QQQ3.L vs. QYLU.L
QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) are both Nasdaq-100 funds - QQQ3.L tracks the NASDAQ-100 Index (300%) while QYLU.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. Both are passively managed. Over the past 3 years, QQQ3.L returned 43.17%/yr vs 11.41%/yr for QYLU.L. A 0.71 correlation means they provide meaningful diversification when combined. QQQ3.L charges 0.75%/yr vs 0.45%/yr for QYLU.L.
Performance
QQQ3.L vs. QYLU.L - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ3.L achieves a 23.91% return, which is significantly higher than QYLU.L's 4.87% return.
QQQ3.L
- 1D
- -6.88%
- 1M
- -16.73%
- 6M
- 22.68%
- YTD
- 23.91%
- 1Y
- 51.82%
- 3Y*
- 43.17%
- 5Y*
- 16.26%
- 10Y*
- 41.43%
QYLU.L
- 1D
- -2.37%
- 1M
- -2.67%
- 6M
- 3.99%
- YTD
- 4.87%
- 1Y
- 16.53%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
QQQ3.L vs. QYLU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 23.91% | 27.63% | 59.91% | 209.50% | -19.91% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 4.87% | 5.59% | 22.94% | 22.59% | -2.11% |
Correlation
The correlation between QQQ3.L and QYLU.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.71 |
The correlation between QQQ3.L and QYLU.L shifts across timeframes, from 0.56 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ3.L vs. QYLU.L — Risk / Return Rank
QQQ3.L
QYLU.L
QQQ3.L vs. QYLU.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 Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQ3.L | QYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.31 | -1.88 |
| Martin ratioReturn relative to average drawdown | 4.18 | 11.23 | -7.04 |
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Drawdowns
QQQ3.L vs. QYLU.L - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than QYLU.L's maximum drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and QYLU.L.
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Drawdown Indicators
| QQQ3.L | QYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -19.93% | -61.42% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -4.97% | -30.95% |
Max Drawdown (3Y)Largest decline over 3 years | -58.20% | -19.93% | -38.27% |
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 | -22.57% | -3.70% | -18.87% |
Average DrawdownAverage peak-to-trough decline | -19.03% | -2.43% | -16.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 1.47% | +10.89% |
Volatility
QQQ3.L vs. QYLU.L - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 19.28% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) at 5.42%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.28% | 5.42% | +13.86% |
Volatility (6M)Calculated over the trailing 6-month period | 41.47% | 9.59% | +31.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.00% | 13.32% | +38.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.05% | 15.65% | +47.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.25% | 15.65% | +44.60% |
QQQ3.L vs. QYLU.L - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than QYLU.L's 0.45% expense ratio.
Dividends
QQQ3.L vs. QYLU.L - Dividend Comparison
Neither QQQ3.L nor QYLU.L has paid dividends to shareholders.
Frequently Asked Questions
QQQ3.L and QYLU.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLU.L is cheaper with a 0.45% expense ratio, compared with 0.75% for QQQ3.L.
QQQ3.L tracks NASDAQ-100 Index (300%), while QYLU.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.75% for QQQ3.L and 0.45% for QYLU.L.
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