3APE.L vs. 5QQE.L
3APE.L (Leverage Shares 3x Apple ETC EUR) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both exchange-traded funds - 3APE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AAPL Index, while 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3APE.L is passively managed, while 5QQE.L is actively managed. Over the past 3 years, 3APE.L returned 11.59%/yr vs 55.11%/yr for 5QQE.L. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3APE.L vs. 5QQE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3APE.L achieves a 17.56% return, which is significantly lower than 5QQE.L's 50.96% return.
3APE.L
- 1D
- 0.00%
- 1M
- -11.82%
- YTD
- 17.56%
- 6M
- 18.40%
- 1Y
- 144.22%
- 3Y*
- 11.59%
- 5Y*
- 16.54%
- 10Y*
- —
5QQE.L
- 1D
- -3.66%
- 1M
- -17.13%
- YTD
- 50.96%
- 6M
- 45.40%
- 1Y
- 119.44%
- 3Y*
- 55.11%
- 5Y*
- —
- 10Y*
- —
3APE.L vs. 5QQE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 17.56% | -31.84% | 78.10% | 157.67% | -74.17% | -2.24% |
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 50.96% | -9.77% | 85.15% | 410.76% | -95.82% | 16.44% |
Correlation
The correlation between 3APE.L and 5QQE.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.62 |
Over the past year, the correlation between 3APE.L and 5QQE.L has dropped to 0.38 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
3APE.L vs. 5QQE.L — Risk / Return Rank
3APE.L
5QQE.L
3APE.L vs. 5QQE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Apple ETC EUR (3APE.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.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.
| 3APE.L | 5QQE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.26 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.12 | +1.37 |
| Martin ratioReturn relative to average drawdown | 7.86 | 5.61 | +2.24 |
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Drawdowns
3APE.L vs. 5QQE.L - Drawdown Comparison
The maximum 3APE.L drawdown since its inception was -76.86%, smaller than the maximum 5QQE.L drawdown of -96.05%. Use the drawdown chart below to compare losses from any high point for 3APE.L and 5QQE.L.
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Drawdown Indicators
| 3APE.L | 5QQE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -96.05% | +19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -41.29% | -56.00% | +14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -80.99% | +7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -76.86% | — | — |
Current DrawdownCurrent decline from peak | -22.11% | -46.75% | +24.64% |
Average DrawdownAverage peak-to-trough decline | -35.60% | -73.12% | +37.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.36% | 21.20% | -2.84% |
Volatility
3APE.L vs. 5QQE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Apple ETC EUR (3APE.L) is 25.77%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a volatility of 33.41%. This indicates that 3APE.L experiences smaller price fluctuations and is considered to be less risky than 5QQE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3APE.L | 5QQE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.77% | 33.41% | -7.64% |
Volatility (6M)Calculated over the trailing 6-month period | 53.51% | 64.29% | -10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.92% | 82.61% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.75% | 106.60% | -26.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 106.60% | -23.75% |
3APE.L vs. 5QQE.L - Expense Ratio Comparison
Both 3APE.L and 5QQE.L have an expense ratio of 0.75%.
Dividends
3APE.L vs. 5QQE.L - Dividend Comparison
Neither 3APE.L nor 5QQE.L has paid dividends to shareholders.
Frequently Asked Questions
3APE.L and 5QQE.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3APE.L and 5QQE.L have the same expense ratio: 0.75% per year.
3APE.L is categorized as Leveraged Equities, while 5QQE.L is Nasdaq-100.
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