5QQE.L vs. 3GOE.L
5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both exchange-traded funds - 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares, while 3GOE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X GOOG Index. 5QQE.L is actively managed, while 3GOE.L is passively managed. Over the past 3 years, 5QQE.L returned 55.11%/yr vs 85.78%/yr for 3GOE.L. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
5QQE.L vs. 3GOE.L - Performance Comparison
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Different Trading Currencies
5QQE.L is traded in EUR, while 3GOE.L is traded in USD. To make them comparable, the 3GOE.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 3GOE.L's 22.18% return.
5QQE.L
- 1D
- -3.66%
- 1M
- -17.13%
- YTD
- 50.96%
- 6M
- 45.40%
- 1Y
- 119.44%
- 3Y*
- 55.11%
- 5Y*
- —
- 10Y*
- —
3GOE.L
- 1D
- 0.00%
- 1M
- -22.62%
- YTD
- 22.18%
- 6M
- 18.88%
- 1Y
- 491.01%
- 3Y*
- 85.78%
- 5Y*
- 23.28%
- 10Y*
- —
5QQE.L vs. 3GOE.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% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 22.18% | 105.93% | 101.64% | 152.09% | -85.73% | -2.40% |
Correlation
The correlation between 5QQE.L and 3GOE.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.60 |
The correlation between 5QQE.L and 3GOE.L shifts across timeframes, from 0.42 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
5QQE.L vs. 3GOE.L — Risk / Return Rank
5QQE.L
3GOE.L
5QQE.L vs. 3GOE.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 Alphabet ETP Scs (3GOE.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 | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.53 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 9.89 | -7.76 |
| Martin ratioReturn relative to average drawdown | 5.61 | 28.94 | -23.33 |
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Drawdowns
5QQE.L vs. 3GOE.L - Drawdown Comparison
The maximum 5QQE.L drawdown since its inception was -96.05%, which is greater than 3GOE.L's maximum drawdown of -87.83%. Use the drawdown chart below to compare losses from any high point for 5QQE.L and 3GOE.L.
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Drawdown Indicators
| 5QQE.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.05% | -87.83% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -56.00% | -49.67% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -80.99% | -71.44% | -9.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.83% | — |
Current DrawdownCurrent decline from peak | -46.75% | -31.82% | -14.93% |
Average DrawdownAverage peak-to-trough decline | -73.12% | -42.27% | -30.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.20% | 16.96% | +4.24% |
Volatility
5QQE.L vs. 3GOE.L - Volatility Comparison
The current volatility for Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) is 33.41%, while Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a volatility of 36.17%. This indicates that 5QQE.L experiences smaller price fluctuations and is considered to be less risky than 3GOE.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 | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.41% | 36.17% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 64.29% | 61.55% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.61% | 90.91% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.60% | 90.35% | +16.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.60% | 88.80% | +17.80% |
5QQE.L vs. 3GOE.L - Expense Ratio Comparison
Both 5QQE.L and 3GOE.L have an expense ratio of 0.75%.
Dividends
5QQE.L vs. 3GOE.L - Dividend Comparison
Neither 5QQE.L nor 3GOE.L has paid dividends to shareholders.
Frequently Asked Questions
5QQE.L and 3GOE.L have a correlation of 0.42, 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 3GOE.L have the same expense ratio: 0.75% per year.
5QQE.L is categorized as Nasdaq-100, while 3GOE.L is Leveraged Equities.
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