QQQ3.L vs. ^NDX
Compare and contrast key facts about WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and NASDAQ 100 (^NDX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ3.L or ^NDX.
Correlation
The correlation between QQQ3.L and ^NDX is 0.57, 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. ^NDX - Performance Comparison
Key characteristics
QQQ3.L:
1.21
^NDX:
1.31
QQQ3.L:
1.71
^NDX:
1.80
QQQ3.L:
1.23
^NDX:
1.24
QQQ3.L:
1.49
^NDX:
1.79
QQQ3.L:
5.00
^NDX:
6.12
QQQ3.L:
12.57%
^NDX:
3.96%
QQQ3.L:
52.10%
^NDX:
18.47%
QQQ3.L:
-81.35%
^NDX:
-82.90%
QQQ3.L:
-2.47%
^NDX:
0.00%
Returns By Period
In the year-to-date period, QQQ3.L achieves a 8.88% return, which is significantly higher than ^NDX's 5.54% return. Over the past 10 years, QQQ3.L has outperformed ^NDX with an annualized return of 34.68%, while ^NDX has yielded a comparatively lower 17.49% annualized return.
QQQ3.L
8.88%
6.42%
25.46%
60.45%
27.50%
34.68%
^NDX
5.54%
3.43%
11.86%
26.38%
18.69%
17.49%
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Risk-Adjusted Performance
QQQ3.L vs. ^NDX — Risk-Adjusted Performance Rank
QQQ3.L
^NDX
QQQ3.L vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and NASDAQ 100 (^NDX). 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.
Drawdowns
QQQ3.L vs. ^NDX - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, roughly equal to the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and ^NDX. For additional features, visit the drawdowns tool.
Volatility
QQQ3.L vs. ^NDX - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 17.98% compared to NASDAQ 100 (^NDX) at 4.80%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.