ANXU.L vs. QQQ3.L
ANXU.L (Amundi Nasdaq-100 UCITS USD) and QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both Nasdaq-100 funds - ANXU.L tracks the Russell 1000 Growth TR USD while QQQ3.L tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, ANXU.L returned 21.70%/yr vs 43.93%/yr for QQQ3.L. Their correlation of 0.82 suggests significant overlap in exposure. ANXU.L charges 0.13%/yr vs 0.75%/yr for QQQ3.L.
Performance
ANXU.L vs. QQQ3.L - Performance Comparison
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Returns By Period
In the year-to-date period, ANXU.L achieves a 19.66% return, which is significantly lower than QQQ3.L's 56.06% return. Over the past 10 years, ANXU.L has underperformed QQQ3.L with an annualized return of 21.70%, while QQQ3.L has yielded a comparatively higher 43.93% annualized return.
ANXU.L
- 1D
- -0.70%
- 1M
- 6.79%
- YTD
- 19.66%
- 6M
- 18.74%
- 1Y
- 39.57%
- 3Y*
- 28.16%
- 5Y*
- 17.78%
- 10Y*
- 21.70%
QQQ3.L
- 1D
- -2.48%
- 1M
- 19.87%
- YTD
- 56.06%
- 6M
- 50.04%
- 1Y
- 119.69%
- 3Y*
- 64.10%
- 5Y*
- 26.81%
- 10Y*
- 43.93%
ANXU.L vs. QQQ3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANXU.L Amundi Nasdaq-100 UCITS USD | 19.66% | 19.86% | 26.74% | 56.50% | -33.24% | 27.83% | 47.17% | 40.88% | -1.76% | 32.21% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.06% | 27.64% | 59.91% | 209.50% | -79.58% | 87.37% | 110.13% | 128.92% | -21.29% | 114.27% |
Correlation
The correlation between ANXU.L and QQQ3.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2012 | 0.82 |
The correlation between ANXU.L and QQQ3.L shifts across timeframes, from 0.82 (all time) to 0.99 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ANXU.L vs. QQQ3.L — Risk / Return Rank
ANXU.L
QQQ3.L
ANXU.L vs. QQQ3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Nasdaq-100 UCITS USD (ANXU.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.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.
| ANXU.L | QQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.38 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 3.44 | +0.22 |
| Martin ratioReturn relative to average drawdown | 13.14 | 10.78 | +2.36 |
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
| ANXU.L | QQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.63 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.43 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 0.73 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.82 | +0.38 |
Drawdowns
ANXU.L vs. QQQ3.L - Drawdown Comparison
The maximum ANXU.L drawdown since its inception was -35.13%, smaller than the maximum QQQ3.L drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for ANXU.L and QQQ3.L.
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Drawdown Indicators
| ANXU.L | QQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.13% | -81.35% | +46.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -35.92% | +24.91% |
Max Drawdown (3Y)Largest decline over 3 years | -22.45% | -58.20% | +35.75% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | -81.35% | +46.22% |
Max Drawdown (10Y)Largest decline over 10 years | -35.13% | -81.35% | +46.22% |
Current DrawdownCurrent decline from peak | -0.77% | -2.48% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -19.62% | +13.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 11.49% | -8.41% |
Volatility
ANXU.L vs. QQQ3.L - Volatility Comparison
The current volatility for Amundi Nasdaq-100 UCITS USD (ANXU.L) is 5.03%, while WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a volatility of 14.73%. This indicates that ANXU.L experiences smaller price fluctuations and is considered to be less risky than QQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANXU.L | QQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 14.73% | -9.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.93% | 34.78% | -22.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 47.01% | -31.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 62.24% | -41.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 59.91% | -38.76% |
ANXU.L vs. QQQ3.L - Expense Ratio Comparison
ANXU.L has a 0.13% expense ratio, which is lower than QQQ3.L's 0.75% expense ratio.
Dividends
ANXU.L vs. QQQ3.L - Dividend Comparison
Neither ANXU.L nor QQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, ANXU.L and QQQ3.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, ANXU.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ANXU.L is cheaper with a 0.13% expense ratio, compared with 0.75% for QQQ3.L.
ANXU.L tracks Russell 1000 Growth TR USD, while QQQ3.L tracks NASDAQ-100 Index (300%). They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.13% for ANXU.L and 0.75% for QQQ3.L.
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