HQU.TO vs. 3XLE.L

Last updated Apr 1, 2026

Compare and contrast key facts about BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L).

HQU.TO and 3XLE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HQU.TO is managed by Global X. 3XLE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021.

Performance

HQU.TO vs. 3XLE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L). The values are adjusted to include any dividend payments, if applicable.

HQU.TO vs. 3XLE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	-19.26%	26.77%	40.01%	114.00%	-61.73%	5.71%
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP	156.44%	-15.58%	-6.73%	-27.25%	176.45%	-2.04%

Different Trading Currencies

HQU.TO is traded in CAD, while 3XLE.L is traded in GBp. To make them comparable, the 3XLE.L values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HQU.TO achieves a -19.26% return, which is significantly lower than 3XLE.L's 156.44% return.

HQU.TO

• 1D: -1.54%
• 1M: -16.22%
• YTD: -19.26%
• 6M: -17.81%
• 1Y: 25.75%
• 3Y*: 29.55%
• 5Y*: 12.05%
• 10Y*: 25.93%

3XLE.L

• 1D: -1.62%
• 1M: 46.96%
• YTD: 156.44%
• 6M: 150.57%
• 1Y: 70.19%
• 3Y*: 22.10%
• 5Y*: —
• 10Y*: —

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

HQU.TO vs. 3XLE.L - Expense Ratio Comparison

3XLE.L

Leverage Shares 3x Long Oil & Gas ETP Securities GBP

Return for Risk

HQU.TO vs. 3XLE.L — Risk / Return Rank

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

HQU.TO

HQU.TO Risk / Return Rank: 33
HQU.TO Sharpe Ratio Rank: 30
HQU.TO Sortino Ratio Rank: 37
HQU.TO Omega Ratio Rank: 38
HQU.TO Calmar Ratio Rank: 29
HQU.TO Martin Ratio Rank: 28

3XLE.L

3XLE.L Risk / Return Rank: 51
3XLE.L Sharpe Ratio Rank: 58
3XLE.L Sortino Ratio Rank: 60
3XLE.L Omega Ratio Rank: 57
3XLE.L Calmar Ratio Rank: 53
3XLE.L Martin Ratio Rank: 27

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.

HQU.TO vs. 3XLE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.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.

	HQU.TO	3XLE.L	Difference
Sharpe ratio Return per unit of total volatility	0.58	1.02	-0.44
Sortino ratio Return per unit of downside risk	1.12	1.53	-0.42
Omega ratio Gain probability vs. loss probability	1.16	1.22	-0.06
Calmar ratio Return relative to maximum drawdown	0.73	1.37	-0.64
Martin ratio Return relative to average drawdown	2.41	2.23	+0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HQU.TO vs. 3XLE.L - Sharpe Ratio Comparison

The current HQU.TO Sharpe Ratio is 0.58, which is lower than the 3XLE.L Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of HQU.TO and 3XLE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HQU.TO	3XLE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	1.02	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.50	-0.46

Correlation

The correlation between HQU.TO and 3XLE.L is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HQU.TO vs. 3XLE.L - Dividend Comparison

Neither HQU.TO nor 3XLE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

HQU.TO vs. 3XLE.L - Drawdown Comparison

The maximum HQU.TO drawdown since its inception was -95.76%, which is greater than 3XLE.L's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for HQU.TO and 3XLE.L.

Drawdown Indicators

	HQU.TO	3XLE.L	Difference
Max Drawdown Largest peak-to-trough decline	-95.76%	-74.89%	-20.87%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-51.60%	+25.75%
Max Drawdown (5Y) Largest decline over 5 years	-64.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	—	—
Current Drawdown Current decline from peak	-25.85%	-11.27%	-14.58%
Average Drawdown Average peak-to-trough decline	-55.80%	-45.52%	-10.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.85%	32.36%	-24.51%

Volatility

HQU.TO vs. 3XLE.L - Volatility Comparison

The current volatility for BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) is 11.02%, while Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a volatility of 19.62%. This indicates that HQU.TO experiences smaller price fluctuations and is considered to be less risky than 3XLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HQU.TO	3XLE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.02%	19.62%	-8.60%
Volatility (6M) Calculated over the trailing 6-month period	24.66%	42.03%	-17.37%
Volatility (1Y) Calculated over the trailing 1-year period	44.35%	68.90%	-24.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.83%	80.65%	-35.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.72%	80.65%	-35.93%