QQQO.L vs. AMDI.L
QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) and AMDI.L (IncomeShares AMD Options ETP) are both exchange-traded funds - QQQO.L is a Nasdaq-100 fund actively managed by Leverage Shares, while AMDI.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, QQQO.L returned 25.68% vs 141.38% for AMDI.L. A 0.54 correlation means they provide meaningful diversification when combined. QQQO.L charges 0.45%/yr vs 0.55%/yr for AMDI.L.
Performance
QQQO.L vs. AMDI.L - Performance Comparison
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Different Trading Currencies
QQQO.L is traded in GBp, while AMDI.L is traded in USD. To make them comparable, the AMDI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQO.L achieves a 11.19% return, which is significantly lower than AMDI.L's 117.40% return.
QQQO.L
- 1D
- 0.00%
- 1M
- -2.68%
- 6M
- 10.75%
- YTD
- 11.19%
- 1Y
- 25.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMDI.L
- 1D
- 0.00%
- 1M
- 4.30%
- 6M
- 110.59%
- YTD
- 117.40%
- 1Y
- 141.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQO.L vs. AMDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 11.19% | 16.28% |
AMDI.L IncomeShares AMD Options ETP | 117.40% | 12,826.47% |
Correlation
The correlation between QQQO.L and AMDI.L is 0.54, 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 | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.54 |
The correlation between QQQO.L and AMDI.L has been stable across timeframes, ranging from 0.54 to 0.54 - a consistent structural relationship.
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Return for Risk
QQQO.L vs. AMDI.L — Risk / Return Rank
QQQO.L
AMDI.L
QQQO.L vs. AMDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) and IncomeShares AMD Options ETP (AMDI.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.
| QQQO.L | AMDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.96 | -2.02 |
| Martin ratioReturn relative to average drawdown | 1.37 | 5.03 | -3.67 |
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Drawdowns
QQQO.L vs. AMDI.L - Drawdown Comparison
The maximum QQQO.L drawdown since its inception was -27.28%, smaller than the maximum AMDI.L drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for QQQO.L and AMDI.L.
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Drawdown Indicators
| QQQO.L | AMDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -47.78% | +20.50% |
Max Drawdown (1Y)Largest decline over 1 year | -27.28% | -47.78% | +20.50% |
Current DrawdownCurrent decline from peak | -16.04% | -2.17% | -13.87% |
Average DrawdownAverage peak-to-trough decline | -11.47% | -21.41% | +9.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.79% | 28.08% | -9.29% |
Volatility
QQQO.L vs. AMDI.L - Volatility Comparison
The current volatility for IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) is 6.52%, while IncomeShares AMD Options ETP (AMDI.L) has a volatility of 23.09%. This indicates that QQQO.L experiences smaller price fluctuations and is considered to be less risky than AMDI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQO.L | AMDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 23.09% | -16.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 45.20% | -33.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.82% | 74.83% | -31.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,474.01% | 9,802.30% | -4,328.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,474.01% | 9,802.30% | -4,328.29% |
QQQO.L vs. AMDI.L - Expense Ratio Comparison
QQQO.L has a 0.45% expense ratio, which is lower than AMDI.L's 0.55% expense ratio.
Dividends
QQQO.L vs. AMDI.L - Dividend Comparison
QQQO.L's dividend yield for the trailing twelve months is around 77.51%, more than AMDI.L's 44.56% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMDI.L IncomeShares AMD Options ETP | 44.56% | 8.85% | 0.00% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 77.51% | 128.94% | 17.93% |
Frequently Asked Questions
QQQO.L and AMDI.L have a correlation of 0.54, 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 AMDI.L.
QQQO.L is categorized as Nasdaq-100, while AMDI.L is Derivative Income. Their fees differ too: 0.45% for QQQO.L and 0.55% for AMDI.L.
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