3BAL.L vs. 3NIE.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and 3NIE.L (Leverage Shares 3x Long NIO ETP Securities) are both Leveraged Equities funds - 3BAL.L tracks the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index while 3NIE.L tracks the iSTOXX Leveraged 3x NIO Index. Both are passively managed. Over the past 3 years, 3BAL.L returned 155.31%/yr vs -5.54%/yr for 3NIE.L. At a 0.25 correlation, their price movements are largely independent. 3BAL.L charges 0.89%/yr vs 0.75%/yr for 3NIE.L.
Performance
3BAL.L vs. 3NIE.L - Performance Comparison
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Different Trading Currencies
3BAL.L is traded in GBp, while 3NIE.L is traded in USD. To make them comparable, the 3NIE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3BAL.L achieves a 25.66% return, which is significantly higher than 3NIE.L's -58.96% return.
3BAL.L
- 1D
- 1.86%
- 1M
- 23.42%
- YTD
- 25.66%
- 6M
- 27.44%
- 1Y
- 182.60%
- 3Y*
- 155.31%
- 5Y*
- 70.85%
- 10Y*
- 21.97%
3NIE.L
- 1D
- -15.04%
- 1M
- -27.97%
- YTD
- -58.96%
- 6M
- -46.89%
- 1Y
- -32.10%
- 3Y*
- -5.54%
- 5Y*
- —
- 10Y*
- —
3BAL.L vs. 3NIE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 25.66% | 433.07% | 68.07% | 63.85% | -24.90% | 7.86% |
3NIE.L Leverage Shares 3x Long NIO ETP Securities | -58.96% | 20,098.97% | -98.13% | -83.22% | -99.74% | -37.15% |
Correlation
The correlation between 3BAL.L and 3NIE.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.25 |
The correlation between 3BAL.L and 3NIE.L shifts across timeframes, from 0.11 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3BAL.L vs. 3NIE.L — Risk / Return Rank
3BAL.L
3NIE.L
3BAL.L vs. 3NIE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.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.
| 3BAL.L | 3NIE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.11 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | -0.36 | +4.35 |
| Martin ratioReturn relative to average drawdown | 10.72 | -0.51 | +11.22 |
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Drawdowns
3BAL.L vs. 3NIE.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -99.29%, roughly equal to the maximum 3NIE.L drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for 3BAL.L and 3NIE.L.
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Drawdown Indicators
| 3BAL.L | 3NIE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.29% | -100.00% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -89.86% | +44.42% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -99.85% | +49.54% |
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 | -47.44% | -99.96% | +52.52% |
Average DrawdownAverage peak-to-trough decline | -82.00% | -96.78% | +14.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.96% | 63.46% | -46.50% |
Volatility
3BAL.L vs. 3NIE.L - Volatility Comparison
The current volatility for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) is 18.61%, while Leverage Shares 3x Long NIO ETP Securities (3NIE.L) has a volatility of 42.44%. This indicates that 3BAL.L experiences smaller price fluctuations and is considered to be less risky than 3NIE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3BAL.L | 3NIE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.61% | 42.44% | -23.83% |
Volatility (6M)Calculated over the trailing 6-month period | 55.75% | 120.18% | -64.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.87% | 180.06% | -111.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.08% | 29,677.31% | -29,602.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.99% | 29,677.31% | -29,594.32% |
3BAL.L vs. 3NIE.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than 3NIE.L's 0.75% expense ratio.
Dividends
3BAL.L vs. 3NIE.L - Dividend Comparison
Neither 3BAL.L nor 3NIE.L has paid dividends to shareholders.
Frequently Asked Questions
3BAL.L and 3NIE.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3NIE.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3NIE.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index, while 3NIE.L tracks iSTOXX Leveraged 3x NIO Index. They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.89% for 3BAL.L and 0.75% for 3NIE.L.
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