QQQ3.L vs. JEPQ.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both Nasdaq-100 funds. QQQ3.L is passively managed, while JEPQ.L is actively managed. Over the past year, QQQ3.L returned 124.35% vs 28.89% for JEPQ.L. Their correlation of 0.87 suggests significant overlap in exposure. QQQ3.L charges 0.75%/yr vs 0.35%/yr for JEPQ.L.
Performance
QQQ3.L vs. JEPQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ3.L achieves a 56.06% return, which is significantly higher than JEPQ.L's 8.75% 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%
JEPQ.L
- 1D
- -0.84%
- 1M
- 3.66%
- YTD
- 8.75%
- 6M
- 10.24%
- 1Y
- 28.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ3.L vs. JEPQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.06% | 27.64% | 6.30% |
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 8.75% | 14.77% | 2.89% |
Correlation
The correlation between QQQ3.L and JEPQ.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.87 |
The correlation between QQQ3.L and JEPQ.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
QQQ3.L vs. JEPQ.L — Risk / Return Rank
QQQ3.L
JEPQ.L
QQQ3.L vs. JEPQ.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 JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.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 | JEPQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.48 | -0.03 |
| Martin ratioReturn relative to average drawdown | 10.78 | 15.39 | -4.61 |
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 | JEPQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.41 | +0.22 |
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 | 1.08 | -0.26 |
Drawdowns
QQQ3.L vs. JEPQ.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than JEPQ.L's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and JEPQ.L.
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Drawdown Indicators
| QQQ3.L | JEPQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -20.10% | -61.25% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -8.28% | -27.64% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | — | — |
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% | -0.84% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -2.77% | -16.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 1.87% | +9.62% |
Volatility
QQQ3.L vs. JEPQ.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 14.73% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) at 1.99%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than JEPQ.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 | JEPQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 1.99% | +12.74% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 8.97% | +25.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 11.95% | +35.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.24% | 15.99% | +46.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 15.99% | +43.92% |
QQQ3.L vs. JEPQ.L - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than JEPQ.L's 0.35% expense ratio.
Dividends
QQQ3.L vs. JEPQ.L - Dividend Comparison
QQQ3.L has not paid dividends to shareholders, while JEPQ.L's dividend yield for the trailing twelve months is around 10.20%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 10.20% | 10.06% | 0.74% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQ3.L and JEPQ.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPQ.L is cheaper with a 0.35% expense ratio, compared with 0.75% for QQQ3.L.
They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.75% for QQQ3.L and 0.35% for JEPQ.L.
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