3GLE.L vs. LTAM.L
3GLE.L (Leverage Shares 3x Long Gold ETP Securities) and LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) are both exchange-traded funds - 3GLE.L is a Leveraged Commodities fund actively managed by Leverage Shares, while LTAM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD. 3GLE.L is actively managed, while LTAM.L is passively managed. Over the past 3 years, 3GLE.L returned 65.12%/yr vs 13.45%/yr for LTAM.L. At a 0.23 correlation, their price movements are largely independent. 3GLE.L charges 0.75%/yr vs 0.20%/yr for LTAM.L.
Performance
3GLE.L vs. LTAM.L - Performance Comparison
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Different Trading Currencies
3GLE.L is traded in USD, while LTAM.L is traded in GBp. To make them comparable, the LTAM.L 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 LTAM.L's 10.24% return.
3GLE.L
- 1D
- 1.46%
- 1M
- -8.07%
- YTD
- -9.71%
- 6M
- -6.67%
- 1Y
- 52.94%
- 3Y*
- 65.12%
- 5Y*
- —
- 10Y*
- —
LTAM.L
- 1D
- -0.64%
- 1M
- -7.60%
- YTD
- 10.24%
- 6M
- 8.24%
- 1Y
- 36.20%
- 3Y*
- 13.45%
- 5Y*
- 8.58%
- 10Y*
- 7.51%
3GLE.L vs. LTAM.L - 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% |
LTAM.L iShares MSCI EM Latin America UCITS ETF USD (Dist) | 10.24% | 53.94% | -26.89% | 32.80% | 4.69% |
Correlation
The correlation between 3GLE.L and LTAM.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022 | 0.23 |
The correlation between 3GLE.L and LTAM.L shifts across timeframes, from 0.23 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3GLE.L vs. LTAM.L — Risk / Return Rank
3GLE.L
LTAM.L
3GLE.L vs. LTAM.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 iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.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 | LTAM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.91 | -1.86 |
| Martin ratioReturn relative to average drawdown | 2.35 | 8.34 | -5.99 |
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 | LTAM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.84 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.04 | +0.80 |
Drawdowns
3GLE.L vs. LTAM.L - Drawdown Comparison
The maximum 3GLE.L drawdown since its inception was -50.37%, smaller than the maximum LTAM.L drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for 3GLE.L and LTAM.L.
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Drawdown Indicators
| 3GLE.L | LTAM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.37% | -66.21% | +15.84% |
Max Drawdown (1Y)Largest decline over 1 year | -50.37% | -12.40% | -37.97% |
Max Drawdown (3Y)Largest decline over 3 years | -50.37% | -27.62% | -22.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.91% | — |
Current DrawdownCurrent decline from peak | -49.24% | -12.40% | -36.84% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -29.14% | +16.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.50% | 4.33% | +18.17% |
Volatility
3GLE.L vs. LTAM.L - Volatility Comparison
Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a higher volatility of 18.35% compared to iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) at 6.35%. This indicates that 3GLE.L's price experiences larger fluctuations and is considered to be riskier than LTAM.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 | LTAM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.35% | 6.35% | +12.00% |
Volatility (6M)Calculated over the trailing 6-month period | 66.26% | 16.65% | +49.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.12% | 19.60% | +57.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.66% | 22.27% | +31.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.66% | 26.18% | +27.48% |
3GLE.L vs. LTAM.L - Expense Ratio Comparison
3GLE.L has a 0.75% expense ratio, which is higher than LTAM.L's 0.20% expense ratio.
Dividends
3GLE.L vs. LTAM.L - Dividend Comparison
3GLE.L has not paid dividends to shareholders, while LTAM.L's dividend yield for the trailing twelve months is around 3.54%.
| 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% |
LTAM.L iShares MSCI EM Latin America UCITS ETF USD (Dist) | 3.54% | 3.61% | 5.69% | 4.33% | 6.86% | 3.17% | 1.82% | 2.38% | 2.11% | 1.52% | 1.32% | 2.89% |
Frequently Asked Questions
3GLE.L and LTAM.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LTAM.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LTAM.L is cheaper with a 0.20% expense ratio, compared with 0.75% for 3GLE.L.
3GLE.L is categorized as Leveraged Commodities, while LTAM.L is Latin America Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for 3GLE.L and 0.20% for LTAM.L.
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