0P6S.L vs. QQQ3.L
Compare and contrast key facts about Bayer AG NA (0P6S.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L).
QQQ3.L is a passively managed fund by WisdomTree that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Dec 13, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0P6S.L or QQQ3.L.
Correlation
The correlation between 0P6S.L and QQQ3.L is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
0P6S.L vs. QQQ3.L - Performance Comparison
Key characteristics
0P6S.L:
-0.51
QQQ3.L:
0.01
0P6S.L:
-0.53
QQQ3.L:
0.46
0P6S.L:
0.93
QQQ3.L:
1.06
0P6S.L:
-0.22
QQQ3.L:
0.00
0P6S.L:
-0.79
QQQ3.L:
0.01
0P6S.L:
22.47%
QQQ3.L:
20.91%
0P6S.L:
34.66%
QQQ3.L:
65.42%
0P6S.L:
-82.30%
QQQ3.L:
-81.35%
0P6S.L:
-77.85%
QQQ3.L:
-35.65%
Returns By Period
In the year-to-date period, 0P6S.L achieves a 21.84% return, which is significantly higher than QQQ3.L's -28.17% return. Over the past 10 years, 0P6S.L has underperformed QQQ3.L with an annualized return of -13.22%, while QQQ3.L has yielded a comparatively higher 29.04% annualized return.
0P6S.L
21.84%
13.82%
-4.46%
-17.49%
-14.85%
-13.22%
QQQ3.L
-28.17%
34.76%
-27.56%
0.86%
27.92%
29.04%
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Risk-Adjusted Performance
0P6S.L vs. QQQ3.L — Risk-Adjusted Performance Rank
0P6S.L
QQQ3.L
0P6S.L vs. QQQ3.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bayer AG NA (0P6S.L) 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.
Dividends
0P6S.L vs. QQQ3.L - Dividend Comparison
0P6S.L's dividend yield for the trailing twelve months is around 0.47%, while QQQ3.L has not paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0P6S.L Bayer AG NA | 0.47% | 0.57% | 7.14% | 4.09% | 4.25% | 5.81% | 3.84% | 4.62% | 2.64% | 2.59% | 1.97% | 1.89% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
0P6S.L vs. QQQ3.L - Drawdown Comparison
The maximum 0P6S.L drawdown since its inception was -82.30%, roughly equal to the maximum QQQ3.L drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for 0P6S.L and QQQ3.L. For additional features, visit the drawdowns tool.
Volatility
0P6S.L vs. QQQ3.L - Volatility Comparison
The current volatility for Bayer AG NA (0P6S.L) is 12.35%, while WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a volatility of 33.00%. This indicates that 0P6S.L 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.