QQQY.L vs. LQQ3.L

Last updated Jun 6, 2026

QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) and LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both Nasdaq-100 funds. QQQY.L is actively managed, while LQQ3.L is passively managed. Over the past year, QQQY.L returned 29.43% vs 103.35% for LQQ3.L. A 0.66 correlation means they provide meaningful diversification when combined. QQQY.L charges 0.45%/yr vs 0.75%/yr for LQQ3.L.

Performance

QQQY.L vs. LQQ3.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQQY.L is traded in USD, while LQQ3.L is traded in GBp. To make them comparable, the LQQ3.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQY.L achieves a 13.80% return, which is significantly lower than LQQ3.L's 44.38% return.

QQQY.L

• 1D: -1.10%
• 1M: 4.37%
• YTD: 13.80%
• 6M: 13.54%
• 1Y: 29.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LQQ3.L

• 1D: -7.52%
• 1M: 11.02%
• YTD: 44.38%
• 6M: 38.55%
• 1Y: 103.35%
• 3Y*: 61.04%
• 5Y*: 24.83%
• 10Y*: 39.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQY.L vs. LQQ3.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP	13.80%	14.17%	-2.12%
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	44.38%	27.94%	24.10%

Correlation

The correlation between QQQY.L and LQQ3.L is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024	0.66

The correlation between QQQY.L and LQQ3.L has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

Return for Risk

QQQY.L vs. LQQ3.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQY.L

QQQY.L Risk / Return Rank: 77
QQQY.L Sharpe Ratio Rank: 75
QQQY.L Sortino Ratio Rank: 74
QQQY.L Omega Ratio Rank: 73
QQQY.L Calmar Ratio Rank: 82
QQQY.L Martin Ratio Rank: 81

LQQ3.L

LQQ3.L Risk / Return Rank: 67
LQQ3.L Sharpe Ratio Rank: 80
LQQ3.L Sortino Ratio Rank: 67
LQQ3.L Omega Ratio Rank: 64
LQQ3.L Calmar Ratio Rank: 66
LQQ3.L Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQY.L vs. LQQ3.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 WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.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	LQQ3.L	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.19	+0.06
Sortino ratio: Return per unit of downside risk	3.06	2.70	+0.36
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.07
Calmar ratio: Return relative to maximum drawdown	4.02	2.88	+1.14
Martin ratio: Return relative to average drawdown	14.96	9.10	+5.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQY.L vs. LQQ3.L - Sharpe Ratio Comparison

The current QQQY.L Sharpe Ratio is 2.24, which is comparable to the LQQ3.L Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of QQQY.L and LQQ3.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQY.L	LQQ3.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.19	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.70	-0.03

Drawdowns

QQQY.L vs. LQQ3.L - Drawdown Comparison

The maximum QQQY.L drawdown since its inception was -19.38%, smaller than the maximum LQQ3.L drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for QQQY.L and LQQ3.L.

Drawdown Indicators

	QQQY.L	LQQ3.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.38%	-81.30%	+61.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.29%	-35.68%	+28.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.30%	—
Current Drawdown Current decline from peak	-2.19%	-9.63%	+7.44%
Average Drawdown Average peak-to-trough decline	-3.84%	-20.23%	+16.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	11.32%	-9.36%

Volatility

QQQY.L vs. LQQ3.L - Volatility Comparison

The current volatility for IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) is 4.81%, while WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) has a volatility of 16.00%. This indicates that QQQY.L experiences smaller price fluctuations and is considered to be less risky than LQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY.L	LQQ3.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	16.00%	-11.19%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	34.96%	-24.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	46.99%	-33.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.89%	62.91%	-41.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	60.85%	-38.96%

QQQY.L vs. LQQ3.L - Expense Ratio Comparison

QQQY.L has a 0.45% expense ratio, which is lower than LQQ3.L's 0.75% expense ratio.

Dividends

QQQY.L vs. LQQ3.L - Dividend Comparison

QQQY.L's dividend yield for the trailing twelve months is around 68.52%, while LQQ3.L has not paid dividends to shareholders.

Position	TTM	2025	2024
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	0.00%	0.00%	0.00%
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP	68.52%	120.63%	8.51%

Frequently Asked Questions

Can I hold both QQQY.L and LQQ3.L in my portfolio?

QQQY.L and LQQ3.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQY.L or LQQ3.L?

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.

Which ETF is cheaper, QQQY.L or LQQ3.L?

QQQY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for LQQ3.L.

What is the main difference between QQQY.L and LQQ3.L?

They also come from different issuers: Leverage Shares and WisdomTree. Their fees differ too: 0.45% for QQQY.L and 0.75% for LQQ3.L.