^GDAXI vs. QQQ3.L
^GDAXI (DAX Performance Index) is an index, while QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) is Nasdaq-100 fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, ^GDAXI returned 9.67%/yr vs 44.10%/yr for QQQ3.L. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
^GDAXI vs. QQQ3.L - Performance Comparison
Loading charts...
Different Trading Currencies
^GDAXI is traded in EUR, while QQQ3.L is traded in USD. To make them comparable, the QQQ3.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^GDAXI achieves a 1.10% return, which is significantly lower than QQQ3.L's 44.64% return. Over the past 10 years, ^GDAXI has underperformed QQQ3.L with an annualized return of 9.67%, while QQQ3.L has yielded a comparatively higher 44.10% annualized return.
^GDAXI
- 1D
- 0.00%
- 1M
- 1.73%
- YTD
- 1.10%
- 6M
- 2.97%
- 1Y
- 1.87%
- 3Y*
- 15.79%
- 5Y*
- 9.71%
- 10Y*
- 9.67%
QQQ3.L
- 1D
- -2.12%
- 1M
- 4.76%
- YTD
- 44.64%
- 6M
- 38.53%
- 1Y
- 100.44%
- 3Y*
- 56.62%
- 5Y*
- 25.29%
- 10Y*
- 44.10%
^GDAXI vs. QQQ3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GDAXI DAX Performance Index | 1.10% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 44.64% | 12.49% | 70.47% | 200.22% | -78.32% | 101.39% | 112.27% | 134.09% | -17.60% | 87.94% |
Correlation
The correlation between ^GDAXI and QQQ3.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2012 | 0.63 |
The correlation between ^GDAXI and QQQ3.L has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
^GDAXI vs. QQQ3.L — Risk / Return Rank
^GDAXI
QQQ3.L
^GDAXI vs. QQQ3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.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.
| ^GDAXI | QQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.33 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 2.84 | -2.69 |
| Martin ratioReturn relative to average drawdown | 0.48 | 8.47 | -7.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ^GDAXI | QQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 2.12 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.41 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.74 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.81 | -0.41 |
Drawdowns
^GDAXI vs. QQQ3.L - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, smaller than the maximum QQQ3.L drawdown of -80.26%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and QQQ3.L.
Loading charts...
Drawdown Indicators
| ^GDAXI | QQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -80.26% | +7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.27% | -35.14% | +22.87% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -60.23% | +44.22% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -80.26% | +53.86% |
Max Drawdown (10Y)Largest decline over 10 years | -38.78% | -80.26% | +41.48% |
Current DrawdownCurrent decline from peak | -2.60% | -10.76% | +8.16% |
Average DrawdownAverage peak-to-trough decline | -15.53% | -19.00% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 11.82% | -7.95% |
Volatility
^GDAXI vs. QQQ3.L - Volatility Comparison
The current volatility for DAX Performance Index (^GDAXI) is 4.89%, while WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a volatility of 15.84%. This indicates that ^GDAXI experiences smaller price fluctuations and is considered to be less risky than QQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ^GDAXI | QQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 15.84% | -10.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 34.93% | -22.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 47.11% | -31.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 61.13% | -44.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 59.48% | -41.12% |
Frequently Asked Questions
^GDAXI and QQQ3.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ^GDAXI and QQQ3.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer