3AME.L vs. 5QQQ.L

Last updated Jun 26, 2026

3AME.L (Leverage Shares 3x Amazon ETC EUR) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 3AME.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AMZN Index, while 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3AME.L is passively managed, while 5QQQ.L is actively managed. Over the past 3 years, 3AME.L returned 11.20%/yr vs 55.15%/yr for 5QQQ.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

3AME.L vs. 5QQQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Amazon ETC EUR (3AME.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3AME.L is traded in EUR, while 5QQQ.L is traded in GBp. To make them comparable, the 5QQQ.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3AME.L achieves a -19.23% return, which is significantly lower than 5QQQ.L's 51.19% return.

3AME.L

• 1D: -14.31%
• 1M: -35.57%
• YTD: -19.23%
• 6M: -19.33%
• 1Y: -19.23%
• 3Y*: 11.20%
• 5Y*: -27.88%
• 10Y*: —

5QQQ.L

• 1D: -2.57%
• 1M: -16.45%
• YTD: 51.19%
• 6M: 46.05%
• 1Y: 121.13%
• 3Y*: 55.15%
• 5Y*: —
• 10Y*: —

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

3AME.L vs. 5QQQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3AME.L Leverage Shares 3x Amazon ETC EUR	-19.23%	-41.30%	120.76%	275.32%	-94.50%	-3.61%
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	51.19%	-9.75%	85.37%	411.97%	-95.82%	16.61%

Correlation

The correlation between 3AME.L and 5QQQ.L is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021	0.71

The correlation between 3AME.L and 5QQQ.L shifts across timeframes, from 0.59 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

3AME.L vs. 5QQQ.L - Sectors Allocation Comparison

Sectors	3AME.L	5QQQ.L
Consumer Cyclical	100.0%	11.6%
Basic Materials	-	1.0%
Communication Services	-	14.5%
Consumer Defensive	-	6.6%
Energy	-	0.5%
Financial Services	-	0.2%
Healthcare	-	3.7%
Industrials	-	2.6%
Real Estate	-	0.1%
Technology	-	58.0%
Utilities	-	1.2%

Return for Risk

3AME.L vs. 5QQQ.L — Risk / Return Rank

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

3AME.L

3AME.L Risk / Return Rank: 8
3AME.L Sharpe Ratio Rank: 7
3AME.L Sortino Ratio Rank: 10
3AME.L Omega Ratio Rank: 10
3AME.L Calmar Ratio Rank: 7
3AME.L Martin Ratio Rank: 7

5QQQ.L

5QQQ.L Risk / Return Rank: 46
5QQQ.L Sharpe Ratio Rank: 49
5QQQ.L Sortino Ratio Rank: 48
5QQQ.L Omega Ratio Rank: 46
5QQQ.L Calmar Ratio Rank: 49
5QQQ.L Martin Ratio Rank: 39

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.

3AME.L vs. 5QQQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Amazon ETC EUR (3AME.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.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.

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.

	3AME.L	5QQQ.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.47	-1.67
Sortino ratio: Return per unit of downside risk	0.35	2.10	-1.75
Omega ratio: Gain probability vs. loss probability	1.04	1.26	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.32	2.14	-2.46
Martin ratio: Return relative to average drawdown	-0.64	5.65	-6.30

3AME.L vs. 5QQQ.L - Sharpe Ratio Comparison

The current 3AME.L Sharpe Ratio is -0.20, which is lower than the 5QQQ.L Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of 3AME.L and 5QQQ.L, 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

3AME.L vs. 5QQQ.L - Drawdown Comparison

The maximum 3AME.L drawdown since its inception was -96.64%, roughly equal to the maximum 5QQQ.L drawdown of -96.17%. Use the drawdown chart below to compare losses from any high point for 3AME.L and 5QQQ.L.

Drawdown Indicators

	3AME.L	5QQQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-96.64%	-96.17%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	-59.72%	-56.18%	-3.54%
Max Drawdown (3Y) Largest decline over 3 years	-73.01%	-80.98%	+7.97%
Max Drawdown (5Y) Largest decline over 5 years	-96.43%	—	—
Current Drawdown Current decline from peak	-86.35%	-48.19%	-38.16%
Average Drawdown Average peak-to-trough decline	-68.80%	-74.60%	+5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.98%	21.34%	+8.64%

Volatility

3AME.L vs. 5QQQ.L - Volatility Comparison

Leverage Shares 3x Amazon ETC EUR (3AME.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) have volatilities of 32.97% and 31.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3AME.L	5QQQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.97%	31.79%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	75.03%	63.87%	+11.16%
Volatility (1Y) Calculated over the trailing 1-year period	93.71%	81.99%	+11.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.78%	104.26%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.98%	104.26%	-3.28%

3AME.L vs. 5QQQ.L - Expense Ratio Comparison

Both 3AME.L and 5QQQ.L have an expense ratio of 0.75%.

Dividends

3AME.L vs. 5QQQ.L - Dividend Comparison

Neither 3AME.L nor 5QQQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3AME.L and 5QQQ.L in my portfolio?

3AME.L and 5QQQ.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3AME.L or 5QQQ.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3AME.L or 5QQQ.L?

3AME.L and 5QQQ.L have the same expense ratio: 0.75% per year.

What is the main difference between 3AME.L and 5QQQ.L?

3AME.L is categorized as Leveraged Equities, while 5QQQ.L is Nasdaq-100.