5SPY.L vs. 3QQQ.L
5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) and 3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 5SPY.L returned 55.62%/yr vs 56.07%/yr for 3QQQ.L. Their correlation of 0.88 suggests significant overlap in exposure. 5SPY.L charges 0.75%/yr vs 0.01%/yr for 3QQQ.L.
Performance
5SPY.L vs. 3QQQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, 5SPY.L achieves a 35.46% return, which is significantly lower than 3QQQ.L's 55.20% return.
5SPY.L
- 1D
- 0.00%
- 1M
- 22.23%
- YTD
- 35.46%
- 6M
- 35.04%
- 1Y
- 119.12%
- 3Y*
- 55.62%
- 5Y*
- —
- 10Y*
- —
3QQQ.L
- 1D
- -1.99%
- 1M
- 26.97%
- YTD
- 55.20%
- 6M
- 49.56%
- 1Y
- 119.94%
- 3Y*
- 56.07%
- 5Y*
- —
- 10Y*
- —
5SPY.L vs. 3QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 35.46% | 1.52% | 98.06% | 100.80% | -52.48% |
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 55.20% | 13.90% | 60.92% | 187.21% | -56.66% |
Correlation
The correlation between 5SPY.L and 3QQQ.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.88 |
The correlation between 5SPY.L and 3QQQ.L has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
5SPY.L vs. 3QQQ.L — Risk / Return Rank
5SPY.L
3QQQ.L
5SPY.L vs. 3QQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long US 500 ETP Securities (5SPY.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.
| 5SPY.L | 3QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.49 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.39 | 5.31 | +4.07 |
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
| 5SPY.L | 3QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.89 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.59 | -0.53 |
Drawdowns
5SPY.L vs. 3QQQ.L - Drawdown Comparison
The maximum 5SPY.L drawdown since its inception was -82.86%, which is greater than 3QQQ.L's maximum drawdown of -58.93%. Use the drawdown chart below to compare losses from any high point for 5SPY.L and 3QQQ.L.
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Drawdown Indicators
| 5SPY.L | 3QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -58.93% | -23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -42.76% | -47.89% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -57.67% | -14.88% |
Current DrawdownCurrent decline from peak | -2.73% | -2.21% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -50.64% | -20.59% | -30.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 22.48% | -9.84% |
Volatility
5SPY.L vs. 3QQQ.L - Volatility Comparison
Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) have volatilities of 15.12% and 14.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5SPY.L | 3QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.12% | 14.43% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 40.00% | 33.36% | +6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 63.01% | -7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.23% | 63.47% | +14.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.23% | 63.47% | +14.76% |
5SPY.L vs. 3QQQ.L - Expense Ratio Comparison
5SPY.L has a 0.75% expense ratio, which is higher than 3QQQ.L's 0.01% expense ratio.
Dividends
5SPY.L vs. 3QQQ.L - Dividend Comparison
Neither 5SPY.L nor 3QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
5SPY.L and 3QQQ.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 5SPY.L.
Their fees differ too: 0.75% for 5SPY.L and 0.01% for 3QQQ.L.
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