5QQQ.L vs. 3MSE.L
5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) and 3MSE.L (Leverage Shares 3x Microsoft ETP EUR) are both exchange-traded funds - 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares, while 3MSE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X MSFT Index. 5QQQ.L is actively managed, while 3MSE.L is passively managed. Over the past 3 years, 5QQQ.L returned 69.87%/yr vs -9.45%/yr for 3MSE.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
5QQQ.L vs. 3MSE.L - Performance Comparison
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Different Trading Currencies
5QQQ.L is traded in GBp, while 3MSE.L is traded in EUR. To make them comparable, the 3MSE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5QQQ.L achieves a 92.08% return, which is significantly higher than 3MSE.L's -43.52% return.
5QQQ.L
- 1D
- -3.36%
- 1M
- 46.02%
- YTD
- 92.08%
- 6M
- 79.80%
- 1Y
- 213.52%
- 3Y*
- 69.87%
- 5Y*
- —
- 10Y*
- —
3MSE.L
- 1D
- 1.83%
- 1M
- 11.71%
- YTD
- -43.52%
- 6M
- -41.91%
- 1Y
- -43.35%
- 3Y*
- -9.45%
- 5Y*
- 2.73%
- 10Y*
- —
5QQQ.L vs. 3MSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 92.08% | -4.78% | 76.82% | 401.38% | -95.59% | 15.05% |
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -43.52% | -1.06% | 15.49% | 169.97% | -75.05% | 11.81% |
Correlation
The correlation between 5QQQ.L and 3MSE.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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.69 |
Over the past year, the correlation between 5QQQ.L and 3MSE.L has dropped to 0.42 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
5QQQ.L vs. 3MSE.L — Risk / Return Rank
5QQQ.L
3MSE.L
5QQQ.L vs. 3MSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) and Leverage Shares 3x Microsoft ETP EUR (3MSE.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.
| 5QQQ.L | 3MSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.95 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | -0.57 | +3.96 |
| Martin ratioReturn relative to average drawdown | 7.76 | -1.00 | +8.75 |
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
| 5QQQ.L | 3MSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | -0.55 | +2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.02 | -0.06 |
Drawdowns
5QQQ.L vs. 3MSE.L - Drawdown Comparison
The maximum 5QQQ.L drawdown since its inception was -95.97%, which is greater than 3MSE.L's maximum drawdown of -81.40%. Use the drawdown chart below to compare losses from any high point for 5QQQ.L and 3MSE.L.
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Drawdown Indicators
| 5QQQ.L | 3MSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.97% | -81.40% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -62.48% | -76.03% | +13.55% |
Max Drawdown (3Y)Largest decline over 3 years | -80.23% | -76.03% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.40% | — |
Current DrawdownCurrent decline from peak | -31.50% | -62.74% | +31.24% |
Average DrawdownAverage peak-to-trough decline | -74.65% | -37.24% | -37.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 43.52% | -16.12% |
Volatility
5QQQ.L vs. 3MSE.L - Volatility Comparison
The current volatility for Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) is 23.67%, while Leverage Shares 3x Microsoft ETP EUR (3MSE.L) has a volatility of 30.92%. This indicates that 5QQQ.L experiences smaller price fluctuations and is considered to be less risky than 3MSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5QQQ.L | 3MSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.67% | 30.92% | -7.25% |
Volatility (6M)Calculated over the trailing 6-month period | 56.95% | 75.07% | -18.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.96% | 79.12% | +9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.45% | 78.19% | +27.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.45% | 80.00% | +25.45% |
5QQQ.L vs. 3MSE.L - Expense Ratio Comparison
Both 5QQQ.L and 3MSE.L have an expense ratio of 0.75%.
Dividends
5QQQ.L vs. 3MSE.L - Dividend Comparison
Neither 5QQQ.L nor 3MSE.L has paid dividends to shareholders.
Frequently Asked Questions
5QQQ.L and 3MSE.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.
5QQQ.L and 3MSE.L have the same expense ratio: 0.75% per year.
5QQQ.L is categorized as Nasdaq-100, while 3MSE.L is Leveraged Equities.
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