COFF.L vs. QQQ3.L

Last updated Jun 5, 2026

COFF.L (WisdomTree Coffee) and QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - COFF.L is a Agricultural Commodities fund tracking the Bloomberg Coffee, while QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, COFF.L returned 4.55%/yr vs 43.93%/yr for QQQ3.L. At a 0.07 correlation, their price movements are largely independent. COFF.L charges 0.49%/yr vs 0.75%/yr for QQQ3.L.

Performance

COFF.L vs. QQQ3.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Coffee (COFF.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COFF.L achieves a -26.25% return, which is significantly lower than QQQ3.L's 56.06% return. Over the past 10 years, COFF.L has underperformed QQQ3.L with an annualized return of 4.55%, while QQQ3.L has yielded a comparatively higher 43.93% annualized return.

COFF.L

• 1D: -2.94%
• 1M: -15.62%
• YTD: -26.25%
• 6M: -31.38%
• 1Y: -17.13%
• 3Y*: 24.64%
• 5Y*: 17.48%
• 10Y*: 4.55%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COFF.L vs. QQQ3.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COFF.L WisdomTree Coffee	-26.25%	29.87%	74.91%	24.52%	-20.98%	63.12%	-12.25%	13.69%	-27.12%	-17.66%
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 COFF.L and QQQ3.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Dec 28, 2012	0.07

Return for Risk

COFF.L vs. QQQ3.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COFF.L

COFF.L Risk / Return Rank: 5
COFF.L Sharpe Ratio Rank: 5
COFF.L Sortino Ratio Rank: 5
COFF.L Omega Ratio Rank: 5
COFF.L Calmar Ratio Rank: 5
COFF.L Martin Ratio Rank: 4

QQQ3.L

QQQ3.L Risk / Return Rank: 69
QQQ3.L Sharpe Ratio Rank: 82
QQQ3.L Sortino Ratio Rank: 68
QQQ3.L Omega Ratio Rank: 64
QQQ3.L Calmar Ratio Rank: 70
QQQ3.L Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COFF.L vs. QQQ3.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Coffee (COFF.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.

	COFF.L	QQQ3.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	2.63	-3.13
Sortino ratio: Return per unit of downside risk	-0.50	3.07	-3.58
Omega ratio: Gain probability vs. loss probability	0.94	1.38	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.49	3.44	-3.93
Martin ratio: Return relative to average drawdown	-0.99	10.78	-11.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COFF.L vs. QQQ3.L - Sharpe Ratio Comparison

The current COFF.L Sharpe Ratio is -0.49, which is lower than the QQQ3.L Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of COFF.L and QQQ3.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COFF.L	QQQ3.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	2.63	-3.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.43	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.73	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.82	-0.86

Drawdowns

COFF.L vs. QQQ3.L - Drawdown Comparison

The maximum COFF.L drawdown since its inception was -88.11%, which is greater than QQQ3.L's maximum drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for COFF.L and QQQ3.L.

Drawdown Indicators

	COFF.L	QQQ3.L	Difference
Max Drawdown Largest peak-to-trough decline	-88.11%	-81.35%	-6.76%
Max Drawdown (1Y) Largest decline over 1 year	-35.03%	-35.92%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-35.03%	-58.20%	+23.17%
Max Drawdown (5Y) Largest decline over 5 years	-41.94%	-81.35%	+39.41%
Max Drawdown (10Y) Largest decline over 10 years	-64.13%	-81.35%	+17.22%
Current Drawdown Current decline from peak	-59.32%	-2.48%	-56.84%
Average Drawdown Average peak-to-trough decline	-58.91%	-19.62%	-39.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.36%	11.49%	+5.87%

Volatility

COFF.L vs. QQQ3.L - Volatility Comparison

The current volatility for WisdomTree Coffee (COFF.L) is 8.89%, while WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a volatility of 14.73%. This indicates that COFF.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.

Volatility by Period

	COFF.L	QQQ3.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.89%	14.73%	-5.84%
Volatility (6M) Calculated over the trailing 6-month period	22.24%	34.78%	-12.54%
Volatility (1Y) Calculated over the trailing 1-year period	34.56%	47.01%	-12.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.95%	62.24%	-27.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.52%	59.91%	-28.39%

COFF.L vs. QQQ3.L - Expense Ratio Comparison

COFF.L has a 0.49% expense ratio, which is lower than QQQ3.L's 0.75% expense ratio.

Dividends

COFF.L vs. QQQ3.L - Dividend Comparison

Neither COFF.L nor QQQ3.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COFF.L and QQQ3.L in my portfolio?

COFF.L and QQQ3.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COFF.L or QQQ3.L?

On fees, COFF.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COFF.L or QQQ3.L?

COFF.L is cheaper with a 0.49% expense ratio, compared with 0.75% for QQQ3.L.

What is the main difference between COFF.L and QQQ3.L?

COFF.L is categorized as Agricultural Commodities, while QQQ3.L is Nasdaq-100. COFF.L tracks Bloomberg Coffee, while QQQ3.L tracks NASDAQ-100 Index (300%). Their fees differ too: 0.49% for COFF.L and 0.75% for QQQ3.L.