QQQ3.L vs. 3TSM.L

Last updated Jun 5, 2026

QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and 3TSM.L (Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities) are both exchange-traded funds - QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%), while 3TSM.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x TSM Index. Both are passively managed. Over the past 3 years, QQQ3.L returned 64.10%/yr vs 150.80%/yr for 3TSM.L. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

QQQ3.L vs. 3TSM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQ3.L achieves a 56.06% return, which is significantly lower than 3TSM.L's 149.88% return.

QQQ3.L

• 1D: -2.48%
• 1M: 19.87%
• YTD: 56.06%
• 6M: 50.04%
• 1Y: 119.69%
• 3Y*: 64.10%
• 5Y*: 26.81%
• 10Y*: 43.93%

3TSM.L

• 1D: 3.09%
• 1M: 41.02%
• YTD: 149.88%
• 6M: 166.79%
• 1Y: 543.00%
• 3Y*: 150.80%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ3.L vs. 3TSM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	56.06%	27.64%	59.91%	209.50%	-79.58%	5.98%
3TSM.L Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities	149.88%	60.55%	288.94%	90.51%	-85.22%	6.05%

Correlation

The correlation between QQQ3.L and 3TSM.L is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.64

The correlation between QQQ3.L and 3TSM.L has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

Return for Risk

QQQ3.L vs. 3TSM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQ3.L

QQQ3.L Risk / Return Rank: 69
QQQ3.L Sharpe Ratio Rank: 82
QQQ3.L Sortino Ratio Rank: 68
QQQ3.L Omega Ratio Rank: 64
QQQ3.L Calmar Ratio Rank: 70
QQQ3.L Martin Ratio Rank: 60

3TSM.L

3TSM.L Risk / Return Rank: 91
3TSM.L Sharpe Ratio Rank: 98
3TSM.L Sortino Ratio Rank: 87
3TSM.L Omega Ratio Rank: 76
3TSM.L Calmar Ratio Rank: 97
3TSM.L Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQ3.L vs. 3TSM.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 Taiwan Semiconductor (TSM) ETP Securities (3TSM.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	3TSM.L	Difference
Sharpe ratio: Return per unit of total volatility	2.63	5.12	-2.49
Sortino ratio: Return per unit of downside risk	3.07	3.88	-0.80
Omega ratio: Gain probability vs. loss probability	1.38	1.44	-0.06
Calmar ratio: Return relative to maximum drawdown	3.44	11.56	-8.12
Martin ratio: Return relative to average drawdown	10.78	33.54	-22.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ3.L vs. 3TSM.L - Sharpe Ratio Comparison

The current QQQ3.L Sharpe Ratio is 2.63, which is lower than the 3TSM.L Sharpe Ratio of 5.12. The chart below compares the historical Sharpe Ratios of QQQ3.L and 3TSM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQ3.L	3TSM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	5.12	-2.49
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	0.36	+0.46

Drawdowns

QQQ3.L vs. 3TSM.L - Drawdown Comparison

The maximum QQQ3.L drawdown since its inception was -81.35%, smaller than the maximum 3TSM.L drawdown of -93.59%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and 3TSM.L.

Drawdown Indicators

	QQQ3.L	3TSM.L	Difference
Max Drawdown Largest peak-to-trough decline	-81.35%	-93.59%	+12.24%
Max Drawdown (1Y) Largest decline over 1 year	-35.92%	-46.56%	+10.64%
Max Drawdown (3Y) Largest decline over 3 years	-58.20%	-81.95%	+23.75%
Max Drawdown (5Y) Largest decline over 5 years	-81.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.35%	—	—
Current Drawdown Current decline from peak	-2.48%	0.00%	-2.48%
Average Drawdown Average peak-to-trough decline	-19.62%	-55.66%	+36.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.49%	16.08%	-4.59%

Volatility

QQQ3.L vs. 3TSM.L - Volatility Comparison

The current volatility for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) is 14.73%, while Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) has a volatility of 37.09%. This indicates that QQQ3.L experiences smaller price fluctuations and is considered to be less risky than 3TSM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ3.L	3TSM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.73%	37.09%	-22.36%
Volatility (6M) Calculated over the trailing 6-month period	34.78%	77.74%	-42.96%
Volatility (1Y) Calculated over the trailing 1-year period	47.01%	105.51%	-58.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.24%	114.35%	-52.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.91%	114.35%	-54.44%

QQQ3.L vs. 3TSM.L - Expense Ratio Comparison

Both QQQ3.L and 3TSM.L have an expense ratio of 0.75%.

Dividends

QQQ3.L vs. 3TSM.L - Dividend Comparison

Neither QQQ3.L nor 3TSM.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QQQ3.L and 3TSM.L in my portfolio?

QQQ3.L and 3TSM.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQ3.L or 3TSM.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQ3.L or 3TSM.L?

QQQ3.L and 3TSM.L have the same expense ratio: 0.75% per year.

What is the main difference between QQQ3.L and 3TSM.L?

QQQ3.L is categorized as Nasdaq-100, while 3TSM.L is Leveraged Equities. QQQ3.L tracks NASDAQ-100 Index (300%), while 3TSM.L tracks iSTOXX Leveraged 3x TSM Index. They also come from different issuers: WisdomTree and Leverage Shares.