3BID.L vs. AVGI.L

Last updated Jun 26, 2026

3BID.L (Leverage Shares 3x Baidu ETC GBP) and AVGI.L (IncomeShares Broadcom (AVGO) Options ETP) are both exchange-traded funds - 3BID.L is a Leveraged Equities fund tracking the Solactive Leveraged 3x BIDU Index, while AVGI.L is a Derivative Income fund actively managed by Leverage Shares. 3BID.L is passively managed, while AVGI.L is actively managed. At a 0.20 correlation, their price movements are largely independent. 3BID.L charges 0.75%/yr vs 0.55%/yr for AVGI.L.

Performance

3BID.L vs. AVGI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Baidu ETC GBP (3BID.L) and IncomeShares Broadcom (AVGO) Options ETP (AVGI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3BID.L is traded in GBp, while AVGI.L is traded in USD. To make them comparable, the AVGI.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3BID.L achieves a -67.67% return, which is significantly lower than AVGI.L's 12.37% return.

3BID.L

• 1D: -11.84%
• 1M: -46.54%
• YTD: -67.67%
• 6M: -60.29%
• 1Y: -27.48%
• 3Y*: 120.34%
• 5Y*: -12.92%
• 10Y*: —

AVGI.L

• 1D: 0.00%
• 1M: -5.79%
• YTD: 12.37%
• 6M: 13.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3BID.L vs. AVGI.L - Yearly Performance Comparison

	2026 (YTD)	2025
3BID.L Leverage Shares 3x Baidu ETC GBP	-67.67%	122.41%
AVGI.L IncomeShares Broadcom (AVGO) Options ETP	12.37%	11,550.77%

Correlation

The correlation between 3BID.L and AVGI.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025	0.21

Return for Risk

3BID.L vs. AVGI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3BID.L

3BID.L Risk / Return Rank: 10
3BID.L Sharpe Ratio Rank: 7
3BID.L Sortino Ratio Rank: 15
3BID.L Omega Ratio Rank: 14
3BID.L Calmar Ratio Rank: 6
3BID.L Martin Ratio Rank: 7

AVGI.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3BID.L vs. AVGI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Baidu ETC GBP (3BID.L) and IncomeShares Broadcom (AVGO) Options ETP (AVGI.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.

	3BID.L	AVGI.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	—	—
Sortino ratio: Return per unit of downside risk	0.76	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	-0.34	—	—
Martin ratio: Return relative to average drawdown	-0.59	—	—

Drawdowns

3BID.L vs. AVGI.L - Drawdown Comparison

The maximum 3BID.L drawdown since its inception was -98.85%, which is greater than AVGI.L's maximum drawdown of -44.48%. Use the drawdown chart below to compare losses from any high point for 3BID.L and AVGI.L.

Drawdown Indicators

	3BID.L	AVGI.L	Difference
Max Drawdown Largest peak-to-trough decline	-98.85%	-44.48%	-54.37%
Max Drawdown (1Y) Largest decline over 1 year	-81.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-90.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-98.72%	—	—
Current Drawdown Current decline from peak	-90.46%	-27.43%	-63.03%
Average Drawdown Average peak-to-trough decline	-76.25%	-22.58%	-53.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.45%	—	—

Volatility

Volatility by Period

	3BID.L	AVGI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	102.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	145.01%	10,066.18%	-9,921.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10,774.95%	10,066.18%	+708.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10,732.39%	10,066.18%	+666.21%

3BID.L vs. AVGI.L - Expense Ratio Comparison

3BID.L has a 0.75% expense ratio, which is higher than AVGI.L's 0.55% expense ratio.

Dividends

3BID.L vs. AVGI.L - Dividend Comparison

3BID.L has not paid dividends to shareholders, while AVGI.L's dividend yield for the trailing twelve months is around 48.40%.

Position	TTM	2025
3BID.L Leverage Shares 3x Baidu ETC GBP	0.00%	0.00%
AVGI.L IncomeShares Broadcom (AVGO) Options ETP	48.40%	10.33%

Frequently Asked Questions

Can I hold both 3BID.L and AVGI.L in my portfolio?

3BID.L and AVGI.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3BID.L or AVGI.L?

On fees, AVGI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3BID.L or AVGI.L?

AVGI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3BID.L.

What is the main difference between 3BID.L and AVGI.L?

3BID.L is categorized as Leveraged Equities, while AVGI.L is Derivative Income. Their fees differ too: 0.75% for 3BID.L and 0.55% for AVGI.L.