3DAX.DE vs. TSLI.DE
3DAX.DE (Leverage Shares 3x Long Germany 40 ETP Securities) and TSLI.DE (IncomeShares Tesla TSLA Options ETP EUR) are both exchange-traded funds - 3DAX.DE is a Leveraged Equities fund actively managed by Leverage Shares, while TSLI.DE is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 3DAX.DE returned -14.63% vs 51.22% for TSLI.DE. At a 0.34 correlation, their price movements are largely independent. 3DAX.DE charges 0.75%/yr vs 0.55%/yr for TSLI.DE.
Performance
3DAX.DE vs. TSLI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3DAX.DE achieves a -5.90% return, which is significantly higher than TSLI.DE's -9.57% return.
3DAX.DE
- 1D
- 1.36%
- 1M
- -2.44%
- YTD
- -5.90%
- 6M
- -1.37%
- 1Y
- -14.63%
- 3Y*
- 23.51%
- 5Y*
- —
- 10Y*
- —
TSLI.DE
- 1D
- -2.95%
- 1M
- 2.37%
- YTD
- -9.57%
- 6M
- -7.86%
- 1Y
- 51.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3DAX.DE vs. TSLI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3DAX.DE Leverage Shares 3x Long Germany 40 ETP Securities | -5.90% | 42.11% | 9.09% |
TSLI.DE IncomeShares Tesla TSLA Options ETP EUR | -9.57% | 27.15% | 13.44% |
Correlation
The correlation between 3DAX.DE and TSLI.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2024 | 0.34 |
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Return for Risk
3DAX.DE vs. TSLI.DE — Risk / Return Rank
3DAX.DE
TSLI.DE
3DAX.DE vs. TSLI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Germany 40 ETP Securities (3DAX.DE) and IncomeShares Tesla TSLA Options ETP EUR (TSLI.DE). 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.
| 3DAX.DE | TSLI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.21 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.87 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.95 | 4.65 | -5.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 3DAX.DE | TSLI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 1.15 | -1.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.43 | +0.27 |
Drawdowns
3DAX.DE vs. TSLI.DE - Drawdown Comparison
The maximum 3DAX.DE drawdown since its inception was -42.58%, roughly equal to the maximum TSLI.DE drawdown of -43.50%. Use the drawdown chart below to compare losses from any high point for 3DAX.DE and TSLI.DE.
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Drawdown Indicators
| 3DAX.DE | TSLI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.58% | -43.50% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -24.05% | -11.62% |
Max Drawdown (3Y)Largest decline over 3 years | -42.58% | — | — |
Current DrawdownCurrent decline from peak | -15.47% | -13.78% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -15.70% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.56% | 9.67% | +4.89% |
Volatility
3DAX.DE vs. TSLI.DE - Volatility Comparison
Leverage Shares 3x Long Germany 40 ETP Securities (3DAX.DE) has a higher volatility of 15.69% compared to IncomeShares Tesla TSLA Options ETP EUR (TSLI.DE) at 13.06%. This indicates that 3DAX.DE's price experiences larger fluctuations and is considered to be riskier than TSLI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3DAX.DE | TSLI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 13.06% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 38.30% | 26.18% | +12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.44% | 39.40% | +8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.80% | 43.87% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.80% | 43.87% | +2.93% |
3DAX.DE vs. TSLI.DE - Expense Ratio Comparison
3DAX.DE has a 0.75% expense ratio, which is higher than TSLI.DE's 0.55% expense ratio.
Dividends
3DAX.DE vs. TSLI.DE - Dividend Comparison
3DAX.DE has not paid dividends to shareholders, while TSLI.DE's dividend yield for the trailing twelve months is around 73.42%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3DAX.DE Leverage Shares 3x Long Germany 40 ETP Securities | 0.00% | 0.00% | 0.00% |
TSLI.DE IncomeShares Tesla TSLA Options ETP EUR | 73.42% | 77.04% | 11.38% |
Frequently Asked Questions
3DAX.DE and TSLI.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLI.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLI.DE is cheaper with a 0.55% expense ratio, compared with 0.75% for 3DAX.DE.
3DAX.DE is categorized as Leveraged Equities, while TSLI.DE is Derivative Income. Their fees differ too: 0.75% for 3DAX.DE and 0.55% for TSLI.DE.
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