LQQ.PA vs. IBC3.DE
LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) and IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) are both exchange-traded funds - LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index, while IBC3.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, LQQ.PA returned 26.89%/yr vs 8.85%/yr for IBC3.DE. A 0.63 correlation means they provide meaningful diversification when combined. LQQ.PA charges 0.60%/yr vs 0.18%/yr for IBC3.DE.
Performance
LQQ.PA vs. IBC3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LQQ.PA achieves a 39.94% return, which is significantly higher than IBC3.DE's 25.91% return.
LQQ.PA
- 1D
- -1.38%
- 1M
- 17.97%
- YTD
- 39.94%
- 6M
- 36.85%
- 1Y
- 79.18%
- 3Y*
- 44.82%
- 5Y*
- 26.89%
- 10Y*
- 35.63%
IBC3.DE
- 1D
- -1.44%
- 1M
- 5.28%
- YTD
- 25.91%
- 6M
- 27.63%
- 1Y
- 47.26%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
LQQ.PA vs. IBC3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage | 39.94% | 14.16% | 57.02% | 112.33% | -59.20% | 71.22% | 74.17% | 83.28% | -3.49% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | 7.38% | 7.44% | 21.30% | -9.19% |
Correlation
The correlation between LQQ.PA and IBC3.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.63 |
The correlation between LQQ.PA and IBC3.DE shifts across timeframes, from 0.60 (5 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LQQ.PA vs. IBC3.DE — Risk / Return Rank
LQQ.PA
IBC3.DE
LQQ.PA vs. IBC3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) and iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE). 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.
| LQQ.PA | IBC3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.49 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 4.51 | -0.95 |
| Martin ratioReturn relative to average drawdown | 11.13 | 16.28 | -5.16 |
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
| LQQ.PA | IBC3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.71 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.54 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.47 | +0.22 |
Drawdowns
LQQ.PA vs. IBC3.DE - Drawdown Comparison
The maximum LQQ.PA drawdown since its inception was -75.86%, which is greater than IBC3.DE's maximum drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for LQQ.PA and IBC3.DE.
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Drawdown Indicators
| LQQ.PA | IBC3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.86% | -31.89% | -43.97% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -10.42% | -11.46% |
Max Drawdown (3Y)Largest decline over 3 years | -44.33% | -19.08% | -25.25% |
Max Drawdown (5Y)Largest decline over 5 years | -61.21% | -21.95% | -39.26% |
Max Drawdown (10Y)Largest decline over 10 years | -61.21% | — | — |
Current DrawdownCurrent decline from peak | -1.38% | -2.52% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -15.73% | -7.84% | -7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 2.89% | +4.16% |
Volatility
LQQ.PA vs. IBC3.DE - Volatility Comparison
Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a higher volatility of 9.10% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) at 7.06%. This indicates that LQQ.PA's price experiences larger fluctuations and is considered to be riskier than IBC3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQQ.PA | IBC3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 7.06% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 22.37% | 14.60% | +7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.71% | 17.37% | +13.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.78% | 16.23% | +23.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.87% | 18.42% | +20.45% |
LQQ.PA vs. IBC3.DE - Expense Ratio Comparison
LQQ.PA has a 0.60% expense ratio, which is higher than IBC3.DE's 0.18% expense ratio.
Dividends
LQQ.PA vs. IBC3.DE - Dividend Comparison
LQQ.PA has not paid dividends to shareholders, while IBC3.DE's dividend yield for the trailing twelve months is around 1.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% |
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQQ.PA and IBC3.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for LQQ.PA.
LQQ.PA is categorized as Nasdaq-100, while IBC3.DE is Emerging Markets Equities. LQQ.PA tracks Nasdaq 100® Leverage (2x) index, while IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.60% for LQQ.PA and 0.18% for IBC3.DE.
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