QQQ3.L vs. 3XLE.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and 3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) are both exchange-traded funds - QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%), while 3XLE.L is a Leveraged Equities fund actively managed by Leverage Shares. QQQ3.L is passively managed, while 3XLE.L is actively managed. Over the past 3 years, QQQ3.L returned 64.10%/yr vs 17.70%/yr for 3XLE.L. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
QQQ3.L vs. 3XLE.L - Performance Comparison
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Different Trading Currencies
QQQ3.L is traded in USD, while 3XLE.L is traded in GBp. To make them comparable, the 3XLE.L 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 56.06% return, which is significantly lower than 3XLE.L's 96.61% return.
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%
3XLE.L
- 1D
- -0.44%
- 1M
- -5.95%
- YTD
- 96.61%
- 6M
- 84.23%
- 1Y
- 131.11%
- 3Y*
- 17.70%
- 5Y*
- —
- 10Y*
- —
QQQ3.L vs. 3XLE.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% |
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 96.61% | -11.52% | -14.11% | -25.61% | 161.05% | -2.17% |
Correlation
The correlation between QQQ3.L and 3XLE.L is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.14 |
The correlation between QQQ3.L and 3XLE.L shifts across timeframes, from -0.19 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ3.L vs. 3XLE.L — Risk / Return Rank
QQQ3.L
3XLE.L
QQQ3.L vs. 3XLE.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 Oil & Gas ETP Securities GBP (3XLE.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 | 3XLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.45 | -0.01 |
| Martin ratioReturn relative to average drawdown | 10.78 | 9.37 | +1.41 |
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 | 3XLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 1.97 | +0.66 |
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 | 0.33 | +0.48 |
Drawdowns
QQQ3.L vs. 3XLE.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than 3XLE.L's maximum drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and 3XLE.L.
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Drawdown Indicators
| QQQ3.L | 3XLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -73.78% | -7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -37.77% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -64.33% | +6.13% |
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% | -27.20% | +24.72% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -44.57% | +24.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 13.94% | -2.45% |
Volatility
QQQ3.L vs. 3XLE.L - Volatility Comparison
The current volatility for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) is 14.73%, while Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a volatility of 25.06%. This indicates that QQQ3.L experiences smaller price fluctuations and is considered to be less risky than 3XLE.L 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 | 3XLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 25.06% | -10.33% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 57.30% | -22.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 66.45% | -19.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.24% | 83.32% | -21.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 83.32% | -23.41% |
QQQ3.L vs. 3XLE.L - Expense Ratio Comparison
Both QQQ3.L and 3XLE.L have an expense ratio of 0.75%.
Dividends
QQQ3.L vs. 3XLE.L - Dividend Comparison
Neither QQQ3.L nor 3XLE.L has paid dividends to shareholders.
Frequently Asked Questions
QQQ3.L and 3XLE.L have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQQ3.L and 3XLE.L have the same expense ratio: 0.75% per year.
QQQ3.L is categorized as Nasdaq-100, while 3XLE.L is Leveraged Equities. They also come from different issuers: WisdomTree and Leverage Shares.
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