QQQ3.L vs. 3QQQ.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and 3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) are both exchange-traded funds - QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%), while 3QQQ.L is a Leveraged Equities fund actively managed by Leverage Shares. QQQ3.L is passively managed, while 3QQQ.L is actively managed. Over the past 3 years, QQQ3.L returned 64.10%/yr vs 56.07%/yr for 3QQQ.L. Their correlation of 0.94 suggests significant overlap in exposure. QQQ3.L charges 0.75%/yr vs 0.01%/yr for 3QQQ.L.
Performance
QQQ3.L vs. 3QQQ.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with QQQ3.L having a 56.06% return and 3QQQ.L slightly lower at 55.20%.
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%
3QQQ.L
- 1D
- -1.99%
- 1M
- 26.97%
- YTD
- 55.20%
- 6M
- 49.56%
- 1Y
- 119.94%
- 3Y*
- 56.07%
- 5Y*
- —
- 10Y*
- —
QQQ3.L vs. 3QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.06% | 27.64% | 59.91% | 209.50% | -48.00% |
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 55.20% | 13.90% | 60.92% | 187.21% | -56.66% |
Correlation
The correlation between QQQ3.L and 3QQQ.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.94 |
The correlation between QQQ3.L and 3QQQ.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
QQQ3.L vs. 3QQQ.L — Risk / Return Rank
QQQ3.L
3QQQ.L
QQQ3.L vs. 3QQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.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.
| QQQ3.L | 3QQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 2.49 | +0.95 |
| Martin ratioReturn relative to average drawdown | 10.78 | 5.31 | +5.47 |
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 | 3QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 1.89 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.59 | +0.23 |
Drawdowns
QQQ3.L vs. 3QQQ.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than 3QQQ.L's maximum drawdown of -58.93%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and 3QQQ.L.
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Drawdown Indicators
| QQQ3.L | 3QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -58.93% | -22.42% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -47.89% | +11.97% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -57.67% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -81.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.35% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | -2.21% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -20.59% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 22.48% | -10.99% |
Volatility
QQQ3.L vs. 3QQQ.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) have volatilities of 14.73% and 14.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ3.L | 3QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 14.43% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 33.36% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 63.01% | -16.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.24% | 63.47% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 63.47% | -3.56% |
QQQ3.L vs. 3QQQ.L - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than 3QQQ.L's 0.01% expense ratio.
Dividends
QQQ3.L vs. 3QQQ.L - Dividend Comparison
Neither QQQ3.L nor 3QQQ.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, QQQ3.L and 3QQQ.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 3QQQ.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3QQQ.L is cheaper with a 0.01% expense ratio, compared with 0.75% for QQQ3.L.
QQQ3.L is categorized as Nasdaq-100, while 3QQQ.L is Leveraged Equities. They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.75% for QQQ3.L and 0.01% for 3QQQ.L.
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