QYLU.L vs. QQQ5.L
QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) and QQQ5.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both Nasdaq-100 funds - QYLU.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index while QQQ5.L tracks the Invesco QQQ Trust. Both are passively managed. Over the past 3 years, QYLU.L returned 11.41%/yr vs 33.96%/yr for QQQ5.L. A 0.64 correlation means they provide meaningful diversification when combined. QYLU.L charges 0.45%/yr vs 0.75%/yr for QQQ5.L.
Performance
QYLU.L vs. QQQ5.L - Performance Comparison
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Returns By Period
In the year-to-date period, QYLU.L achieves a 4.87% return, which is significantly lower than QQQ5.L's 22.16% return.
QYLU.L
- 1D
- -2.37%
- 1M
- -2.67%
- 6M
- 3.99%
- YTD
- 4.87%
- 1Y
- 16.53%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
QQQ5.L
- 1D
- -11.37%
- 1M
- -28.71%
- 6M
- 20.21%
- YTD
- 22.16%
- 1Y
- 54.79%
- 3Y*
- 33.96%
- 5Y*
- —
- 10Y*
- —
QYLU.L vs. QQQ5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 4.87% | 5.59% | 22.94% | 22.59% | -2.11% |
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 22.16% | 2.21% | 74.04% | 413.10% | -31.64% |
Correlation
The correlation between QYLU.L and QQQ5.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 QYLU.L and QQQ5.L has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
QYLU.L vs. QQQ5.L — Risk / Return Rank
QYLU.L
QQQ5.L
QYLU.L vs. QQQ5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.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.
| QYLU.L | QQQ5.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 | 1.23 | 1.17 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 0.96 | +2.36 |
| Martin ratioReturn relative to average drawdown | 11.23 | 2.44 | +8.78 |
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Drawdowns
QYLU.L vs. QQQ5.L - Drawdown Comparison
The maximum QYLU.L drawdown since its inception was -19.93%, smaller than the maximum QQQ5.L drawdown of -96.50%. Use the drawdown chart below to compare losses from any high point for QYLU.L and QQQ5.L.
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Drawdown Indicators
| QYLU.L | QQQ5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -96.50% | +76.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -57.02% | +52.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -80.11% | +60.18% |
Current DrawdownCurrent decline from peak | -3.70% | -56.49% | +52.79% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -74.59% | +72.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 22.36% | -20.89% |
Volatility
QYLU.L vs. QQQ5.L - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) is 5.42%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) has a volatility of 31.01%. This indicates that QYLU.L experiences smaller price fluctuations and is considered to be less risky than QQQ5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLU.L | QQQ5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 31.01% | -25.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 69.80% | -60.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.32% | 87.91% | -74.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 105.54% | -89.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 105.54% | -89.89% |
QYLU.L vs. QQQ5.L - Expense Ratio Comparison
QYLU.L has a 0.45% expense ratio, which is lower than QQQ5.L's 0.75% expense ratio.
Dividends
QYLU.L vs. QQQ5.L - Dividend Comparison
Neither QYLU.L nor QQQ5.L has paid dividends to shareholders.
Frequently Asked Questions
QYLU.L and QQQ5.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.
QYLU.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index, while QQQ5.L tracks Invesco QQQ Trust. They also come from different issuers: Global X and Leverage Shares. Their fees differ too: 0.45% for QYLU.L and 0.75% for QQQ5.L.
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