QQQ3.L vs. GGRP.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and GGRP.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD) are both exchange-traded funds - QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%), while GGRP.L is a Global Equities fund tracking the WisdomTree Global Developed Quality Dividend Growth. Both are passively managed. Over the past 5 years, QQQ3.L returned 26.81%/yr vs 7.46%/yr for GGRP.L. A 0.59 correlation means they provide meaningful diversification when combined. QQQ3.L charges 0.75%/yr vs 0.38%/yr for GGRP.L.
Performance
QQQ3.L vs. GGRP.L - Performance Comparison
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Different Trading Currencies
QQQ3.L is traded in USD, while GGRP.L is traded in GBp. To make them comparable, the GGRP.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 higher than GGRP.L's 4.55% 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%
GGRP.L
- 1D
- 0.44%
- 1M
- 3.87%
- YTD
- 4.55%
- 6M
- 6.12%
- 1Y
- 15.21%
- 3Y*
- 12.32%
- 5Y*
- 7.46%
- 10Y*
- —
QQQ3.L vs. GGRP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.06% | 27.64% | 59.91% | 209.50% | -79.58% | 87.37% | 110.13% | 128.92% | -21.29% | 72.90% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 4.55% | 15.14% | 8.02% | 17.51% | -13.56% | 19.26% | 16.37% | 35.48% | -10.63% | 22.20% |
Correlation
The correlation between QQQ3.L and GGRP.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2017 | 0.59 |
The correlation between QQQ3.L and GGRP.L shifts across timeframes, from 0.59 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ3.L vs. GGRP.L — Risk / Return Rank
QQQ3.L
GGRP.L
QQQ3.L vs. GGRP.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 Global Quality Dividend Growth UCITS ETF - USD (GGRP.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 | GGRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.48 | +1.96 |
| Martin ratioReturn relative to average drawdown | 10.78 | 5.90 | +4.88 |
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 | GGRP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 1.32 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.53 | -0.10 |
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 | 0.86 | -0.05 |
Drawdowns
QQQ3.L vs. GGRP.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than GGRP.L's maximum drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and GGRP.L.
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Drawdown Indicators
| QQQ3.L | GGRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -30.97% | -50.38% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -10.21% | -25.71% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -15.31% | -42.89% |
Max Drawdown (5Y)Largest decline over 5 years | -81.35% | -25.16% | -56.19% |
Max Drawdown (10Y)Largest decline over 10 years | -81.35% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | 0.00% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -4.79% | -14.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 2.57% | +8.92% |
Volatility
QQQ3.L vs. GGRP.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 14.73% compared to WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) at 3.01%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than GGRP.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 | GGRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 3.01% | +11.72% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 9.09% | +25.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 11.47% | +35.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.24% | 14.31% | +47.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 17.44% | +42.47% |
QQQ3.L vs. GGRP.L - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than GGRP.L's 0.38% expense ratio.
Dividends
QQQ3.L vs. GGRP.L - Dividend Comparison
QQQ3.L has not paid dividends to shareholders, while GGRP.L's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 0.01% | 0.01% | 0.54% | 1.86% | 2.42% | 1.60% | 1.46% | 1.88% | 2.13% | 1.41% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQ3.L and GGRP.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GGRP.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GGRP.L is cheaper with a 0.38% expense ratio, compared with 0.75% for QQQ3.L.
QQQ3.L is categorized as Nasdaq-100, while GGRP.L is Global Equities. QQQ3.L tracks NASDAQ-100 Index (300%), while GGRP.L tracks WisdomTree Global Developed Quality Dividend Growth. Their fees differ too: 0.75% for QQQ3.L and 0.38% for GGRP.L.
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