LQQ3.L vs. 3XLE.L

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L).

LQQ3.L and 3XLE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQQ3.L is a passively managed fund by WisdomTree that tracks the performance of the NASDAQ-100 Notional Net Total Return Index. It was launched on Dec 13, 2012. 3XLE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021.

Performance

LQQ3.L vs. 3XLE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L). The values are adjusted to include any dividend payments, if applicable.

LQQ3.L vs. 3XLE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	-18.74%	18.96%	62.50%	192.06%	-77.11%	4.71%
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP	113.59%	-17.73%	-12.65%	-29.34%	191.33%	-3.39%

Returns By Period

In the year-to-date period, LQQ3.L achieves a -18.74% return, which is significantly lower than 3XLE.L's 113.59% return.

LQQ3.L

• 1D: 8.79%
• 1M: -10.53%
• YTD: -18.74%
• 6M: -15.76%
• 1Y: 41.33%
• 3Y*: 42.30%
• 5Y*: 13.83%
• 10Y*: —

3XLE.L

• 1D: -16.98%
• 1M: 10.55%
• YTD: 113.59%
• 6M: 109.52%
• 1Y: 43.46%
• 3Y*: 11.02%
• 5Y*: —
• 10Y*: —

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

LQQ3.L vs. 3XLE.L - Expense Ratio Comparison

Both LQQ3.L and 3XLE.L have an expense ratio of 0.75%.

LQQ3.L

WisdomTree NASDAQ 100 3x Daily Leveraged

3XLE.L

Leverage Shares 3x Long Oil & Gas ETP Securities GBP

Return for Risk

LQQ3.L vs. 3XLE.L — Risk / Return Rank

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

LQQ3.L

LQQ3.L Risk / Return Rank: 38
LQQ3.L Sharpe Ratio Rank: 35
LQQ3.L Sortino Ratio Rank: 44
LQQ3.L Omega Ratio Rank: 42
LQQ3.L Calmar Ratio Rank: 35
LQQ3.L Martin Ratio Rank: 32

3XLE.L

3XLE.L Risk / Return Rank: 33
3XLE.L Sharpe Ratio Rank: 30
3XLE.L Sortino Ratio Rank: 38
3XLE.L Omega Ratio Rank: 38
3XLE.L Calmar Ratio Rank: 34
3XLE.L Martin Ratio Rank: 25

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.

LQQ3.L vs. 3XLE.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 Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.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.

	LQQ3.L	3XLE.L	Difference
Sharpe ratio Return per unit of total volatility	0.73	0.62	+0.11
Sortino ratio Return per unit of downside risk	1.32	1.17	+0.15
Omega ratio Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio Return relative to maximum drawdown	1.10	1.04	+0.06
Martin ratio Return relative to average drawdown	3.36	2.15	+1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQQ3.L vs. 3XLE.L - Sharpe Ratio Comparison

The current LQQ3.L Sharpe Ratio is 0.73, which is comparable to the 3XLE.L Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of LQQ3.L and 3XLE.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

	LQQ3.L	3XLE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.62	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.39	+0.13

Correlation

The correlation between LQQ3.L and 3XLE.L is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LQQ3.L vs. 3XLE.L - Dividend Comparison

Neither LQQ3.L nor 3XLE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

LQQ3.L vs. 3XLE.L - Drawdown Comparison

The maximum LQQ3.L drawdown since its inception was -79.16%, which is greater than 3XLE.L's maximum drawdown of -74.89%. Use the drawdown chart below to compare losses from any high point for LQQ3.L and 3XLE.L.

Drawdown Indicators

	LQQ3.L	3XLE.L	Difference
Max Drawdown Largest peak-to-trough decline	-79.16%	-74.89%	-4.27%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-51.60%	+15.96%
Max Drawdown (5Y) Largest decline over 5 years	-79.16%	—	—
Current Drawdown Current decline from peak	-28.72%	-26.34%	-2.38%
Average Drawdown Average peak-to-trough decline	-23.66%	-45.50%	+21.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.66%	19.49%	-7.83%

Volatility

LQQ3.L vs. 3XLE.L - Volatility Comparison

The current volatility for WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) is 16.42%, while Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a volatility of 27.73%. This indicates that LQQ3.L experiences smaller price fluctuations and is considered to be less risky than 3XLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQQ3.L	3XLE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.42%	27.73%	-11.31%
Volatility (6M) Calculated over the trailing 6-month period	34.52%	46.00%	-11.48%
Volatility (1Y) Calculated over the trailing 1-year period	56.99%	70.04%	-13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.35%	81.70%	-22.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.57%	81.70%	-22.13%