UYG vs. LQQ.PA

Last updated Jun 16, 2026

UYG (ProShares Ultra Financials) and LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) are both exchange-traded funds - UYG is a Leveraged Equities fund tracking the Dow Jones U.S. Financials Index (200%), while LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index. Both are passively managed. Over the past 3 years, UYG returned 28.71%/yr vs 45.59%/yr for LQQ.PA. At a 0.25 correlation, their price movements are largely independent. UYG charges 0.95%/yr vs 0.60%/yr for LQQ.PA.

Performance

UYG vs. LQQ.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Financials (UYG) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UYG is traded in USD, while LQQ.PA is traded in EUR. To make them comparable, the LQQ.PA values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, UYG achieves a -7.22% return, which is significantly lower than LQQ.PA's 38.52% return.

UYG

• 1D: 0.69%
• 1M: 8.96%
• YTD: -7.22%
• 6M: -7.53%
• 1Y: 9.46%
• 3Y*: 28.71%
• 5Y*: 11.18%
• 10Y*: 17.78%

LQQ.PA

• 1D: 5.65%
• 1M: 7.74%
• YTD: 38.52%
• 6M: 40.94%
• 1Y: 81.81%
• 3Y*: 45.59%
• 5Y*: —
• 10Y*: —

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

UYG vs. LQQ.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UYG ProShares Ultra Financials	-7.22%	19.77%	55.71%	24.71%
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	38.52%	29.49%	47.29%	82.44%

Correlation

The correlation between UYG and LQQ.PA is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.25

Return for Risk

UYG vs. LQQ.PA — Risk / Return Rank

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

UYG

UYG Risk / Return Rank: 14
UYG Sharpe Ratio Rank: 14
UYG Sortino Ratio Rank: 14
UYG Omega Ratio Rank: 14
UYG Calmar Ratio Rank: 13
UYG Martin Ratio Rank: 13

LQQ.PA

LQQ.PA Risk / Return Rank: 76
LQQ.PA Sharpe Ratio Rank: 86
LQQ.PA Sortino Ratio Rank: 76
LQQ.PA Omega Ratio Rank: 75
LQQ.PA Calmar Ratio Rank: 78
LQQ.PA Martin Ratio Rank: 67

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.

UYG vs. LQQ.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). 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.

	UYG	LQQ.PA	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.48	-2.15
Sortino ratio: Return per unit of downside risk	0.63	3.10	-2.47
Omega ratio: Gain probability vs. loss probability	1.08	1.39	-0.31
Calmar ratio: Return relative to maximum drawdown	0.33	3.53	-3.20
Martin ratio: Return relative to average drawdown	0.78	11.73	-10.95

UYG vs. LQQ.PA - Sharpe Ratio Comparison

The current UYG Sharpe Ratio is 0.33, which is lower than the LQQ.PA Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of UYG and LQQ.PA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UYG vs. LQQ.PA - Drawdown Comparison

The maximum UYG drawdown since its inception was -97.90%, which is greater than LQQ.PA's maximum drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for UYG and LQQ.PA.

Drawdown Indicators

	UYG	LQQ.PA	Difference
Max Drawdown Largest peak-to-trough decline	-97.90%	-42.34%	-55.56%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-22.81%	-6.10%
Max Drawdown (3Y) Largest decline over 3 years	-30.35%	-42.34%	+11.99%
Max Drawdown (5Y) Largest decline over 5 years	-47.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.98%	—	—
Current Drawdown Current decline from peak	-12.37%	-1.42%	-10.95%
Average Drawdown Average peak-to-trough decline	-63.28%	-6.61%	-56.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.17%	6.90%	+5.27%

Volatility

UYG vs. LQQ.PA - Volatility Comparison

The current volatility for ProShares Ultra Financials (UYG) is 8.33%, while Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a volatility of 12.75%. This indicates that UYG experiences smaller price fluctuations and is considered to be less risky than LQQ.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UYG	LQQ.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.33%	12.75%	-4.42%
Volatility (6M) Calculated over the trailing 6-month period	22.24%	25.30%	-3.06%
Volatility (1Y) Calculated over the trailing 1-year period	29.13%	32.54%	-3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.23%	35.74%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.07%	35.74%	+5.33%

UYG vs. LQQ.PA - Expense Ratio Comparison

UYG has a 0.95% expense ratio, which is higher than LQQ.PA's 0.60% expense ratio.

Dividends

UYG vs. LQQ.PA - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 12.59%, while LQQ.PA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UYG ProShares Ultra Financials	12.59%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%

Frequently Asked Questions

Can I hold both UYG and LQQ.PA in my portfolio?

UYG and LQQ.PA have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UYG or LQQ.PA?

On fees, LQQ.PA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UYG or LQQ.PA?

LQQ.PA is cheaper with a 0.60% expense ratio, compared with 0.95% for UYG.

What is the main difference between UYG and LQQ.PA?

UYG is categorized as Leveraged Equities, while LQQ.PA is Nasdaq-100. UYG tracks Dow Jones U.S. Financials Index (200%), while LQQ.PA tracks Nasdaq 100® Leverage (2x) index. They also come from different issuers: ProShares and Amundi. Their fees differ too: 0.95% for UYG and 0.60% for LQQ.PA.