NICK.L vs. QQQ3.L
NICK.L (WisdomTree Nickel) and QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - NICK.L is a Metals fund tracking the Bloomberg Nickel, while QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, NICK.L returned 6.28%/yr vs 43.93%/yr for QQQ3.L. At a 0.20 correlation, their price movements are largely independent. NICK.L charges 0.49%/yr vs 0.75%/yr for QQQ3.L.
Performance
NICK.L vs. QQQ3.L - Performance Comparison
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Returns By Period
In the year-to-date period, NICK.L achieves a 10.65% return, which is significantly lower than QQQ3.L's 56.06% return. Over the past 10 years, NICK.L has underperformed QQQ3.L with an annualized return of 6.28%, while QQQ3.L has yielded a comparatively higher 43.93% annualized return.
NICK.L
- 1D
- -1.03%
- 1M
- -5.12%
- YTD
- 10.65%
- 6M
- 23.90%
- 1Y
- 18.75%
- 3Y*
- -5.71%
- 5Y*
- -0.66%
- 10Y*
- 6.28%
QQQ3.L
- 1D
- -2.48%
- 1M
- 25.62%
- YTD
- 56.06%
- 6M
- 51.95%
- 1Y
- 124.35%
- 3Y*
- 64.10%
- 5Y*
- 26.81%
- 10Y*
- 43.93%
NICK.L vs. QQQ3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NICK.L WisdomTree Nickel | 10.65% | 6.27% | -8.39% | -46.66% | 46.43% | 23.82% | 14.32% | 32.82% | -14.50% | 18.74% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.06% | 27.64% | 59.91% | 209.50% | -79.58% | 87.37% | 110.13% | 128.92% | -21.29% | 114.27% |
Correlation
The correlation between NICK.L and QQQ3.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2012 | 0.20 |
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Return for Risk
NICK.L vs. QQQ3.L — Risk / Return Rank
NICK.L
QQQ3.L
NICK.L vs. QQQ3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Nickel (NICK.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.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.
| NICK.L | QQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.44 | -1.62 |
| Martin ratioReturn relative to average drawdown | 3.88 | 10.78 | -6.90 |
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
| NICK.L | QQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 2.63 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.43 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.73 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.82 | -0.90 |
Drawdowns
NICK.L vs. QQQ3.L - Drawdown Comparison
The maximum NICK.L drawdown since its inception was -87.80%, which is greater than QQQ3.L's maximum drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for NICK.L and QQQ3.L.
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Drawdown Indicators
| NICK.L | QQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.80% | -81.35% | -6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -35.92% | +25.66% |
Max Drawdown (3Y)Largest decline over 3 years | -40.82% | -58.20% | +17.38% |
Max Drawdown (5Y)Largest decline over 5 years | -71.83% | -81.35% | +9.52% |
Max Drawdown (10Y)Largest decline over 10 years | -71.83% | -81.35% | +9.52% |
Current DrawdownCurrent decline from peak | -74.59% | -2.48% | -72.11% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -19.62% | -50.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 11.49% | -6.69% |
Volatility
NICK.L vs. QQQ3.L - Volatility Comparison
The current volatility for WisdomTree Nickel (NICK.L) is 6.02%, while WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a volatility of 14.73%. This indicates that NICK.L experiences smaller price fluctuations and is considered to be less risky than QQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NICK.L | QQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 14.73% | -8.71% |
Volatility (6M)Calculated over the trailing 6-month period | 22.98% | 34.78% | -11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.65% | 47.01% | -22.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.13% | 62.24% | -18.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.48% | 59.91% | -23.43% |
NICK.L vs. QQQ3.L - Expense Ratio Comparison
NICK.L has a 0.49% expense ratio, which is lower than QQQ3.L's 0.75% expense ratio.
Dividends
NICK.L vs. QQQ3.L - Dividend Comparison
Neither NICK.L nor QQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
NICK.L and QQQ3.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NICK.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NICK.L is cheaper with a 0.49% expense ratio, compared with 0.75% for QQQ3.L.
NICK.L is categorized as Metals, while QQQ3.L is Nasdaq-100. NICK.L tracks Bloomberg Nickel, while QQQ3.L tracks NASDAQ-100 Index (300%). Their fees differ too: 0.49% for NICK.L and 0.75% for QQQ3.L.
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