QQQ5.L vs. JEPQ.L

Last updated Jun 5, 2026

QQQ5.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both Nasdaq-100 funds. QQQ5.L is passively managed, while JEPQ.L is actively managed. Over the past year, QQQ5.L returned 210.48% vs 28.89% for JEPQ.L. Their correlation of 0.87 suggests significant overlap in exposure. QQQ5.L charges 0.75%/yr vs 0.35%/yr for JEPQ.L.

Performance

QQQ5.L vs. JEPQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQ5.L achieves a 91.93% return, which is significantly higher than JEPQ.L's 8.75% return.

QQQ5.L

• 1D: -3.75%
• 1M: 44.54%
• YTD: 91.93%
• 6M: 81.30%
• 1Y: 210.48%
• 3Y*: 74.62%
• 5Y*: —
• 10Y*: —

JEPQ.L

• 1D: -0.84%
• 1M: 3.66%
• YTD: 8.75%
• 6M: 10.24%
• 1Y: 28.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQ5.L vs. JEPQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	91.93%	2.29%	7.80%
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	8.75%	14.77%	2.89%

Correlation

The correlation between QQQ5.L and JEPQ.L is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024	0.87

The correlation between QQQ5.L and JEPQ.L has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

QQQ5.L vs. JEPQ.L - Sectors Allocation Comparison

Sectors	QQQ5.L	JEPQ.L
Technology	54.2%	54.0%
Communication Services	15.5%	15.4%
Consumer Cyclical	12.2%	12.7%
Consumer Defensive	7.6%	7.1%
Healthcare	4.2%	4.4%
Industrials	2.8%	3.1%
Utilities	1.4%	1.3%
Basic Materials	1.2%	1.0%
Energy	0.6%	0.4%
Financial Services	0.2%	0.4%
Real Estate	0.1%	0.2%

Return for Risk

QQQ5.L vs. JEPQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQ5.L

QQQ5.L Risk / Return Rank: 67
QQQ5.L Sharpe Ratio Rank: 82
QQQ5.L Sortino Ratio Rank: 62
QQQ5.L Omega Ratio Rank: 58
QQQ5.L Calmar Ratio Rank: 74
QQQ5.L Martin Ratio Rank: 58

JEPQ.L

JEPQ.L Risk / Return Rank: 77
JEPQ.L Sharpe Ratio Rank: 75
JEPQ.L Sortino Ratio Rank: 78
JEPQ.L Omega Ratio Rank: 80
JEPQ.L Calmar Ratio Rank: 71
JEPQ.L Martin Ratio Rank: 80

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.

QQQ5.L vs. JEPQ.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 JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.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	JEPQ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.62	2.41	+0.22
Sortino ratio: Return per unit of downside risk	2.86	3.46	-0.61
Omega ratio: Gain probability vs. loss probability	1.35	1.47	-0.12
Calmar ratio: Return relative to maximum drawdown	3.68	3.48	+0.20
Martin ratio: Return relative to average drawdown	10.11	15.39	-5.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ5.L vs. JEPQ.L - Sharpe Ratio Comparison

The current QQQ5.L Sharpe Ratio is 2.62, which is comparable to the JEPQ.L Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of QQQ5.L and JEPQ.L, 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

	QQQ5.L	JEPQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.41	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	1.08	-1.12

Drawdowns

QQQ5.L vs. JEPQ.L - Drawdown Comparison

The maximum QQQ5.L drawdown since its inception was -96.40%, which is greater than JEPQ.L's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for QQQ5.L and JEPQ.L.

Drawdown Indicators

	QQQ5.L	JEPQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-96.40%	-20.10%	-76.30%
Max Drawdown (1Y) Largest decline over 1 year	-56.84%	-8.28%	-48.56%
Max Drawdown (3Y) Largest decline over 3 years	-80.09%	—	—
Current Drawdown Current decline from peak	-31.58%	-0.84%	-30.74%
Average Drawdown Average peak-to-trough decline	-75.53%	-2.77%	-72.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.72%	1.87%	+18.85%

Volatility

QQQ5.L vs. JEPQ.L - Volatility Comparison

Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) has a higher volatility of 24.82% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) at 1.99%. This indicates that QQQ5.L's price experiences larger fluctuations and is considered to be riskier than JEPQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ5.L	JEPQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.82%	1.99%	+22.83%
Volatility (6M) Calculated over the trailing 6-month period	58.83%	8.97%	+49.86%
Volatility (1Y) Calculated over the trailing 1-year period	79.70%	11.95%	+67.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.00%	15.99%	+90.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.00%	15.99%	+90.01%

QQQ5.L vs. JEPQ.L - Expense Ratio Comparison

QQQ5.L has a 0.75% expense ratio, which is higher than JEPQ.L's 0.35% expense ratio.

Dividends

QQQ5.L vs. JEPQ.L - Dividend Comparison

QQQ5.L has not paid dividends to shareholders, while JEPQ.L's dividend yield for the trailing twelve months is around 10.20%.

Position	TTM	2025	2024
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	10.20%	10.06%	0.74%
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQ5.L and JEPQ.L in my portfolio?

QQQ5.L and JEPQ.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQ5.L or JEPQ.L?

On fees, JEPQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQ5.L or JEPQ.L?

JEPQ.L is cheaper with a 0.35% expense ratio, compared with 0.75% for QQQ5.L.

What is the main difference between QQQ5.L and JEPQ.L?

They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.75% for QQQ5.L and 0.35% for JEPQ.L.