QQQ3.L vs. JEQP.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and JEQP.L (JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP) are both Nasdaq-100 funds. QQQ3.L is passively managed, while JEQP.L is actively managed. Over the past year, QQQ3.L returned 119.69% vs 28.24% for JEQP.L. Their correlation of 0.83 suggests significant overlap in exposure. QQQ3.L charges 0.75%/yr vs 0.35%/yr for JEQP.L.
Performance
QQQ3.L vs. JEQP.L - Performance Comparison
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Different Trading Currencies
QQQ3.L is traded in USD, while JEQP.L is traded in GBp. To make them comparable, the JEQP.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 JEQP.L's 8.70% return.
QQQ3.L
- 1D
- -2.48%
- 1M
- 19.87%
- YTD
- 56.06%
- 6M
- 50.04%
- 1Y
- 119.69%
- 3Y*
- 64.10%
- 5Y*
- 26.81%
- 10Y*
- 43.93%
JEQP.L
- 1D
- -0.30%
- 1M
- 2.95%
- YTD
- 8.70%
- 6M
- 9.21%
- 1Y
- 28.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ3.L vs. JEQP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.06% | 27.64% | 6.30% |
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP | 8.70% | 14.62% | 2.65% |
Correlation
The correlation between QQQ3.L and JEQP.L is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.83 |
The correlation between QQQ3.L and JEQP.L has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
QQQ3.L vs. JEQP.L — Risk / Return Rank
QQQ3.L
JEQP.L
QQQ3.L vs. JEQP.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 JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.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 | JEQP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.46 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.28 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.78 | 14.57 | -3.79 |
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 | JEQP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.40 | +0.23 |
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 | 1.10 | -0.28 |
Drawdowns
QQQ3.L vs. JEQP.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than JEQP.L's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and JEQP.L.
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Drawdown Indicators
| QQQ3.L | JEQP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -20.32% | -61.03% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -8.61% | -27.31% |
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% | -0.30% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -2.81% | -16.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 1.94% | +9.55% |
Volatility
QQQ3.L vs. JEQP.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 14.73% compared to JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) at 1.63%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than JEQP.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 | JEQP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 1.63% | +13.10% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 8.77% | +26.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 11.76% | +35.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.24% | 15.48% | +46.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 15.48% | +44.43% |
QQQ3.L vs. JEQP.L - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than JEQP.L's 0.35% expense ratio.
Dividends
QQQ3.L vs. JEQP.L - Dividend Comparison
QQQ3.L has not paid dividends to shareholders, while JEQP.L's dividend yield for the trailing twelve months is around 10.21%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP | 10.21% | 10.04% | 0.73% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQ3.L and JEQP.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEQP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEQP.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 JEQP.L.
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