IPRV.L vs. QQQ3.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L).

IPRV.L and QQQ3.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPRV.L is a passively managed fund by iShares that tracks the performance of the S&P Listed Private Equity Index. It was launched on Mar 16, 2007. QQQ3.L is a passively managed fund by WisdomTree that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Dec 13, 2012. Both IPRV.L and QQQ3.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IPRV.L vs. QQQ3.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPRV.L iShares Listed Private Equity UCITS ETF USD (Dist)	-14.78%	-4.65%	26.96%	32.91%	-19.32%	45.11%	2.39%	40.72%	-7.63%	15.66%
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	-18.22%	18.54%	62.70%	194.03%	-77.15%	89.15%	103.95%	120.21%	-16.62%	95.74%

Different Trading Currencies

IPRV.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, IPRV.L achieves a -14.78% return, which is significantly higher than QQQ3.L's -18.22% return. Over the past 10 years, IPRV.L has underperformed QQQ3.L with an annualized return of 12.56%, while QQQ3.L has yielded a comparatively higher 35.71% annualized return.

IPRV.L

• 1D: 0.86%
• 1M: -2.75%
• YTD: -14.78%
• 6M: -15.06%
• 1Y: -11.78%
• 3Y*: 10.28%
• 5Y*: 7.61%
• 10Y*: 12.56%

QQQ3.L

• 1D: 9.45%
• 1M: -9.85%
• YTD: -18.22%
• 6M: -15.32%
• 1Y: 42.35%
• 3Y*: 42.40%
• 5Y*: 13.94%
• 10Y*: 35.71%

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

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

Both IPRV.L and QQQ3.L have an expense ratio of 0.75%.

IPRV.L

iShares Listed Private Equity UCITS ETF USD (Dist)

QQQ3.L

WisdomTree NASDAQ 100 3x Daily Leveraged

Return for Risk

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

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

IPRV.L

IPRV.L Risk / Return Rank: 3
IPRV.L Sharpe Ratio Rank: 3
IPRV.L Sortino Ratio Rank: 3
IPRV.L Omega Ratio Rank: 3
IPRV.L Calmar Ratio Rank: 4
IPRV.L Martin Ratio Rank: 2

QQQ3.L

QQQ3.L Risk / Return Rank: 44
QQQ3.L Sharpe Ratio Rank: 39
QQQ3.L Sortino Ratio Rank: 50
QQQ3.L Omega Ratio Rank: 46
QQQ3.L Calmar Ratio Rank: 44
QQQ3.L Martin Ratio Rank: 40

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.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.

	IPRV.L	QQQ3.L	Difference
Sharpe ratio Return per unit of total volatility	-0.53	0.73	-1.26
Sortino ratio Return per unit of downside risk	-0.61	1.34	-1.95
Omega ratio Gain probability vs. loss probability	0.92	1.18	-0.26
Calmar ratio Return relative to maximum drawdown	-0.52	1.12	-1.65
Martin ratio Return relative to average drawdown	-1.39	3.40	-4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IPRV.L Sharpe Ratio is -0.53, which is lower than the QQQ3.L Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of IPRV.L and QQQ3.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

	IPRV.L	QQQ3.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	0.73	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.23	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.61	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.75	-0.47

Correlation

The correlation between IPRV.L and QQQ3.L is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IPRV.L vs. QQQ3.L - Dividend Comparison

IPRV.L's dividend yield for the trailing twelve months is around 4.67%, while QQQ3.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPRV.L iShares Listed Private Equity UCITS ETF USD (Dist)	4.67%	3.98%	3.81%	4.27%	5.26%	3.42%	4.85%	4.28%	6.46%	6.70%	5.33%	8.21%
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%

Drawdowns

IPRV.L vs. QQQ3.L - Drawdown Comparison

The maximum IPRV.L drawdown since its inception was -76.57%, roughly equal to the maximum QQQ3.L drawdown of -79.21%. Use the drawdown chart below to compare losses from any high point for IPRV.L and QQQ3.L.

Drawdown Indicators

	IPRV.L	QQQ3.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.57%	-81.35%	+4.78%
Max Drawdown (1Y) Largest decline over 1 year	-23.47%	-35.92%	+12.45%
Max Drawdown (5Y) Largest decline over 5 years	-27.90%	-81.35%	+53.45%
Max Drawdown (10Y) Largest decline over 10 years	-44.53%	-81.35%	+36.82%
Current Drawdown Current decline from peak	-24.83%	-28.28%	+3.45%
Average Drawdown Average peak-to-trough decline	-13.00%	-19.80%	+6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.86%	11.21%	-2.35%

Volatility

IPRV.L vs. QQQ3.L - Volatility Comparison

The current volatility for iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) is 6.85%, while WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a volatility of 17.56%. This indicates that IPRV.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

	IPRV.L	QQQ3.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.85%	17.56%	-10.71%
Volatility (6M) Calculated over the trailing 6-month period	14.28%	34.98%	-20.70%
Volatility (1Y) Calculated over the trailing 1-year period	22.13%	57.83%	-35.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.36%	60.36%	-41.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	58.40%	-38.16%