HQU.TO vs. MRN3.L
Compare and contrast key facts about BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and Leverage Shares 3x Long Moderna (MRNA) ETP Securities (MRN3.L).
HQU.TO and MRN3.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. MRN3.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x MRNA Index. It was launched on Dec 10, 2021.
Performance
HQU.TO vs. MRN3.L - Performance Comparison
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HQU.TO vs. MRN3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF | -13.35% | 26.77% | 40.01% | 114.00% | -61.73% | 0.24% |
MRN3.L Leverage Shares 3x Long Moderna (MRNA) ETP Securities | 188.96% | -93.96% | -98.39% | -92.95% | -91.68% | -37.15% |
Different Trading Currencies
HQU.TO is traded in CAD, while MRN3.L is traded in USD. To make them comparable, the MRN3.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 -13.35% return, which is significantly lower than MRN3.L's 188.96% return.
HQU.TO
- 1D
- 7.32%
- 1M
- -10.19%
- YTD
- -13.35%
- 6M
- -12.59%
- 1Y
- 32.69%
- 3Y*
- 32.64%
- 5Y*
- 12.86%
- 10Y*
- 26.83%
MRN3.L
- 1D
- 4.99%
- 1M
- -26.89%
- YTD
- 188.96%
- 6M
- 152.51%
- 1Y
- 20.43%
- 3Y*
- -92.51%
- 5Y*
- —
- 10Y*
- —
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HQU.TO vs. MRN3.L - Expense Ratio Comparison
Return for Risk
HQU.TO vs. MRN3.L — Risk / Return Rank
HQU.TO
MRN3.L
HQU.TO vs. MRN3.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 Moderna (MRNA) ETP Securities (MRN3.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 | MRN3.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.10 | +0.69 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.82 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.30 | +1.04 |
Martin ratioReturn relative to average drawdown | 4.37 | 0.49 | +3.88 |
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
| HQU.TO | MRN3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.10 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.43 | +0.47 |
Correlation
The correlation between HQU.TO and MRN3.L is 0.16, 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. MRN3.L - Dividend Comparison
Neither HQU.TO nor MRN3.L has paid dividends to shareholders.
Drawdowns
HQU.TO vs. MRN3.L - Drawdown Comparison
The maximum HQU.TO drawdown since its inception was -95.76%, roughly equal to the maximum MRN3.L drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for HQU.TO and MRN3.L.
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Drawdown Indicators
| HQU.TO | MRN3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.76% | -100.00% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -25.85% | -81.28% | +55.43% |
Max Drawdown (5Y)Largest decline over 5 years | -64.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.83% | — | — |
Current DrawdownCurrent decline from peak | -20.43% | -100.00% | +79.57% |
Average DrawdownAverage peak-to-trough decline | -55.79% | -97.52% | +41.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 49.36% | -41.41% |
Volatility
HQU.TO vs. MRN3.L - Volatility Comparison
The current volatility for BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) is 13.55%, while Leverage Shares 3x Long Moderna (MRNA) ETP Securities (MRN3.L) has a volatility of 67.53%. This indicates that HQU.TO experiences smaller price fluctuations and is considered to be less risky than MRN3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HQU.TO | MRN3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.55% | 67.53% | -53.98% |
Volatility (6M)Calculated over the trailing 6-month period | 25.67% | 163.14% | -137.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.85% | 213.19% | -168.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.92% | 222.22% | -177.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.77% | 222.22% | -177.45% |