3XLE.L vs. LQQ3.L
3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) and LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - 3XLE.L is a Leveraged Equities fund actively managed by Leverage Shares, while LQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. 3XLE.L is actively managed, while LQQ3.L is passively managed. Over the past 3 years, 3XLE.L returned 14.74%/yr vs 59.92%/yr for LQQ3.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3XLE.L vs. LQQ3.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 LQQ3.L's 56.49% return.
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
LQQ3.L
- 1D
- -1.92%
- 1M
- 27.07%
- YTD
- 56.49%
- 6M
- 51.01%
- 1Y
- 126.98%
- 3Y*
- 59.92%
- 5Y*
- 28.14%
- 10Y*
- —
3XLE.L vs. LQQ3.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% |
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.49% | 18.96% | 62.50% | 192.06% | -77.11% | 4.71% |
Correlation
The correlation between 3XLE.L and LQQ3.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 | 0.11 |
The correlation between 3XLE.L and LQQ3.L shifts across timeframes, from -0.20 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3XLE.L vs. LQQ3.L — Risk / Return Rank
3XLE.L
LQQ3.L
3XLE.L vs. LQQ3.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 WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.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 | LQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.54 | -0.17 |
| Martin ratioReturn relative to average drawdown | 9.27 | 10.50 | -1.24 |
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 | LQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.80 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.66 | -0.33 |
Drawdowns
3XLE.L vs. LQQ3.L - Drawdown Comparison
The maximum 3XLE.L drawdown since its inception was -74.89%, smaller than the maximum LQQ3.L drawdown of -79.16%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and LQQ3.L.
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Drawdown Indicators
| 3XLE.L | LQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.89% | -79.16% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -39.26% | -35.64% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -66.05% | -58.39% | -7.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.16% | — |
Current DrawdownCurrent decline from peak | -32.03% | -1.98% | -30.05% |
Average DrawdownAverage peak-to-trough decline | -45.06% | -23.34% | -21.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.33% | 12.04% | +2.29% |
Volatility
3XLE.L vs. LQQ3.L - Volatility Comparison
Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a higher volatility of 25.44% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) at 13.74%. This indicates that 3XLE.L's price experiences larger fluctuations and is considered to be riskier than LQQ3.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 | LQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.44% | 13.74% | +11.70% |
Volatility (6M)Calculated over the trailing 6-month period | 57.73% | 32.87% | +24.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.92% | 45.12% | +21.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.19% | 59.25% | +22.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.19% | 59.45% | +22.74% |
3XLE.L vs. LQQ3.L - Expense Ratio Comparison
Both 3XLE.L and LQQ3.L have an expense ratio of 0.75%.
Dividends
3XLE.L vs. LQQ3.L - Dividend Comparison
Neither 3XLE.L nor LQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
3XLE.L and LQQ3.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 LQQ3.L have the same expense ratio: 0.75% per year.
3XLE.L is categorized as Leveraged Equities, while LQQ3.L is Nasdaq-100. They also come from different issuers: Leverage Shares and WisdomTree.
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