3GLE.L vs. CPXR
3GLE.L (Leverage Shares 3x Long Gold ETP Securities) and CPXR (USCF Daily Target 2X Copper Index ETF) are both Leveraged Commodities funds. 3GLE.L is actively managed, while CPXR is passively managed. Over the past year, 3GLE.L returned 52.94% vs 37.76% for CPXR. At a 0.36 correlation, their price movements are largely independent. 3GLE.L charges 0.75%/yr vs 1.20%/yr for CPXR.
Performance
3GLE.L vs. CPXR - Performance Comparison
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Returns By Period
In the year-to-date period, 3GLE.L achieves a -9.71% return, which is significantly lower than CPXR's 23.00% return.
3GLE.L
- 1D
- 1.46%
- 1M
- -8.07%
- YTD
- -9.71%
- 6M
- -6.67%
- 1Y
- 52.94%
- 3Y*
- 65.12%
- 5Y*
- —
- 10Y*
- —
CPXR
- 1D
- 1.15%
- 1M
- 18.64%
- YTD
- 23.00%
- 6M
- 37.84%
- 1Y
- 37.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GLE.L vs. CPXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -9.71% | 149.26% |
CPXR USCF Daily Target 2X Copper Index ETF | 23.00% | 36.03% |
Correlation
The correlation between 3GLE.L and CPXR is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025 | 0.36 |
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Return for Risk
3GLE.L vs. CPXR — Risk / Return Rank
3GLE.L
CPXR
3GLE.L vs. CPXR - 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 USCF Daily Target 2X Copper Index ETF (CPXR). 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.
| 3GLE.L | CPXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.79 | +0.25 |
| Martin ratioReturn relative to average drawdown | 2.35 | 1.46 | +0.89 |
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
| 3GLE.L | CPXR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.55 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.67 | +0.18 |
Drawdowns
3GLE.L vs. CPXR - Drawdown Comparison
The maximum 3GLE.L drawdown since its inception was -50.37%, which is greater than CPXR's maximum drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for 3GLE.L and CPXR.
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Drawdown Indicators
| 3GLE.L | CPXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.37% | -47.87% | -2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -50.37% | -47.87% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -50.37% | — | — |
Current DrawdownCurrent decline from peak | -49.24% | -4.01% | -45.23% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -19.83% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.50% | 25.94% | -3.44% |
Volatility
3GLE.L vs. CPXR - Volatility Comparison
Leverage Shares 3x Long Gold ETP Securities (3GLE.L) and USCF Daily Target 2X Copper Index ETF (CPXR) have volatilities of 18.35% and 18.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GLE.L | CPXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.35% | 18.49% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 66.26% | 45.25% | +21.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.12% | 68.77% | +8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.66% | 68.51% | -14.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.66% | 68.51% | -14.85% |
3GLE.L vs. CPXR - Expense Ratio Comparison
3GLE.L has a 0.75% expense ratio, which is lower than CPXR's 1.20% expense ratio.
Dividends
3GLE.L vs. CPXR - Dividend Comparison
3GLE.L has not paid dividends to shareholders, while CPXR's dividend yield for the trailing twelve months is around 0.57%.
| Position | TTM | 2025 |
|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | 0.00% | 0.00% |
CPXR USCF Daily Target 2X Copper Index ETF | 0.57% | 0.70% |
Frequently Asked Questions
3GLE.L and CPXR have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3GLE.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3GLE.L is cheaper with a 0.75% expense ratio, compared with 1.20% for CPXR.
They also come from different issuers: Leverage Shares and USCF. Their fees differ too: 0.75% for 3GLE.L and 1.20% for CPXR.
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