QQQO.L vs. ANXG.L

Last updated Jun 5, 2026

QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) and ANXG.L (Amundi Nasdaq-100 UCITS USD) are both Nasdaq-100 funds. QQQO.L is actively managed, while ANXG.L is passively managed. Over the past year, QQQO.L returned 33.32% vs 41.85% for ANXG.L. A 0.64 correlation means they provide meaningful diversification when combined. QQQO.L charges 0.45%/yr vs 0.13%/yr for ANXG.L.

Performance

QQQO.L vs. ANXG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) and Amundi Nasdaq-100 UCITS USD (ANXG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQO.L achieves a 15.53% return, which is significantly lower than ANXG.L's 19.88% return.

QQQO.L

• 1D: -0.66%
• 1M: 6.84%
• YTD: 15.53%
• 6M: 14.50%
• 1Y: 33.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ANXG.L

• 1D: -0.64%
• 1M: 9.65%
• YTD: 19.88%
• 6M: 18.47%
• 1Y: 41.85%
• 3Y*: 24.84%
• 5Y*: 19.03%
• 10Y*: 22.61%

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

QQQO.L vs. ANXG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP	15.53%	6.57%	12.88%
ANXG.L Amundi Nasdaq-100 UCITS USD	19.88%	11.70%	16.27%

Correlation

The correlation between QQQO.L and ANXG.L is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024	0.64

The correlation between QQQO.L and ANXG.L has been stable across timeframes, ranging from 0.64 to 0.64 - a consistent structural relationship.

Return for Risk

QQQO.L vs. ANXG.L — Risk / Return Rank

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

QQQO.L

QQQO.L Risk / Return Rank: 73
QQQO.L Sharpe Ratio Rank: 74
QQQO.L Sortino Ratio Rank: 66
QQQO.L Omega Ratio Rank: 79
QQQO.L Calmar Ratio Rank: 86
QQQO.L Martin Ratio Rank: 63

ANXG.L

ANXG.L Risk / Return Rank: 78
ANXG.L Sharpe Ratio Rank: 87
ANXG.L Sortino Ratio Rank: 83
ANXG.L Omega Ratio Rank: 82
ANXG.L Calmar Ratio Rank: 75
ANXG.L Martin Ratio Rank: 62

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.

QQQO.L vs. ANXG.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 Amundi Nasdaq-100 UCITS USD (ANXG.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.

	QQQO.L	ANXG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.85	-0.48
Sortino ratio: Return per unit of downside risk	3.00	3.67	-0.67
Omega ratio: Gain probability vs. loss probability	1.46	1.48	-0.03
Calmar ratio: Return relative to maximum drawdown	4.71	3.75	+0.96
Martin ratio: Return relative to average drawdown	11.27	10.95	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQO.L vs. ANXG.L - Sharpe Ratio Comparison

The current QQQO.L Sharpe Ratio is 2.37, which is comparable to the ANXG.L Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of QQQO.L and ANXG.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

	QQQO.L	ANXG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.85	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.18	0.00

Drawdowns

QQQO.L vs. ANXG.L - Drawdown Comparison

The maximum QQQO.L drawdown since its inception was -21.70%, smaller than the maximum ANXG.L drawdown of -27.69%. Use the drawdown chart below to compare losses from any high point for QQQO.L and ANXG.L.

Drawdown Indicators

	QQQO.L	ANXG.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.70%	-27.69%	+5.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-11.12%	+4.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.69%	—
Current Drawdown Current decline from peak	-0.66%	-0.64%	-0.02%
Average Drawdown Average peak-to-trough decline	-4.40%	-5.35%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.81%	-0.86%

Volatility

QQQO.L vs. ANXG.L - Volatility Comparison

The current volatility for IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) is 3.90%, while Amundi Nasdaq-100 UCITS USD (ANXG.L) has a volatility of 4.14%. This indicates that QQQO.L experiences smaller price fluctuations and is considered to be less risky than ANXG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQO.L	ANXG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	4.14%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	10.39%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	14.62%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	19.12%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	19.31%	-1.97%

QQQO.L vs. ANXG.L - Expense Ratio Comparison

QQQO.L has a 0.45% expense ratio, which is higher than ANXG.L's 0.13% expense ratio.

Dividends

QQQO.L vs. ANXG.L - Dividend Comparison

QQQO.L's dividend yield for the trailing twelve months is around 67.52%, while ANXG.L has not paid dividends to shareholders.

Position	TTM	2025	2024
ANXG.L Amundi Nasdaq-100 UCITS USD	0.00%	0.00%	0.00%
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP	67.52%	124.53%	17.93%

Frequently Asked Questions

Can I hold both QQQO.L and ANXG.L in my portfolio?

QQQO.L and ANXG.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQO.L or ANXG.L?

On fees, ANXG.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQO.L or ANXG.L?

ANXG.L is cheaper with a 0.13% expense ratio, compared with 0.45% for QQQO.L.

What is the main difference between QQQO.L and ANXG.L?

They also come from different issuers: Leverage Shares and Amundi. Their fees differ too: 0.45% for QQQO.L and 0.13% for ANXG.L.