3BA.L vs. NVDI.L
3BA.L (Leverage Shares 3x Boeing ETP GBX) and NVDI.L (IncomeShares NVIDIA NVDA Options ETP) are both exchange-traded funds - 3BA.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x BA Index, while NVDI.L is a Options Trading fund actively managed by Leverage Shares. 3BA.L is passively managed, while NVDI.L is actively managed. Over the past year, 3BA.L returned -35.91% vs 20.96% for NVDI.L. At a 0.26 correlation, their price movements are largely independent. 3BA.L charges 0.75%/yr vs 0.55%/yr for NVDI.L.
Performance
3BA.L vs. NVDI.L - Performance Comparison
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Different Trading Currencies
3BA.L is traded in GBp, while NVDI.L is traded in USD. To make them comparable, the NVDI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3BA.L achieves a -23.18% return, which is significantly lower than NVDI.L's -0.06% 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*
- —
NVDI.L
- 1D
- -3.38%
- 1M
- 8.36%
- YTD
- -0.06%
- 6M
- 2.55%
- 1Y
- 20.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3BA.L vs. NVDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3BA.L Leverage Shares 3x Boeing ETP GBX | -23.18% | -4.22% | -27.93% |
NVDI.L IncomeShares NVIDIA NVDA Options ETP | -0.06% | 8.34% | -4.17% |
Correlation
The correlation between 3BA.L and NVDI.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.26 |
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Return for Risk
3BA.L vs. NVDI.L — Risk / Return Rank
3BA.L
NVDI.L
3BA.L vs. NVDI.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 NVIDIA NVDA Options ETP (NVDI.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.L | NVDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.13 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.95 | -1.54 |
| Martin ratioReturn relative to average drawdown | -1.12 | 1.83 | -2.95 |
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
| 3BA.L | NVDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.63 | -1.03 |
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 | 0.05 | -0.50 |
Drawdowns
3BA.L vs. NVDI.L - Drawdown Comparison
The maximum 3BA.L drawdown since its inception was -98.35%, which is greater than NVDI.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for 3BA.L and NVDI.L.
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Drawdown Indicators
| 3BA.L | NVDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.35% | -33.89% | -64.46% |
Max Drawdown (1Y)Largest decline over 1 year | -60.76% | -22.04% | -38.72% |
Max Drawdown (3Y)Largest decline over 3 years | -94.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.96% | — | — |
Current DrawdownCurrent decline from peak | -96.35% | -11.75% | -84.60% |
Average DrawdownAverage peak-to-trough decline | -81.98% | -11.82% | -70.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.92% | 11.44% | +20.48% |
Volatility
3BA.L vs. NVDI.L - Volatility Comparison
Leverage Shares 3x Boeing ETP GBX (3BA.L) has a higher volatility of 34.65% compared to IncomeShares NVIDIA NVDA Options ETP (NVDI.L) at 10.06%. This indicates that 3BA.L's price experiences larger fluctuations and is considered to be riskier than NVDI.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.L | NVDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.65% | 10.06% | +24.59% |
Volatility (6M)Calculated over the trailing 6-month period | 67.78% | 20.27% | +47.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.27% | 33.12% | +56.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.44% | 39.74% | +82.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.72% | 39.74% | +82.98% |
3BA.L vs. NVDI.L - Expense Ratio Comparison
3BA.L has a 0.75% expense ratio, which is higher than NVDI.L's 0.55% expense ratio.
Dividends
3BA.L vs. NVDI.L - Dividend Comparison
3BA.L has not paid dividends to shareholders, while NVDI.L's dividend yield for the trailing twelve months is around 20.63%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3BA.L Leverage Shares 3x Boeing ETP GBX | 0.00% | 0.00% | 0.00% |
NVDI.L IncomeShares NVIDIA NVDA Options ETP | 20.63% | 32.04% | 2.59% |
Frequently Asked Questions
3BA.L and NVDI.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3BA.L.
3BA.L is categorized as Leveraged Equities, while NVDI.L is Options Trading. Their fees differ too: 0.75% for 3BA.L and 0.55% for NVDI.L.
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