3NFL.L vs. 5QQQ.L

Last updated Jun 27, 2026

3NFL.L (Leverage Shares 3x Netflix ETP Securities GBP) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 3NFL.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X NFLX Index, while 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3NFL.L is passively managed, while 5QQQ.L is actively managed. Over the past 3 years, 3NFL.L returned 354.87%/yr vs 55.33%/yr for 5QQQ.L. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

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

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Netflix ETP Securities GBP (3NFL.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, 3NFL.L achieves a -60.66% return, which is significantly lower than 5QQQ.L's 48.26% return.

3NFL.L

• 1D: 9.63%
• 1M: -41.67%
• YTD: -60.66%
• 6M: -60.53%
• 1Y: -88.44%
• 3Y*: 354.87%
• 5Y*: 13.15%
• 10Y*: —

5QQQ.L

• 1D: -0.63%
• 1M: -16.90%
• YTD: 48.26%
• 6M: 43.31%
• 1Y: 118.42%
• 3Y*: 55.33%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
3NFL.L Leverage Shares 3x Netflix ETP Securities GBP	-60.66%	-39.94%	323.42%	22,926.07%	-99.45%	4.21%
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	48.26%	-4.78%	76.84%	401.35%	-95.59%	15.05%

Correlation

The correlation between 3NFL.L and 5QQQ.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021	0.48

Over the past year, the correlation between 3NFL.L and 5QQQ.L has dropped to 0.12 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

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

Sectors	3NFL.L	5QQQ.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

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

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

3NFL.L

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

5QQQ.L

5QQQ.L Risk / Return Rank: 45
5QQQ.L Sharpe Ratio Rank: 46
5QQQ.L Sortino Ratio Rank: 47
5QQQ.L Omega Ratio Rank: 44
5QQQ.L Calmar Ratio Rank: 47
5QQQ.L Martin Ratio Rank: 38

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.

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

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

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.

	3NFL.L	5QQQ.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	1.45	-2.37
Sortino ratio: Return per unit of downside risk	-2.20	2.09	-4.28
Omega ratio: Gain probability vs. loss probability	0.72	1.26	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.98	2.08	-3.06
Martin ratio: Return relative to average drawdown	-1.40	5.42	-6.82

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

The current 3NFL.L Sharpe Ratio is -0.92, which is lower than the 5QQQ.L Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of 3NFL.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.

Drawdowns

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

The maximum 3NFL.L drawdown since its inception was -99.86%, roughly equal to the maximum 5QQQ.L drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for 3NFL.L and 5QQQ.L.

Drawdown Indicators

	3NFL.L	5QQQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.86%	-95.97%	-3.89%
Max Drawdown (1Y) Largest decline over 1 year	-90.07%	-56.68%	-33.39%
Max Drawdown (3Y) Largest decline over 3 years	-90.07%	-80.23%	-9.84%
Max Drawdown (5Y) Largest decline over 5 years	-99.85%	—	—
Current Drawdown Current decline from peak	-89.12%	-47.13%	-41.99%
Average Drawdown Average peak-to-trough decline	-52.37%	-74.14%	+21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.74%	21.79%	+40.95%

Volatility

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

The current volatility for Leverage Shares 3x Netflix ETP Securities GBP (3NFL.L) is 25.23%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) has a volatility of 31.48%. This indicates that 3NFL.L experiences smaller price fluctuations and is considered to be less risky than 5QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3NFL.L	5QQQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.23%	31.48%	-6.25%
Volatility (6M) Calculated over the trailing 6-month period	78.60%	63.72%	+14.88%
Volatility (1Y) Calculated over the trailing 1-year period	95.56%	81.46%	+14.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3,346.22%	103.47%	+3,242.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,038.16%	103.47%	+2,934.69%

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

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

Dividends

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

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

3NFL.L and 5QQQ.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

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