QQQ3.L vs. COMX.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and COMX.L (WisdomTree Broad Commodities UCITS ETF) are both exchange-traded funds - QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%), while COMX.L is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 3 years, QQQ3.L returned 55.47%/yr vs 11.26%/yr for COMX.L. At a 0.08 correlation, their price movements are largely independent. QQQ3.L charges 0.75%/yr vs 0.19%/yr for COMX.L.
Performance
QQQ3.L vs. COMX.L - Performance Comparison
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Different Trading Currencies
QQQ3.L is traded in USD, while COMX.L is traded in GBp. To make them comparable, the COMX.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 36.54% return, which is significantly higher than COMX.L's 13.52% return.
QQQ3.L
- 1D
- -2.27%
- 1M
- -8.95%
- YTD
- 36.54%
- 6M
- 33.59%
- 1Y
- 84.50%
- 3Y*
- 55.47%
- 5Y*
- 20.36%
- 10Y*
- 46.81%
COMX.L
- 1D
- 0.66%
- 1M
- -10.02%
- YTD
- 13.52%
- 6M
- 12.05%
- 1Y
- 24.33%
- 3Y*
- 11.26%
- 5Y*
- —
- 10Y*
- —
QQQ3.L vs. COMX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 36.54% | 27.63% | 59.91% | 209.50% | -79.58% | 4.43% |
COMX.L WisdomTree Broad Commodities UCITS ETF | 13.52% | 16.77% | 4.47% | -7.89% | 15.00% | -24.47% |
Correlation
The correlation between QQQ3.L and COMX.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2021 | 0.08 |
The correlation between QQQ3.L and COMX.L shifts across timeframes, from -0.07 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ3.L vs. COMX.L — Risk / Return Rank
QQQ3.L
COMX.L
QQQ3.L vs. COMX.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 WisdomTree Broad Commodities UCITS ETF (COMX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQ3.L | COMX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.67 | +0.67 |
| Martin ratioReturn relative to average drawdown | 7.13 | 6.77 | +0.36 |
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Drawdowns
QQQ3.L vs. COMX.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than COMX.L's maximum drawdown of -27.78%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and COMX.L.
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Drawdown Indicators
| QQQ3.L | COMX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -27.78% | -53.57% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -14.52% | -21.40% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -14.52% | -43.68% |
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 | -14.68% | -13.96% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -19.05% | -15.88% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.81% | 3.58% | +8.23% |
Volatility
QQQ3.L vs. COMX.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 19.57% compared to WisdomTree Broad Commodities UCITS ETF (COMX.L) at 4.51%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than COMX.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 | COMX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.57% | 4.51% | +15.06% |
Volatility (6M)Calculated over the trailing 6-month period | 38.86% | 16.08% | +22.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.67% | 17.59% | +32.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.70% | 20.87% | +41.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.19% | 20.87% | +39.32% |
QQQ3.L vs. COMX.L - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than COMX.L's 0.19% expense ratio.
Dividends
QQQ3.L vs. COMX.L - Dividend Comparison
Neither QQQ3.L nor COMX.L has paid dividends to shareholders.
Frequently Asked Questions
QQQ3.L and COMX.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMX.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMX.L is cheaper with a 0.19% expense ratio, compared with 0.75% for QQQ3.L.
QQQ3.L is categorized as Nasdaq-100, while COMX.L is Commodities. QQQ3.L tracks NASDAQ-100 Index (300%), while COMX.L tracks Bloomberg Commodity. Their fees differ too: 0.75% for QQQ3.L and 0.19% for COMX.L.
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