3BAB.L vs. LQQ3.L

Last updated Jun 4, 2026

3BAB.L (Leverage Shares 3x Alibaba ETC) and LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - 3BAB.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x BABA Index, while LQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 5 years, 3BAB.L returned -69.09%/yr vs 28.64%/yr for LQQ3.L. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

3BAB.L vs. LQQ3.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Alibaba ETC (3BAB.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3BAB.L achieves a -51.03% return, which is significantly lower than LQQ3.L's 59.56% return.

3BAB.L

• 1D: -12.86%
• 1M: -14.43%
• YTD: -51.03%
• 6M: -62.11%
• 1Y: -29.02%
• 3Y*: -22.14%
• 5Y*: -69.09%
• 10Y*: —

LQQ3.L

• 1D: -0.06%
• 1M: 33.69%
• YTD: 59.56%
• 6M: 53.17%
• 1Y: 133.06%
• 3Y*: 62.12%
• 5Y*: 28.64%
• 10Y*: —

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

3BAB.L vs. LQQ3.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3BAB.L Leverage Shares 3x Alibaba ETC	-51.03%	109.01%	-18.41%	-64.32%	-91.90%	-87.31%
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	59.56%	18.96%	62.50%	192.06%	-77.11%	72.95%

Correlation

The correlation between 3BAB.L and LQQ3.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.33

Return for Risk

3BAB.L vs. LQQ3.L — Risk / Return Rank

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

3BAB.L

3BAB.L Risk / Return Rank: 9
3BAB.L Sharpe Ratio Rank: 7
3BAB.L Sortino Ratio Rank: 14
3BAB.L Omega Ratio Rank: 13
3BAB.L Calmar Ratio Rank: 6
3BAB.L Martin Ratio Rank: 6

LQQ3.L

LQQ3.L Risk / Return Rank: 73
LQQ3.L Sharpe Ratio Rank: 88
LQQ3.L Sortino Ratio Rank: 73
LQQ3.L Omega Ratio Rank: 70
LQQ3.L Calmar Ratio Rank: 75
LQQ3.L Martin Ratio Rank: 62

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.

3BAB.L vs. LQQ3.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alibaba ETC (3BAB.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.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.

	3BAB.L	LQQ3.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	2.94	-3.17
Sortino ratio: Return per unit of downside risk	0.55	3.28	-2.73
Omega ratio: Gain probability vs. loss probability	1.06	1.42	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.35	3.71	-4.06
Martin ratio: Return relative to average drawdown	-0.58	11.01	-11.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3BAB.L vs. LQQ3.L - Sharpe Ratio Comparison

The current 3BAB.L Sharpe Ratio is -0.23, which is lower than the LQQ3.L Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of 3BAB.L and LQQ3.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.

Sharpe Ratios by Period

	3BAB.L	LQQ3.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	2.94	-3.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.46	0.48	-0.95
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	0.67	-1.13

Drawdowns

3BAB.L vs. LQQ3.L - Drawdown Comparison

The maximum 3BAB.L drawdown since its inception was -99.81%, which is greater than LQQ3.L's maximum drawdown of -79.16%. Use the drawdown chart below to compare losses from any high point for 3BAB.L and LQQ3.L.

Drawdown Indicators

	3BAB.L	LQQ3.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.81%	-79.16%	-20.65%
Max Drawdown (1Y) Largest decline over 1 year	-82.29%	-35.64%	-46.65%
Max Drawdown (3Y) Largest decline over 3 years	-82.29%	-58.39%	-23.90%
Max Drawdown (5Y) Largest decline over 5 years	-99.81%	-79.16%	-20.65%
Current Drawdown Current decline from peak	-99.75%	-0.06%	-99.69%
Average Drawdown Average peak-to-trough decline	-93.40%	-23.34%	-70.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.68%	12.04%	+37.64%

Volatility

3BAB.L vs. LQQ3.L - Volatility Comparison

Leverage Shares 3x Alibaba ETC (3BAB.L) has a higher volatility of 48.18% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) at 13.48%. This indicates that 3BAB.L's price experiences larger fluctuations and is considered to be riskier than LQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3BAB.L	LQQ3.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.18%	13.48%	+34.70%
Volatility (6M) Calculated over the trailing 6-month period	88.83%	32.79%	+56.04%
Volatility (1Y) Calculated over the trailing 1-year period	125.78%	45.25%	+80.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.76%	59.27%	+90.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.50%	59.45%	+90.05%

3BAB.L vs. LQQ3.L - Expense Ratio Comparison

Both 3BAB.L and LQQ3.L have an expense ratio of 0.75%.

Dividends

3BAB.L vs. LQQ3.L - Dividend Comparison

Neither 3BAB.L nor LQQ3.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3BAB.L and LQQ3.L in my portfolio?

3BAB.L and LQQ3.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3BAB.L or LQQ3.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, 3BAB.L or LQQ3.L?

3BAB.L and LQQ3.L have the same expense ratio: 0.75% per year.

What is the main difference between 3BAB.L and LQQ3.L?

3BAB.L is categorized as Leveraged Equities, while LQQ3.L is Nasdaq-100. 3BAB.L tracks iSTOXX Leveraged 3x BABA Index, while LQQ3.L tracks NASDAQ-100 Notional Net Total Return Index. They also come from different issuers: Leverage Shares and WisdomTree.