3GOO.L vs. 5QQQ.L

Last updated Jun 5, 2026

3GOO.L (Leverage Shares 3x Alphabet ETC GBP) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 3GOO.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X GOOG Index, while 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3GOO.L is passively managed, while 5QQQ.L is actively managed. Over the past 3 years, 3GOO.L returned 85.26%/yr vs 69.87%/yr for 5QQQ.L. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

3GOO.L vs. 5QQQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Alphabet ETC GBP (3GOO.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3GOO.L achieves a 34.83% return, which is significantly lower than 5QQQ.L's 92.08% return.

3GOO.L

• 1D: 8.98%
• 1M: -15.53%
• YTD: 34.83%
• 6M: 27.25%
• 1Y: 608.54%
• 3Y*: 85.26%
• 5Y*: 30.26%
• 10Y*: —

5QQQ.L

• 1D: -3.36%
• 1M: 46.02%
• YTD: 92.08%
• 6M: 79.80%
• 1Y: 213.52%
• 3Y*: 69.87%
• 5Y*: —
• 10Y*: —

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

3GOO.L vs. 5QQQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3GOO.L Leverage Shares 3x Alphabet ETC GBP	34.83%	146.08%	80.34%	154.87%	-85.80%	5.89%
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 3GOO.L and 5QQQ.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.62

Over the past year, the correlation between 3GOO.L and 5QQQ.L has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

3GOO.L vs. 5QQQ.L - Sectors Allocation Comparison

Sectors	3GOO.L	5QQQ.L
Communication Services	100.0%	15.5%
Basic Materials	-	1.2%
Consumer Cyclical	-	12.2%
Consumer Defensive	-	7.6%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	54.2%
Utilities	-	1.4%

Return for Risk

3GOO.L vs. 5QQQ.L — Risk / Return Rank

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

3GOO.L

3GOO.L Risk / Return Rank: 96
3GOO.L Sharpe Ratio Rank: 99
3GOO.L Sortino Ratio Rank: 95
3GOO.L Omega Ratio Rank: 91
3GOO.L Calmar Ratio Rank: 97
3GOO.L Martin Ratio Rank: 96

5QQQ.L

5QQQ.L Risk / Return Rank: 63
5QQQ.L Sharpe Ratio Rank: 74
5QQQ.L Sortino Ratio Rank: 63
5QQQ.L Omega Ratio Rank: 60
5QQQ.L Calmar Ratio Rank: 69
5QQQ.L Martin Ratio Rank: 47

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.

3GOO.L vs. 5QQQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alphabet ETC GBP (3GOO.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.

	3GOO.L	5QQQ.L	Difference
Sharpe ratio: Return per unit of total volatility	7.23	2.38	+4.85
Sortino ratio: Return per unit of downside risk	5.07	2.89	+2.17
Omega ratio: Gain probability vs. loss probability	1.59	1.37	+0.23
Calmar ratio: Return relative to maximum drawdown	11.92	3.39	+8.52
Martin ratio: Return relative to average drawdown	37.79	7.76	+30.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3GOO.L vs. 5QQQ.L - Sharpe Ratio Comparison

The current 3GOO.L Sharpe Ratio is 7.23, which is higher than the 5QQQ.L Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of 3GOO.L and 5QQQ.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

	3GOO.L	5QQQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.23	2.38	+4.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	-0.04	+0.59

Drawdowns

3GOO.L vs. 5QQQ.L - Drawdown Comparison

The maximum 3GOO.L drawdown since its inception was -88.06%, smaller than the maximum 5QQQ.L drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for 3GOO.L and 5QQQ.L.

Drawdown Indicators

	3GOO.L	5QQQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-88.06%	-95.97%	+7.91%
Max Drawdown (1Y) Largest decline over 1 year	-50.61%	-62.48%	+11.87%
Max Drawdown (3Y) Largest decline over 3 years	-68.88%	-80.23%	+11.35%
Max Drawdown (5Y) Largest decline over 5 years	-88.06%	—	—
Current Drawdown Current decline from peak	-23.69%	-31.50%	+7.81%
Average Drawdown Average peak-to-trough decline	-44.53%	-74.65%	+30.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.99%	27.40%	-11.41%

Volatility

3GOO.L vs. 5QQQ.L - Volatility Comparison

Leverage Shares 3x Alphabet ETC GBP (3GOO.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) have volatilities of 22.98% and 23.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GOO.L	5QQQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.98%	23.67%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	53.81%	56.95%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	83.45%	88.96%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.52%	105.45%	-15.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.77%	105.45%	-15.68%

3GOO.L vs. 5QQQ.L - Expense Ratio Comparison

Both 3GOO.L and 5QQQ.L have an expense ratio of 0.75%.

Dividends

3GOO.L vs. 5QQQ.L - Dividend Comparison

Neither 3GOO.L nor 5QQQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3GOO.L and 5QQQ.L in my portfolio?

3GOO.L and 5QQQ.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3GOO.L or 5QQQ.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, 3GOO.L or 5QQQ.L?

3GOO.L and 5QQQ.L have the same expense ratio: 0.75% per year.

What is the main difference between 3GOO.L and 5QQQ.L?

3GOO.L is categorized as Leveraged Equities, while 5QQQ.L is Nasdaq-100.