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Leverage Shares 3x Long Gold Miners ETC (3GDX.L)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
XS2399369896
Inception Date
Dec 10, 2021
Leveraged
3x
Index Tracked
No Index (Active)
Domicile
Ireland
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Mid-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Leverage Shares 3x Long Gold Miners ETC, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Leverage Shares 3x Long Gold Miners ETC (3GDX.L) has returned -16.91% so far this year and 219.83% over the past 12 months.


Leverage Shares 3x Long Gold Miners ETC

1D
8.89%
1M
-56.99%
YTD
-16.91%
6M
-1.15%
1Y
219.83%
3Y*
54.76%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 14, 2021, 3GDX.L's average daily return is +0.30%, while the average monthly return is +6.18%. At this rate, your investment would double in approximately 1.0 years.

Historically, 58% of months were positive and 42% were negative. The best month was Sep 2025 with a return of +73.8%, while the worst month was Mar 2026 at -57.0%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.

On a daily basis, 3GDX.L closed higher 51% of trading days. The best single day was Dec 14, 2023 with a return of +24.9%, while the worst single day was Oct 21, 2025 at -29.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202633.24%44.97%-56.99%-16.91%
202554.64%-6.82%48.53%7.53%-0.13%2.48%0.36%68.52%73.81%-22.97%44.55%6.85%723.93%
2024-26.17%-23.92%66.62%13.54%7.58%-9.81%27.79%1.05%2.65%4.86%-20.05%-27.68%-17.15%
202330.04%-38.84%55.43%7.12%-23.57%-16.52%3.82%-14.06%-22.36%12.75%24.46%-1.63%-19.21%
2022-21.32%46.22%41.52%-23.00%-30.02%-37.10%-19.48%-20.96%2.23%-10.71%42.33%3.25%-52.89%
202116.47%16.47%

Benchmark Metrics

Leverage Shares 3x Long Gold Miners ETC has an annualized alpha of 90.41%, beta of 0.84, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since December 15, 2021.

  • This ETF captured 348.84% of S&P 500 Index gains and 186.80% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • R² of 0.02 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
90.41%
Beta
0.84
0.02
Upside Capture
348.84%
Downside Capture
186.80%

Expense Ratio

3GDX.L has an expense ratio of 0.75%, placing it in the medium range.


Return for Risk

Risk / Return Rank

3GDX.L ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


3GDX.L Risk / Return Rank: 8282
Overall Rank
3GDX.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
3GDX.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
3GDX.L Omega Ratio Rank: 7676
Omega Ratio Rank
3GDX.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
3GDX.L Martin Ratio Rank: 7777
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Leverage Shares 3x Long Gold Miners ETC (3GDX.L) and compare them to a chosen benchmark (S&P 500 Index).


3GDX.LBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.67

0.90

+0.78

Sortino ratio

Return per unit of downside risk

2.23

1.39

+0.84

Omega ratio

Gain probability vs. loss probability

1.30

1.21

+0.09

Calmar ratio

Return relative to maximum drawdown

3.00

1.40

+1.60

Martin ratio

Return relative to average drawdown

8.43

6.61

+1.83

Explore 3GDX.L risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


Leverage Shares 3x Long Gold Miners ETC doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Leverage Shares 3x Long Gold Miners ETC. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Leverage Shares 3x Long Gold Miners ETC was 89.13%, occurring on Feb 28, 2024. Recovery took 395 trading sessions.

The current Leverage Shares 3x Long Gold Miners ETC drawdown is 59.62%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-89.13%Apr 14, 2022468Feb 28, 2024395Sep 22, 2025863
-69.66%Jan 27, 202639Mar 20, 2026
-47.39%Oct 17, 202513Nov 4, 202534Dec 22, 202547
-29.47%Jan 21, 20226Jan 28, 202213Feb 16, 202219
-23.96%Dec 23, 20256Jan 2, 20265Jan 9, 202611

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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