average DrawdownAverage peak-to-trough decline | -76.44% | -45.84% | -30.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.16% | 14.83% | +5.33% |
Volatility
QQQ5.L vs. 2MU.L - Volatility Comparison
The current volatility for Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) is 29.49%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 47.16%. This indicates that QQQ5.L experiences smaller price fluctuations and is considered to be less risky than 2MU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ5.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.49% | 47.16% | -17.67% |
Volatility (6M)Calculated over the trailing 6-month period | 59.92% | 92.04% | -32.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.75% | 121.90% | -24.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.35% | 101.24% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.35% | 98.62% | +7.73% |