3QQQ.L vs. 3NFE.L
3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) and 3NFE.L (Leverage Shares 3x Netflix ETP Securities EUR) are both Leveraged Equities funds from Leverage Shares. 3QQQ.L is actively managed, while 3NFE.L is passively managed. Over the past 3 years, 3QQQ.L returned 56.07%/yr vs 22.61%/yr for 3NFE.L. At a 0.47 correlation, their price movements are largely independent. 3QQQ.L charges 0.01%/yr vs 0.75%/yr for 3NFE.L.
Performance
3QQQ.L vs. 3NFE.L - Performance Comparison
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Different Trading Currencies
3QQQ.L is traded in USD, while 3NFE.L is traded in EUR. To make them comparable, the 3NFE.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 3NFE.L's -46.35% return.
3QQQ.L
- 1D
- -1.99%
- 1M
- 26.97%
- YTD
- 55.20%
- 6M
- 49.56%
- 1Y
- 119.94%
- 3Y*
- 56.07%
- 5Y*
- —
- 10Y*
- —
3NFE.L
- 1D
- 2.76%
- 1M
- -20.89%
- YTD
- -46.35%
- 6M
- -60.11%
- 1Y
- -82.17%
- 3Y*
- 22.61%
- 5Y*
- -47.64%
- 10Y*
- —
3QQQ.L vs. 3NFE.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% |
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR | -46.35% | -35.17% | 315.98% | 221.74% | 53.53% |
Correlation
The correlation between 3QQQ.L and 3NFE.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.47 |
Over the past year, the correlation between 3QQQ.L and 3NFE.L has dropped to 0.15 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
3QQQ.L vs. 3NFE.L — Risk / Return Rank
3QQQ.L
3NFE.L
3QQQ.L vs. 3NFE.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 Netflix ETP Securities EUR (3NFE.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 | 3NFE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +4.32 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.78 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | -0.95 | +3.44 |
| Martin ratioReturn relative to average drawdown | 5.31 | -1.37 | +6.69 |
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 | 3NFE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | -0.86 | +2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | -0.34 | +0.93 |
Drawdowns
3QQQ.L vs. 3NFE.L - Drawdown Comparison
The maximum 3QQQ.L drawdown since its inception was -58.93%, smaller than the maximum 3NFE.L drawdown of -99.87%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and 3NFE.L.
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Drawdown Indicators
| 3QQQ.L | 3NFE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -99.87% | +40.94% |
Max Drawdown (1Y)Largest decline over 1 year | -47.89% | -86.30% | +38.41% |
Max Drawdown (3Y)Largest decline over 3 years | -57.67% | -86.30% | +28.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.87% | — |
Current DrawdownCurrent decline from peak | -2.21% | -98.41% | +96.20% |
Average DrawdownAverage peak-to-trough decline | -20.59% | -81.60% | +61.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.48% | 59.78% | -37.30% |
Volatility
3QQQ.L vs. 3NFE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) is 14.43%, while Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) has a volatility of 22.43%. This indicates that 3QQQ.L experiences smaller price fluctuations and is considered to be less risky than 3NFE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3QQQ.L | 3NFE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 22.43% | -8.00% |
Volatility (6M)Calculated over the trailing 6-month period | 33.36% | 78.14% | -44.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.01% | 95.54% | -32.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 125.72% | -62.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.47% | 123.61% | -60.14% |
3QQQ.L vs. 3NFE.L - Expense Ratio Comparison
3QQQ.L has a 0.01% expense ratio, which is lower than 3NFE.L's 0.75% expense ratio.
Dividends
3QQQ.L vs. 3NFE.L - Dividend Comparison
Neither 3QQQ.L nor 3NFE.L has paid dividends to shareholders.
Frequently Asked Questions
3QQQ.L and 3NFE.L have a correlation of 0.15, 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 3NFE.L.
Their fees differ too: 0.01% for 3QQQ.L and 0.75% for 3NFE.L.
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