QQQ3.L vs. QQQ5.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and QQQ5.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both Nasdaq-100 funds - QQQ3.L tracks the NASDAQ-100 Index (300%) while QQQ5.L tracks the Invesco QQQ Trust. Both are passively managed. Over the past 3 years, QQQ3.L returned 64.10%/yr vs 74.62%/yr for QQQ5.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.75% expense ratio.
Performance
QQQ3.L vs. QQQ5.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 lower than QQQ5.L's 91.93% 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%
QQQ5.L
- 1D
- -3.75%
- 1M
- 44.54%
- YTD
- 91.93%
- 6M
- 81.30%
- 1Y
- 210.48%
- 3Y*
- 74.62%
- 5Y*
- —
- 10Y*
- —
QQQ3.L vs. QQQ5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 56.06% | 27.64% | 59.91% | 209.50% | -79.58% | 11.10% |
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities | 91.93% | 2.29% | 74.04% | 430.61% | -96.07% | 17.02% |
Correlation
The correlation between QQQ3.L and QQQ5.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 (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.99 |
The correlation between QQQ3.L and QQQ5.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. QQQ5.L — Risk / Return Rank
QQQ3.L
QQQ5.L
QQQ3.L vs. QQQ5.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 Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.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 | QQQ5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.68 | -0.24 |
| Martin ratioReturn relative to average drawdown | 10.78 | 10.11 | +0.67 |
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 | QQQ5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.62 | +0.01 |
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 | -0.04 | +0.85 |
Drawdowns
QQQ3.L vs. QQQ5.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, smaller than the maximum QQQ5.L drawdown of -96.40%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and QQQ5.L.
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Drawdown Indicators
| QQQ3.L | QQQ5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -96.40% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -56.84% | +20.92% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -80.09% | +21.89% |
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% | -31.58% | +29.10% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -75.53% | +55.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 20.72% | -9.23% |
Volatility
QQQ3.L vs. QQQ5.L - Volatility Comparison
The current volatility for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) is 14.73%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) has a volatility of 24.82%. This indicates that QQQ3.L experiences smaller price fluctuations and is considered to be less risky than QQQ5.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 | QQQ5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 24.82% | -10.09% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 58.83% | -24.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 79.70% | -32.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.24% | 106.00% | -43.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 106.00% | -46.09% |
QQQ3.L vs. QQQ5.L - Expense Ratio Comparison
Both QQQ3.L and QQQ5.L have an expense ratio of 0.75%.
Dividends
QQQ3.L vs. QQQ5.L - Dividend Comparison
Neither QQQ3.L nor QQQ5.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, QQQ3.L and QQQ5.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 QQQ5.L have the same expense ratio: 0.75% per year.
QQQ3.L tracks NASDAQ-100 Index (300%), while QQQ5.L tracks Invesco QQQ Trust. They also come from different issuers: WisdomTree and Leverage Shares.
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