5QQE.L vs. QQQ3.L
5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) and QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both Nasdaq-100 funds. 5QQE.L is actively managed, while QQQ3.L is passively managed. Over the past 3 years, 5QQE.L returned 69.77%/yr vs 59.74%/yr for QQQ3.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
5QQE.L vs. QQQ3.L - Performance Comparison
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Different Trading Currencies
5QQE.L is traded in EUR, while QQQ3.L is traded in USD. To make them comparable, the QQQ3.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 QQQ3.L's 57.84% return.
5QQE.L
- 1D
- -3.82%
- 1M
- 45.57%
- YTD
- 94.22%
- 6M
- 81.64%
- 1Y
- 205.09%
- 3Y*
- 69.77%
- 5Y*
- —
- 10Y*
- —
QQQ3.L
- 1D
- -2.61%
- 1M
- 26.46%
- YTD
- 57.84%
- 6M
- 52.35%
- 1Y
- 120.59%
- 3Y*
- 59.74%
- 5Y*
- 27.99%
- 10Y*
- 43.61%
5QQE.L vs. QQQ3.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% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 57.84% | 12.49% | 70.46% | 200.22% | -78.32% | 10.48% |
Correlation
The correlation between 5QQE.L and QQQ3.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.94 |
The correlation between 5QQE.L and QQQ3.L has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
5QQE.L vs. QQQ3.L — Risk / Return Rank
5QQE.L
QQQ3.L
5QQE.L vs. QQQ3.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 NASDAQ 100 3x Daily Leveraged (QQQ3.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 | QQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.41 | +0.22 |
| Martin ratioReturn relative to average drawdown | 9.85 | 10.19 | -0.34 |
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
| 5QQE.L | QQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 2.57 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.84 | -0.89 |
Drawdowns
5QQE.L vs. QQQ3.L - Drawdown Comparison
The maximum 5QQE.L drawdown since its inception was -96.05%, which is greater than QQQ3.L's maximum drawdown of -80.26%. Use the drawdown chart below to compare losses from any high point for 5QQE.L and QQQ3.L.
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Drawdown Indicators
| 5QQE.L | QQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.05% | -80.26% | -15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -56.03% | -35.14% | -20.89% |
Max Drawdown (3Y)Largest decline over 3 years | -80.97% | -60.23% | -20.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -80.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.26% | — |
Current DrawdownCurrent decline from peak | -31.31% | -2.61% | -28.70% |
Average DrawdownAverage peak-to-trough decline | -74.99% | -19.51% | -55.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.72% | 11.79% | +8.93% |
Volatility
5QQE.L vs. QQQ3.L - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a higher volatility of 24.60% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) at 14.34%. This indicates that 5QQE.L's price experiences larger fluctuations and is considered to be riskier than QQQ3.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 | QQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.60% | 14.34% | +10.26% |
Volatility (6M)Calculated over the trailing 6-month period | 56.93% | 34.22% | +22.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.27% | 46.70% | +30.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.77% | 61.09% | +47.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.77% | 59.29% | +49.48% |
5QQE.L vs. QQQ3.L - Expense Ratio Comparison
Both 5QQE.L and QQQ3.L have an expense ratio of 0.75%.
Dividends
5QQE.L vs. QQQ3.L - Dividend Comparison
Neither 5QQE.L nor QQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, 5QQE.L and QQQ3.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 QQQ3.L have the same expense ratio: 0.75% per year.
They also come from different issuers: Leverage Shares and WisdomTree.
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