3XLE.L vs. 5QQE.L
3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both exchange-traded funds - 3XLE.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, 3XLE.L returned 14.74%/yr vs 75.05%/yr for 5QQE.L. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3XLE.L vs. 5QQE.L - Performance Comparison
Loading charts...
Different Trading Currencies
3XLE.L is traded in GBp, while 5QQE.L is traded in EUR. To make them comparable, the 5QQE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with 3XLE.L having a 97.09% return and 5QQE.L slightly higher at 100.27%.
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
5QQE.L
- 1D
- 0.12%
- 1M
- 59.32%
- YTD
- 100.27%
- 6M
- 87.36%
- 1Y
- 231.36%
- 3Y*
- 75.05%
- 5Y*
- —
- 10Y*
- —
3XLE.L vs. 5QQE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 97.09% | -17.73% | -12.65% | -29.34% | 191.33% | -3.39% |
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 100.21% | -4.80% | 76.92% | 400.57% | -95.65% | 9.21% |
Correlation
The correlation between 3XLE.L and 5QQE.L is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.10 |
The correlation between 3XLE.L and 5QQE.L shifts across timeframes, from -0.20 (1 year) to 0.10 (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. 5QQE.L — Risk / Return Rank
3XLE.L
5QQE.L
3XLE.L vs. 5QQE.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 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.
| 3XLE.L | 5QQE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 4.07 | -0.69 |
| Martin ratioReturn relative to average drawdown | 9.27 | 10.91 | -1.65 |
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 | 5QQE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 3.00 | -1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.03 | +0.37 |
Drawdowns
3XLE.L vs. 5QQE.L - Drawdown Comparison
The maximum 3XLE.L drawdown since its inception was -74.89%, smaller than the maximum 5QQE.L drawdown of -95.85%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and 5QQE.L.
Loading charts...
Drawdown Indicators
| 3XLE.L | 5QQE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.89% | -95.85% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -39.26% | -56.52% | +17.26% |
Max Drawdown (3Y)Largest decline over 3 years | -66.05% | -80.29% | +14.24% |
Current DrawdownCurrent decline from peak | -32.03% | -26.60% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -45.06% | -74.64% | +29.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.33% | 21.10% | -6.77% |
Volatility
3XLE.L vs. 5QQE.L - Volatility Comparison
Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) have volatilities of 25.44% and 24.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3XLE.L | 5QQE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.44% | 24.25% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 57.73% | 56.37% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.92% | 76.81% | -9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.19% | 107.83% | -25.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.19% | 107.83% | -25.64% |
3XLE.L vs. 5QQE.L - Expense Ratio Comparison
Both 3XLE.L and 5QQE.L have an expense ratio of 0.75%.
Dividends
3XLE.L vs. 5QQE.L - Dividend Comparison
Neither 3XLE.L nor 5QQE.L has paid dividends to shareholders.
Frequently Asked Questions
3XLE.L and 5QQE.L have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3XLE.L and 5QQE.L have the same expense ratio: 0.75% per year.
3XLE.L is categorized as Leveraged Equities, while 5QQE.L is Nasdaq-100.
Find the right allocation for 3XLE.L and 5QQE.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