3GLE.L vs. GLDI.L
3GLE.L (Leverage Shares 3x Long Gold ETP Securities) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - 3GLE.L is a Leveraged Commodities fund actively managed by Leverage Shares, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 3GLE.L returned 52.94% vs 26.77% for GLDI.L. Their correlation of 0.83 suggests significant overlap in exposure. 3GLE.L charges 0.75%/yr vs 0.35%/yr for GLDI.L.
Performance
3GLE.L vs. GLDI.L - 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 GLDI.L's -0.81% return.
3GLE.L
- 1D
- 1.46%
- 1M
- -8.07%
- YTD
- -9.71%
- 6M
- -6.67%
- 1Y
- 52.94%
- 3Y*
- 65.12%
- 5Y*
- —
- 10Y*
- —
GLDI.L
- 1D
- -0.21%
- 1M
- -2.73%
- YTD
- -0.81%
- 6M
- 0.96%
- 1Y
- 26.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GLE.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -9.71% | 188.93% | 20.11% |
GLDI.L IncomeShares Gold+ Yield ETP | -0.81% | 61.04% | 6.19% |
Correlation
The correlation between 3GLE.L and GLDI.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.83 |
The correlation between 3GLE.L and GLDI.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
3GLE.L vs. GLDI.L — Risk / Return Rank
3GLE.L
GLDI.L
3GLE.L vs. GLDI.L - 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 IncomeShares Gold+ Yield ETP (GLDI.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.
| 3GLE.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.62 | -0.57 |
| Martin ratioReturn relative to average drawdown | 2.35 | 4.13 | -1.78 |
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 | GLDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.23 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.74 | -0.89 |
Drawdowns
3GLE.L vs. GLDI.L - Drawdown Comparison
The maximum 3GLE.L drawdown since its inception was -50.37%, which is greater than GLDI.L's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for 3GLE.L and GLDI.L.
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Drawdown Indicators
| 3GLE.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.37% | -16.47% | -33.90% |
Max Drawdown (1Y)Largest decline over 1 year | -50.37% | -16.47% | -33.90% |
Max Drawdown (3Y)Largest decline over 3 years | -50.37% | — | — |
Current DrawdownCurrent decline from peak | -49.24% | -15.11% | -34.13% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -3.38% | -9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.50% | 6.46% | +16.04% |
Volatility
3GLE.L vs. GLDI.L - Volatility Comparison
Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a higher volatility of 18.35% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 4.55%. This indicates that 3GLE.L's price experiences larger fluctuations and is considered to be riskier than GLDI.L 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 | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.35% | 4.55% | +13.80% |
Volatility (6M)Calculated over the trailing 6-month period | 66.26% | 18.56% | +47.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.12% | 21.67% | +55.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.66% | 18.78% | +34.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.66% | 18.78% | +34.88% |
3GLE.L vs. GLDI.L - Expense Ratio Comparison
3GLE.L has a 0.75% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
3GLE.L vs. GLDI.L - Dividend Comparison
3GLE.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 12.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | 0.00% | 0.00% | 0.00% |
GLDI.L IncomeShares Gold+ Yield ETP | 12.75% | 9.15% | 1.08% |
Frequently Asked Questions
3GLE.L and GLDI.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.75% for 3GLE.L.
3GLE.L is categorized as Leveraged Commodities, while GLDI.L is Derivative Income. Their fees differ too: 0.75% for 3GLE.L and 0.35% for GLDI.L.
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