3NIE.L vs. QQQY.L
3NIE.L (Leverage Shares 3x Long NIO ETP Securities) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both exchange-traded funds - 3NIE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x NIO Index, while QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares. 3NIE.L is passively managed, while QQQY.L is actively managed. Over the past year, 3NIE.L returned -23.89% vs 29.43% for QQQY.L. At a 0.20 correlation, their price movements are largely independent. 3NIE.L charges 0.75%/yr vs 0.45%/yr for QQQY.L.
Performance
3NIE.L vs. QQQY.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3NIE.L achieves a -41.42% return, which is significantly lower than QQQY.L's 13.80% return.
3NIE.L
- 1D
- -17.01%
- 1M
- -30.92%
- YTD
- -41.42%
- 6M
- -33.98%
- 1Y
- -23.89%
- 3Y*
- 19.74%
- 5Y*
- —
- 10Y*
- —
QQQY.L
- 1D
- -1.10%
- 1M
- 4.37%
- YTD
- 13.80%
- 6M
- 13.54%
- 1Y
- 29.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3NIE.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3NIE.L Leverage Shares 3x Long NIO ETP Securities | -41.42% | 21,648.40% | -12.01% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 13.80% | 14.17% | -2.12% |
Correlation
The correlation between 3NIE.L and QQQY.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.20 |
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Return for Risk
3NIE.L vs. QQQY.L — Risk / Return Rank
3NIE.L
QQQY.L
3NIE.L vs. QQQY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long NIO ETP Securities (3NIE.L) and IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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.
| 3NIE.L | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.40 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 4.02 | -4.29 |
| Martin ratioReturn relative to average drawdown | -0.39 | 14.96 | -15.36 |
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
| 3NIE.L | QQQY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 2.24 | -2.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.66 | -0.67 |
Drawdowns
3NIE.L vs. QQQY.L - Drawdown Comparison
The maximum 3NIE.L drawdown since its inception was -100.00%, which is greater than QQQY.L's maximum drawdown of -19.38%. Use the drawdown chart below to compare losses from any high point for 3NIE.L and QQQY.L.
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Drawdown Indicators
| 3NIE.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -19.38% | -80.62% |
Max Drawdown (1Y)Largest decline over 1 year | -87.45% | -7.29% | -80.16% |
Max Drawdown (3Y)Largest decline over 3 years | -99.86% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -2.19% | -97.75% |
Average DrawdownAverage peak-to-trough decline | -96.84% | -3.84% | -93.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.58% | 1.96% | +58.62% |
Volatility
3NIE.L vs. QQQY.L - Volatility Comparison
Leverage Shares 3x Long NIO ETP Securities (3NIE.L) has a higher volatility of 59.79% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) at 4.81%. This indicates that 3NIE.L's price experiences larger fluctuations and is considered to be riskier than QQQY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3NIE.L | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 59.79% | 4.81% | +54.98% |
Volatility (6M)Calculated over the trailing 6-month period | 120.67% | 10.38% | +110.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 180.08% | 13.07% | +167.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29,796.18% | 21.89% | +29,774.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29,796.18% | 21.89% | +29,774.29% |
3NIE.L vs. QQQY.L - Expense Ratio Comparison
3NIE.L has a 0.75% expense ratio, which is higher than QQQY.L's 0.45% expense ratio.
Dividends
3NIE.L vs. QQQY.L - Dividend Comparison
3NIE.L has not paid dividends to shareholders, while QQQY.L's dividend yield for the trailing twelve months is around 68.52%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3NIE.L Leverage Shares 3x Long NIO ETP Securities | 0.00% | 0.00% | 0.00% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 68.52% | 120.63% | 8.51% |
Frequently Asked Questions
3NIE.L and QQQY.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 3NIE.L.
3NIE.L is categorized as Leveraged Equities, while QQQY.L is Nasdaq-100. Their fees differ too: 0.75% for 3NIE.L and 0.45% for QQQY.L.
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