3QQQ.L vs. HQU.TO
3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) and HQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) are both exchange-traded funds - 3QQQ.L is a Leveraged Equities fund actively managed by Leverage Shares, while HQU.TO is a Nasdaq-100 fund managed by Global X. Over the past 3 years, 3QQQ.L returned 56.07%/yr vs 45.11%/yr for HQU.TO. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
3QQQ.L vs. HQU.TO - Performance Comparison
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Different Trading Currencies
3QQQ.L is traded in USD, while HQU.TO is traded in CAD. To make them comparable, the HQU.TO 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 HQU.TO's 38.96% return.
3QQQ.L
- 1D
- -1.99%
- 1M
- 26.97%
- YTD
- 55.20%
- 6M
- 49.56%
- 1Y
- 119.94%
- 3Y*
- 56.07%
- 5Y*
- —
- 10Y*
- —
HQU.TO
- 1D
- -0.83%
- 1M
- 16.07%
- YTD
- 38.96%
- 6M
- 36.70%
- 1Y
- 76.70%
- 3Y*
- 45.11%
- 5Y*
- 19.55%
- 10Y*
- 32.30%
3QQQ.L vs. HQU.TO - 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% |
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF | 38.96% | 32.84% | 28.95% | 118.87% | -36.48% |
Correlation
The correlation between 3QQQ.L and HQU.TO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.59 |
The correlation between 3QQQ.L and HQU.TO has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
3QQQ.L vs. HQU.TO — Risk / Return Rank
3QQQ.L
HQU.TO
3QQQ.L vs. HQU.TO - 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 BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO). 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 | HQU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.06 | -0.57 |
| Martin ratioReturn relative to average drawdown | 5.31 | 11.13 | -5.82 |
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 | HQU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.38 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.17 | +0.41 |
Drawdowns
3QQQ.L vs. HQU.TO - Drawdown Comparison
The maximum 3QQQ.L drawdown since its inception was -58.93%, smaller than the maximum HQU.TO drawdown of -76.46%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and HQU.TO.
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Drawdown Indicators
| 3QQQ.L | HQU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -76.46% | +17.53% |
Max Drawdown (1Y)Largest decline over 1 year | -47.89% | -25.71% | -22.18% |
Max Drawdown (3Y)Largest decline over 3 years | -57.67% | -43.07% | -14.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.30% | — |
Current DrawdownCurrent decline from peak | -2.21% | -0.83% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -20.59% | -33.28% | +12.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.48% | 7.05% | +15.43% |
Volatility
3QQQ.L vs. HQU.TO - Volatility Comparison
Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) has a higher volatility of 14.43% compared to BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) at 9.50%. This indicates that 3QQQ.L's price experiences larger fluctuations and is considered to be riskier than HQU.TO 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 | HQU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 9.50% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 33.36% | 25.40% | +7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.01% | 33.13% | +29.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 47.78% | +15.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.47% | 47.65% | +15.82% |
Dividends
3QQQ.L vs. HQU.TO - Dividend Comparison
Neither 3QQQ.L nor HQU.TO has paid dividends to shareholders.
Frequently Asked Questions
3QQQ.L and HQU.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
3QQQ.L is categorized as Leveraged Equities, while HQU.TO is Nasdaq-100. They also come from different issuers: Leverage Shares and Global X.
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