QQQY.L vs. KWE3.L
QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) and KWE3.L (Leverage Shares 3x Long China Tech ETC Securities) are both exchange-traded funds - QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares, while KWE3.L is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past year, QQQY.L returned 31.81% vs -59.44% for KWE3.L. At a 0.28 correlation, their price movements are largely independent. QQQY.L charges 0.45%/yr vs 0.75%/yr for KWE3.L.
Performance
QQQY.L vs. KWE3.L - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY.L achieves a 15.10% return, which is significantly higher than KWE3.L's -57.87% return.
QQQY.L
- 1D
- -0.82%
- 1M
- 7.64%
- YTD
- 15.10%
- 6M
- 14.75%
- 1Y
- 31.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KWE3.L
- 1D
- -1.12%
- 1M
- -18.01%
- YTD
- -57.87%
- 6M
- -62.55%
- 1Y
- -59.44%
- 3Y*
- -34.38%
- 5Y*
- —
- 10Y*
- —
QQQY.L vs. KWE3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 15.10% | 14.25% | 7.28% |
KWE3.L Leverage Shares 3x Long China Tech ETC Securities | -57.87% | 11.50% | 29.53% |
Correlation
The correlation between QQQY.L and KWE3.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.28 |
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Return for Risk
QQQY.L vs. KWE3.L — Risk / Return Rank
QQQY.L
KWE3.L
QQQY.L vs. KWE3.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 Long China Tech ETC Securities (KWE3.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.
| QQQY.L | KWE3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.89 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | -0.75 | +5.07 |
| Martin ratioReturn relative to average drawdown | 13.40 | -1.33 | +14.74 |
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
| QQQY.L | KWE3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | -0.74 | +2.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | -0.45 | +1.48 |
Drawdowns
QQQY.L vs. KWE3.L - Drawdown Comparison
The maximum QQQY.L drawdown since its inception was -19.23%, smaller than the maximum KWE3.L drawdown of -98.72%. Use the drawdown chart below to compare losses from any high point for QQQY.L and KWE3.L.
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Drawdown Indicators
| QQQY.L | KWE3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -98.72% | +79.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -79.09% | +71.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -83.05% | — |
Current DrawdownCurrent decline from peak | -0.93% | -98.63% | +97.70% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -90.36% | +87.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 44.53% | -42.16% |
Volatility
QQQY.L vs. KWE3.L - Volatility Comparison
The current volatility for IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) is 4.78%, while Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) has a volatility of 36.15%. This indicates that QQQY.L experiences smaller price fluctuations and is considered to be less risky than KWE3.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 | KWE3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 36.15% | -31.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 61.19% | -50.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 80.73% | -66.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 136.42% | -115.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 136.42% | -115.44% |
QQQY.L vs. KWE3.L - Expense Ratio Comparison
QQQY.L has a 0.45% expense ratio, which is lower than KWE3.L's 0.75% expense ratio.
Dividends
QQQY.L vs. KWE3.L - Dividend Comparison
QQQY.L's dividend yield for the trailing twelve months is around 67.73%, while KWE3.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KWE3.L Leverage Shares 3x Long China Tech ETC Securities | 0.00% | 0.00% | 0.00% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.73% | 120.60% | 18.65% |
Frequently Asked Questions
QQQY.L and KWE3.L have a correlation of 0.33, 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 KWE3.L.
QQQY.L is categorized as Nasdaq-100, while KWE3.L is Leveraged Equities. Their fees differ too: 0.45% for QQQY.L and 0.75% for KWE3.L.
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