QQQ3.L vs. LQQ3.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both Nasdaq-100 funds from WisdomTree - QQQ3.L tracks the NASDAQ-100 Index (300%) while LQQ3.L tracks the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 5 years, QQQ3.L returned 26.81%/yr vs 26.79%/yr for LQQ3.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.75% expense ratio.
Performance
QQQ3.L vs. LQQ3.L - Performance Comparison
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Different Trading Currencies
QQQ3.L is traded in USD, while LQQ3.L is traded in GBp. To make them comparable, the LQQ3.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with QQQ3.L having a 56.06% return and LQQ3.L slightly higher at 56.11%.
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%
LQQ3.L
- 1D
- -1.87%
- 1M
- 25.99%
- YTD
- 56.11%
- 6M
- 52.13%
- 1Y
- 124.82%
- 3Y*
- 64.04%
- 5Y*
- 26.79%
- 10Y*
- —
QQQ3.L vs. LQQ3.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% | 64.73% |
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.11% | 27.94% | 59.80% | 207.47% | -79.55% | 88.13% | 109.20% | 130.73% | -21.54% | 63.57% |
Correlation
The correlation between QQQ3.L and LQQ3.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.99 |
The correlation between QQQ3.L and LQQ3.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
QQQ3.L vs. LQQ3.L — Risk / Return Rank
QQQ3.L
LQQ3.L
QQQ3.L vs. LQQ3.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 NASDAQ 100 3x Daily Leveraged (LQQ3.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 | LQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.48 | -0.04 |
| Martin ratioReturn relative to average drawdown | 10.78 | 11.00 | -0.22 |
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 | LQQ3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.68 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.44 | -0.01 |
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 | 0.67 | +0.15 |
Drawdowns
QQQ3.L vs. LQQ3.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, roughly equal to the maximum LQQ3.L drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and LQQ3.L.
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Drawdown Indicators
| QQQ3.L | LQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -81.30% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -35.68% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -58.28% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -81.35% | -81.30% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -81.35% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | -2.28% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -24.18% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 11.30% | +0.19% |
Volatility
QQQ3.L vs. LQQ3.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 14.73% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) at 13.98%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than LQQ3.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 | LQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 13.98% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 34.00% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 46.34% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.24% | 61.33% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 61.02% | -1.11% |
QQQ3.L vs. LQQ3.L - Expense Ratio Comparison
Both QQQ3.L and LQQ3.L have an expense ratio of 0.75%.
Dividends
QQQ3.L vs. LQQ3.L - Dividend Comparison
Neither QQQ3.L nor LQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, QQQ3.L and LQQ3.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQQ3.L and LQQ3.L have the same expense ratio: 0.75% per year.
QQQ3.L tracks NASDAQ-100 Index (300%), while LQQ3.L tracks NASDAQ-100 Notional Net Total Return Index.
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