QQQY.L vs. 3GOE.L
QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both exchange-traded funds - QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares, while 3GOE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X GOOG Index. QQQY.L is actively managed, while 3GOE.L is passively managed. Over the past year, QQQY.L returned 23.58% vs 475.90% for 3GOE.L. At a 0.40 correlation, their price movements are largely independent. QQQY.L charges 0.45%/yr vs 0.75%/yr for 3GOE.L.
Performance
QQQY.L vs. 3GOE.L - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY.L achieves a 10.62% return, which is significantly lower than 3GOE.L's 18.14% return.
QQQY.L
- 1D
- -0.57%
- 1M
- -3.16%
- YTD
- 10.62%
- 6M
- 10.11%
- 1Y
- 23.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GOE.L
- 1D
- 0.00%
- 1M
- -24.44%
- YTD
- 18.14%
- 6M
- 14.64%
- 1Y
- 475.90%
- 3Y*
- 88.32%
- 5Y*
- 22.06%
- 10Y*
- —
QQQY.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 10.62% | 14.17% | -2.12% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 18.14% | 133.65% | 44.74% |
Correlation
The correlation between QQQY.L and 3GOE.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | 0.40 |
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Return for Risk
QQQY.L vs. 3GOE.L — Risk / Return Rank
QQQY.L
3GOE.L
QQQY.L vs. 3GOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) and Leverage Shares 3x Alphabet ETP Scs (3GOE.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.
| QQQY.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.52 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 9.30 | -6.08 |
| Martin ratioReturn relative to average drawdown | 10.76 | 27.48 | -16.72 |
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Drawdowns
QQQY.L vs. 3GOE.L - Drawdown Comparison
The maximum QQQY.L drawdown since its inception was -19.38%, smaller than the maximum 3GOE.L drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for QQQY.L and 3GOE.L.
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Drawdown Indicators
| QQQY.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -88.62% | +69.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -51.18% | +43.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.62% | — |
Current DrawdownCurrent decline from peak | -4.92% | -33.57% | +28.65% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -43.18% | +39.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 17.32% | -15.13% |
Volatility
QQQY.L vs. 3GOE.L - Volatility Comparison
The current volatility for IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) is 5.82%, while Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a volatility of 36.39%. This indicates that QQQY.L experiences smaller price fluctuations and is considered to be less risky than 3GOE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQY.L | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 36.39% | -30.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 62.31% | -50.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 91.41% | -77.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 90.63% | -68.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 89.06% | -67.16% |
QQQY.L vs. 3GOE.L - Expense Ratio Comparison
QQQY.L has a 0.45% expense ratio, which is lower than 3GOE.L's 0.75% expense ratio.
Dividends
QQQY.L vs. 3GOE.L - Dividend Comparison
QQQY.L's dividend yield for the trailing twelve months is around 70.49%, while 3GOE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 0.00% | 0.00% | 0.00% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 70.49% | 120.63% | 8.51% |
Frequently Asked Questions
QQQY.L and 3GOE.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 3GOE.L.
QQQY.L is categorized as Nasdaq-100, while 3GOE.L is Leveraged Equities. Their fees differ too: 0.45% for QQQY.L and 0.75% for 3GOE.L.
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