5QQQ.L vs. LQQ3.L
5QQQ.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) and LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both Nasdaq-100 funds. 5QQQ.L is actively managed, while LQQ3.L is passively managed. Over the past 3 years, 5QQQ.L returned 69.87%/yr vs 59.92%/yr for LQQ3.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.75% expense ratio.
Performance
5QQQ.L vs. LQQ3.L - Performance Comparison
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Returns By Period
In the year-to-date period, 5QQQ.L achieves a 92.08% return, which is significantly higher than LQQ3.L's 56.49% return.
5QQQ.L
- 1D
- -3.36%
- 1M
- 46.02%
- YTD
- 92.08%
- 6M
- 79.80%
- 1Y
- 213.52%
- 3Y*
- 69.87%
- 5Y*
- —
- 10Y*
- —
LQQ3.L
- 1D
- -1.92%
- 1M
- 27.07%
- YTD
- 56.49%
- 6M
- 51.01%
- 1Y
- 126.98%
- 3Y*
- 59.92%
- 5Y*
- 28.14%
- 10Y*
- —
5QQQ.L vs. LQQ3.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% |
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.49% | 18.96% | 62.50% | 192.06% | -77.11% | 8.78% |
Correlation
The correlation between 5QQQ.L and LQQ3.L is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.98 |
The correlation between 5QQQ.L and LQQ3.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
5QQQ.L vs. LQQ3.L — Risk / Return Rank
5QQQ.L
LQQ3.L
5QQQ.L vs. LQQ3.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 WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.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 | LQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 3.54 | -0.15 |
| Martin ratioReturn relative to average drawdown | 7.76 | 10.50 | -2.75 |
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 | LQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 2.80 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.66 | -0.70 |
Drawdowns
5QQQ.L vs. LQQ3.L - Drawdown Comparison
The maximum 5QQQ.L drawdown since its inception was -95.97%, which is greater than LQQ3.L's maximum drawdown of -79.16%. Use the drawdown chart below to compare losses from any high point for 5QQQ.L and LQQ3.L.
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Drawdown Indicators
| 5QQQ.L | LQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.97% | -79.16% | -16.81% |
Max Drawdown (1Y)Largest decline over 1 year | -62.48% | -35.64% | -26.84% |
Max Drawdown (3Y)Largest decline over 3 years | -80.23% | -58.39% | -21.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.16% | — |
Current DrawdownCurrent decline from peak | -31.50% | -1.98% | -29.52% |
Average DrawdownAverage peak-to-trough decline | -74.65% | -23.34% | -51.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 12.04% | +15.36% |
Volatility
5QQQ.L vs. LQQ3.L - Volatility Comparison
Leverage Shares 5x Long Nasdaq 100 ETP Securities (5QQQ.L) has a higher volatility of 23.67% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) at 13.74%. This indicates that 5QQQ.L's price experiences larger fluctuations and is considered to be riskier than LQQ3.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 | LQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.67% | 13.74% | +9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 56.95% | 32.87% | +24.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.96% | 45.12% | +43.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.45% | 59.25% | +46.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.45% | 59.45% | +46.00% |
5QQQ.L vs. LQQ3.L - Expense Ratio Comparison
Both 5QQQ.L and LQQ3.L have an expense ratio of 0.75%.
Dividends
5QQQ.L vs. LQQ3.L - Dividend Comparison
Neither 5QQQ.L nor LQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, 5QQQ.L and LQQ3.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.
5QQQ.L and LQQ3.L have the same expense ratio: 0.75% per year.
They also come from different issuers: Leverage Shares and WisdomTree.
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