3QQQ.L vs. GOOO.L
3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) and GOOO.L (IncomeShares Alphabet (GOOG) Options ETP GBP) are both exchange-traded funds - 3QQQ.L is a Leveraged Equities fund actively managed by Leverage Shares, while GOOO.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 3QQQ.L returned 115.72% vs 76.58% for GOOO.L. At a 0.50 correlation, their price movements are largely independent. 3QQQ.L charges 0.01%/yr vs 0.55%/yr for GOOO.L.
Performance
3QQQ.L vs. GOOO.L - Performance Comparison
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Different Trading Currencies
3QQQ.L is traded in USD, while GOOO.L is traded in GBp. To make them comparable, the GOOO.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 GOOO.L's 9.54% return.
3QQQ.L
- 1D
- -1.99%
- 1M
- 21.40%
- YTD
- 55.20%
- 6M
- 47.13%
- 1Y
- 115.72%
- 3Y*
- 56.07%
- 5Y*
- —
- 10Y*
- —
GOOO.L
- 1D
- 3.19%
- 1M
- -4.09%
- YTD
- 9.54%
- 6M
- 9.22%
- 1Y
- 76.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3QQQ.L vs. GOOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 55.20% | 13.90% | 21.01% |
GOOO.L IncomeShares Alphabet (GOOG) Options ETP GBP | 9.55% | 45.40% | 16.72% |
Correlation
The correlation between 3QQQ.L and GOOO.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 (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.50 |
The correlation between 3QQQ.L and GOOO.L shifts across timeframes, from 0.39 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3QQQ.L vs. GOOO.L — Risk / Return Rank
3QQQ.L
GOOO.L
3QQQ.L vs. GOOO.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 GBP (GOOO.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 | GOOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.48 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 4.50 | -2.01 |
| Martin ratioReturn relative to average drawdown | 5.31 | 15.52 | -10.20 |
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 | GOOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 3.10 | -1.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.72 | -1.14 |
Drawdowns
3QQQ.L vs. GOOO.L - Drawdown Comparison
The maximum 3QQQ.L drawdown since its inception was -58.93%, which is greater than GOOO.L's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and GOOO.L.
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Drawdown Indicators
| 3QQQ.L | GOOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -26.78% | -32.15% |
Max Drawdown (1Y)Largest decline over 1 year | -47.89% | -16.93% | -30.96% |
Max Drawdown (3Y)Largest decline over 3 years | -57.67% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -7.56% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -20.59% | -6.17% | -14.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.48% | 4.92% | +17.56% |
Volatility
3QQQ.L vs. GOOO.L - Volatility Comparison
Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) has a higher volatility of 14.43% compared to IncomeShares Alphabet (GOOG) Options ETP GBP (GOOO.L) at 7.76%. This indicates that 3QQQ.L's price experiences larger fluctuations and is considered to be riskier than GOOO.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 | GOOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 7.76% | +6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 33.36% | 16.17% | +17.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.01% | 24.55% | +38.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 25.85% | +37.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.47% | 25.85% | +37.62% |
3QQQ.L vs. GOOO.L - Expense Ratio Comparison
3QQQ.L has a 0.01% expense ratio, which is lower than GOOO.L's 0.55% expense ratio.
Dividends
3QQQ.L vs. GOOO.L - Dividend Comparison
3QQQ.L has not paid dividends to shareholders, while GOOO.L's dividend yield for the trailing twelve months is around 22.21%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 0.00% | 0.00% | 0.00% |
GOOO.L IncomeShares Alphabet (GOOG) Options ETP GBP | 22.21% | 11.49% | 1.94% |
Frequently Asked Questions
3QQQ.L and GOOO.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 0.55% for GOOO.L.
3QQQ.L is categorized as Leveraged Equities, while GOOO.L is Derivative Income. Their fees differ too: 0.01% for 3QQQ.L and 0.55% for GOOO.L.
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