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 44.46%/yr vs 9.94%/yr for ^GDAXI. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
QQQ3.L vs. ^GDAXI - Performance Comparison
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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 42.02% return, which is significantly higher than ^GDAXI's -0.84% return. Over the past 10 years, QQQ3.L has outperformed ^GDAXI with an annualized return of 44.46%, while ^GDAXI has yielded a comparatively lower 9.94% annualized return.
QQQ3.L
- 1D
- -2.01%
- 1M
- 2.53%
- YTD
- 42.02%
- 6M
- 37.30%
- 1Y
- 102.92%
- 3Y*
- 60.33%
- 5Y*
- 23.94%
- 10Y*
- 44.46%
^GDAXI
- 1D
- 0.00%
- 1M
- -0.54%
- YTD
- -0.84%
- 6M
- 1.95%
- 1Y
- 3.03%
- 3Y*
- 18.50%
- 5Y*
- 8.50%
- 10Y*
- 9.94%
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 | 42.02% | 27.63% | 59.91% | 209.50% | -79.58% | 87.37% | 131.34% | 128.92% | -21.29% | 114.27% |
^GDAXI DAX Performance Index | -0.84% | 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 | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2012 | 0.60 |
The correlation between QQQ3.L and ^GDAXI has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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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.
| QQQ3.L | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.04 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 0.21 | +2.64 |
| Martin ratioReturn relative to average drawdown | 8.90 | 0.67 | +8.23 |
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
| QQQ3.L | ^GDAXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.17 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.41 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.48 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.22 | +0.57 |
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.
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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% | -38.94% | -42.41% |
Max Drawdown (10Y)Largest decline over 10 years | -81.35% | -44.80% | -36.55% |
Current DrawdownCurrent decline from peak | -11.26% | -4.82% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -19.09% | -14.86% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 4.53% | +6.99% |
Volatility
QQQ3.L vs. ^GDAXI - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 16.43% compared to DAX Performance Index (^GDAXI) at 5.65%. 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.
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Volatility by Period
| QQQ3.L | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.43% | 5.65% | +10.78% |
Volatility (6M)Calculated over the trailing 6-month period | 35.63% | 14.43% | +21.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.52% | 17.61% | +29.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.30% | 20.29% | +42.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.10% | 20.55% | +39.55% |
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.
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