QQQ3.L vs. ^NDX
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) is Nasdaq-100 fund tracking the NASDAQ-100 Index (300%), while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, QQQ3.L returned 44.55%/yr vs 21.09%/yr for ^NDX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
QQQ3.L vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ3.L achieves a 60.03% return, which is significantly higher than ^NDX's 21.07% return. Over the past 10 years, QQQ3.L has outperformed ^NDX with an annualized return of 44.55%, while ^NDX has yielded a comparatively lower 21.09% annualized return.
QQQ3.L
- 1D
- -0.00%
- 1M
- 32.43%
- YTD
- 60.03%
- 6M
- 55.99%
- 1Y
- 132.71%
- 3Y*
- 66.64%
- 5Y*
- 27.45%
- 10Y*
- 44.55%
^NDX
- 1D
- -0.29%
- 1M
- 10.56%
- YTD
- 21.07%
- 6M
- 19.39%
- 1Y
- 41.12%
- 3Y*
- 28.09%
- 5Y*
- 17.29%
- 10Y*
- 21.09%
QQQ3.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 60.03% | 27.64% | 59.91% | 209.50% | -79.58% | 87.37% | 110.13% | 128.92% | -21.29% | 114.27% |
^NDX NASDAQ 100 Index | 21.07% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between QQQ3.L and ^NDX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2012 | 0.58 |
The correlation between QQQ3.L and ^NDX shifts across timeframes, from 0.58 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ3.L vs. ^NDX — Risk / Return Rank
QQQ3.L
^NDX
QQQ3.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and NASDAQ 100 Index (^NDX). 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 | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 3.41 | +0.26 |
| Martin ratioReturn relative to average drawdown | 11.51 | 13.03 | -1.52 |
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 | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 2.57 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.77 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.94 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.57 | +0.25 |
Drawdowns
QQQ3.L vs. ^NDX - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, roughly equal to the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and ^NDX.
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Drawdown Indicators
| QQQ3.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -82.90% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -12.12% | -23.80% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -22.93% | -35.27% |
Max Drawdown (5Y)Largest decline over 5 years | -81.35% | -35.56% | -45.79% |
Max Drawdown (10Y)Largest decline over 10 years | -81.35% | -35.56% | -45.79% |
Current DrawdownCurrent decline from peak | -0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -24.62% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 3.17% | +8.32% |
Volatility
QQQ3.L vs. ^NDX - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 14.32% compared to NASDAQ 100 Index (^NDX) at 4.52%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than ^NDX 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 | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.32% | 4.52% | +9.80% |
Volatility (6M)Calculated over the trailing 6-month period | 34.67% | 12.18% | +22.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 16.08% | +31.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.25% | 22.60% | +39.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 22.53% | +37.38% |
Frequently Asked Questions
QQQ3.L and ^NDX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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