QQQ3.L vs. SMH
Compare and contrast key facts about WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and VanEck Vectors Semiconductor ETF (SMH).
QQQ3.L and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both QQQ3.L and SMH 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 SMH.
Correlation
The correlation between QQQ3.L and SMH is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQQ3.L vs. SMH - Performance Comparison
Key characteristics
QQQ3.L:
0.92
SMH:
0.78
QQQ3.L:
1.43
SMH:
1.22
QQQ3.L:
1.19
SMH:
1.16
QQQ3.L:
1.12
SMH:
1.14
QQQ3.L:
3.76
SMH:
2.62
QQQ3.L:
12.58%
SMH:
10.81%
QQQ3.L:
52.03%
SMH:
36.15%
QQQ3.L:
-81.35%
SMH:
-83.29%
QQQ3.L:
-4.55%
SMH:
-7.94%
Returns By Period
The year-to-date returns for both stocks are quite close, with QQQ3.L having a 6.56% return and SMH slightly lower at 6.45%. Over the past 10 years, QQQ3.L has outperformed SMH with an annualized return of 34.14%, while SMH has yielded a comparatively lower 26.26% annualized return.
QQQ3.L
6.56%
5.15%
23.81%
59.45%
26.93%
34.14%
SMH
6.45%
-1.75%
6.82%
31.77%
29.79%
26.26%
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QQQ3.L vs. SMH - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
QQQ3.L vs. SMH — Risk-Adjusted Performance Rank
QQQ3.L
SMH
QQQ3.L vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
QQQ3.L has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.42%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
QQQ3.L vs. SMH - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, roughly equal to the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and SMH. For additional features, visit the drawdowns tool.
Volatility
QQQ3.L vs. SMH - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 17.27% compared to VanEck Vectors Semiconductor ETF (SMH) at 12.17%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.