QQQ3.L vs. LQQ.PA
Compare and contrast key facts about WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA).
QQQ3.L and LQQ.PA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ3.L is a passively managed fund by WisdomTree that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Dec 13, 2012. LQQ.PA is a passively managed fund by Amundi that tracks the performance of the Nasdaq 100® Leverage (2x) index. It was launched on Jun 27, 2006. Both QQQ3.L and LQQ.PA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ3.L or LQQ.PA.
Correlation
The correlation between QQQ3.L and LQQ.PA is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQQ3.L vs. LQQ.PA - Performance Comparison
Key characteristics
QQQ3.L:
0.92
LQQ.PA:
1.24
QQQ3.L:
1.43
LQQ.PA:
1.70
QQQ3.L:
1.19
LQQ.PA:
1.23
QQQ3.L:
1.12
LQQ.PA:
1.67
QQQ3.L:
3.76
LQQ.PA:
5.06
QQQ3.L:
12.58%
LQQ.PA:
8.30%
QQQ3.L:
52.03%
LQQ.PA:
34.02%
QQQ3.L:
-81.35%
LQQ.PA:
-75.86%
QQQ3.L:
-4.55%
LQQ.PA:
-2.16%
Returns By Period
In the year-to-date period, QQQ3.L achieves a 6.56% return, which is significantly higher than LQQ.PA's 4.69% return. Over the past 10 years, QQQ3.L has outperformed LQQ.PA with an annualized return of 34.14%, while LQQ.PA has yielded a comparatively lower 29.44% annualized return.
QQQ3.L
6.56%
5.15%
23.81%
59.45%
26.93%
34.14%
LQQ.PA
4.69%
3.10%
26.53%
50.42%
27.53%
29.44%
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QQQ3.L vs. LQQ.PA - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than LQQ.PA's 0.60% expense ratio.
Risk-Adjusted Performance
QQQ3.L vs. LQQ.PA — Risk-Adjusted Performance Rank
QQQ3.L
LQQ.PA
QQQ3.L vs. LQQ.PA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). 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.
Dividends
QQQ3.L vs. LQQ.PA - Dividend Comparison
Neither QQQ3.L nor LQQ.PA has paid dividends to shareholders.
Drawdowns
QQQ3.L vs. LQQ.PA - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than LQQ.PA's maximum drawdown of -75.86%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and LQQ.PA. For additional features, visit the drawdowns tool.
Volatility
QQQ3.L vs. LQQ.PA - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 17.27% compared to Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) at 10.69%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than LQQ.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.