5QQE.L vs. 3BP.L

Last updated Jun 5, 2026

5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) and 3BP.L (Leverage Shares 3x BP ETP GBX) are both exchange-traded funds - 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares, while 3BP.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x BP Index. 5QQE.L is actively managed, while 3BP.L is passively managed. Over the past 3 years, 5QQE.L returned 69.77%/yr vs -2.39%/yr for 3BP.L. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

5QQE.L vs. 3BP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) and Leverage Shares 3x BP ETP GBX (3BP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

5QQE.L is traded in EUR, while 3BP.L is traded in GBp. To make them comparable, the 3BP.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 94.22% return, which is significantly higher than 3BP.L's 76.87% return.

5QQE.L

• 1D: -3.82%
• 1M: 45.57%
• YTD: 94.22%
• 6M: 81.64%
• 1Y: 205.09%
• 3Y*: 69.77%
• 5Y*: —
• 10Y*: —

3BP.L

• 1D: -1.68%
• 1M: -16.49%
• YTD: 76.87%
• 6M: 38.85%
• 1Y: 161.91%
• 3Y*: -2.39%
• 5Y*: 4.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

5QQE.L vs. 3BP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR	94.22%	-9.64%	85.35%	410.76%	-95.87%	17.69%
3BP.L Leverage Shares 3x BP ETP GBX	76.87%	10.73%	-47.57%	-13.44%	50.69%	3.35%

Correlation

The correlation between 5QQE.L and 3BP.L is -0.18, 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	-0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021	0.08

The correlation between 5QQE.L and 3BP.L shifts across timeframes, from -0.18 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

5QQE.L vs. 3BP.L - Sectors Allocation Comparison

Sectors	5QQE.L	3BP.L
Technology	54.2%	-
Communication Services	15.5%	-
Consumer Cyclical	12.2%	-
Consumer Defensive	7.6%	-
Healthcare	4.2%	-
Industrials	2.8%	-
Utilities	1.4%	-
Basic Materials	1.2%	-
Energy	0.6%	100.0%
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

5QQE.L vs. 3BP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

5QQE.L

5QQE.L Risk / Return Rank: 67
5QQE.L Sharpe Ratio Rank: 83
5QQE.L Sortino Ratio Rank: 62
5QQE.L Omega Ratio Rank: 59
5QQE.L Calmar Ratio Rank: 74
5QQE.L Martin Ratio Rank: 57

3BP.L

3BP.L Risk / Return Rank: 61
3BP.L Sharpe Ratio Rank: 60
3BP.L Sortino Ratio Rank: 47
3BP.L Omega Ratio Rank: 50
3BP.L Calmar Ratio Rank: 82
3BP.L Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

5QQE.L vs. 3BP.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 BP ETP GBX (3BP.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.

	5QQE.L	3BP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.89	+0.75
Sortino ratio: Return per unit of downside risk	2.84	2.23	+0.61
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	3.64	4.12	-0.48
Martin ratio: Return relative to average drawdown	9.85	11.42	-1.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

5QQE.L vs. 3BP.L - Sharpe Ratio Comparison

The current 5QQE.L Sharpe Ratio is 2.64, which is higher than the 3BP.L Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of 5QQE.L and 3BP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	5QQE.L	3BP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	1.89	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.06	-0.11

Drawdowns

5QQE.L vs. 3BP.L - Drawdown Comparison

The maximum 5QQE.L drawdown since its inception was -96.05%, which is greater than 3BP.L's maximum drawdown of -84.99%. Use the drawdown chart below to compare losses from any high point for 5QQE.L and 3BP.L.

Drawdown Indicators

	5QQE.L	3BP.L	Difference
Max Drawdown Largest peak-to-trough decline	-96.05%	-84.99%	-11.06%
Max Drawdown (1Y) Largest decline over 1 year	-56.03%	-39.10%	-16.93%
Max Drawdown (3Y) Largest decline over 3 years	-80.97%	-82.35%	+1.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-84.99%	—
Current Drawdown Current decline from peak	-31.31%	-45.40%	+14.09%
Average Drawdown Average peak-to-trough decline	-74.99%	-42.92%	-32.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.72%	14.12%	+6.60%

Volatility

5QQE.L vs. 3BP.L - Volatility Comparison

The current volatility for Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) is 24.60%, while Leverage Shares 3x BP ETP GBX (3BP.L) has a volatility of 29.66%. This indicates that 5QQE.L experiences smaller price fluctuations and is considered to be less risky than 3BP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	5QQE.L	3BP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.60%	29.66%	-5.06%
Volatility (6M) Calculated over the trailing 6-month period	56.93%	74.48%	-17.55%
Volatility (1Y) Calculated over the trailing 1-year period	77.27%	85.26%	-7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.77%	90.72%	+18.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.77%	91.08%	+17.69%

5QQE.L vs. 3BP.L - Expense Ratio Comparison

Both 5QQE.L and 3BP.L have an expense ratio of 0.75%.

Dividends

5QQE.L vs. 3BP.L - Dividend Comparison

Neither 5QQE.L nor 3BP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 5QQE.L and 3BP.L in my portfolio?

5QQE.L and 3BP.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 5QQE.L or 3BP.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 5QQE.L or 3BP.L?

5QQE.L and 3BP.L have the same expense ratio: 0.75% per year.

What is the main difference between 5QQE.L and 3BP.L?

5QQE.L is categorized as Nasdaq-100, while 3BP.L is Leveraged Equities.