CHI3.L vs. QQQ3.L
CHI3.L (Leverage Shares 3x Long China ETP Securities) and QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - CHI3.L is a Leveraged Equities fund actively managed by Leverage Shares, while QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%). CHI3.L is actively managed, while QQQ3.L is passively managed. Over the past 3 years, CHI3.L returned -10.54%/yr vs 64.10%/yr for QQQ3.L. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
CHI3.L vs. QQQ3.L - Performance Comparison
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Returns By Period
In the year-to-date period, CHI3.L achieves a -29.68% return, which is significantly lower than QQQ3.L's 56.06% return.
CHI3.L
- 1D
- -1.37%
- 1M
- -9.83%
- YTD
- -29.68%
- 6M
- -34.17%
- 1Y
- -15.99%
- 3Y*
- -10.54%
- 5Y*
- —
- 10Y*
- —
QQQ3.L
- 1D
- -2.48%
- 1M
- 25.62%
- YTD
- 56.06%
- 6M
- 51.95%
- 1Y
- 124.35%
- 3Y*
- 64.10%
- 5Y*
- 26.81%
- 10Y*
- 43.93%
CHI3.L vs. QQQ3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CHI3.L Leverage Shares 3x Long China ETP Securities | -29.68% | 49.93% | 6.28% | -53.62% | -44.29% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.06% | 27.64% | 59.91% | 209.50% | -48.00% |
Correlation
The correlation between CHI3.L and QQQ3.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.37 |
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Return for Risk
CHI3.L vs. QQQ3.L — Risk / Return Rank
CHI3.L
QQQ3.L
CHI3.L vs. QQQ3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long China ETP Securities (CHI3.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.
| CHI3.L | QQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.38 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 3.44 | -3.74 |
| Martin ratioReturn relative to average drawdown | -0.57 | 10.78 | -11.35 |
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
| CHI3.L | QQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 2.63 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | 0.82 | -1.14 |
Drawdowns
CHI3.L vs. QQQ3.L - Drawdown Comparison
The maximum CHI3.L drawdown since its inception was -84.78%, roughly equal to the maximum QQQ3.L drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for CHI3.L and QQQ3.L.
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Drawdown Indicators
| CHI3.L | QQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -81.35% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -53.06% | -35.92% | -17.14% |
Max Drawdown (3Y)Largest decline over 3 years | -65.90% | -58.20% | -7.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.35% | — |
Current DrawdownCurrent decline from peak | -75.11% | -2.48% | -72.63% |
Average DrawdownAverage peak-to-trough decline | -64.47% | -19.62% | -44.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.04% | 11.49% | +16.55% |
Volatility
CHI3.L vs. QQQ3.L - Volatility Comparison
Leverage Shares 3x Long China ETP Securities (CHI3.L) has a higher volatility of 24.11% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) at 14.73%. This indicates that CHI3.L's price experiences larger fluctuations and is considered to be riskier 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
| CHI3.L | QQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.11% | 14.73% | +9.38% |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | 34.78% | +8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.52% | 47.01% | +12.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.76% | 62.24% | +21.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.76% | 59.91% | +23.85% |
CHI3.L vs. QQQ3.L - Expense Ratio Comparison
Both CHI3.L and QQQ3.L have an expense ratio of 0.75%.
Dividends
CHI3.L vs. QQQ3.L - Dividend Comparison
Neither CHI3.L nor QQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
CHI3.L and QQQ3.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CHI3.L and QQQ3.L have the same expense ratio: 0.75% per year.
CHI3.L is categorized as Leveraged Equities, while QQQ3.L is Nasdaq-100. They also come from different issuers: Leverage Shares and WisdomTree.
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