QQQ5.L vs. QYLD.L
QQQ5.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both Nasdaq-100 funds - QQQ5.L tracks the Invesco QQQ Trust while QYLD.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. Both are passively managed. Over the past 3 years, QQQ5.L returned 33.96%/yr vs 11.90%/yr for QYLD.L. A 0.57 correlation means they provide meaningful diversification when combined. QQQ5.L charges 0.75%/yr vs 0.45%/yr for QYLD.L.
Performance
QQQ5.L vs. QYLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ5.L achieves a 22.16% return, which is significantly higher than QYLD.L's 4.70% return.
QQQ5.L
- 1D
- -11.37%
- 1M
- -28.71%
- 6M
- 20.21%
- YTD
- 22.16%
- 1Y
- 54.79%
- 3Y*
- 33.96%
- 5Y*
- —
- 10Y*
- —
QYLD.L
- 1D
- -2.15%
- 1M
- -2.53%
- 6M
- 3.85%
- YTD
- 4.70%
- 1Y
- 16.20%
- 3Y*
- 11.90%
- 5Y*
- —
- 10Y*
- —
QQQ5.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 22.16% | 2.21% | 74.04% | 413.10% | -31.64% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.70% | 5.36% | 24.77% | 23.25% | -2.11% |
Correlation
The correlation between QQQ5.L and QYLD.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.57 |
The correlation between QQQ5.L and QYLD.L shifts across timeframes, from 0.57 (3 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ5.L vs. QYLD.L — Risk / Return Rank
QQQ5.L
QYLD.L
QQQ5.L vs. QYLD.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 Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.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.
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.
| QQQ5.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 3.44 | -2.49 |
| Martin ratioReturn relative to average drawdown | 2.44 | 15.06 | -12.62 |
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Drawdowns
QQQ5.L vs. QYLD.L - Drawdown Comparison
The maximum QQQ5.L drawdown since its inception was -96.50%, which is greater than QYLD.L's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for QQQ5.L and QYLD.L.
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Drawdown Indicators
| QQQ5.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.50% | -21.59% | -74.91% |
Max Drawdown (1Y)Largest decline over 1 year | -57.02% | -4.68% | -52.34% |
Max Drawdown (3Y)Largest decline over 3 years | -80.11% | -21.59% | -58.52% |
Current DrawdownCurrent decline from peak | -56.49% | -3.81% | -52.68% |
Average DrawdownAverage peak-to-trough decline | -74.59% | -2.76% | -71.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.36% | 1.07% | +21.29% |
Volatility
QQQ5.L vs. QYLD.L - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) has a higher volatility of 31.01% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.08%. This indicates that QQQ5.L's price experiences larger fluctuations and is considered to be riskier than QYLD.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 | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.01% | 5.08% | +25.93% |
Volatility (6M)Calculated over the trailing 6-month period | 69.80% | 8.46% | +61.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.91% | 9.99% | +77.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.54% | 16.29% | +89.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.54% | 16.29% | +89.25% |
QQQ5.L vs. QYLD.L - Expense Ratio Comparison
QQQ5.L has a 0.75% expense ratio, which is higher than QYLD.L's 0.45% expense ratio.
Dividends
QQQ5.L vs. QYLD.L - Dividend Comparison
QQQ5.L has not paid dividends to shareholders, while QYLD.L's dividend yield for the trailing twelve months is around 11.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.85% | 11.41% | 12.28% | 10.88% |
Frequently Asked Questions
QQQ5.L and QYLD.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLD.L is cheaper with a 0.45% expense ratio, compared with 0.75% for QQQ5.L.
QQQ5.L tracks Invesco QQQ Trust, while QYLD.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index. They also come from different issuers: Leverage Shares and Global X. Their fees differ too: 0.75% for QQQ5.L and 0.45% for QYLD.L.
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