QQQ3.L vs. 5QQE.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both Nasdaq-100 funds. QQQ3.L is passively managed, while 5QQE.L is actively managed. Over the past 3 years, QQQ3.L returned 64.10%/yr vs 74.40%/yr for 5QQE.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
QQQ3.L vs. 5QQE.L - Performance Comparison
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Different Trading Currencies
QQQ3.L is traded in USD, while 5QQE.L is traded in EUR. To make them comparable, the 5QQE.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 5QQE.L's 92.02% 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%
5QQE.L
- 1D
- -3.70%
- 1M
- 44.57%
- YTD
- 92.02%
- 6M
- 81.14%
- 1Y
- 210.33%
- 3Y*
- 74.40%
- 5Y*
- —
- 10Y*
- —
QQQ3.L vs. 5QQE.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% | 11.21% |
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 92.02% | 2.50% | 73.89% | 426.90% | -96.10% | 18.31% |
Correlation
The correlation between QQQ3.L and 5QQE.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.94 |
The correlation between QQQ3.L and 5QQE.L has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
QQQ3.L vs. 5QQE.L — Risk / Return Rank
QQQ3.L
5QQE.L
QQQ3.L vs. 5QQE.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 5x Long Nasdaq 100 ETP Securities EUR (5QQE.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 | 5QQE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.69 | -0.25 |
| Martin ratioReturn relative to average drawdown | 10.78 | 10.25 | +0.53 |
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 | 5QQE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.68 | -0.05 |
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 | -0.04 | +0.86 |
Drawdowns
QQQ3.L vs. 5QQE.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, smaller than the maximum 5QQE.L drawdown of -96.30%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and 5QQE.L.
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Drawdown Indicators
| QQQ3.L | 5QQE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -96.30% | +14.95% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -56.55% | +20.63% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -80.22% | +22.02% |
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% | -29.69% | +27.21% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -75.55% | +55.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 20.42% | -8.93% |
Volatility
QQQ3.L vs. 5QQE.L - Volatility Comparison
The current volatility for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) is 14.73%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a volatility of 25.02%. This indicates that QQQ3.L experiences smaller price fluctuations and is considered to be less risky than 5QQE.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 | 5QQE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 25.02% | -10.29% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 57.65% | -22.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 77.93% | -30.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.24% | 110.35% | -48.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 110.35% | -50.44% |
QQQ3.L vs. 5QQE.L - Expense Ratio Comparison
Both QQQ3.L and 5QQE.L have an expense ratio of 0.75%.
Dividends
QQQ3.L vs. 5QQE.L - Dividend Comparison
Neither QQQ3.L nor 5QQE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, QQQ3.L and 5QQE.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.
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 5QQE.L have the same expense ratio: 0.75% per year.
They also come from different issuers: WisdomTree and Leverage Shares.
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