3ABN.L vs. TQQQ

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) and ProShares UltraPro QQQ (TQQQ).

3ABN.L and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3ABN.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x ABNB Index. It was launched on Jun 14, 2021. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both 3ABN.L and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

3ABN.L vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

3ABN.L vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3ABN.L Leverage Shares 3x Airbnb ETP Securities GBP	-29.80%	12,760.97%	-45.97%	106.32%	-96.11%	4.99%
TQQQ ProShares UltraPro QQQ	-16.51%	24.78%	61.03%	183.15%	-76.60%	57.67%

Different Trading Currencies

3ABN.L is traded in GBp, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3ABN.L achieves a -29.80% return, which is significantly lower than TQQQ's -19.31% return.

3ABN.L

• 1D: 6.07%
• 1M: -14.30%
• YTD: -29.80%
• 6M: -9.19%
• 1Y: 14,823.65%
• 3Y*: 240.71%
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: 0.00%
• 1M: -14.84%
• YTD: -19.31%
• 6M: -18.71%
• 1Y: 39.94%
• 3Y*: 41.77%
• 5Y*: 13.74%
• 10Y*: 35.81%

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

3ABN.L vs. TQQQ - Expense Ratio Comparison

3ABN.L has a 0.75% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

TQQQ

ProShares UltraPro QQQ

3ABN.L

Leverage Shares 3x Airbnb ETP Securities GBP

Return for Risk

3ABN.L vs. TQQQ — Risk / Return Rank

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

TQQQ

TQQQ Risk / Return Rank: 47
TQQQ Sharpe Ratio Rank: 37
TQQQ Sortino Ratio Rank: 51
TQQQ Omega Ratio Rank: 50
TQQQ Calmar Ratio Rank: 53
TQQQ Martin Ratio Rank: 44

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.

3ABN.L vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) and ProShares UltraPro QQQ (TQQQ). 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.

	3ABN.L	TQQQ	Difference
Sharpe ratio Return per unit of total volatility	0.66	0.60	+0.06
Sortino ratio Return per unit of downside risk	326.94	1.27	+325.68
Omega ratio Gain probability vs. loss probability	41.03	1.18	+39.85
Calmar ratio Return relative to maximum drawdown	247.75	1.17	+246.58
Martin ratio Return relative to average drawdown	411.93	3.35	+408.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3ABN.L vs. TQQQ - Sharpe Ratio Comparison

The current 3ABN.L Sharpe Ratio is 0.66, which is comparable to the TQQQ Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of 3ABN.L and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	3ABN.L	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	0.60	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.68	-0.68

Correlation

The correlation between 3ABN.L and TQQQ is 0.38, 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.

Dividends

3ABN.L vs. TQQQ - Dividend Comparison

3ABN.L has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.73%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3ABN.L Leverage Shares 3x Airbnb ETP Securities GBP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.73%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Drawdowns

3ABN.L vs. TQQQ - Drawdown Comparison

The maximum 3ABN.L drawdown since its inception was -99.20%, which is greater than TQQQ's maximum drawdown of -79.48%. Use the drawdown chart below to compare losses from any high point for 3ABN.L and TQQQ.

Volatility

3ABN.L vs. TQQQ - Volatility Comparison

Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) has a higher volatility of 32.89% compared to ProShares UltraPro QQQ (TQQQ) at 18.11%. This indicates that 3ABN.L's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3ABN.L	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.89%	18.11%	+14.78%
Volatility (6M) Calculated over the trailing 6-month period	62.00%	37.41%	+24.59%
Volatility (1Y) Calculated over the trailing 1-year period	22,051.62%	66.68%	+21,984.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10,099.90%	64.20%	+10,035.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10,099.90%	64.46%	+10,035.44%