LQQ3.L vs. 3BAL.L
LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and 3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) are both exchange-traded funds - LQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index, while 3BAL.L is a Leveraged Equities fund tracking the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. Both are passively managed. Over the past 10 years, LQQ3.L returned 40.57%/yr vs 19.55%/yr for 3BAL.L. At a 0.35 correlation, their price movements are largely independent. LQQ3.L charges 0.75%/yr vs 0.89%/yr for 3BAL.L.
Performance
LQQ3.L vs. 3BAL.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQQ3.L achieves a 40.28% return, which is significantly higher than 3BAL.L's 21.01% return. Over the past 10 years, LQQ3.L has outperformed 3BAL.L with an annualized return of 40.57%, while 3BAL.L has yielded a comparatively lower 19.55% annualized return.
LQQ3.L
- 1D
- 1.33%
- 1M
- -9.78%
- YTD
- 40.28%
- 6M
- 39.26%
- 1Y
- 85.09%
- 3Y*
- 50.72%
- 5Y*
- 20.69%
- 10Y*
- 40.57%
3BAL.L
- 1D
- -1.23%
- 1M
- 15.53%
- YTD
- 21.01%
- 6M
- 25.49%
- 1Y
- 162.00%
- 3Y*
- 140.36%
- 5Y*
- 72.59%
- 10Y*
- 19.55%
LQQ3.L vs. 3BAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 40.28% | 18.96% | 62.50% | 192.06% | -77.11% | 89.86% | 123.48% | 121.83% | -16.64% | 64.74% |
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 21.01% | 433.07% | 68.07% | 63.85% | -24.90% | 108.27% | -79.89% | 25.77% | -70.96% | 15.80% |
Correlation
The correlation between LQQ3.L and 3BAL.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2014 | 0.35 |
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Return for Risk
LQQ3.L vs. 3BAL.L — Risk / Return Rank
LQQ3.L
3BAL.L
LQQ3.L vs. 3BAL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) and WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.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.
| LQQ3.L | 3BAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.54 | -1.17 |
| Martin ratioReturn relative to average drawdown | 6.87 | 9.50 | -2.64 |
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Drawdowns
LQQ3.L vs. 3BAL.L - Drawdown Comparison
The maximum LQQ3.L drawdown since its inception was -79.16%, smaller than the maximum 3BAL.L drawdown of -99.29%. Use the drawdown chart below to compare losses from any high point for LQQ3.L and 3BAL.L.
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Drawdown Indicators
| LQQ3.L | 3BAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.16% | -99.29% | +20.13% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -45.44% | +9.80% |
Max Drawdown (3Y)Largest decline over 3 years | -58.39% | -50.31% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -79.16% | -77.94% | -1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -79.16% | -97.78% | +18.62% |
Current DrawdownCurrent decline from peak | -12.13% | -49.38% | +37.25% |
Average DrawdownAverage peak-to-trough decline | -18.58% | -81.98% | +63.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 16.98% | -4.63% |
Volatility
LQQ3.L vs. 3BAL.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) and WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) have volatilities of 18.54% and 18.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQQ3.L | 3BAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.54% | 18.61% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 36.91% | 55.83% | -18.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.97% | 68.85% | -20.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.29% | 75.02% | -13.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.95% | 82.75% | -23.80% |
LQQ3.L vs. 3BAL.L - Expense Ratio Comparison
LQQ3.L has a 0.75% expense ratio, which is lower than 3BAL.L's 0.89% expense ratio.
Dividends
LQQ3.L vs. 3BAL.L - Dividend Comparison
Neither LQQ3.L nor 3BAL.L has paid dividends to shareholders.
Frequently Asked Questions
LQQ3.L and 3BAL.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQQ3.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQQ3.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
LQQ3.L is categorized as Nasdaq-100, while 3BAL.L is Leveraged Equities. LQQ3.L tracks NASDAQ-100 Notional Net Total Return Index, while 3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. Their fees differ too: 0.75% for LQQ3.L and 0.89% for 3BAL.L.
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