JD3.L vs. QQQY.L
JD3.L (Leverage Shares 3x JD.Com ETP Securities) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both exchange-traded funds - JD3.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x JD Index, while QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares. JD3.L is passively managed, while QQQY.L is actively managed. Over the past year, JD3.L returned -53.45% vs 31.81% for QQQY.L. At a 0.22 correlation, their price movements are largely independent. JD3.L charges 0.75%/yr vs 0.45%/yr for QQQY.L.
Performance
JD3.L vs. QQQY.L - Performance Comparison
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Returns By Period
In the year-to-date period, JD3.L achieves a -3.88% return, which is significantly lower than QQQY.L's 15.10% return.
JD3.L
- 1D
- -1.16%
- 1M
- -10.54%
- YTD
- -3.88%
- 6M
- -16.34%
- 1Y
- -53.45%
- 3Y*
- -57.63%
- 5Y*
- —
- 10Y*
- —
QQQY.L
- 1D
- -0.82%
- 1M
- 7.64%
- YTD
- 15.10%
- 6M
- 14.75%
- 1Y
- 31.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JD3.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JD3.L Leverage Shares 3x JD.Com ETP Securities | -3.88% | -69.43% | 62.56% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 15.10% | 14.25% | 7.28% |
Correlation
The correlation between JD3.L and QQQY.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.22 |
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Return for Risk
JD3.L vs. QQQY.L — Risk / Return Rank
JD3.L
QQQY.L
JD3.L vs. QQQY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x JD.Com ETP Securities (JD3.L) and IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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.
| JD3.L | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.41 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 4.32 | -5.06 |
| Martin ratioReturn relative to average drawdown | -1.25 | 13.40 | -14.65 |
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
| JD3.L | QQQY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 2.18 | -2.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | 1.02 | -1.49 |
Drawdowns
JD3.L vs. QQQY.L - Drawdown Comparison
The maximum JD3.L drawdown since its inception was -99.97%, which is greater than QQQY.L's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for JD3.L and QQQY.L.
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Drawdown Indicators
| JD3.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -19.23% | -80.74% |
Max Drawdown (1Y)Largest decline over 1 year | -72.04% | -7.34% | -64.70% |
Max Drawdown (3Y)Largest decline over 3 years | -96.55% | — | — |
Current DrawdownCurrent decline from peak | -99.95% | -0.93% | -99.02% |
Average DrawdownAverage peak-to-trough decline | -88.83% | -3.18% | -85.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.90% | 2.37% | +40.53% |
Volatility
JD3.L vs. QQQY.L - Volatility Comparison
Leverage Shares 3x JD.Com ETP Securities (JD3.L) has a higher volatility of 43.93% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) at 4.78%. This indicates that JD3.L's price experiences larger fluctuations and is considered to be riskier than QQQY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JD3.L | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.93% | 4.78% | +39.15% |
Volatility (6M)Calculated over the trailing 6-month period | 71.96% | 10.22% | +61.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.26% | 14.52% | +84.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 162.88% | 20.98% | +141.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 162.88% | 20.98% | +141.90% |
JD3.L vs. QQQY.L - Expense Ratio Comparison
JD3.L has a 0.75% expense ratio, which is higher than QQQY.L's 0.45% expense ratio.
Dividends
JD3.L vs. QQQY.L - Dividend Comparison
JD3.L has not paid dividends to shareholders, while QQQY.L's dividend yield for the trailing twelve months is around 67.73%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JD3.L Leverage Shares 3x JD.Com ETP Securities | 0.00% | 0.00% | 0.00% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.73% | 120.60% | 18.65% |
Frequently Asked Questions
JD3.L and QQQY.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for JD3.L.
JD3.L is categorized as Leveraged Equities, while QQQY.L is Nasdaq-100. Their fees differ too: 0.75% for JD3.L and 0.45% for QQQY.L.
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