3BAL.L vs. 3XLE.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and 3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) are both Leveraged Equities funds. 3BAL.L is passively managed, while 3XLE.L is actively managed. Over the past 3 years, 3BAL.L returned 136.42%/yr vs 15.13%/yr for 3XLE.L. At a 0.15 correlation, their price movements are largely independent. 3BAL.L charges 0.89%/yr vs 0.75%/yr for 3XLE.L.
Performance
3BAL.L vs. 3XLE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3BAL.L achieves a 2.88% return, which is significantly lower than 3XLE.L's 98.06% return.
3BAL.L
- 1D
- 2.25%
- 1M
- 14.53%
- YTD
- 2.88%
- 6M
- 25.89%
- 1Y
- 120.86%
- 3Y*
- 136.42%
- 5Y*
- 59.87%
- 10Y*
- —
3XLE.L
- 1D
- 6.81%
- 1M
- -1.92%
- YTD
- 98.06%
- 6M
- 87.16%
- 1Y
- 122.22%
- 3Y*
- 15.13%
- 5Y*
- —
- 10Y*
- —
3BAL.L vs. 3XLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 2.88% | 433.07% | 68.07% | 63.85% | -24.90% | 5.59% |
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 98.06% | -17.73% | -12.65% | -29.34% | 191.33% | -3.39% |
Correlation
The correlation between 3BAL.L and 3XLE.L is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.15 |
The correlation between 3BAL.L and 3XLE.L shifts across timeframes, from -0.22 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3BAL.L vs. 3XLE.L — Risk / Return Rank
3BAL.L
3XLE.L
3BAL.L vs. 3XLE.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 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.
| 3BAL.L | 3XLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.10 | -0.48 |
| Martin ratioReturn relative to average drawdown | 7.11 | 8.55 | -1.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3BAL.L | 3XLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.82 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.34 | -0.24 |
Drawdowns
3BAL.L vs. 3XLE.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -97.78%, which is greater than 3XLE.L's maximum drawdown of -74.89%. Use the drawdown chart below to compare losses from any high point for 3BAL.L and 3XLE.L.
Loading charts...
Drawdown Indicators
| 3BAL.L | 3XLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.78% | -74.89% | -22.89% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -39.26% | -6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -66.05% | +15.74% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | — | — |
Current DrawdownCurrent decline from peak | -15.06% | -31.69% | +16.63% |
Average DrawdownAverage peak-to-trough decline | -66.27% | -45.07% | -21.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.72% | 14.25% | +2.47% |
Volatility
3BAL.L vs. 3XLE.L - Volatility Comparison
The current volatility for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) is 18.17%, while Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a volatility of 25.62%. This indicates that 3BAL.L experiences smaller price fluctuations and is considered to be less risky than 3XLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3BAL.L | 3XLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.17% | 25.62% | -7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 54.27% | 57.75% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.63% | 67.19% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.92% | 82.23% | -7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.86% | 82.23% | +0.63% |
3BAL.L vs. 3XLE.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than 3XLE.L's 0.75% expense ratio.
Dividends
3BAL.L vs. 3XLE.L - Dividend Comparison
Neither 3BAL.L nor 3XLE.L has paid dividends to shareholders.
Frequently Asked Questions
3BAL.L and 3XLE.L have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3XLE.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3XLE.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.89% for 3BAL.L and 0.75% for 3XLE.L.
Find the right allocation for 3BAL.L and 3XLE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer