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3BA.L vs. COII.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

3BA.L vs. COII.L

Last updated Jun 4, 2026

3BA.L (Leverage Shares 3x Boeing ETP GBX) and COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) are both exchange-traded funds - 3BA.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x BA Index, while COII.L is a Derivative Income fund actively managed by Leverage Shares. 3BA.L is passively managed, while COII.L is actively managed. Over the past year, 3BA.L returned -35.91% vs -65.62% for COII.L. At a 0.26 correlation, their price movements are largely independent. 3BA.L charges 0.75%/yr vs 0.55%/yr for COII.L.

Performance

3BA.L vs. COII.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Boeing ETP GBX (3BA.L) and IncomeShares Coinbase (COIN) Options ETP GBP (COII.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, 3BA.L achieves a -23.18% return, which is significantly higher than COII.L's -44.16% return.

3BA.L

1D
-6.08%
1M
-22.73%
YTD
-23.18%
6M
-6.30%
1Y
-35.91%
3Y*
-40.36%
5Y*
-46.04%
10Y*
—

COII.L

1D
-4.28%
1M
-9.19%
YTD
-44.16%
6M
-51.16%
1Y
-65.62%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

3BA.L vs. COII.L - Yearly Performance Comparison

2026 (YTD)20252024
3BA.L
Leverage Shares 3x Boeing ETP GBX		-23.18%-4.22%47.14%
COII.L
IncomeShares Coinbase (COIN) Options ETP GBP		-44.16%-47.27%15.90%

Correlation

The correlation between 3BA.L and COII.L is 0.23, 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 Sep 27, 2024

0.26

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Leverage Shares 3x Boeing ETP GBX

IncomeShares Coinbase (COIN) Options ETP GBP

Often compared with 3BA.L:
3BA.L vs. 2BRE.L3BA.L vs. TLTI.L3BA.L vs. 5QQQ.L3BA.L vs. 3BID.L3BA.L vs. 3GOO.L3BA.L vs. 3KOR.L3BA.L vs. MRN3.L
Often compared with COII.L:
COII.L vs. COIWCOII.L vs. NVYYCOII.L vs. COINCOII.L vs. GPIQCOII.L vs. YYYCOII.L vs. GOOO.LCOII.L vs. GOOI.L

Return for Risk

3BA.L vs. COII.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
3BA.L
3BA.L Risk / Return Rank: 55
Overall Rank
3BA.L Sharpe Ratio Rank: 55
Sharpe Ratio Rank
3BA.L Sortino Ratio Rank: 77
Sortino Ratio Rank
3BA.L Omega Ratio Rank: 77
Omega Ratio Rank
3BA.L Calmar Ratio Rank: 44
Calmar Ratio Rank
3BA.L Martin Ratio Rank: 44
Martin Ratio Rank
COII.L
COII.L Risk / Return Rank: 11
Overall Rank
COII.L Sharpe Ratio Rank: 11
Sharpe Ratio Rank
COII.L Sortino Ratio Rank: 11
Sortino Ratio Rank
COII.L Omega Ratio Rank: 11
Omega Ratio Rank
COII.L Calmar Ratio Rank: 11
Calmar Ratio Rank
COII.L Martin Ratio Rank: 22
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.

3BA.L vs. COII.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Boeing ETP GBX (3BA.L) and IncomeShares Coinbase (COIN) Options ETP GBP (COII.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.

3BA.LCOII.LDifference
Sharpe ratioReturn per unit of total volatility
-0.40
-1.09

+0.68

Sortino ratioReturn per unit of downside risk
-0.07
-1.88

+1.80

Omega ratioGain probability vs. loss probability

0.99

0.77

+0.22

Calmar ratioReturn relative to maximum drawdown

-0.59

-0.88

+0.29

Martin ratioReturn relative to average drawdown

-1.12

-1.34

+0.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3BA.L vs. COII.L - Sharpe Ratio Comparison

The current 3BA.L Sharpe Ratio is -0.40, which is higher than the COII.L Sharpe Ratio of -1.09. The chart below compares the historical Sharpe Ratios of 3BA.L and COII.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.

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Sharpe Ratios by Period

3BA.LCOII.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.40

-1.09

+0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.45

-0.80

+0.35

Drawdowns

3BA.L vs. COII.L - Drawdown Comparison

The maximum 3BA.L drawdown since its inception was -98.35%, which is greater than COII.L's maximum drawdown of -76.00%. Use the drawdown chart below to compare losses from any high point for 3BA.L and COII.L.

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Drawdown Indicators

3BA.LCOII.LDifference

Max Drawdown

Largest peak-to-trough decline

-98.35%

-76.00%

-22.35%

Max Drawdown (1Y)

Largest decline over 1 year

-60.76%

-74.77%

+14.01%

Max Drawdown (3Y)

Largest decline over 3 years

-94.04%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-97.96%

—

—

Current Drawdown

Current decline from peak

-96.35%

-74.84%

-21.51%

Average Drawdown

Average peak-to-trough decline

-81.98%

-34.04%

-47.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

31.92%

48.94%

-17.02%

Volatility

3BA.L vs. COII.L - Volatility Comparison

Leverage Shares 3x Boeing ETP GBX (3BA.L) has a higher volatility of 34.65% compared to IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) at 16.63%. This indicates that 3BA.L's price experiences larger fluctuations and is considered to be riskier than COII.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

3BA.LCOII.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

34.65%

16.63%

+18.02%

Volatility (6M)

Calculated over the trailing 6-month period

67.78%

41.76%

+26.02%

Volatility (1Y)

Calculated over the trailing 1-year period

89.27%

60.42%

+28.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

122.44%

58.77%

+63.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

122.72%

58.77%

+63.95%

3BA.L vs. COII.L - Expense Ratio Comparison

3BA.L has a 0.75% expense ratio, which is higher than COII.L's 0.55% expense ratio.

Dividends

3BA.L vs. COII.L - Dividend Comparison

3BA.L has not paid dividends to shareholders, while COII.L's dividend yield for the trailing twelve months is around 104.98%.

PositionTTM20252024
3BA.L
Leverage Shares 3x Boeing ETP GBX		0.00%0.00%0.00%
COII.L
IncomeShares Coinbase (COIN) Options ETP GBP		104.98%191.72%18.99%

Frequently Asked Questions

3BA.L and COII.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, COII.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

COII.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3BA.L.

3BA.L is categorized as Leveraged Equities, while COII.L is Derivative Income. Their fees differ too: 0.75% for 3BA.L and 0.55% for COII.L.

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