5SPY.L vs. LQQ3.L
5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) and LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - 5SPY.L is a Leveraged Equities fund actively managed by Leverage Shares, while LQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. 5SPY.L is actively managed, while LQQ3.L is passively managed. Over the past 3 years, 5SPY.L returned 55.62%/yr vs 64.04%/yr for LQQ3.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
5SPY.L vs. LQQ3.L - Performance Comparison
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Different Trading Currencies
5SPY.L is traded in USD, while LQQ3.L is traded in GBp. To make them comparable, the LQQ3.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5SPY.L achieves a 35.46% return, which is significantly lower than LQQ3.L's 56.11% return.
5SPY.L
- 1D
- 0.00%
- 1M
- 22.23%
- YTD
- 35.46%
- 6M
- 35.04%
- 1Y
- 119.12%
- 3Y*
- 55.62%
- 5Y*
- —
- 10Y*
- —
LQQ3.L
- 1D
- -1.87%
- 1M
- 25.99%
- YTD
- 56.11%
- 6M
- 52.13%
- 1Y
- 124.82%
- 3Y*
- 64.04%
- 5Y*
- 26.79%
- 10Y*
- —
5SPY.L vs. LQQ3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 35.46% | 1.52% | 98.06% | 100.80% | -80.81% | 13.40% |
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.11% | 27.94% | 59.80% | 207.47% | -79.55% | 11.31% |
Correlation
The correlation between 5SPY.L and LQQ3.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.92 |
The correlation between 5SPY.L and LQQ3.L has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
5SPY.L vs. LQQ3.L — Risk / Return Rank
5SPY.L
LQQ3.L
5SPY.L vs. LQQ3.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 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.
| 5SPY.L | LQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 3.48 | -0.71 |
| Martin ratioReturn relative to average drawdown | 9.39 | 11.00 | -1.62 |
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 | LQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.68 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.67 | -0.62 |
Drawdowns
5SPY.L vs. LQQ3.L - Drawdown Comparison
The maximum 5SPY.L drawdown since its inception was -82.86%, roughly equal to the maximum LQQ3.L drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for 5SPY.L and LQQ3.L.
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Drawdown Indicators
| 5SPY.L | LQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -81.30% | -1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -42.76% | -35.68% | -7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -58.28% | -14.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.30% | — |
Current DrawdownCurrent decline from peak | -2.73% | -2.28% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -50.64% | -24.18% | -26.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 11.30% | +1.34% |
Volatility
5SPY.L vs. LQQ3.L - Volatility Comparison
Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) has a higher volatility of 15.12% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) at 13.98%. This indicates that 5SPY.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
| 5SPY.L | LQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.12% | 13.98% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 40.00% | 34.00% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 46.34% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.23% | 61.33% | +16.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.23% | 61.02% | +17.21% |
5SPY.L vs. LQQ3.L - Expense Ratio Comparison
Both 5SPY.L and LQQ3.L have an expense ratio of 0.75%.
Dividends
5SPY.L vs. LQQ3.L - Dividend Comparison
Neither 5SPY.L nor LQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, 5SPY.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.
5SPY.L and LQQ3.L have the same expense ratio: 0.75% per year.
5SPY.L is categorized as Leveraged Equities, while LQQ3.L is Nasdaq-100. They also come from different issuers: Leverage Shares and WisdomTree.
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