3GLE.L vs. GLE.PA

Last updated Jun 5, 2026

3GLE.L (Leverage Shares 3x Long Gold ETP Securities) is Leveraged Commodities fund actively managed by Leverage Shares, while GLE.PA (Société Générale Société anonyme) is a stock. Over the past 3 years, 3GLE.L returned 65.12%/yr vs 55.09%/yr for GLE.PA. At a 0.12 correlation, their price movements are largely independent.

Performance

3GLE.L vs. GLE.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long Gold ETP Securities (3GLE.L) and Société Générale Société anonyme (GLE.PA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3GLE.L is traded in USD, while GLE.PA is traded in EUR. To make them comparable, the GLE.PA 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 -9.71% return, which is significantly lower than GLE.PA's 3.96% return.

3GLE.L

• 1D: 1.46%
• 1M: -8.07%
• YTD: -9.71%
• 6M: -6.67%
• 1Y: 52.94%
• 3Y*: 65.12%
• 5Y*: —
• 10Y*: —

GLE.PA

• 1D: 1.62%
• 1M: 8.21%
• YTD: 3.96%
• 6M: 15.30%
• 1Y: 55.48%
• 3Y*: 55.09%
• 5Y*: 26.24%
• 10Y*: 12.35%

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

3GLE.L vs. GLE.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
3GLE.L Leverage Shares 3x Long Gold ETP Securities	-9.71%	188.93%	67.78%	16.46%	-12.50%
GLE.PA Société Générale Société anonyme	3.96%	197.02%	9.68%	13.71%	8.48%

Correlation

The correlation between 3GLE.L and GLE.PA is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022	0.12

Return for Risk

3GLE.L vs. GLE.PA — Risk / Return Rank

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

3GLE.L

3GLE.L Risk / Return Rank: 24
3GLE.L Sharpe Ratio Rank: 21
3GLE.L Sortino Ratio Rank: 24
3GLE.L Omega Ratio Rank: 29
3GLE.L Calmar Ratio Rank: 23
3GLE.L Martin Ratio Rank: 21

GLE.PA

GLE.PA Risk / Return Rank: 79
GLE.PA Sharpe Ratio Rank: 82
GLE.PA Sortino Ratio Rank: 77
GLE.PA Omega Ratio Rank: 74
GLE.PA Calmar Ratio Rank: 79
GLE.PA Martin Ratio Rank: 82

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.

3GLE.L vs. GLE.PA - 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 Société Générale Société anonyme (GLE.PA). 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	GLE.PA	Difference
Sharpe ratio: Return per unit of total volatility	0.68	1.52	-0.83
Sortino ratio: Return per unit of downside risk	1.28	2.14	-0.86
Omega ratio: Gain probability vs. loss probability	1.19	1.26	-0.07
Calmar ratio: Return relative to maximum drawdown	1.05	2.47	-1.43
Martin ratio: Return relative to average drawdown	2.35	7.01	-4.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3GLE.L vs. GLE.PA - Sharpe Ratio Comparison

The current 3GLE.L Sharpe Ratio is 0.68, which is lower than the GLE.PA Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of 3GLE.L and GLE.PA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	3GLE.L	GLE.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	1.52	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	-0.01	+0.86

Drawdowns

3GLE.L vs. GLE.PA - Drawdown Comparison

The maximum 3GLE.L drawdown since its inception was -50.37%, smaller than the maximum GLE.PA drawdown of -88.84%. Use the drawdown chart below to compare losses from any high point for 3GLE.L and GLE.PA.

Drawdown Indicators

	3GLE.L	GLE.PA	Difference
Max Drawdown Largest peak-to-trough decline	-50.37%	-88.84%	+38.47%
Max Drawdown (1Y) Largest decline over 1 year	-50.37%	-22.11%	-28.26%
Max Drawdown (3Y) Largest decline over 3 years	-50.37%	-26.04%	-24.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-51.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.12%	—
Current Drawdown Current decline from peak	-49.24%	-7.31%	-41.93%
Average Drawdown Average peak-to-trough decline	-13.03%	-65.48%	+52.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.50%	7.85%	+14.65%

Volatility

3GLE.L vs. GLE.PA - Volatility Comparison

Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a higher volatility of 18.35% compared to Société Générale Société anonyme (GLE.PA) at 9.19%. This indicates that 3GLE.L's price experiences larger fluctuations and is considered to be riskier than GLE.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GLE.L	GLE.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.35%	9.19%	+9.16%
Volatility (6M) Calculated over the trailing 6-month period	66.26%	28.13%	+38.13%
Volatility (1Y) Calculated over the trailing 1-year period	77.12%	36.10%	+41.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.66%	36.66%	+17.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.66%	38.75%	+14.91%

Dividends

3GLE.L vs. GLE.PA - Dividend Comparison

3GLE.L has not paid dividends to shareholders, while GLE.PA's dividend yield for the trailing twelve months is around 2.26%.

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%
GLE.PA Société Générale Société anonyme	2.26%	2.47%	3.31%	7.08%	7.03%	1.82%	0.00%	7.09%	7.91%	5.11%	4.28%	2.82%

Frequently Asked Questions

Can I hold both 3GLE.L and GLE.PA in my portfolio?

3GLE.L and GLE.PA have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.