3GLE.L vs. QQQY.L
3GLE.L (Leverage Shares 3x Long Gold ETP Securities) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both exchange-traded funds - 3GLE.L is a Leveraged Commodities fund actively managed by Leverage Shares, while QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 3GLE.L returned 52.94% vs 31.81% for QQQY.L. At a 0.06 correlation, their price movements are largely independent. 3GLE.L charges 0.75%/yr vs 0.45%/yr for QQQY.L.
Performance
3GLE.L vs. QQQY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3GLE.L achieves a -9.71% return, which is significantly lower than QQQY.L's 15.10% return.
3GLE.L
- 1D
- 1.46%
- 1M
- -8.07%
- YTD
- -9.71%
- 6M
- -6.67%
- 1Y
- 52.94%
- 3Y*
- 65.12%
- 5Y*
- —
- 10Y*
- —
QQQY.L
- 1D
- -0.82%
- 1M
- 7.64%
- YTD
- 15.10%
- 6M
- 14.75%
- 1Y
- 31.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GLE.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -9.71% | 188.93% | 11.21% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 15.10% | 14.25% | 7.28% |
Correlation
The correlation between 3GLE.L and QQQY.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3GLE.L vs. QQQY.L — Risk / Return Rank
3GLE.L
QQQY.L
3GLE.L vs. QQQY.L - 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 IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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.
| 3GLE.L | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 4.32 | -3.27 |
| Martin ratioReturn relative to average drawdown | 2.35 | 13.40 | -11.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3GLE.L | QQQY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 2.18 | -1.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.02 | -0.18 |
Drawdowns
3GLE.L vs. QQQY.L - Drawdown Comparison
The maximum 3GLE.L drawdown since its inception was -50.37%, which is greater than QQQY.L's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for 3GLE.L and QQQY.L.
Loading charts...
Drawdown Indicators
| 3GLE.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.37% | -19.23% | -31.14% |
Max Drawdown (1Y)Largest decline over 1 year | -50.37% | -7.34% | -43.03% |
Max Drawdown (3Y)Largest decline over 3 years | -50.37% | — | — |
Current DrawdownCurrent decline from peak | -49.24% | -0.93% | -48.31% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -3.18% | -9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.50% | 2.37% | +20.13% |
Volatility
3GLE.L vs. QQQY.L - Volatility Comparison
Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a higher volatility of 18.35% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) at 4.78%. This indicates that 3GLE.L's price experiences larger fluctuations and is considered to be riskier than QQQY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3GLE.L | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.35% | 4.78% | +13.57% |
Volatility (6M)Calculated over the trailing 6-month period | 66.26% | 10.22% | +56.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.12% | 14.52% | +62.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.66% | 20.98% | +32.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.66% | 20.98% | +32.68% |
3GLE.L vs. QQQY.L - Expense Ratio Comparison
3GLE.L has a 0.75% expense ratio, which is higher than QQQY.L's 0.45% expense ratio.
Dividends
3GLE.L vs. QQQY.L - Dividend Comparison
3GLE.L has not paid dividends to shareholders, while QQQY.L's dividend yield for the trailing twelve months is around 67.73%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | 0.00% | 0.00% | 0.00% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.73% | 120.60% | 18.65% |
Frequently Asked Questions
3GLE.L and QQQY.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 3GLE.L.
3GLE.L is categorized as Leveraged Commodities, while QQQY.L is Nasdaq-100. Their fees differ too: 0.75% for 3GLE.L and 0.45% for QQQY.L.
Find the right allocation for 3GLE.L and QQQY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer