QQQ3.L vs. ^GDAXI
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) is Nasdaq-100 fund tracking the NASDAQ-100 Index (300%), while ^GDAXI (DAX Performance Index) is an index. Over the past 10 years, QQQ3.L returned 41.41%/yr vs 9.82%/yr for ^GDAXI. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
QQQ3.L vs. ^GDAXI - Performance Comparison
Loading charts...
Different Trading Currencies
QQQ3.L is traded in USD, while ^GDAXI is traded in EUR. To make them comparable, the ^GDAXI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQ3.L achieves a 27.70% return, which is significantly higher than ^GDAXI's -1.28% return. Over the past 10 years, QQQ3.L has outperformed ^GDAXI with an annualized return of 41.41%, while ^GDAXI has yielded a comparatively lower 9.82% annualized return.
QQQ3.L
- 1D
- 3.06%
- 1M
- -16.31%
- 6M
- 32.16%
- YTD
- 27.70%
- 1Y
- 56.58%
- 3Y*
- 46.04%
- 5Y*
- 16.77%
- 10Y*
- 41.41%
- ALL TIME*
- 43.45%
^GDAXI
- 1D
- 0.00%
- 1M
- -0.91%
- 6M
- -2.29%
- YTD
- -1.28%
- 1Y
- 0.58%
- 3Y*
- 16.43%
- 5Y*
- 9.33%
- 10Y*
- 9.82%
- ALL TIME*
- 5.04%
QQQ3.L vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 27.70% | 27.63% | 59.91% | 209.50% | -79.58% | 87.37% | 131.34% | 128.92% | -21.29% | 114.27% |
^GDAXI DAX Performance Index | -1.28% | 38.87% | 12.05% | 24.11% | -17.17% | 6.66% | 13.66% | 22.83% | -22.10% | 28.42% |
Correlation
The correlation between QQQ3.L and ^GDAXI is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2012 | 0.60 |
The correlation between QQQ3.L and ^GDAXI has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQQ3.L vs. ^GDAXI — Risk / Return Rank
QQQ3.L
^GDAXI
QQQ3.L vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and DAX Performance Index (^GDAXI). 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.
| QQQ3.L | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.02 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.04 | +1.53 |
| Martin ratioReturn relative to average drawdown | 4.54 | 0.13 | +4.42 |
Loading charts...
Drawdowns
QQQ3.L vs. ^GDAXI - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than ^GDAXI's maximum drawdown of -60.99%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and ^GDAXI.
Loading charts...
Drawdown Indicators
| QQQ3.L | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -60.99% | -20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -14.36% | -21.56% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -15.86% | -42.34% |
Max Drawdown (5Y)Largest decline over 5 years | -81.35% | -38.41% | -42.94% |
Max Drawdown (10Y)Largest decline over 10 years | -81.35% | -44.80% | -36.55% |
Current DrawdownCurrent decline from peak | -20.20% | -5.25% | -14.95% |
Average DrawdownAverage peak-to-trough decline | -19.03% | -14.89% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | 4.65% | +7.77% |
Volatility
QQQ3.L vs. ^GDAXI - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 19.60% compared to DAX Performance Index (^GDAXI) at 5.07%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QQQ3.L | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.60% | 5.07% | +14.53% |
Volatility (6M)Calculated over the trailing 6-month period | 41.30% | 15.18% | +26.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.02% | 17.77% | +34.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.05% | 20.28% | +42.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.27% | 20.18% | +40.09% |
Frequently Asked Questions
QQQ3.L and ^GDAXI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for QQQ3.L and ^GDAXI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer