3BAB.L vs. 3BAL.L
3BAB.L (Leverage Shares 3x Alibaba ETC) and 3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) are both Leveraged Equities funds - 3BAB.L tracks the iSTOXX Leveraged 3x BABA Index while 3BAL.L tracks the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. Both are passively managed. Over the past 3 years, 3BAB.L returned -32.04%/yr vs 142.76%/yr for 3BAL.L. At a 0.28 correlation, their price movements are largely independent. 3BAB.L charges 0.75%/yr vs 0.89%/yr for 3BAL.L.
Performance
3BAB.L vs. 3BAL.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3BAB.L achieves a -62.83% return, which is significantly lower than 3BAL.L's 31.85% return.
3BAB.L
- 1D
- 0.34%
- 1M
- 17.94%
- 6M
- -75.91%
- YTD
- -62.83%
- 1Y
- -45.78%
- 3Y*
- -32.04%
- 5Y*
- —
- 10Y*
- —
3BAL.L
- 1D
- 1.11%
- 1M
- 8.74%
- 6M
- 21.13%
- YTD
- 31.85%
- 1Y
- 176.13%
- 3Y*
- 142.76%
- 5Y*
- 81.21%
- 10Y*
- 18.31%
3BAB.L vs. 3BAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
3BAB.L Leverage Shares 3x Alibaba ETC | -62.83% | 109.01% | -18.41% | -40.40% |
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 31.85% | 433.07% | 68.07% | 37.63% |
Correlation
The correlation between 3BAB.L and 3BAL.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 | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.28 |
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Return for Risk
3BAB.L vs. 3BAL.L — Risk / Return Rank
3BAB.L
3BAL.L
3BAB.L vs. 3BAL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alibaba ETC (3BAB.L) and WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3BAB.L | 3BAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.35 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.85 | -4.35 |
| Martin ratioReturn relative to average drawdown | -0.79 | 10.36 | -11.15 |
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Drawdowns
3BAB.L vs. 3BAL.L - Drawdown Comparison
The maximum 3BAB.L drawdown since its inception was -92.05%, smaller than the maximum 3BAL.L drawdown of -99.29%. Use the drawdown chart below to compare losses from any high point for 3BAB.L and 3BAL.L.
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Drawdown Indicators
| 3BAB.L | 3BAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.05% | -99.29% | +7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -92.05% | -45.44% | -46.61% |
Max Drawdown (3Y)Largest decline over 3 years | -92.05% | -50.31% | -41.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -97.78% | — |
Current DrawdownCurrent decline from peak | -85.46% | -44.85% | -40.61% |
Average DrawdownAverage peak-to-trough decline | -54.85% | -81.81% | +26.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.14% | 16.92% | +41.22% |
Volatility
3BAB.L vs. 3BAL.L - Volatility Comparison
Leverage Shares 3x Alibaba ETC (3BAB.L) has a higher volatility of 43.99% compared to WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) at 16.34%. This indicates that 3BAB.L's price experiences larger fluctuations and is considered to be riskier than 3BAL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3BAB.L | 3BAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.99% | 16.34% | +27.65% |
Volatility (6M)Calculated over the trailing 6-month period | 90.56% | 56.92% | +33.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.90% | 68.72% | +61.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.45% | 74.78% | +52.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.45% | 82.38% | +45.07% |
3BAB.L vs. 3BAL.L - Expense Ratio Comparison
3BAB.L has a 0.75% expense ratio, which is lower than 3BAL.L's 0.89% expense ratio.
Dividends
3BAB.L vs. 3BAL.L - Dividend Comparison
Neither 3BAB.L nor 3BAL.L has paid dividends to shareholders.
Frequently Asked Questions
3BAB.L and 3BAL.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, 3BAB.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3BAB.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
3BAB.L tracks iSTOXX Leveraged 3x BABA Index, while 3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. They also come from different issuers: Leverage Shares and WisdomTree. Their fees differ too: 0.75% for 3BAB.L and 0.89% for 3BAL.L.
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