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3QQQ.L vs. TQQQ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

3QQQ.L vs. TQQQ

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) and ProShares UltraPro QQQ (TQQQ).

3QQQ.L and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.

Performance

3QQQ.L vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

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3QQQ.L vs. TQQQ - Yearly Performance Comparison

2026 (YTD)2025202420232022
3QQQ.L
Leverage Shares 3x Long US Tech 100 ETP Securities		-19.09%13.90%60.92%187.21%-56.66%
TQQQ
ProShares UltraPro QQQ		-17.87%34.35%58.27%198.04%-46.56%

Returns By Period

In the year-to-date period, 3QQQ.L achieves a -19.09% return, which is significantly lower than TQQQ's -17.87% return.

3QQQ.L

1D
8.72%
1M
-10.76%
YTD
-19.09%
6M
-16.94%
1Y
36.33%
3Y*
38.88%
5Y*
—
10Y*
—

TQQQ

1D
3.72%
1M
-12.88%
YTD
-17.87%
6M
-17.28%
1Y
48.52%
3Y*
46.87%
5Y*
13.55%
10Y*
35.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Leverage Shares 3x Long US Tech 100 ETP Securities

ProShares UltraPro QQQ

Often compared with 3QQQ.L:
3QQQ.L vs. QQQ3.L3QQQ.L vs. QQQ3QQQ.L vs. MAG7.L3QQQ.L vs. SPMO3QQQ.L vs. SPY3QQQ.L vs. QDVE.DE3QQQ.L vs. VGT
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. SPXLTQQQ vs. UPROTQQQ vs. TECL

3QQQ.L vs. TQQQ - Expense Ratio Comparison

3QQQ.L has a 0.01% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

TQQQ
ProShares UltraPro QQQ
3QQQ.L
Leverage Shares 3x Long US Tech 100 ETP Securities

Return for Risk

3QQQ.L vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
3QQQ.L
3QQQ.L Risk / Return Rank: 3333
Overall Rank
3QQQ.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
3QQQ.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
3QQQ.L Omega Ratio Rank: 4343
Omega Ratio Rank
3QQQ.L Calmar Ratio Rank: 2828
Calmar Ratio Rank
3QQQ.L Martin Ratio Rank: 2323
Martin Ratio Rank
TQQQ
TQQQ Risk / Return Rank: 4747
Overall Rank
TQQQ Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 5151
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 5050
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3QQQ.L vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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.LTQQQDifference

Sharpe ratio

Return per unit of total volatility

0.52

0.72

-0.21

Sortino ratio

Return per unit of downside risk

1.26

1.41

-0.15

Omega ratio

Gain probability vs. loss probability

1.18

1.20

-0.02

Calmar ratio

Return relative to maximum drawdown

0.72

1.41

-0.69

Martin ratio

Return relative to average drawdown

1.62

4.28

-2.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3QQQ.L vs. TQQQ - Sharpe Ratio Comparison

The current 3QQQ.L Sharpe Ratio is 0.52, which is comparable to the TQQQ Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of 3QQQ.L and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

3QQQ.LTQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.52

0.72

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.20

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.65

-0.37

Correlation

The correlation between 3QQQ.L and TQQQ is 0.61, 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. TQQQ - Dividend Comparison

3QQQ.L has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.73%.

TTM20252024202320222021202020192018201720162015
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%
TQQQ
ProShares UltraPro QQQ		0.73%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Drawdowns

3QQQ.L vs. TQQQ - Drawdown Comparison

The maximum 3QQQ.L drawdown since its inception was -58.93%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and TQQQ.

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Drawdown Indicators

3QQQ.LTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-58.93%

-81.66%

+22.73%

Max Drawdown (1Y)

Largest decline over 1 year

-47.89%

-36.97%

-10.92%

Max Drawdown (5Y)

Largest decline over 5 years

—

-81.66%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-81.66%

—

Current Drawdown

Current decline from peak

-42.24%

-28.08%

-14.16%

Average Drawdown

Average peak-to-trough decline

-20.85%

-18.66%

-2.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.13%

12.13%

+9.00%

Volatility

3QQQ.L vs. TQQQ - Volatility Comparison

The current volatility for Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) is 16.78%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.74%. This indicates that 3QQQ.L experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

3QQQ.LTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.78%

19.74%

-2.96%

Volatility (6M)

Calculated over the trailing 6-month period

53.33%

38.50%

+14.83%

Volatility (1Y)

Calculated over the trailing 1-year period

70.29%

67.35%

+2.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

63.86%

66.53%

-2.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

63.86%

65.83%

-1.97%