5QQQ.L vs. 3QQQ.L
5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) and 3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) are both exchange-traded funds - 5QQQ.L is a Nasdaq-100 fund actively managed by Leverage Shares, while 3QQQ.L is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past 3 years, 5QQQ.L returned 69.87%/yr vs 52.15%/yr for 3QQQ.L. Their correlation of 0.92 suggests significant overlap in exposure. 5QQQ.L charges 0.75%/yr vs 0.01%/yr for 3QQQ.L.
Performance
5QQQ.L vs. 3QQQ.L - Performance Comparison
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Different Trading Currencies
5QQQ.L is traded in GBp, while 3QQQ.L is traded in USD. To make them comparable, the 3QQQ.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 3QQQ.L's 55.82% return.
5QQQ.L
- 1D
- -3.36%
- 1M
- 46.02%
- YTD
- 92.08%
- 6M
- 79.80%
- 1Y
- 213.52%
- 3Y*
- 69.87%
- 5Y*
- —
- 10Y*
- —
3QQQ.L
- 1D
- -1.99%
- 1M
- 28.14%
- YTD
- 55.82%
- 6M
- 48.52%
- 1Y
- 122.07%
- 3Y*
- 52.15%
- 5Y*
- —
- 10Y*
- —
5QQQ.L vs. 3QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
5QQQ.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 92.08% | -4.78% | 76.82% | 401.38% | -75.02% |
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 55.82% | 5.78% | 63.73% | 172.86% | -55.10% |
Correlation
The correlation between 5QQQ.L and 3QQQ.L is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.92 |
The correlation between 5QQQ.L and 3QQQ.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
5QQQ.L vs. 3QQQ.L — Risk / Return Rank
5QQQ.L
3QQQ.L
5QQQ.L vs. 3QQQ.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 Long US Tech 100 ETP Securities (3QQQ.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 | 3QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 2.56 | +0.83 |
| Martin ratioReturn relative to average drawdown | 7.76 | 5.32 | +2.43 |
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 | 3QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.93 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.55 | -0.60 |
Drawdowns
5QQQ.L vs. 3QQQ.L - Drawdown Comparison
The maximum 5QQQ.L drawdown since its inception was -95.97%, which is greater than 3QQQ.L's maximum drawdown of -58.71%. Use the drawdown chart below to compare losses from any high point for 5QQQ.L and 3QQQ.L.
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Drawdown Indicators
| 5QQQ.L | 3QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.97% | -58.71% | -37.26% |
Max Drawdown (1Y)Largest decline over 1 year | -62.48% | -47.38% | -15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -80.23% | -58.71% | -21.52% |
Current DrawdownCurrent decline from peak | -31.50% | -1.99% | -29.51% |
Average DrawdownAverage peak-to-trough decline | -74.65% | -20.53% | -54.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 22.84% | +4.56% |
Volatility
5QQQ.L vs. 3QQQ.L - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) has a higher volatility of 23.67% compared to Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) at 14.48%. This indicates that 5QQQ.L's price experiences larger fluctuations and is considered to be riskier than 3QQQ.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 | 3QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.67% | 14.48% | +9.19% |
Volatility (6M)Calculated over the trailing 6-month period | 56.95% | 33.01% | +23.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.96% | 63.04% | +25.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.45% | 62.77% | +42.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.45% | 62.77% | +42.68% |
5QQQ.L vs. 3QQQ.L - Expense Ratio Comparison
5QQQ.L has a 0.75% expense ratio, which is higher than 3QQQ.L's 0.01% expense ratio.
Dividends
5QQQ.L vs. 3QQQ.L - Dividend Comparison
Neither 5QQQ.L nor 3QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, 5QQQ.L and 3QQQ.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.
On fees, 3QQQ.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3QQQ.L is cheaper with a 0.01% expense ratio, compared with 0.75% for 5QQQ.L.
5QQQ.L is categorized as Nasdaq-100, while 3QQQ.L is Leveraged Equities. Their fees differ too: 0.75% for 5QQQ.L and 0.01% for 3QQQ.L.
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