3XLE.L vs. 5QQQ.L
3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) and 5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both exchange-traded funds - 3XLE.L is a Leveraged Equities fund actively managed by Leverage Shares, while 5QQQ.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 69.87%/yr for 5QQQ.L. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3XLE.L vs. 5QQQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3XLE.L achieves a 97.09% return, which is significantly higher than 5QQQ.L's 92.08% return.
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
5QQQ.L
- 1D
- -3.36%
- 1M
- 46.02%
- YTD
- 92.08%
- 6M
- 79.80%
- 1Y
- 213.52%
- 3Y*
- 69.87%
- 5Y*
- —
- 10Y*
- —
3XLE.L vs. 5QQQ.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% |
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 92.08% | -4.78% | 76.82% | 401.38% | -95.59% | 7.87% |
Correlation
The correlation between 3XLE.L and 5QQQ.L is -0.19, 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 | -0.19 |
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 5QQQ.L shifts across timeframes, from -0.19 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3XLE.L vs. 5QQQ.L — Risk / Return Rank
3XLE.L
5QQQ.L
3XLE.L vs. 5QQQ.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 (5QQQ.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 | 5QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.39 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.27 | 7.76 | +1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 3XLE.L | 5QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.38 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.04 | +0.38 |
Drawdowns
3XLE.L vs. 5QQQ.L - Drawdown Comparison
The maximum 3XLE.L drawdown since its inception was -74.89%, smaller than the maximum 5QQQ.L drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and 5QQQ.L.
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Drawdown Indicators
| 3XLE.L | 5QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.89% | -95.97% | +21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -39.26% | -62.48% | +23.22% |
Max Drawdown (3Y)Largest decline over 3 years | -66.05% | -80.23% | +14.18% |
Current DrawdownCurrent decline from peak | -32.03% | -31.50% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -45.06% | -74.65% | +29.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.33% | 27.40% | -13.07% |
Volatility
3XLE.L vs. 5QQQ.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 5x Long Nasdaq 100 ETP Securities (5QQQ.L) at 23.67%. This indicates that 3XLE.L's price experiences larger fluctuations and is considered to be riskier than 5QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3XLE.L | 5QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.44% | 23.67% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 57.73% | 56.95% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.92% | 88.96% | -22.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.19% | 105.45% | -23.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.19% | 105.45% | -23.26% |
3XLE.L vs. 5QQQ.L - Expense Ratio Comparison
Both 3XLE.L and 5QQQ.L have an expense ratio of 0.75%.
Dividends
3XLE.L vs. 5QQQ.L - Dividend Comparison
Neither 3XLE.L nor 5QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
3XLE.L and 5QQQ.L have a correlation of -0.19, 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 5QQQ.L have the same expense ratio: 0.75% per year.
3XLE.L is categorized as Leveraged Equities, while 5QQQ.L is Nasdaq-100.
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