3XFE.L vs. 5QQE.L

Last updated Jun 5, 2026

3XFE.L (Leverage Shares 3x Long Financials ETP Securities EUR) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both exchange-traded funds - 3XFE.L is a Leveraged Equities fund actively managed by Leverage Shares, while 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares. Both are actively managed. Over the past 3 years, 3XFE.L returned 26.80%/yr vs 69.77%/yr for 5QQE.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

3XFE.L vs. 5QQE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Long Financials ETP Securities EUR (3XFE.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3XFE.L achieves a -21.50% return, which is significantly lower than 5QQE.L's 94.22% return.

3XFE.L

• 1D: 9.07%
• 1M: 2.25%
• YTD: -21.50%
• 6M: -15.93%
• 1Y: -13.53%
• 3Y*: 26.80%
• 5Y*: —
• 10Y*: —

5QQE.L

• 1D: -3.82%
• 1M: 45.57%
• YTD: 94.22%
• 6M: 81.64%
• 1Y: 205.09%
• 3Y*: 69.77%
• 5Y*: —
• 10Y*: —

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

3XFE.L vs. 5QQE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3XFE.L Leverage Shares 3x Long Financials ETP Securities EUR	-21.50%	-0.13%	87.68%	8.62%	-43.02%	5.22%
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR	94.22%	-9.64%	85.35%	410.76%	-95.87%	17.69%

Correlation

The correlation between 3XFE.L and 5QQE.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021	0.44

3XFE.L vs. 5QQE.L - Sectors Allocation Comparison

Sectors	3XFE.L	5QQE.L
Financial Services	98.0%	0.2%
Technology	1.7%	54.2%
Industrials	0.2%	2.8%
Basic Materials	-	1.2%
Communication Services	-	15.5%
Consumer Cyclical	-	12.2%
Consumer Defensive	-	7.6%
Energy	-	0.6%
Healthcare	-	4.2%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

3XFE.L vs. 5QQE.L — Risk / Return Rank

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

3XFE.L

3XFE.L Risk / Return Rank: 6
3XFE.L Sharpe Ratio Rank: 6
3XFE.L Sortino Ratio Rank: 7
3XFE.L Omega Ratio Rank: 7
3XFE.L Calmar Ratio Rank: 6
3XFE.L Martin Ratio Rank: 6

5QQE.L

5QQE.L Risk / Return Rank: 67
5QQE.L Sharpe Ratio Rank: 83
5QQE.L Sortino Ratio Rank: 62
5QQE.L Omega Ratio Rank: 59
5QQE.L Calmar Ratio Rank: 74
5QQE.L Martin Ratio Rank: 57

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.

3XFE.L vs. 5QQE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Financials ETP Securities EUR (3XFE.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.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.

	3XFE.L	5QQE.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	2.64	-2.96
Sortino ratio: Return per unit of downside risk	-0.19	2.84	-3.03
Omega ratio: Gain probability vs. loss probability	0.98	1.35	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.35	3.64	-3.99
Martin ratio: Return relative to average drawdown	-0.76	9.85	-10.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3XFE.L vs. 5QQE.L - Sharpe Ratio Comparison

The current 3XFE.L Sharpe Ratio is -0.32, which is lower than the 5QQE.L Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of 3XFE.L and 5QQE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	3XFE.L	5QQE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	2.64	-2.96
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	-0.05	+0.03

Drawdowns

3XFE.L vs. 5QQE.L - Drawdown Comparison

The maximum 3XFE.L drawdown since its inception was -66.97%, smaller than the maximum 5QQE.L drawdown of -96.05%. Use the drawdown chart below to compare losses from any high point for 3XFE.L and 5QQE.L.

Drawdown Indicators

	3XFE.L	5QQE.L	Difference
Max Drawdown Largest peak-to-trough decline	-66.97%	-96.05%	+29.08%
Max Drawdown (1Y) Largest decline over 1 year	-38.56%	-56.03%	+17.47%
Max Drawdown (3Y) Largest decline over 3 years	-49.49%	-80.97%	+31.48%
Current Drawdown Current decline from peak	-35.42%	-31.31%	-4.11%
Average Drawdown Average peak-to-trough decline	-35.56%	-74.99%	+39.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.67%	20.72%	-3.05%

Volatility

3XFE.L vs. 5QQE.L - Volatility Comparison

The current volatility for Leverage Shares 3x Long Financials ETP Securities EUR (3XFE.L) is 12.56%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a volatility of 24.60%. This indicates that 3XFE.L experiences smaller price fluctuations and is considered to be less risky than 5QQE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3XFE.L	5QQE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.56%	24.60%	-12.04%
Volatility (6M) Calculated over the trailing 6-month period	31.51%	56.93%	-25.42%
Volatility (1Y) Calculated over the trailing 1-year period	42.29%	77.27%	-34.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.33%	108.77%	-54.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.33%	108.77%	-54.44%

3XFE.L vs. 5QQE.L - Expense Ratio Comparison

Both 3XFE.L and 5QQE.L have an expense ratio of 0.75%.

Dividends

3XFE.L vs. 5QQE.L - Dividend Comparison

Neither 3XFE.L nor 5QQE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3XFE.L and 5QQE.L in my portfolio?

3XFE.L and 5QQE.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3XFE.L or 5QQE.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3XFE.L or 5QQE.L?

3XFE.L and 5QQE.L have the same expense ratio: 0.75% per year.

What is the main difference between 3XFE.L and 5QQE.L?

3XFE.L is categorized as Leveraged Equities, while 5QQE.L is Nasdaq-100.