3MSE.L vs. 5QQE.L
3MSE.L (Leverage Shares 3x Microsoft ETP EUR) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both exchange-traded funds - 3MSE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X MSFT Index, while 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3MSE.L is passively managed, while 5QQE.L is actively managed. Over the past 3 years, 3MSE.L returned -18.77%/yr vs 55.11%/yr for 5QQE.L. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3MSE.L vs. 5QQE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3MSE.L achieves a -62.40% return, which is significantly lower than 5QQE.L's 50.96% return.
3MSE.L
- 1D
- 0.00%
- 1M
- -28.26%
- YTD
- -62.40%
- 6M
- -62.31%
- 1Y
- -68.46%
- 3Y*
- -18.77%
- 5Y*
- -10.30%
- 10Y*
- —
5QQE.L
- 1D
- -3.66%
- 1M
- -17.13%
- YTD
- 50.96%
- 6M
- 45.40%
- 1Y
- 119.44%
- 3Y*
- 55.11%
- 5Y*
- —
- 10Y*
- —
3MSE.L vs. 5QQE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -62.40% | -6.09% | 20.99% | 175.47% | -76.35% | -1.17% |
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 50.96% | -9.77% | 85.15% | 410.76% | -95.82% | 16.44% |
Correlation
The correlation between 3MSE.L and 5QQE.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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.68 |
Over the past year, the correlation between 3MSE.L and 5QQE.L has dropped to 0.44 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
3MSE.L vs. 5QQE.L — Risk / Return Rank
3MSE.L
5QQE.L
3MSE.L vs. 5QQE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Microsoft ETP EUR (3MSE.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.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.
| 3MSE.L | 5QQE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.26 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.12 | -3.02 |
| Martin ratioReturn relative to average drawdown | -1.45 | 5.61 | -7.07 |
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Drawdowns
3MSE.L vs. 5QQE.L - Drawdown Comparison
The maximum 3MSE.L drawdown since its inception was -82.27%, smaller than the maximum 5QQE.L drawdown of -96.05%. Use the drawdown chart below to compare losses from any high point for 3MSE.L and 5QQE.L.
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Drawdown Indicators
| 3MSE.L | 5QQE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.27% | -96.05% | +13.78% |
Max Drawdown (1Y)Largest decline over 1 year | -76.33% | -56.00% | -20.33% |
Max Drawdown (3Y)Largest decline over 3 years | -76.33% | -80.99% | +4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -82.27% | — | — |
Current DrawdownCurrent decline from peak | -75.51% | -46.75% | -28.76% |
Average DrawdownAverage peak-to-trough decline | -36.08% | -73.12% | +37.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.14% | 21.20% | +25.94% |
Volatility
3MSE.L vs. 5QQE.L - Volatility Comparison
Leverage Shares 3x Microsoft ETP EUR (3MSE.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) have volatilities of 32.61% and 33.41%, 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.
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Volatility by Period
| 3MSE.L | 5QQE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.61% | 33.41% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 76.21% | 64.29% | +11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.19% | 82.61% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.97% | 106.60% | -29.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.51% | 106.60% | -30.09% |
3MSE.L vs. 5QQE.L - Expense Ratio Comparison
Both 3MSE.L and 5QQE.L have an expense ratio of 0.75%.
Dividends
3MSE.L vs. 5QQE.L - Dividend Comparison
Neither 3MSE.L nor 5QQE.L has paid dividends to shareholders.
Frequently Asked Questions
3MSE.L and 5QQE.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.
3MSE.L and 5QQE.L have the same expense ratio: 0.75% per year.
3MSE.L is categorized as Leveraged Equities, while 5QQE.L is Nasdaq-100.
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