IH2O.L vs. QQQ3.L
IH2O.L (iShares Global Water UCITS ETF) and QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - IH2O.L is a Water Equities fund tracking the S&P Global Water TR, while QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, IH2O.L returned 10.37%/yr vs 46.84%/yr for QQQ3.L. A 0.56 correlation means they provide meaningful diversification when combined. IH2O.L charges 0.65%/yr vs 0.75%/yr for QQQ3.L.
Performance
IH2O.L vs. QQQ3.L - Performance Comparison
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Different Trading Currencies
IH2O.L is traded in GBp, while QQQ3.L is traded in USD. To make them comparable, the QQQ3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IH2O.L achieves a 4.32% return, which is significantly lower than QQQ3.L's 39.39% return. Over the past 10 years, IH2O.L has underperformed QQQ3.L with an annualized return of 10.37%, while QQQ3.L has yielded a comparatively higher 46.84% annualized return.
IH2O.L
- 1D
- 1.79%
- 1M
- 4.95%
- YTD
- 4.32%
- 6M
- 4.85%
- 1Y
- 10.39%
- 3Y*
- 8.66%
- 5Y*
- 6.35%
- 10Y*
- 10.37%
QQQ3.L
- 1D
- -2.48%
- 1M
- -7.22%
- YTD
- 39.39%
- 6M
- 36.71%
- 1Y
- 90.97%
- 3Y*
- 53.54%
- 5Y*
- 21.58%
- 10Y*
- 46.84%
IH2O.L vs. QQQ3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IH2O.L iShares Global Water UCITS ETF | 4.32% | 9.75% | 6.03% | 7.33% | -11.32% | 32.25% | 11.29% | 29.42% | -5.41% | 15.67% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 39.39% | 18.54% | 62.70% | 194.03% | -77.15% | 89.15% | 124.55% | 120.21% | -16.62% | 95.74% |
Correlation
The correlation between IH2O.L and QQQ3.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2012 | 0.56 |
Over the past year, the correlation between IH2O.L and QQQ3.L has dropped to 0.20 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
IH2O.L vs. QQQ3.L — Risk / Return Rank
IH2O.L
QQQ3.L
IH2O.L vs. QQQ3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF (IH2O.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IH2O.L | QQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.52 | -1.54 |
| Martin ratioReturn relative to average drawdown | 2.40 | 7.25 | -4.85 |
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Drawdowns
IH2O.L vs. QQQ3.L - Drawdown Comparison
The maximum IH2O.L drawdown since its inception was -67.32%, smaller than the maximum QQQ3.L drawdown of -79.21%. Use the drawdown chart below to compare losses from any high point for IH2O.L and QQQ3.L.
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Drawdown Indicators
| IH2O.L | QQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.32% | -79.21% | +11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -35.87% | +25.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -58.56% | +44.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -79.21% | +56.02% |
Max Drawdown (10Y)Largest decline over 10 years | -27.16% | -79.21% | +52.05% |
Current DrawdownCurrent decline from peak | -3.60% | -13.25% | +9.65% |
Average DrawdownAverage peak-to-trough decline | -20.52% | -18.25% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 12.51% | -8.19% |
Volatility
IH2O.L vs. QQQ3.L - Volatility Comparison
The current volatility for iShares Global Water UCITS ETF (IH2O.L) is 4.25%, while WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a volatility of 19.34%. This indicates that IH2O.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.
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Volatility by Period
| IH2O.L | QQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 19.34% | -15.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 37.92% | -27.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 48.77% | -36.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 60.81% | -46.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 58.92% | -44.01% |
IH2O.L vs. QQQ3.L - Expense Ratio Comparison
IH2O.L has a 0.65% expense ratio, which is lower than QQQ3.L's 0.75% expense ratio.
Dividends
IH2O.L vs. QQQ3.L - Dividend Comparison
IH2O.L's dividend yield for the trailing twelve months is around 1.35%, while QQQ3.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IH2O.L iShares Global Water UCITS ETF | 1.35% | 1.35% | 1.05% | 1.21% | 1.11% | 1.67% | 1.00% | 1.43% | 1.77% | 1.52% | 1.62% | 1.61% |
QQQ3.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
IH2O.L and QQQ3.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IH2O.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IH2O.L is cheaper with a 0.65% expense ratio, compared with 0.75% for QQQ3.L.
IH2O.L is categorized as Water Equities, while QQQ3.L is Nasdaq-100. IH2O.L tracks S&P Global Water TR, while QQQ3.L tracks NASDAQ-100 Index (300%). They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.65% for IH2O.L and 0.75% for QQQ3.L.
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