5QQE.L vs. 3BAL.L
5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) and 3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) are both exchange-traded funds - 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares, while 3BAL.L is a Leveraged Equities fund tracking the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. 5QQE.L is actively managed, while 3BAL.L is passively managed. Over the past 3 years, 5QQE.L returned 55.11%/yr vs 154.96%/yr for 3BAL.L. At a 0.38 correlation, their price movements are largely independent. 5QQE.L charges 0.75%/yr vs 0.89%/yr for 3BAL.L.
Performance
5QQE.L vs. 3BAL.L - Performance Comparison
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Different Trading Currencies
5QQE.L is traded in EUR, while 3BAL.L is traded in GBp. To make them comparable, the 3BAL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5QQE.L achieves a 50.96% return, which is significantly higher than 3BAL.L's 27.34% return.
5QQE.L
- 1D
- -3.66%
- 1M
- -17.13%
- YTD
- 50.96%
- 6M
- 45.40%
- 1Y
- 119.44%
- 3Y*
- 55.11%
- 5Y*
- —
- 10Y*
- —
3BAL.L
- 1D
- 2.00%
- 1M
- 23.91%
- YTD
- 27.34%
- 6M
- 29.05%
- 1Y
- 179.88%
- 3Y*
- 154.96%
- 5Y*
- 70.81%
- 10Y*
- 21.57%
5QQE.L vs. 3BAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 50.96% | -9.77% | 85.15% | 410.76% | -95.82% | 16.44% |
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 27.34% | 405.26% | 76.18% | 67.32% | -28.77% | 12.77% |
Correlation
The correlation between 5QQE.L and 3BAL.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.38 |
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Return for Risk
5QQE.L vs. 3BAL.L — Risk / Return Rank
5QQE.L
3BAL.L
5QQE.L vs. 3BAL.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 WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.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 | 3BAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 3.91 | -1.79 |
| Martin ratioReturn relative to average drawdown | 5.61 | 10.39 | -4.78 |
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Drawdowns
5QQE.L vs. 3BAL.L - Drawdown Comparison
The maximum 5QQE.L drawdown since its inception was -96.05%, roughly equal to the maximum 3BAL.L drawdown of -99.43%. Use the drawdown chart below to compare losses from any high point for 5QQE.L and 3BAL.L.
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Drawdown Indicators
| 5QQE.L | 3BAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.05% | -99.43% | +3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -56.00% | -45.71% | -10.29% |
Max Drawdown (3Y)Largest decline over 3 years | -80.99% | -51.60% | -29.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -97.83% | — |
Current DrawdownCurrent decline from peak | -46.75% | -56.05% | +9.30% |
Average DrawdownAverage peak-to-trough decline | -73.12% | -83.78% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.20% | 17.24% | +3.96% |
Volatility
5QQE.L vs. 3BAL.L - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a higher volatility of 33.41% compared to WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) at 18.52%. This indicates that 5QQE.L's price experiences larger fluctuations and is considered to be riskier than 3BAL.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 | 3BAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.41% | 18.52% | +14.89% |
Volatility (6M)Calculated over the trailing 6-month period | 64.29% | 55.83% | +8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.61% | 69.15% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.60% | 75.20% | +31.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.60% | 83.85% | +22.75% |
5QQE.L vs. 3BAL.L - Expense Ratio Comparison
5QQE.L has a 0.75% expense ratio, which is lower than 3BAL.L's 0.89% expense ratio.
Dividends
5QQE.L vs. 3BAL.L - Dividend Comparison
Neither 5QQE.L nor 3BAL.L has paid dividends to shareholders.
Frequently Asked Questions
5QQE.L and 3BAL.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5QQE.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5QQE.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
5QQE.L is categorized as Nasdaq-100, while 3BAL.L is Leveraged Equities. They also come from different issuers: Leverage Shares and WisdomTree. Their fees differ too: 0.75% for 5QQE.L and 0.89% for 3BAL.L.
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