3BAB.L vs. 3XLE.L
3BAB.L (Leverage Shares 3x Alibaba ETC) and 3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. 3BAB.L is passively managed, while 3XLE.L is actively managed. Over the past year, 3BAB.L returned -70.50% vs 63.46% for 3XLE.L. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3BAB.L vs. 3XLE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3BAB.L achieves a -79.03% return, which is significantly lower than 3XLE.L's 48.54% return.
3BAB.L
- 1D
- -16.86%
- 1M
- -59.50%
- YTD
- -79.03%
- 6M
- -80.77%
- 1Y
- -70.50%
- 3Y*
- -41.42%
- 5Y*
- —
- 10Y*
- —
3XLE.L
- 1D
- -6.13%
- 1M
- -25.00%
- YTD
- 48.54%
- 6M
- 51.49%
- 1Y
- 63.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3BAB.L vs. 3XLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3BAB.L Leverage Shares 3x Alibaba ETC | -79.03% | 109.01% | 16.44% |
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 48.54% | -17.73% | -41.08% |
Correlation
The correlation between 3BAB.L and 3XLE.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.04 |
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Return for Risk
3BAB.L vs. 3XLE.L — Risk / Return Rank
3BAB.L
3XLE.L
3BAB.L vs. 3XLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alibaba ETC (3BAB.L) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.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 | 3XLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.19 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.39 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.31 | 3.68 | -4.98 |
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Drawdowns
3BAB.L vs. 3XLE.L - Drawdown Comparison
The maximum 3BAB.L drawdown since its inception was -91.79%, which is greater than 3XLE.L's maximum drawdown of -64.70%. Use the drawdown chart below to compare losses from any high point for 3BAB.L and 3XLE.L.
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Drawdown Indicators
| 3BAB.L | 3XLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.79% | -64.70% | -27.09% |
Max Drawdown (1Y)Largest decline over 1 year | -91.79% | -43.33% | -48.46% |
Max Drawdown (3Y)Largest decline over 3 years | -91.79% | — | — |
Current DrawdownCurrent decline from peak | -91.79% | -43.33% | -48.46% |
Average DrawdownAverage peak-to-trough decline | -54.16% | -35.41% | -18.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.98% | 16.39% | +37.59% |
Volatility
3BAB.L vs. 3XLE.L - Volatility Comparison
Leverage Shares 3x Alibaba ETC (3BAB.L) has a higher volatility of 36.71% compared to Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) at 24.14%. This indicates that 3BAB.L's price experiences larger fluctuations and is considered to be riskier than 3XLE.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 | 3XLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.71% | 24.14% | +12.57% |
Volatility (6M)Calculated over the trailing 6-month period | 91.03% | 59.80% | +31.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 126.64% | 68.63% | +58.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 126.61% | 68.61% | +58.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.61% | 68.61% | +58.00% |
3BAB.L vs. 3XLE.L - Expense Ratio Comparison
Both 3BAB.L and 3XLE.L have an expense ratio of 0.75%.
Dividends
3BAB.L vs. 3XLE.L - Dividend Comparison
Neither 3BAB.L nor 3XLE.L has paid dividends to shareholders.
Frequently Asked Questions
3BAB.L and 3XLE.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3BAB.L and 3XLE.L have the same expense ratio: 0.75% per year.
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