LQQ3.L vs. QQQO.L
LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) are both Nasdaq-100 funds. LQQ3.L is passively managed, while QQQO.L is actively managed. Over the past year, LQQ3.L returned 126.98% vs 33.32% for QQQO.L. A 0.59 correlation means they provide meaningful diversification when combined. LQQ3.L charges 0.75%/yr vs 0.45%/yr for QQQO.L.
Performance
LQQ3.L vs. QQQO.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQQ3.L achieves a 56.49% return, which is significantly higher than QQQO.L's 15.53% return.
LQQ3.L
- 1D
- -1.92%
- 1M
- 27.07%
- YTD
- 56.49%
- 6M
- 51.01%
- 1Y
- 126.98%
- 3Y*
- 59.92%
- 5Y*
- 28.14%
- 10Y*
- —
QQQO.L
- 1D
- -0.66%
- 1M
- 6.84%
- YTD
- 15.53%
- 6M
- 14.50%
- 1Y
- 33.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQQ3.L vs. QQQO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.49% | 18.96% | 30.84% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 15.53% | 6.57% | 12.88% |
Correlation
The correlation between LQQ3.L and QQQO.L is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.59 |
The correlation between LQQ3.L and QQQO.L has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
LQQ3.L vs. QQQO.L — Risk / Return Rank
LQQ3.L
QQQO.L
LQQ3.L vs. QQQO.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 IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.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 | QQQO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.46 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 4.71 | -1.17 |
| Martin ratioReturn relative to average drawdown | 10.50 | 11.27 | -0.77 |
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
| LQQ3.L | QQQO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 2.37 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.18 | -0.52 |
Drawdowns
LQQ3.L vs. QQQO.L - Drawdown Comparison
The maximum LQQ3.L drawdown since its inception was -79.16%, which is greater than QQQO.L's maximum drawdown of -21.70%. Use the drawdown chart below to compare losses from any high point for LQQ3.L and QQQO.L.
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Drawdown Indicators
| LQQ3.L | QQQO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.16% | -21.70% | -57.46% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -7.04% | -28.60% |
Max Drawdown (3Y)Largest decline over 3 years | -58.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.16% | — | — |
Current DrawdownCurrent decline from peak | -1.98% | -0.66% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -4.40% | -18.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.04% | 2.95% | +9.09% |
Volatility
LQQ3.L vs. QQQO.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) has a higher volatility of 13.74% compared to IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) at 3.90%. This indicates that LQQ3.L's price experiences larger fluctuations and is considered to be riskier than QQQO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQQ3.L | QQQO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 3.90% | +9.84% |
Volatility (6M)Calculated over the trailing 6-month period | 32.87% | 8.93% | +23.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.12% | 14.00% | +31.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.25% | 17.34% | +41.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.45% | 17.34% | +42.11% |
LQQ3.L vs. QQQO.L - Expense Ratio Comparison
LQQ3.L has a 0.75% expense ratio, which is higher than QQQO.L's 0.45% expense ratio.
Dividends
LQQ3.L vs. QQQO.L - Dividend Comparison
LQQ3.L has not paid dividends to shareholders, while QQQO.L's dividend yield for the trailing twelve months is around 67.52%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 0.00% | 0.00% | 0.00% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 67.52% | 124.53% | 17.93% |
Frequently Asked Questions
LQQ3.L and QQQO.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQO.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQO.L is cheaper with a 0.45% expense ratio, compared with 0.75% for LQQ3.L.
They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.75% for LQQ3.L and 0.45% for QQQO.L.
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