3QQQ.L vs. QQQ5.L
3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) and QQQ5.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 3QQQ.L is a Leveraged Equities fund actively managed by Leverage Shares, while QQQ5.L is a Nasdaq-100 fund tracking the Invesco QQQ Trust. 3QQQ.L is actively managed, while QQQ5.L is passively managed. Over the past 3 years, 3QQQ.L returned 56.07%/yr vs 74.62%/yr for QQQ5.L. Their correlation of 0.94 suggests significant overlap in exposure. 3QQQ.L charges 0.01%/yr vs 0.75%/yr for QQQ5.L.
Performance
3QQQ.L vs. QQQ5.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3QQQ.L achieves a 55.20% return, which is significantly lower than QQQ5.L's 91.93% return.
3QQQ.L
- 1D
- -1.99%
- 1M
- 26.97%
- YTD
- 55.20%
- 6M
- 49.56%
- 1Y
- 119.94%
- 3Y*
- 56.07%
- 5Y*
- —
- 10Y*
- —
QQQ5.L
- 1D
- -3.75%
- 1M
- 44.54%
- YTD
- 91.93%
- 6M
- 81.30%
- 1Y
- 210.48%
- 3Y*
- 74.62%
- 5Y*
- —
- 10Y*
- —
3QQQ.L vs. QQQ5.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% |
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 91.93% | 2.29% | 74.04% | 430.61% | -75.24% |
Correlation
The correlation between 3QQQ.L and QQQ5.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.94 |
The correlation between 3QQQ.L and QQQ5.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
3QQQ.L vs. QQQ5.L — Risk / Return Rank
3QQQ.L
QQQ5.L
3QQQ.L vs. QQQ5.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 5x Long Nasdaq 100 ETP Securities (QQQ5.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 | QQQ5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.68 | -1.19 |
| Martin ratioReturn relative to average drawdown | 5.31 | 10.11 | -4.79 |
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 | QQQ5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.62 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | -0.04 | +0.62 |
Drawdowns
3QQQ.L vs. QQQ5.L - Drawdown Comparison
The maximum 3QQQ.L drawdown since its inception was -58.93%, smaller than the maximum QQQ5.L drawdown of -96.40%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and QQQ5.L.
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Drawdown Indicators
| 3QQQ.L | QQQ5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -96.40% | +37.47% |
Max Drawdown (1Y)Largest decline over 1 year | -47.89% | -56.84% | +8.95% |
Max Drawdown (3Y)Largest decline over 3 years | -57.67% | -80.09% | +22.42% |
Current DrawdownCurrent decline from peak | -2.21% | -31.58% | +29.37% |
Average DrawdownAverage peak-to-trough decline | -20.59% | -75.53% | +54.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.48% | 20.72% | +1.76% |
Volatility
3QQQ.L vs. QQQ5.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) is 14.43%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) has a volatility of 24.82%. This indicates that 3QQQ.L experiences smaller price fluctuations and is considered to be less risky than QQQ5.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 | QQQ5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 24.82% | -10.39% |
Volatility (6M)Calculated over the trailing 6-month period | 33.36% | 58.83% | -25.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.01% | 79.70% | -16.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 106.00% | -42.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.47% | 106.00% | -42.53% |
3QQQ.L vs. QQQ5.L - Expense Ratio Comparison
3QQQ.L has a 0.01% expense ratio, which is lower than QQQ5.L's 0.75% expense ratio.
Dividends
3QQQ.L vs. QQQ5.L - Dividend Comparison
Neither 3QQQ.L nor QQQ5.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 3QQQ.L and QQQ5.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 QQQ5.L.
3QQQ.L is categorized as Leveraged Equities, while QQQ5.L is Nasdaq-100. Their fees differ too: 0.01% for 3QQQ.L and 0.75% for QQQ5.L.
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