3XLE.L vs. QQQ5.L
3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) and QQQ5.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 QQQ5.L is a Nasdaq-100 fund tracking the Invesco QQQ Trust. 3XLE.L is actively managed, while QQQ5.L is passively managed. Over the past 3 years, 3XLE.L returned 14.74%/yr vs 70.23%/yr for QQQ5.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3XLE.L vs. QQQ5.L - Performance Comparison
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Different Trading Currencies
3XLE.L is traded in GBp, while QQQ5.L is traded in USD. To make them comparable, the QQQ5.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with 3XLE.L having a 97.09% return and QQQ5.L slightly lower at 92.70%.
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
QQQ5.L
- 1D
- -3.75%
- 1M
- 45.86%
- YTD
- 92.70%
- 6M
- 80.04%
- 1Y
- 213.49%
- 3Y*
- 70.23%
- 5Y*
- —
- 10Y*
- —
3XLE.L vs. QQQ5.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% |
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 92.70% | -4.99% | 77.08% | 404.09% | -95.60% | 8.69% |
Correlation
The correlation between 3XLE.L and QQQ5.L is -0.21, 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 | -0.21 |
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 QQQ5.L shifts across timeframes, from -0.21 (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. QQQ5.L — Risk / Return Rank
3XLE.L
QQQ5.L
3XLE.L vs. QQQ5.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 (QQQ5.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 | QQQ5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.73 | -0.36 |
| Martin ratioReturn relative to average drawdown | 9.27 | 9.93 | -0.66 |
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 | QQQ5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.70 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.04 | +0.38 |
Drawdowns
3XLE.L vs. QQQ5.L - Drawdown Comparison
The maximum 3XLE.L drawdown since its inception was -74.89%, smaller than the maximum QQQ5.L drawdown of -95.95%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and QQQ5.L.
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Drawdown Indicators
| 3XLE.L | QQQ5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.89% | -95.95% | +21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -39.26% | -56.81% | +17.55% |
Max Drawdown (3Y)Largest decline over 3 years | -66.05% | -80.12% | +14.07% |
Current DrawdownCurrent decline from peak | -32.03% | -31.16% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -45.06% | -74.59% | +29.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.33% | 21.41% | -7.08% |
Volatility
3XLE.L vs. QQQ5.L - Volatility Comparison
Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) have volatilities of 25.44% and 24.57%, 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.
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Volatility by Period
| 3XLE.L | QQQ5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.44% | 24.57% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 57.73% | 57.80% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.92% | 78.52% | -11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.19% | 103.82% | -21.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.19% | 103.82% | -21.63% |
3XLE.L vs. QQQ5.L - Expense Ratio Comparison
Both 3XLE.L and QQQ5.L have an expense ratio of 0.75%.
Dividends
3XLE.L vs. QQQ5.L - Dividend Comparison
Neither 3XLE.L nor QQQ5.L has paid dividends to shareholders.
Frequently Asked Questions
3XLE.L and QQQ5.L have a correlation of -0.21, 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 QQQ5.L have the same expense ratio: 0.75% per year.
3XLE.L is categorized as Leveraged Equities, while QQQ5.L is Nasdaq-100.
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