3GLE.L vs. BNP.DE
3GLE.L (Leverage Shares 3x Long Gold ETP Securities) is Leveraged Commodities fund actively managed by Leverage Shares, while BNP.DE (BNP Paribas SA) is a stock. Over the past 3 years, 3GLE.L returned 49.51%/yr vs 30.20%/yr for BNP.DE. At a 0.14 correlation, their price movements are largely independent.
Performance
3GLE.L vs. BNP.DE - Performance Comparison
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Different Trading Currencies
3GLE.L is traded in USD, while BNP.DE is traded in EUR. To make them comparable, the BNP.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3GLE.L achieves a -36.73% return, which is significantly lower than BNP.DE's 27.19% return.
3GLE.L
- 1D
- 0.00%
- 1M
- -11.06%
- 6M
- -50.26%
- YTD
- -36.73%
- 1Y
- 14.43%
- 3Y*
- 49.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.66%
BNP.DE
- 1D
- 1.07%
- 1M
- 1.26%
- 6M
- 20.03%
- YTD
- 27.19%
- 1Y
- 38.74%
- 3Y*
- 30.20%
- 5Y*
- 23.22%
- 10Y*
- 15.39%
- ALL TIME*
- 4.44%
3GLE.L vs. BNP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -36.73% | 188.93% | 67.78% | 16.46% | -18.36% |
BNP.DE BNP Paribas SA | 27.19% | 71.23% | -5.58% | 29.18% | 2.38% |
Correlation
The correlation between 3GLE.L and BNP.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022 | 0.14 |
The correlation between 3GLE.L and BNP.DE shifts across timeframes, from 0.14 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3GLE.L vs. BNP.DE — Risk / Return Rank
3GLE.L
BNP.DE
3GLE.L vs. BNP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Gold ETP Securities (3GLE.L) and BNP Paribas SA (BNP.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.
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.
| 3GLE.L | BNP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 1.88 | -1.66 |
| Martin ratioReturn relative to average drawdown | 0.47 | 4.70 | -4.23 |
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Drawdowns
3GLE.L vs. BNP.DE - Drawdown Comparison
The maximum 3GLE.L drawdown since its inception was -64.43%, smaller than the maximum BNP.DE drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for 3GLE.L and BNP.DE.
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Drawdown Indicators
| 3GLE.L | BNP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.43% | -77.74% | +13.31% |
Max Drawdown (1Y)Largest decline over 1 year | -64.43% | -20.51% | -43.92% |
Max Drawdown (3Y)Largest decline over 3 years | -64.43% | -21.42% | -43.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.21% | — |
Current DrawdownCurrent decline from peak | -64.43% | -0.40% | -64.03% |
Average DrawdownAverage peak-to-trough decline | -15.55% | -28.10% | +12.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.83% | 8.22% | +22.61% |
Volatility
3GLE.L vs. BNP.DE - Volatility Comparison
Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a higher volatility of 19.35% compared to BNP Paribas SA (BNP.DE) at 6.31%. This indicates that 3GLE.L's price experiences larger fluctuations and is considered to be riskier than BNP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GLE.L | BNP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.35% | 6.31% | +13.04% |
Volatility (6M)Calculated over the trailing 6-month period | 69.46% | 22.15% | +47.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.62% | 29.34% | +52.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.85% | 30.93% | +23.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.85% | 32.58% | +22.27% |
Dividends
3GLE.L vs. BNP.DE - Dividend Comparison
3GLE.L has not paid dividends to shareholders, while BNP.DE's dividend yield for the trailing twelve months is around 4.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNP.DE BNP Paribas SA | 4.99% | 9.08% | 7.80% | 6.21% | 6.84% | 2.55% | 0.00% | 5.69% | 7.67% | 4.33% | 3.85% | 2.84% |
Frequently Asked Questions
3GLE.L and BNP.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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