3QQQ.L vs. 3APE.L
3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) and 3APE.L (Leverage Shares 3x Apple ETC EUR) are both Leveraged Equities funds from Leverage Shares. 3QQQ.L is actively managed, while 3APE.L is passively managed. Over the past 3 years, 3QQQ.L returned 56.07%/yr vs 19.27%/yr for 3APE.L. A 0.59 correlation means they provide meaningful diversification when combined. 3QQQ.L charges 0.01%/yr vs 0.75%/yr for 3APE.L.
Performance
3QQQ.L vs. 3APE.L - Performance Comparison
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Different Trading Currencies
3QQQ.L is traded in USD, while 3APE.L is traded in EUR. To make them comparable, the 3APE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3QQQ.L achieves a 55.20% return, which is significantly higher than 3APE.L's 29.80% return.
3QQQ.L
- 1D
- -1.99%
- 1M
- 26.97%
- YTD
- 55.20%
- 6M
- 49.56%
- 1Y
- 119.94%
- 3Y*
- 56.07%
- 5Y*
- —
- 10Y*
- —
3APE.L
- 1D
- -1.15%
- 1M
- 33.33%
- YTD
- 29.80%
- 6M
- 17.74%
- 1Y
- 160.23%
- 3Y*
- 19.27%
- 5Y*
- 23.80%
- 10Y*
- —
3QQQ.L vs. 3APE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 55.20% | 13.90% | 60.92% | 187.21% | -56.66% |
3APE.L Leverage Shares 3x Apple ETC EUR | 29.80% | -22.68% | 67.09% | 165.81% | -48.34% |
Correlation
The correlation between 3QQQ.L and 3APE.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.59 |
The correlation between 3QQQ.L and 3APE.L shifts across timeframes, from 0.39 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3QQQ.L vs. 3APE.L — Risk / Return Rank
3QQQ.L
3APE.L
3QQQ.L vs. 3APE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) and Leverage Shares 3x Apple ETC EUR (3APE.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.
| 3QQQ.L | 3APE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.81 | -1.32 |
| Martin ratioReturn relative to average drawdown | 5.31 | 8.84 | -3.53 |
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
| 3QQQ.L | 3APE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.30 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.31 | +0.28 |
Drawdowns
3QQQ.L vs. 3APE.L - Drawdown Comparison
The maximum 3QQQ.L drawdown since its inception was -58.93%, smaller than the maximum 3APE.L drawdown of -78.44%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and 3APE.L.
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Drawdown Indicators
| 3QQQ.L | 3APE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -78.44% | +19.51% |
Max Drawdown (1Y)Largest decline over 1 year | -47.89% | -41.80% | -6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -57.67% | -72.59% | +14.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.44% | — |
Current DrawdownCurrent decline from peak | -2.21% | -2.79% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -20.59% | -37.05% | +16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.48% | 18.04% | +4.44% |
Volatility
3QQQ.L vs. 3APE.L - Volatility Comparison
Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) and Leverage Shares 3x Apple ETC EUR (3APE.L) have volatilities of 14.43% and 15.01%, 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
| 3QQQ.L | 3APE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 15.01% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 33.36% | 49.91% | -16.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.01% | 69.30% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 80.88% | -17.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.47% | 85.19% | -21.72% |
3QQQ.L vs. 3APE.L - Expense Ratio Comparison
3QQQ.L has a 0.01% expense ratio, which is lower than 3APE.L's 0.75% expense ratio.
Dividends
3QQQ.L vs. 3APE.L - Dividend Comparison
Neither 3QQQ.L nor 3APE.L has paid dividends to shareholders.
Frequently Asked Questions
3QQQ.L and 3APE.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3QQQ.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3QQQ.L is cheaper with a 0.01% expense ratio, compared with 0.75% for 3APE.L.
Their fees differ too: 0.01% for 3QQQ.L and 0.75% for 3APE.L.
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