3GOO.L vs. QQQ3.L
3GOO.L (Leverage Shares 3x Alphabet ETC GBP) and QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - 3GOO.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X GOOG Index, while QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 5 years, 3GOO.L returned 20.12%/yr vs 21.58%/yr for QQQ3.L. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3GOO.L vs. QQQ3.L - Performance Comparison
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Different Trading Currencies
3GOO.L is traded in GBp, while QQQ3.L is traded in USD. To make them comparable, the QQQ3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3GOO.L achieves a 7.47% return, which is significantly lower than QQQ3.L's 39.39% return.
3GOO.L
- 1D
- -8.11%
- 1M
- -30.66%
- YTD
- 7.47%
- 6M
- 4.21%
- 1Y
- 434.77%
- 3Y*
- 83.55%
- 5Y*
- 20.12%
- 10Y*
- —
QQQ3.L
- 1D
- -2.48%
- 1M
- -7.22%
- YTD
- 39.39%
- 6M
- 36.71%
- 1Y
- 90.97%
- 3Y*
- 53.54%
- 5Y*
- 21.58%
- 10Y*
- 46.84%
3GOO.L vs. QQQ3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 7.47% | 146.08% | 80.34% | 154.87% | -85.80% | 292.19% | 40.82% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 39.39% | 18.54% | 62.70% | 194.03% | -77.15% | 89.15% | 111.93% |
Correlation
The correlation between 3GOO.L and QQQ3.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 | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.67 |
Over the past year, the correlation between 3GOO.L and QQQ3.L has dropped to 0.44 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
3GOO.L vs. QQQ3.L — Risk / Return Rank
3GOO.L
QQQ3.L
3GOO.L vs. QQQ3.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 WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.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.
| 3GOO.L | QQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.30 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 8.52 | 2.52 | +6.00 |
| Martin ratioReturn relative to average drawdown | 25.06 | 7.25 | +17.81 |
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Drawdowns
3GOO.L vs. QQQ3.L - Drawdown Comparison
The maximum 3GOO.L drawdown since its inception was -88.06%, which is greater than QQQ3.L's maximum drawdown of -79.21%. Use the drawdown chart below to compare losses from any high point for 3GOO.L and QQQ3.L.
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Drawdown Indicators
| 3GOO.L | QQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.06% | -79.21% | -8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -50.61% | -35.87% | -14.74% |
Max Drawdown (3Y)Largest decline over 3 years | -68.88% | -58.56% | -10.32% |
Max Drawdown (5Y)Largest decline over 5 years | -88.06% | -79.21% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.21% | — |
Current DrawdownCurrent decline from peak | -39.18% | -13.25% | -25.93% |
Average DrawdownAverage peak-to-trough decline | -42.82% | -18.25% | -24.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.24% | 12.51% | +4.73% |
Volatility
3GOO.L vs. QQQ3.L - Volatility Comparison
Leverage Shares 3x Alphabet ETC GBP (3GOO.L) has a higher volatility of 30.36% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) at 19.34%. This indicates that 3GOO.L's price experiences larger fluctuations and is considered to be riskier than QQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GOO.L | QQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.36% | 19.34% | +11.02% |
Volatility (6M)Calculated over the trailing 6-month period | 58.46% | 37.92% | +20.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.76% | 48.77% | +37.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.96% | 60.81% | +30.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.22% | 58.92% | +30.30% |
3GOO.L vs. QQQ3.L - Expense Ratio Comparison
Both 3GOO.L and QQQ3.L have an expense ratio of 0.75%.
Dividends
3GOO.L vs. QQQ3.L - Dividend Comparison
Neither 3GOO.L nor QQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
3GOO.L and QQQ3.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.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3GOO.L and QQQ3.L have the same expense ratio: 0.75% per year.
3GOO.L is categorized as Leveraged Equities, while QQQ3.L is Nasdaq-100. 3GOO.L tracks iSTOXX Leveraged 3X GOOG Index, while QQQ3.L tracks NASDAQ-100 Index (300%). They also come from different issuers: Leverage Shares and WisdomTree.
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