CNDX.L vs. LQQ3.L
CNDX.L (iShares NASDAQ 100 UCITS ETF) and LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both Nasdaq-100 funds - CNDX.L tracks the NASDAQ-100 Index while LQQ3.L tracks the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 5 years, CNDX.L returned 17.61%/yr vs 26.79%/yr for LQQ3.L. With a 0.99 correlation, they move nearly in lockstep. CNDX.L charges 0.33%/yr vs 0.75%/yr for LQQ3.L.
Performance
CNDX.L vs. LQQ3.L - Performance Comparison
Loading charts...
Different Trading Currencies
CNDX.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, CNDX.L achieves a 19.65% return, which is significantly lower than LQQ3.L's 56.12% return.
CNDX.L
- 1D
- -0.66%
- 1M
- 6.81%
- YTD
- 19.65%
- 6M
- 18.66%
- 1Y
- 39.29%
- 3Y*
- 27.98%
- 5Y*
- 17.61%
- 10Y*
- 21.62%
LQQ3.L
- 1D
- -1.87%
- 1M
- 20.05%
- YTD
- 56.12%
- 6M
- 49.81%
- 1Y
- 119.88%
- 3Y*
- 64.04%
- 5Y*
- 26.79%
- 10Y*
- —
CNDX.L vs. LQQ3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 19.65% | 19.75% | 26.45% | 56.31% | -33.45% | 27.96% | 48.33% | 38.07% | -1.03% | 20.79% |
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.12% | 27.94% | 59.80% | 207.47% | -79.55% | 88.13% | 109.20% | 130.73% | -21.54% | 63.57% |
Correlation
The correlation between CNDX.L and LQQ3.L is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.99 |
The correlation between CNDX.L and LQQ3.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CNDX.L vs. LQQ3.L — Risk / Return Rank
CNDX.L
LQQ3.L
CNDX.L vs. LQQ3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.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.
| CNDX.L | LQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.48 | +0.13 |
| Martin ratioReturn relative to average drawdown | 13.03 | 11.00 | +2.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CNDX.L | LQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.68 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.44 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.67 | +0.45 |
Drawdowns
CNDX.L vs. LQQ3.L - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.17%, smaller than the maximum LQQ3.L drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for CNDX.L and LQQ3.L.
Loading charts...
Drawdown Indicators
| CNDX.L | LQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.17% | -81.30% | +46.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -35.68% | +24.68% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -58.28% | +35.84% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -81.30% | +46.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.17% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -2.28% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -24.18% | +18.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 11.30% | -8.23% |
Volatility
CNDX.L vs. LQQ3.L - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.L) is 4.90%, while WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) has a volatility of 13.97%. This indicates that CNDX.L experiences smaller price fluctuations and is considered to be less risky than LQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CNDX.L | LQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 13.97% | -9.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 34.00% | -22.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 46.34% | -30.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 61.33% | -40.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 61.02% | -40.95% |
CNDX.L vs. LQQ3.L - Expense Ratio Comparison
CNDX.L has a 0.33% expense ratio, which is lower than LQQ3.L's 0.75% expense ratio.
Dividends
CNDX.L vs. LQQ3.L - Dividend Comparison
Neither CNDX.L nor LQQ3.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% |
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, CNDX.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.
On fees, CNDX.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.L is cheaper with a 0.33% expense ratio, compared with 0.75% for LQQ3.L.
CNDX.L tracks NASDAQ-100 Index, while LQQ3.L tracks NASDAQ-100 Notional Net Total Return Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.33% for CNDX.L and 0.75% for LQQ3.L.
Find the right allocation for CNDX.L and LQQ3.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer