3GLE.L vs. 6AQQ.DE
3GLE.L (Leverage Shares 3x Long Gold ETP Securities) and 6AQQ.DE (Amundi Nasdaq 100 UCITS ETF EUR) are both exchange-traded funds - 3GLE.L is a Leveraged Commodities fund actively managed by Leverage Shares, while 6AQQ.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. 3GLE.L is actively managed, while 6AQQ.DE is passively managed. Over the past 3 years, 3GLE.L returned 65.12%/yr vs 28.09%/yr for 6AQQ.DE. At a 0.11 correlation, their price movements are largely independent. 3GLE.L charges 0.75%/yr vs 0.23%/yr for 6AQQ.DE.
Performance
3GLE.L vs. 6AQQ.DE - Performance Comparison
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Different Trading Currencies
3GLE.L is traded in USD, while 6AQQ.DE is traded in EUR. To make them comparable, the 6AQQ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3GLE.L achieves a -9.71% return, which is significantly lower than 6AQQ.DE's 19.26% return.
3GLE.L
- 1D
- 1.46%
- 1M
- -8.07%
- YTD
- -9.71%
- 6M
- -6.67%
- 1Y
- 52.94%
- 3Y*
- 65.12%
- 5Y*
- —
- 10Y*
- —
6AQQ.DE
- 1D
- -0.72%
- 1M
- 8.52%
- YTD
- 19.26%
- 6M
- 19.19%
- 1Y
- 40.28%
- 3Y*
- 28.09%
- 5Y*
- 17.77%
- 10Y*
- 21.69%
3GLE.L vs. 6AQQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -9.71% | 188.93% | 67.78% | 16.46% | -12.50% |
6AQQ.DE Amundi Nasdaq 100 UCITS ETF EUR | 19.26% | 20.88% | 26.12% | 56.33% | -4.28% |
Correlation
The correlation between 3GLE.L and 6AQQ.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022 | 0.11 |
The correlation between 3GLE.L and 6AQQ.DE shifts across timeframes, from 0.11 (3 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3GLE.L vs. 6AQQ.DE — Risk / Return Rank
3GLE.L
6AQQ.DE
3GLE.L vs. 6AQQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Gold ETP Securities (3GLE.L) and Amundi Nasdaq 100 UCITS ETF EUR (6AQQ.DE). 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.
| 3GLE.L | 6AQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 3.70 | -2.65 |
| Martin ratioReturn relative to average drawdown | 2.35 | 13.65 | -11.30 |
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
| 3GLE.L | 6AQQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 2.55 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.04 | -0.19 |
Drawdowns
3GLE.L vs. 6AQQ.DE - Drawdown Comparison
The maximum 3GLE.L drawdown since its inception was -50.37%, which is greater than 6AQQ.DE's maximum drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for 3GLE.L and 6AQQ.DE.
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Drawdown Indicators
| 3GLE.L | 6AQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.37% | -35.00% | -15.37% |
Max Drawdown (1Y)Largest decline over 1 year | -50.37% | -10.84% | -39.53% |
Max Drawdown (3Y)Largest decline over 3 years | -50.37% | -23.05% | -27.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -49.24% | -0.82% | -48.42% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -5.16% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.50% | 2.94% | +19.56% |
Volatility
3GLE.L vs. 6AQQ.DE - Volatility Comparison
Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a higher volatility of 18.35% compared to Amundi Nasdaq 100 UCITS ETF EUR (6AQQ.DE) at 4.65%. This indicates that 3GLE.L's price experiences larger fluctuations and is considered to be riskier than 6AQQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GLE.L | 6AQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.35% | 4.65% | +13.70% |
Volatility (6M)Calculated over the trailing 6-month period | 66.26% | 11.45% | +54.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.12% | 15.72% | +61.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.66% | 20.64% | +33.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.66% | 19.93% | +33.73% |
3GLE.L vs. 6AQQ.DE - Expense Ratio Comparison
3GLE.L has a 0.75% expense ratio, which is higher than 6AQQ.DE's 0.23% expense ratio.
Dividends
3GLE.L vs. 6AQQ.DE - Dividend Comparison
Neither 3GLE.L nor 6AQQ.DE has paid dividends to shareholders.
Frequently Asked Questions
3GLE.L and 6AQQ.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6AQQ.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6AQQ.DE is cheaper with a 0.23% expense ratio, compared with 0.75% for 3GLE.L.
3GLE.L is categorized as Leveraged Commodities, while 6AQQ.DE is Nasdaq-100. They also come from different issuers: Leverage Shares and Amundi. Their fees differ too: 0.75% for 3GLE.L and 0.23% for 6AQQ.DE.
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