3BAL.L vs. 5QQE.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both exchange-traded funds - 3BAL.L is a Leveraged Equities fund tracking the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index, while 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3BAL.L is passively managed, while 5QQE.L is actively managed. Over the past 3 years, 3BAL.L returned 155.31%/yr vs 55.30%/yr for 5QQE.L. At a 0.37 correlation, their price movements are largely independent. 3BAL.L charges 0.89%/yr vs 0.75%/yr for 5QQE.L.
Performance
3BAL.L vs. 5QQE.L - Performance Comparison
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Different Trading Currencies
3BAL.L is traded in GBp, while 5QQE.L is traded in EUR. To make them comparable, the 5QQE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3BAL.L achieves a 25.66% return, which is significantly lower than 5QQE.L's 49.11% return.
3BAL.L
- 1D
- 1.86%
- 1M
- 23.42%
- YTD
- 25.66%
- 6M
- 27.44%
- 1Y
- 182.60%
- 3Y*
- 155.31%
- 5Y*
- 70.85%
- 10Y*
- 21.97%
5QQE.L
- 1D
- -3.82%
- 1M
- -17.50%
- YTD
- 49.11%
- 6M
- 43.59%
- 1Y
- 121.42%
- 3Y*
- 55.30%
- 5Y*
- —
- 10Y*
- —
3BAL.L vs. 5QQE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 25.66% | 433.07% | 68.07% | 63.85% | -24.90% | 10.94% |
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 49.11% | -4.94% | 76.73% | 400.57% | -95.61% | 15.03% |
Correlation
The correlation between 3BAL.L and 5QQE.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.37 |
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Return for Risk
3BAL.L vs. 5QQE.L — Risk / Return Rank
3BAL.L
5QQE.L
3BAL.L vs. 5QQE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.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.
| 3BAL.L | 5QQE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.14 | +1.86 |
| Martin ratioReturn relative to average drawdown | 10.72 | 5.61 | +5.11 |
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Drawdowns
3BAL.L vs. 5QQE.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -99.29%, roughly equal to the maximum 5QQE.L drawdown of -95.85%. Use the drawdown chart below to compare losses from any high point for 3BAL.L and 5QQE.L.
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Drawdown Indicators
| 3BAL.L | 5QQE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.29% | -95.85% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -56.48% | +11.04% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -80.26% | +29.95% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.78% | — | — |
Current DrawdownCurrent decline from peak | -47.44% | -45.49% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -82.00% | -72.74% | -9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.96% | 21.58% | -4.62% |
Volatility
3BAL.L vs. 5QQE.L - Volatility Comparison
The current volatility for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) is 18.61%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a volatility of 33.59%. This indicates that 3BAL.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
| 3BAL.L | 5QQE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.61% | 33.59% | -14.98% |
Volatility (6M)Calculated over the trailing 6-month period | 55.75% | 64.06% | -8.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.87% | 82.11% | -13.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.08% | 105.94% | -30.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.99% | 105.94% | -22.95% |
3BAL.L vs. 5QQE.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than 5QQE.L's 0.75% expense ratio.
Dividends
3BAL.L vs. 5QQE.L - Dividend Comparison
Neither 3BAL.L nor 5QQE.L has paid dividends to shareholders.
Frequently Asked Questions
3BAL.L and 5QQE.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5QQE.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5QQE.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
3BAL.L is categorized as Leveraged Equities, while 5QQE.L is Nasdaq-100. They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.89% for 3BAL.L and 0.75% for 5QQE.L.
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