3SPY.L vs. QQQ5.L

Last updated Jun 6, 2026

3SPY.L (Leverage Shares 3x Long US 500 ETP Securities) and QQQ5.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 3SPY.L is a Leveraged Equities fund actively managed by Leverage Shares, while QQQ5.L is a Nasdaq-100 fund tracking the Invesco QQQ Trust. 3SPY.L is actively managed, while QQQ5.L is passively managed. 3SPY.L charges 0.01%/yr vs 0.75%/yr for QQQ5.L.

Performance

3SPY.L vs. QQQ5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

3SPY.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ5.L

• 1D: -12.11%
• 1M: 17.74%
• YTD: 68.65%
• 6M: 56.00%
• 1Y: 162.18%
• 3Y*: 68.91%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

3SPY.L vs. QQQ5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQ5.L

QQQ5.L Risk / Return Rank: 58
QQQ5.L Sharpe Ratio Rank: 67
QQQ5.L Sortino Ratio Rank: 57
QQQ5.L Omega Ratio Rank: 53
QQQ5.L Calmar Ratio Rank: 62
QQQ5.L Martin Ratio Rank: 50

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.

3SPY.L vs. QQQ5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long US 500 ETP Securities (3SPY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	3SPY.L	QQQ5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.10	—

Drawdowns

Drawdown Indicators

	3SPY.L	QQQ5.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-96.50%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-57.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-80.11%	—
Current Drawdown Current decline from peak	—	-39.93%	—
Average Drawdown Average peak-to-trough decline	—	-75.43%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.76%	—

Volatility

Volatility by Period

	3SPY.L	QQQ5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	60.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	80.69%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	105.30%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	105.30%	—

3SPY.L vs. QQQ5.L - Expense Ratio Comparison

3SPY.L has a 0.01% expense ratio, which is lower than QQQ5.L's 0.75% expense ratio.

Dividends

3SPY.L vs. QQQ5.L - Dividend Comparison

Neither 3SPY.L nor QQQ5.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, 3SPY.L or QQQ5.L?

On fees, 3SPY.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3SPY.L or QQQ5.L?

3SPY.L is cheaper with a 0.01% expense ratio, compared with 0.75% for QQQ5.L.

What is the main difference between 3SPY.L and QQQ5.L?

3SPY.L is categorized as Leveraged Equities, while QQQ5.L is Nasdaq-100. Their fees differ too: 0.01% for 3SPY.L and 0.75% for QQQ5.L.