3BAL.L vs. 5QQQ.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) 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 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3BAL.L is passively managed, while 5QQQ.L is actively managed. Over the past 3 years, 3BAL.L returned 133.01%/yr vs 69.87%/yr for 5QQQ.L. At a 0.40 correlation, their price movements are largely independent. 3BAL.L charges 0.89%/yr vs 0.75%/yr for 5QQQ.L.
Performance
3BAL.L vs. 5QQQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3BAL.L achieves a -1.51% return, which is significantly lower than 5QQQ.L's 92.08% return.
3BAL.L
- 1D
- -4.27%
- 1M
- 14.54%
- YTD
- -1.51%
- 6M
- 16.46%
- 1Y
- 116.19%
- 3Y*
- 133.01%
- 5Y*
- 59.71%
- 10Y*
- —
5QQQ.L
- 1D
- -3.36%
- 1M
- 46.02%
- YTD
- 92.08%
- 6M
- 79.80%
- 1Y
- 213.52%
- 3Y*
- 69.87%
- 5Y*
- —
- 10Y*
- —
3BAL.L vs. 5QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | -1.51% | 433.07% | 68.07% | 63.85% | -24.90% | 7.86% |
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 92.08% | -4.78% | 76.82% | 401.38% | -95.59% | 15.05% |
Correlation
The correlation between 3BAL.L and 5QQQ.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.40 |
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Return for Risk
3BAL.L vs. 5QQQ.L — Risk / Return Rank
3BAL.L
5QQQ.L
3BAL.L vs. 5QQQ.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 (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.
| 3BAL.L | 5QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 3.39 | -0.96 |
| Martin ratioReturn relative to average drawdown | 6.62 | 7.76 | -1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 3BAL.L | 5QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.38 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.04 | +0.13 |
Drawdowns
3BAL.L vs. 5QQQ.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -97.78%, roughly equal to the maximum 5QQQ.L drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for 3BAL.L and 5QQQ.L.
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Drawdown Indicators
| 3BAL.L | 5QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.78% | -95.97% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -62.48% | +17.04% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -80.23% | +29.92% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | — | — |
Current DrawdownCurrent decline from peak | -18.68% | -31.50% | +12.82% |
Average DrawdownAverage peak-to-trough decline | -66.25% | -74.65% | +8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.77% | 27.40% | -10.63% |
Volatility
3BAL.L vs. 5QQQ.L - Volatility Comparison
The current volatility for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) is 18.85%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) has a volatility of 23.67%. This indicates that 3BAL.L experiences smaller price fluctuations and is considered to be less risky than 5QQQ.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 | 5QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.85% | 23.67% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 54.46% | 56.95% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.79% | 88.96% | -20.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.94% | 105.45% | -30.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 105.45% | -22.60% |
3BAL.L vs. 5QQQ.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than 5QQQ.L's 0.75% expense ratio.
Dividends
3BAL.L vs. 5QQQ.L - Dividend Comparison
Neither 3BAL.L nor 5QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
3BAL.L and 5QQQ.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5QQQ.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5QQQ.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
3BAL.L is categorized as Leveraged Equities, while 5QQQ.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 5QQQ.L.
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