3QQQ.L vs. SPMO
Compare and contrast key facts about Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) and Invesco S&P 500 Momentum ETF (SPMO).
3QQQ.L and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3QQQ.L is an actively managed fund by Leverage Shares. It was launched on Jun 6, 2022. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
3QQQ.L vs. SPMO - Performance Comparison
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3QQQ.L vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | -19.09% | 13.90% | 60.92% | 187.21% | -56.66% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | 1.08% |
Returns By Period
In the year-to-date period, 3QQQ.L achieves a -19.09% return, which is significantly lower than SPMO's -3.77% return.
3QQQ.L
- 1D
- 8.72%
- 1M
- -10.76%
- YTD
- -19.09%
- 6M
- -16.94%
- 1Y
- 36.33%
- 3Y*
- 38.88%
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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3QQQ.L vs. SPMO - Expense Ratio Comparison
3QQQ.L has a 0.01% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
3QQQ.L vs. SPMO — Risk / Return Rank
3QQQ.L
SPMO
3QQQ.L vs. SPMO - 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 Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 1.06 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.60 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.96 | -1.24 |
Martin ratioReturn relative to average drawdown | 1.62 | 6.90 | -5.28 |
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 | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.06 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.86 | -0.59 |
Correlation
The correlation between 3QQQ.L and SPMO is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
3QQQ.L vs. SPMO - Dividend Comparison
3QQQ.L has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.89%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
3QQQ.L vs. SPMO - Drawdown Comparison
The maximum 3QQQ.L drawdown since its inception was -58.93%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and SPMO.
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Drawdown Indicators
| 3QQQ.L | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -30.95% | -27.98% |
Max Drawdown (1Y)Largest decline over 1 year | -47.89% | -12.70% | -35.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -42.24% | -7.31% | -34.93% |
Average DrawdownAverage peak-to-trough decline | -20.85% | -4.66% | -16.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.13% | 3.60% | +17.53% |
Volatility
3QQQ.L vs. SPMO - Volatility Comparison
Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) has a higher volatility of 16.78% compared to Invesco S&P 500 Momentum ETF (SPMO) at 7.22%. This indicates that 3QQQ.L's price experiences larger fluctuations and is considered to be riskier than SPMO 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 | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.78% | 7.22% | +9.56% |
Volatility (6M)Calculated over the trailing 6-month period | 53.33% | 12.80% | +40.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.29% | 22.77% | +47.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.86% | 19.08% | +44.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.86% | 20.09% | +43.77% |