3USL.L vs. TQQQ
Compare and contrast key facts about WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and ProShares UltraPro QQQ (TQQQ).
3USL.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. 3USL.L is managed by WisdomTree. It was launched on Dec 13, 2012. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 3USL.L or TQQQ.
Key characteristics
| 3USL.L | TQQQ | |
|---|---|---|
| YTD Return | 71.16% | 59.60% |
| 1Y Return | 101.00% | 88.74% |
| 3Y Return (Ann) | 9.22% | 0.01% |
| 5Y Return (Ann) | 24.45% | 34.59% |
| 10Y Return (Ann) | 23.51% | 35.45% |
| Sharpe Ratio | 3.04 | 1.74 |
| Sortino Ratio | 3.51 | 2.17 |
| Omega Ratio | 1.47 | 1.29 |
| Calmar Ratio | 2.63 | 1.75 |
| Martin Ratio | 17.58 | 7.20 |
| Ulcer Index | 5.95% | 12.41% |
| Daily Std Dev | 34.28% | 51.33% |
| Max Drawdown | -76.72% | -81.66% |
| Current Drawdown | -1.40% | -6.61% |
Correlation
The correlation between 3USL.L and TQQQ is 0.50, 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.
Performance
3USL.L vs. TQQQ - Performance Comparison
In the year-to-date period, 3USL.L achieves a 71.16% return, which is significantly higher than TQQQ's 59.60% return. Over the past 10 years, 3USL.L has underperformed TQQQ with an annualized return of 23.51%, while TQQQ has yielded a comparatively higher 35.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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3USL.L vs. TQQQ - Expense Ratio Comparison
3USL.L has a 0.75% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
3USL.L vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.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.
Dividends
3USL.L vs. TQQQ - Dividend Comparison
3USL.L has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 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 | 1.19% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
3USL.L vs. TQQQ - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for 3USL.L and TQQQ. For additional features, visit the drawdowns tool.
Volatility
3USL.L vs. TQQQ - Volatility Comparison
The current volatility for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) is 10.80%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.91%. This indicates that 3USL.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.