3XLE.L vs. 3QQQ.L
3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) and 3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 3XLE.L returned 14.74%/yr vs 52.15%/yr for 3QQQ.L. At a 0.08 correlation, their price movements are largely independent. 3XLE.L charges 0.75%/yr vs 0.01%/yr for 3QQQ.L.
Performance
3XLE.L vs. 3QQQ.L - Performance Comparison
Loading charts...
Different Trading Currencies
3XLE.L is traded in GBp, while 3QQQ.L is traded in USD. To make them comparable, the 3QQQ.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3XLE.L achieves a 97.09% return, which is significantly higher than 3QQQ.L's 55.82% return.
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
3QQQ.L
- 1D
- -1.99%
- 1M
- 28.14%
- YTD
- 55.82%
- 6M
- 48.52%
- 1Y
- 122.07%
- 3Y*
- 52.15%
- 5Y*
- —
- 10Y*
- —
3XLE.L vs. 3QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 97.09% | -17.73% | -12.65% | -29.34% | -20.34% |
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 55.82% | 5.78% | 63.73% | 172.86% | -55.10% |
Correlation
The correlation between 3XLE.L and 3QQQ.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.08 |
The correlation between 3XLE.L and 3QQQ.L shifts across timeframes, from -0.18 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3XLE.L vs. 3QQQ.L — Risk / Return Rank
3XLE.L
3QQQ.L
3XLE.L vs. 3QQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.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.
| 3XLE.L | 3QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.56 | +0.81 |
| Martin ratioReturn relative to average drawdown | 9.27 | 5.32 | +3.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3XLE.L | 3QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.93 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.55 | -0.22 |
Drawdowns
3XLE.L vs. 3QQQ.L - Drawdown Comparison
The maximum 3XLE.L drawdown since its inception was -74.89%, which is greater than 3QQQ.L's maximum drawdown of -58.71%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and 3QQQ.L.
Loading charts...
Drawdown Indicators
| 3XLE.L | 3QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.89% | -58.71% | -16.18% |
Max Drawdown (1Y)Largest decline over 1 year | -39.26% | -47.38% | +8.12% |
Max Drawdown (3Y)Largest decline over 3 years | -66.05% | -58.71% | -7.34% |
Current DrawdownCurrent decline from peak | -32.03% | -1.99% | -30.04% |
Average DrawdownAverage peak-to-trough decline | -45.06% | -20.53% | -24.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.33% | 22.84% | -8.51% |
Volatility
3XLE.L vs. 3QQQ.L - Volatility Comparison
Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a higher volatility of 25.44% compared to Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) at 14.48%. This indicates that 3XLE.L's price experiences larger fluctuations and is considered to be riskier than 3QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3XLE.L | 3QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.44% | 14.48% | +10.96% |
Volatility (6M)Calculated over the trailing 6-month period | 57.73% | 33.01% | +24.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.92% | 63.04% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.19% | 62.77% | +19.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.19% | 62.77% | +19.42% |
3XLE.L vs. 3QQQ.L - Expense Ratio Comparison
3XLE.L has a 0.75% expense ratio, which is higher than 3QQQ.L's 0.01% expense ratio.
Dividends
3XLE.L vs. 3QQQ.L - Dividend Comparison
Neither 3XLE.L nor 3QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
3XLE.L and 3QQQ.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3QQQ.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3QQQ.L is cheaper with a 0.01% expense ratio, compared with 0.75% for 3XLE.L.
Their fees differ too: 0.75% for 3XLE.L and 0.01% for 3QQQ.L.
Find the right allocation for 3XLE.L and 3QQQ.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer