3QQQ.L vs. GOOI.L
3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) and GOOI.L (IncomeShares Alphabet (GOOG) Options ETP) are both exchange-traded funds - 3QQQ.L is a Leveraged Equities fund actively managed by Leverage Shares, while GOOI.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 3QQQ.L returned 67.45% vs 56.51% for GOOI.L. At a 0.49 correlation, their price movements are largely independent. 3QQQ.L charges 0.01%/yr vs 0.55%/yr for GOOI.L.
Performance
3QQQ.L vs. GOOI.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3QQQ.L achieves a 38.71% return, which is significantly higher than GOOI.L's 7.59% return.
3QQQ.L
- 1D
- 0.00%
- 1M
- -9.96%
- 6M
- 39.38%
- YTD
- 38.71%
- 1Y
- 67.45%
- 3Y*
- 44.14%
- 5Y*
- —
- 10Y*
- —
GOOI.L
- 1D
- 0.00%
- 1M
- -2.48%
- 6M
- 1.96%
- YTD
- 7.59%
- 1Y
- 56.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3QQQ.L vs. GOOI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 38.71% | 13.90% | 14.98% |
GOOI.L IncomeShares Alphabet (GOOG) Options ETP | 7.59% | 45.15% | 16.36% |
Correlation
The correlation between 3QQQ.L and GOOI.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.49 |
The correlation between 3QQQ.L and GOOI.L shifts across timeframes, from 0.37 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3QQQ.L vs. GOOI.L — Risk / Return Rank
3QQQ.L
GOOI.L
3QQQ.L vs. GOOI.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 IncomeShares Alphabet (GOOG) Options ETP (GOOI.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.
| 3QQQ.L | GOOI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 3.40 | -1.99 |
| Martin ratioReturn relative to average drawdown | 2.97 | 9.70 | -6.73 |
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Drawdowns
3QQQ.L vs. GOOI.L - Drawdown Comparison
The maximum 3QQQ.L drawdown since its inception was -58.93%, which is greater than GOOI.L's maximum drawdown of -26.69%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and GOOI.L.
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Drawdown Indicators
| 3QQQ.L | GOOI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -26.69% | -32.24% |
Max Drawdown (1Y)Largest decline over 1 year | -47.89% | -16.53% | -31.36% |
Max Drawdown (3Y)Largest decline over 3 years | -57.67% | — | — |
Current DrawdownCurrent decline from peak | -12.60% | -8.81% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -20.29% | -6.45% | -13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.72% | 5.81% | +16.91% |
Volatility
3QQQ.L vs. GOOI.L - Volatility Comparison
Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) has a higher volatility of 17.54% compared to IncomeShares Alphabet (GOOG) Options ETP (GOOI.L) at 8.68%. This indicates that 3QQQ.L's price experiences larger fluctuations and is considered to be riskier than GOOI.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 | GOOI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.54% | 8.68% | +8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 39.83% | 18.46% | +21.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.73% | 25.68% | +41.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.65% | 26.63% | +37.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.65% | 26.63% | +37.02% |
3QQQ.L vs. GOOI.L - Expense Ratio Comparison
3QQQ.L has a 0.01% expense ratio, which is lower than GOOI.L's 0.55% expense ratio.
Dividends
3QQQ.L vs. GOOI.L - Dividend Comparison
3QQQ.L has not paid dividends to shareholders, while GOOI.L's dividend yield for the trailing twelve months is around 25.96%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 0.00% | 0.00% | 0.00% |
GOOI.L IncomeShares Alphabet (GOOG) Options ETP | 25.96% | 11.19% | 2.00% |
Frequently Asked Questions
3QQQ.L and GOOI.L have a correlation of 0.37, 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 0.55% for GOOI.L.
3QQQ.L is categorized as Leveraged Equities, while GOOI.L is Derivative Income. Their fees differ too: 0.01% for 3QQQ.L and 0.55% for GOOI.L.
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