3USL.L vs. QDVE.DE
3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - 3USL.L is a Leveraged Equities fund tracking the S&P 500 Net Total Returns Index, while QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, 3USL.L returned 28.56%/yr vs 26.01%/yr for QDVE.DE. Their correlation of 0.81 suggests significant overlap in exposure. 3USL.L charges 0.75%/yr vs 0.15%/yr for QDVE.DE.
Performance
3USL.L vs. QDVE.DE - Performance Comparison
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Different Trading Currencies
3USL.L is traded in USD, while QDVE.DE is traded in EUR. To make them comparable, the QDVE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3USL.L achieves a 18.08% return, which is significantly higher than QDVE.DE's 17.00% return. Over the past 10 years, 3USL.L has outperformed QDVE.DE with an annualized return of 28.56%, while QDVE.DE has yielded a comparatively lower 26.01% annualized return.
3USL.L
- 1D
- 6.35%
- 1M
- -0.19%
- YTD
- 18.08%
- 6M
- 20.99%
- 1Y
- 63.47%
- 3Y*
- 45.11%
- 5Y*
- 20.58%
- 10Y*
- 28.56%
QDVE.DE
- 1D
- 2.41%
- 1M
- 1.33%
- YTD
- 17.00%
- 6M
- 19.03%
- 1Y
- 42.33%
- 3Y*
- 31.42%
- 5Y*
- 22.64%
- 10Y*
- 26.01%
3USL.L vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 18.08% | 28.97% | 63.99% | 70.50% | -57.35% | 101.78% | 7.90% | 97.95% | -26.23% | 66.85% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 17.00% | 24.19% | 37.73% | 59.04% | -29.90% | 35.16% | 42.34% | 50.64% | -1.76% | 37.99% |
Correlation
The correlation between 3USL.L and QDVE.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.81 |
The correlation between 3USL.L and QDVE.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
3USL.L vs. QDVE.DE — Risk / Return Rank
3USL.L
QDVE.DE
3USL.L vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3USL.L | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.56 | -0.06 |
| Martin ratioReturn relative to average drawdown | 9.77 | 7.56 | +2.21 |
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Drawdowns
3USL.L vs. QDVE.DE - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, which is greater than QDVE.DE's maximum drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for 3USL.L and QDVE.DE.
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Drawdown Indicators
| 3USL.L | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -33.59% | -43.13% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -16.48% | -8.81% |
Max Drawdown (3Y)Largest decline over 3 years | -48.69% | -26.14% | -22.55% |
Max Drawdown (5Y)Largest decline over 5 years | -63.46% | -33.59% | -29.87% |
Max Drawdown (10Y)Largest decline over 10 years | -76.72% | -33.59% | -43.13% |
Current DrawdownCurrent decline from peak | -7.35% | -7.66% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -14.74% | -5.95% | -8.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.48% | 5.58% | +0.90% |
Volatility
3USL.L vs. QDVE.DE - Volatility Comparison
WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) has a higher volatility of 12.06% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 8.28%. This indicates that 3USL.L's price experiences larger fluctuations and is considered to be riskier than QDVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3USL.L | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 8.28% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 26.74% | 16.00% | +10.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.50% | 20.96% | +14.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.54% | 23.50% | +24.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.58% | 22.06% | +26.52% |
3USL.L vs. QDVE.DE - Expense Ratio Comparison
3USL.L has a 0.75% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
3USL.L vs. QDVE.DE - Dividend Comparison
Neither 3USL.L nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
3USL.L and QDVE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.75% for 3USL.L.
3USL.L is categorized as Leveraged Equities, while QDVE.DE is Technology Equities. 3USL.L tracks S&P 500 Net Total Returns Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.75% for 3USL.L and 0.15% for QDVE.DE.
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