5QQE.L vs. 3APE.L
5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) and 3APE.L (Leverage Shares 3x Apple ETC EUR) are both exchange-traded funds - 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares, while 3APE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AAPL Index. 5QQE.L is actively managed, while 3APE.L is passively managed. Over the past 3 years, 5QQE.L returned 35.97%/yr vs 19.05%/yr for 3APE.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
5QQE.L vs. 3APE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 5QQE.L achieves a 26.11% return, which is significantly lower than 3APE.L's 52.08% return.
5QQE.L
- 1D
- -10.81%
- 1M
- -27.47%
- 6M
- 22.98%
- YTD
- 26.11%
- 1Y
- 57.14%
- 3Y*
- 35.97%
- 5Y*
- —
- 10Y*
- —
3APE.L
- 1D
- 0.00%
- 1M
- 33.30%
- 6M
- 81.94%
- YTD
- 52.08%
- 1Y
- 183.21%
- 3Y*
- 19.05%
- 5Y*
- 15.50%
- 10Y*
- —
5QQE.L vs. 3APE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 26.11% | -9.77% | 85.15% | 410.76% | -95.82% | 16.44% |
3APE.L Leverage Shares 3x Apple ETC EUR | 52.08% | -31.84% | 78.10% | 157.67% | -74.17% | -2.24% |
Correlation
The correlation between 5QQE.L and 3APE.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.61 |
Over the past year, the correlation between 5QQE.L and 3APE.L has dropped to 0.35 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
5QQE.L vs. 3APE.L — Risk / Return Rank
5QQE.L
3APE.L
5QQE.L vs. 3APE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) and Leverage Shares 3x Apple ETC EUR (3APE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 5QQE.L | 3APE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 4.44 | -3.42 |
| Martin ratioReturn relative to average drawdown | 2.57 | 9.77 | -7.20 |
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Drawdowns
5QQE.L vs. 3APE.L - Drawdown Comparison
The maximum 5QQE.L drawdown since its inception was -96.05%, which is greater than 3APE.L's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for 5QQE.L and 3APE.L.
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Drawdown Indicators
| 5QQE.L | 3APE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.05% | -76.86% | -19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -56.00% | -41.29% | -14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -80.99% | -73.89% | -7.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.86% | — |
Current DrawdownCurrent decline from peak | -55.51% | 0.00% | -55.51% |
Average DrawdownAverage peak-to-trough decline | -72.73% | -35.41% | -37.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.18% | 18.76% | +3.42% |
Volatility
5QQE.L vs. 3APE.L - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a higher volatility of 32.83% compared to Leverage Shares 3x Apple ETC EUR (3APE.L) at 31.14%. This indicates that 5QQE.L's price experiences larger fluctuations and is considered to be riskier than 3APE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5QQE.L | 3APE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.83% | 31.14% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 69.05% | 60.65% | +8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.71% | 78.28% | +8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.72% | 80.56% | +26.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.72% | 83.26% | +23.46% |
5QQE.L vs. 3APE.L - Expense Ratio Comparison
Both 5QQE.L and 3APE.L have an expense ratio of 0.75%.
Dividends
5QQE.L vs. 3APE.L - Dividend Comparison
Neither 5QQE.L nor 3APE.L has paid dividends to shareholders.
Frequently Asked Questions
5QQE.L and 3APE.L have a correlation of 0.35, 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.
5QQE.L and 3APE.L have the same expense ratio: 0.75% per year.
5QQE.L is categorized as Nasdaq-100, while 3APE.L is Leveraged Equities.
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