QQQ5.L vs. QYLU.L
QQQ5.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) and QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) are both Nasdaq-100 funds - QQQ5.L tracks the Invesco QQQ Trust while QYLU.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 11.41%/yr for QYLU.L. A 0.64 correlation means they provide meaningful diversification when combined. QQQ5.L charges 0.75%/yr vs 0.45%/yr for QYLU.L.
Performance
QQQ5.L vs. QYLU.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 QYLU.L's 4.87% return.
QQQ5.L
- 1D
- -11.37%
- 1M
- -28.71%
- 6M
- 20.21%
- YTD
- 22.16%
- 1Y
- 54.79%
- 3Y*
- 33.96%
- 5Y*
- —
- 10Y*
- —
QYLU.L
- 1D
- -2.37%
- 1M
- -2.67%
- 6M
- 3.99%
- YTD
- 4.87%
- 1Y
- 16.53%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
QQQ5.L vs. QYLU.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% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 4.87% | 5.59% | 22.94% | 22.59% | -2.11% |
Correlation
The correlation between QQQ5.L and QYLU.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.64 |
The correlation between QQQ5.L and QYLU.L has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
QQQ5.L vs. QYLU.L — Risk / Return Rank
QQQ5.L
QYLU.L
QQQ5.L vs. QYLU.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 (Acc) (QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 3.31 | -2.36 |
| Martin ratioReturn relative to average drawdown | 2.44 | 11.23 | -8.78 |
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Drawdowns
QQQ5.L vs. QYLU.L - Drawdown Comparison
The maximum QQQ5.L drawdown since its inception was -96.50%, which is greater than QYLU.L's maximum drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for QQQ5.L and QYLU.L.
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Drawdown Indicators
| QQQ5.L | QYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.50% | -19.93% | -76.57% |
Max Drawdown (1Y)Largest decline over 1 year | -57.02% | -4.97% | -52.05% |
Max Drawdown (3Y)Largest decline over 3 years | -80.11% | -19.93% | -60.18% |
Current DrawdownCurrent decline from peak | -56.49% | -3.70% | -52.79% |
Average DrawdownAverage peak-to-trough decline | -74.59% | -2.43% | -72.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.36% | 1.47% | +20.89% |
Volatility
QQQ5.L vs. QYLU.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 (Acc) (QYLU.L) at 5.42%. This indicates that QQQ5.L's price experiences larger fluctuations and is considered to be riskier than QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.01% | 5.42% | +25.59% |
Volatility (6M)Calculated over the trailing 6-month period | 69.80% | 9.59% | +60.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.91% | 13.32% | +74.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.54% | 15.65% | +89.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.54% | 15.65% | +89.89% |
QQQ5.L vs. QYLU.L - Expense Ratio Comparison
QQQ5.L has a 0.75% expense ratio, which is higher than QYLU.L's 0.45% expense ratio.
Dividends
QQQ5.L vs. QYLU.L - Dividend Comparison
Neither QQQ5.L nor QYLU.L has paid dividends to shareholders.
Frequently Asked Questions
QQQ5.L and QYLU.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLU.L is cheaper with a 0.45% expense ratio, compared with 0.75% for QQQ5.L.
QQQ5.L tracks Invesco QQQ Trust, while QYLU.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 QYLU.L.
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