3MSE.L vs. 5QQQ.L
3MSE.L (Leverage Shares 3x Microsoft ETP EUR) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 3MSE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X MSFT Index, while 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3MSE.L is passively managed, while 5QQQ.L is actively managed. Over the past 3 years, 3MSE.L returned -9.58%/yr vs 69.61%/yr for 5QQQ.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3MSE.L vs. 5QQQ.L - Performance Comparison
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Different Trading Currencies
3MSE.L is traded in EUR, while 5QQQ.L is traded in GBp. To make them comparable, the 5QQQ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3MSE.L achieves a -43.10% return, which is significantly lower than 5QQQ.L's 93.79% return.
3MSE.L
- 1D
- 1.70%
- 1M
- 11.46%
- YTD
- -43.10%
- 6M
- -41.34%
- 1Y
- -44.84%
- 3Y*
- -9.58%
- 5Y*
- 2.59%
- 10Y*
- —
5QQQ.L
- 1D
- -3.45%
- 1M
- 45.75%
- YTD
- 93.79%
- 6M
- 81.61%
- 1Y
- 205.32%
- 3Y*
- 69.61%
- 5Y*
- —
- 10Y*
- —
3MSE.L vs. 5QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -43.10% | -6.09% | 20.99% | 175.47% | -76.35% | 13.52% |
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 93.79% | -9.75% | 85.36% | 412.01% | -95.82% | 16.61% |
Correlation
The correlation between 3MSE.L and 5QQQ.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.69 |
Over the past year, the correlation between 3MSE.L and 5QQQ.L has dropped to 0.43 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
3MSE.L vs. 5QQQ.L — Risk / Return Rank
3MSE.L
5QQQ.L
3MSE.L vs. 5QQQ.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 (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.
| 3MSE.L | 5QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.36 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 3.27 | -3.86 |
| Martin ratioReturn relative to average drawdown | -1.02 | 7.48 | -8.51 |
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
| 3MSE.L | 5QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 2.28 | -2.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.04 | +0.07 |
Drawdowns
3MSE.L vs. 5QQQ.L - Drawdown Comparison
The maximum 3MSE.L drawdown since its inception was -82.27%, smaller than the maximum 5QQQ.L drawdown of -96.17%. Use the drawdown chart below to compare losses from any high point for 3MSE.L and 5QQQ.L.
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Drawdown Indicators
| 3MSE.L | 5QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.27% | -96.17% | +13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -76.12% | -62.29% | -13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -76.12% | -80.98% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -82.27% | — | — |
Current DrawdownCurrent decline from peak | -62.77% | -33.59% | -29.18% |
Average DrawdownAverage peak-to-trough decline | -37.79% | -75.07% | +37.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.75% | 27.31% | +16.44% |
Volatility
3MSE.L vs. 5QQQ.L - Volatility Comparison
Leverage Shares 3x Microsoft ETP EUR (3MSE.L) has a higher volatility of 30.73% compared to Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) at 23.51%. This indicates that 3MSE.L's price experiences larger fluctuations and is considered to be riskier than 5QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3MSE.L | 5QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.73% | 23.51% | +7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 75.06% | 57.32% | +17.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.14% | 89.40% | -10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.61% | 106.19% | -27.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.17% | 106.19% | -26.02% |
3MSE.L vs. 5QQQ.L - Expense Ratio Comparison
Both 3MSE.L and 5QQQ.L have an expense ratio of 0.75%.
Dividends
3MSE.L vs. 5QQQ.L - Dividend Comparison
Neither 3MSE.L nor 5QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
3MSE.L and 5QQQ.L have a correlation of 0.43, 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 5QQQ.L have the same expense ratio: 0.75% per year.
3MSE.L is categorized as Leveraged Equities, while 5QQQ.L is Nasdaq-100.
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