# IncomeShares Nasdaq 100 Options ETP (QQQO) **Page:** https://fundology.uk/fund/qqqo · ISIN XS2875105608 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, QQQO (IncomeShares Nasdaq 100 Options ETP, ISIN XS2875105608) closed at £1.98 on the London Stock Exchange. Its ongoing charge is 0.77% a year (about £77 on £10,000). Over the year to 13/11/2026 its price changed by −39.9% (income paid out is not included), or −42.0% after UK CPIH inflation. ## Summary IncomeShares Nasdaq 100 Options ETP is an exchange-traded product from Leverage Shares, launched in 2024. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.77% a year — about £77 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£1.98** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | QQQO | | ISIN | XS2875105608 | | Also listed as | QQQY (London Stock Exchange, US dollars) | | Category | US shares | | Type | ETN / ETP | | Provider | Leverage Shares | | Income | Distributing | | Ongoing charge | 0.77% a year (£77 per £10,000) | | Fund size | £9.9m | | Launched | 2024 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/05/2024 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -39.91% | -42.04% | price only | Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of IncomeShares Nasdaq 100 Options ETP in pounds (price only, income paid out not included): 2025 −55.6%; 2026 to 13/11/2026 −34.9%. Returns of IncomeShares Nasdaq 100 Options ETP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −32.8%; to 30/09/2025: −54.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2025 | -55.6% | -57.1% | Price | | 2026 to 13/11/2026 | -34.9% | -37.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 19.86% | -44.01% | ## Largest fall Volatility of IncomeShares Nasdaq 100 Options ETP in pounds, annualised from weekly returns to 13/11/2026: 19.9% over 1 year. Largest fall in the price of IncomeShares Nasdaq 100 Options ETP since August 2024, in pounds: −74.9% from 27/09/2024 to 06/11/2026. The lowest 12-month return of IncomeShares Nasdaq 100 Options ETP in pounds (price only, income paid out not included) since August 2024 was −56.7% (12 months to 06/02/2026); the highest was −26.8% (12 months to 05/06/2026). On 13/11/2026 the price of IncomeShares Nasdaq 100 Options ETP was 74.2% below its highest weekly close since August 2024 (27/09/2024), in pounds. ## Charges compared with similar funds Ongoing charge of IncomeShares Nasdaq 100 Options ETP 0.77% a year. Compared on 14/11/2026, 2 of the 254 other US share funds charge more, 1 the same and 251 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.77%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of QQQO?** The ongoing charge of QQQO is 0.77% a year — about £77 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of IncomeShares Nasdaq 100 Options ETP 0.77% a year. Compared on 14/11/2026, 2 of the 254 other US share funds charge more, 1 the same and 251 less (share classes counted once). **Is QQQO accumulating or distributing?** QQQO is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **What is the ISIN of QQQO?** The ISIN of QQQO is XS2875105608. An ISIN identifies one exact share class of a fund; QQQO is its ticker on the London Stock Exchange. The same share class is also listed as QQQY (London Stock Exchange, US dollars). **What were QQQO’s returns in each of the last five years?** Calendar-year returns of QQQO in pounds (price only, income paid out not included): 2025 −55.6%; 2026 to 13/11/2026 −34.9%. Past performance is not a guide to future returns. **How has QQQO done after inflation?** Over the year to 13/11/2026 QQQO’s price changed by −39.9% (income paid out is not included), or −42.0% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.