3NFE.L vs. 5QQE.L

Last updated Jun 26, 2026

3NFE.L (Leverage Shares 3x Netflix ETP Securities EUR) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both exchange-traded funds - 3NFE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X NFLX Index, while 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3NFE.L is passively managed, while 5QQE.L is actively managed. Over the past 3 years, 3NFE.L returned 334.61%/yr vs 55.11%/yr for 5QQE.L. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

3NFE.L vs. 5QQE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3NFE.L achieves a -63.59% return, which is significantly lower than 5QQE.L's 50.96% return.

3NFE.L

• 1D: -0.95%
• 1M: -44.91%
• YTD: -63.59%
• 6M: -63.49%
• 1Y: -89.25%
• 3Y*: 334.61%
• 5Y*: 13.68%
• 10Y*: —

5QQE.L

• 1D: -3.66%
• 1M: -17.13%
• YTD: 50.96%
• 6M: 45.40%
• 1Y: 119.44%
• 3Y*: 55.11%
• 5Y*: —
• 10Y*: —

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

3NFE.L vs. 5QQE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR	-63.59%	-42.85%	343.46%	23,288.32%	-99.41%	5.98%
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 3NFE.L and 5QQE.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 (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021	0.48

Over the past year, the correlation between 3NFE.L and 5QQE.L has dropped to 0.14 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

3NFE.L vs. 5QQE.L - Sectors Allocation Comparison

Sectors	3NFE.L	5QQE.L
Communication Services	100.0%	14.5%
Basic Materials	-	1.0%
Consumer Cyclical	-	11.6%
Consumer Defensive	-	6.6%
Energy	-	0.5%
Financial Services	-	0.2%
Healthcare	-	3.7%
Industrials	-	2.6%
Real Estate	-	0.1%
Technology	-	58.0%
Utilities	-	1.2%

Return for Risk

3NFE.L vs. 5QQE.L — Risk / Return Rank

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

3NFE.L

3NFE.L Risk / Return Rank: 1
3NFE.L Sharpe Ratio Rank: 2
3NFE.L Sortino Ratio Rank: 0
3NFE.L Omega Ratio Rank: 0
3NFE.L Calmar Ratio Rank: 0
3NFE.L Martin Ratio Rank: 2

5QQE.L

5QQE.L Risk / Return Rank: 44
5QQE.L Sharpe Ratio Rank: 45
5QQE.L Sortino Ratio Rank: 45
5QQE.L Omega Ratio Rank: 43
5QQE.L Calmar Ratio Rank: 47
5QQE.L Martin Ratio Rank: 39

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.

3NFE.L vs. 5QQE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Netflix ETP Securities EUR (3NFE.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.

	3NFE.L	5QQE.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	1.44	-2.37
Sortino ratio: Return per unit of downside risk	-2.32	2.07	-4.39
Omega ratio: Gain probability vs. loss probability	0.71	1.26	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.99	2.12	-3.11
Martin ratio: Return relative to average drawdown	-1.41	5.61	-7.03

3NFE.L vs. 5QQE.L - Sharpe Ratio Comparison

The current 3NFE.L Sharpe Ratio is -0.94, which is lower than the 5QQE.L Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of 3NFE.L and 5QQE.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.

Drawdowns

3NFE.L vs. 5QQE.L - Drawdown Comparison

The maximum 3NFE.L drawdown since its inception was -99.84%, roughly equal to the maximum 5QQE.L drawdown of -96.05%. Use the drawdown chart below to compare losses from any high point for 3NFE.L and 5QQE.L.

Drawdown Indicators

	3NFE.L	5QQE.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.84%	-96.05%	-3.79%
Max Drawdown (1Y) Largest decline over 1 year	-90.13%	-56.00%	-34.13%
Max Drawdown (3Y) Largest decline over 3 years	-90.13%	-80.99%	-9.14%
Max Drawdown (5Y) Largest decline over 5 years	-99.84%	—	—
Current Drawdown Current decline from peak	-90.13%	-46.75%	-43.38%
Average Drawdown Average peak-to-trough decline	-51.39%	-73.12%	+21.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	63.30%	21.20%	+42.10%

Volatility

3NFE.L vs. 5QQE.L - Volatility Comparison

The current volatility for Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) is 22.62%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a volatility of 33.41%. This indicates that 3NFE.L experiences smaller price fluctuations and is considered to be less risky than 5QQE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3NFE.L	5QQE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.62%	33.41%	-10.79%
Volatility (6M) Calculated over the trailing 6-month period	77.54%	64.29%	+13.25%
Volatility (1Y) Calculated over the trailing 1-year period	95.21%	82.61%	+12.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3,364.49%	106.60%	+3,257.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,054.31%	106.60%	+2,947.71%

3NFE.L vs. 5QQE.L - Expense Ratio Comparison

Both 3NFE.L and 5QQE.L have an expense ratio of 0.75%.

Dividends

3NFE.L vs. 5QQE.L - Dividend Comparison

Neither 3NFE.L nor 5QQE.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR	0.00%	0.00%	0.00%	0.00%	195.88%
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 3NFE.L and 5QQE.L in my portfolio?

3NFE.L and 5QQE.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.

Which ETF is better, 3NFE.L or 5QQE.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, 3NFE.L or 5QQE.L?

3NFE.L and 5QQE.L have the same expense ratio: 0.75% per year.

What is the main difference between 3NFE.L and 5QQE.L?

3NFE.L is categorized as Leveraged Equities, while 5QQE.L is Nasdaq-100.