3GDX.L vs. TSLI.L

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 3x Long Gold Miners ETC (3GDX.L) and IncomeShares Tesla TSLA Options ETP (TSLI.L).

3GDX.L and TSLI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3GDX.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. TSLI.L is an actively managed fund by Leverage Shares. It was launched on Jul 18, 2024.

Performance

3GDX.L vs. TSLI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long Gold Miners ETC (3GDX.L) and IncomeShares Tesla TSLA Options ETP (TSLI.L). The values are adjusted to include any dividend payments, if applicable.

3GDX.L vs. TSLI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
3GDX.L Leverage Shares 3x Long Gold Miners ETC	-16.91%	723.93%	-29.88%
TSLI.L IncomeShares Tesla TSLA Options ETP	-14.42%	40.52%	28.35%

Returns By Period

In the year-to-date period, 3GDX.L achieves a -16.91% return, which is significantly lower than TSLI.L's -14.42% return.

3GDX.L

• 1D: 8.89%
• 1M: -56.99%
• YTD: -16.91%
• 6M: -1.15%
• 1Y: 219.83%
• 3Y*: 54.76%
• 5Y*: —
• 10Y*: —

TSLI.L

• 1D: 0.65%
• 1M: -6.53%
• YTD: -14.42%
• 6M: 1.95%
• 1Y: 73.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

3GDX.L vs. TSLI.L - Expense Ratio Comparison

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

3GDX.L

Leverage Shares 3x Long Gold Miners ETC

TSLI.L

IncomeShares Tesla TSLA Options ETP

Return for Risk

3GDX.L vs. TSLI.L — Risk / Return Rank

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

3GDX.L

3GDX.L Risk / Return Rank: 83
3GDX.L Sharpe Ratio Rank: 84
3GDX.L Sortino Ratio Rank: 84
3GDX.L Omega Ratio Rank: 78
3GDX.L Calmar Ratio Rank: 89
3GDX.L Martin Ratio Rank: 78

TSLI.L

TSLI.L Risk / Return Rank: 84
TSLI.L Sharpe Ratio Rank: 88
TSLI.L Sortino Ratio Rank: 88
TSLI.L Omega Ratio Rank: 79
TSLI.L Calmar Ratio Rank: 91
TSLI.L Martin Ratio Rank: 77

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.

3GDX.L vs. TSLI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Gold Miners ETC (3GDX.L) and IncomeShares Tesla TSLA Options ETP (TSLI.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.

	3GDX.L	TSLI.L	Difference
Sharpe ratio Return per unit of total volatility	1.67	1.84	-0.17
Sortino ratio Return per unit of downside risk	2.23	2.42	-0.19
Omega ratio Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio Return relative to maximum drawdown	3.00	3.12	-0.12
Martin ratio Return relative to average drawdown	8.43	8.08	+0.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3GDX.L vs. TSLI.L - Sharpe Ratio Comparison

The current 3GDX.L Sharpe Ratio is 1.67, which is comparable to the TSLI.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of 3GDX.L and TSLI.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	3GDX.L	TSLI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	1.84	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.70	-0.47

Correlation

The correlation between 3GDX.L and TSLI.L is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

3GDX.L vs. TSLI.L - Dividend Comparison

3GDX.L has not paid dividends to shareholders, while TSLI.L's dividend yield for the trailing twelve months is around 84.54%.

	TTM	2025	2024
3GDX.L Leverage Shares 3x Long Gold Miners ETC	0.00%	0.00%	0.00%
TSLI.L IncomeShares Tesla TSLA Options ETP	84.54%	73.68%	19.21%

Drawdowns

3GDX.L vs. TSLI.L - Drawdown Comparison

The maximum 3GDX.L drawdown since its inception was -89.13%, which is greater than TSLI.L's maximum drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for 3GDX.L and TSLI.L.

Drawdown Indicators

	3GDX.L	TSLI.L	Difference
Max Drawdown Largest peak-to-trough decline	-89.13%	-41.20%	-47.93%
Max Drawdown (1Y) Largest decline over 1 year	-69.66%	-20.29%	-49.37%
Current Drawdown Current decline from peak	-59.62%	-19.77%	-39.85%
Average Drawdown Average peak-to-trough decline	-60.70%	-11.61%	-49.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.80%	7.83%	+16.97%

Volatility

3GDX.L vs. TSLI.L - Volatility Comparison

Leverage Shares 3x Long Gold Miners ETC (3GDX.L) has a higher volatility of 53.47% compared to IncomeShares Tesla TSLA Options ETP (TSLI.L) at 8.65%. This indicates that 3GDX.L's price experiences larger fluctuations and is considered to be riskier than TSLI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GDX.L	TSLI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.47%	8.65%	+44.82%
Volatility (6M) Calculated over the trailing 6-month period	110.92%	22.81%	+88.11%
Volatility (1Y) Calculated over the trailing 1-year period	130.53%	39.75%	+90.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.26%	43.16%	+61.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.26%	43.16%	+61.10%