RKLX vs. 3QQQ.L
RKLX (Defiance Daily Target 2X Long RKLB ETF) and 3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) are both Leveraged Equities funds. Both are actively managed. Over the past year, RKLX returned 535.41% vs 126.24% for 3QQQ.L. At a 0.27 correlation, their price movements are largely independent. RKLX charges 1.29%/yr vs 0.01%/yr for 3QQQ.L.
Performance
RKLX vs. 3QQQ.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with RKLX having a 59.46% return and 3QQQ.L slightly lower at 58.35%.
RKLX
- 1D
- -14.06%
- 1M
- 69.79%
- YTD
- 59.46%
- 6M
- 247.53%
- 1Y
- 535.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3QQQ.L
- 1D
- -0.22%
- 1M
- 33.53%
- YTD
- 58.35%
- 6M
- 52.86%
- 1Y
- 126.24%
- 3Y*
- 58.21%
- 5Y*
- —
- 10Y*
- —
RKLX vs. 3QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RKLX Defiance Daily Target 2X Long RKLB ETF | 59.46% | 654.37% |
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 58.35% | 68.53% |
Correlation
The correlation between RKLX and 3QQQ.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025 | 0.27 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RKLX vs. 3QQQ.L — Risk / Return Rank
RKLX
3QQQ.L
RKLX vs. 3QQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RKLB ETF (RKLX) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.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.
| RKLX | 3QQQ.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.94 | 1.99 | +0.95 |
Sortino ratioReturn per unit of downside risk | 3.12 | 2.76 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 7.53 | 2.62 | +4.91 |
Martin ratioReturn relative to average drawdown | 14.71 | 5.59 | +9.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| RKLX | 3QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 1.99 | +0.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.69 | 0.60 | +3.10 |
Drawdowns
RKLX vs. 3QQQ.L - Drawdown Comparison
The maximum RKLX drawdown since its inception was -71.71%, which is greater than 3QQQ.L's maximum drawdown of -58.93%. Use the drawdown chart below to compare losses from any high point for RKLX and 3QQQ.L.
Loading charts...
Drawdown Indicators
| RKLX | 3QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.71% | -58.93% | -12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -71.71% | -47.89% | -23.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.67% | — |
Current DrawdownCurrent decline from peak | -44.20% | -0.22% | -43.98% |
Average DrawdownAverage peak-to-trough decline | -25.90% | -20.61% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.65% | 22.48% | +14.17% |
Volatility
RKLX vs. 3QQQ.L - Volatility Comparison
Defiance Daily Target 2X Long RKLB ETF (RKLX) has a higher volatility of 80.64% compared to Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) at 14.15%. This indicates that RKLX's price experiences larger fluctuations and is considered to be riskier than 3QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RKLX | 3QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 80.64% | 14.15% | +66.49% |
Volatility (6M)Calculated over the trailing 6-month period | 142.22% | 33.27% | +108.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 183.57% | 63.10% | +120.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 181.89% | 63.49% | +118.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 181.89% | 63.49% | +118.40% |
RKLX vs. 3QQQ.L - Expense Ratio Comparison
RKLX has a 1.29% expense ratio, which is higher than 3QQQ.L's 0.01% expense ratio.
Dividends
RKLX vs. 3QQQ.L - Dividend Comparison
RKLX's dividend yield for the trailing twelve months is around 9.37%, while 3QQQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 0.00% | 0.00% |
RKLX Defiance Daily Target 2X Long RKLB ETF | 9.37% | 14.94% |
Frequently Asked Questions
RKLX and 3QQQ.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3QQQ.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3QQQ.L is cheaper with a 0.01% expense ratio, compared with 1.29% for RKLX.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for RKLX and 0.01% for 3QQQ.L.
Find the right allocation for RKLX and 3QQQ.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer