3GOE.L vs. 3TSM.L
3GOE.L (Leverage Shares 3x Alphabet ETP Scs) and 3TSM.L (Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities) are both Leveraged Equities funds from Leverage Shares - 3GOE.L tracks the iSTOXX Leveraged 3X GOOG Index while 3TSM.L tracks the iSTOXX Leveraged 3x TSM Index. Both are passively managed. Over the past 3 years, 3GOE.L returned 85.68%/yr vs 150.80%/yr for 3TSM.L. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3GOE.L vs. 3TSM.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GOE.L achieves a 37.40% return, which is significantly lower than 3TSM.L's 149.88% return.
3GOE.L
- 1D
- 10.59%
- 1M
- -15.25%
- YTD
- 37.40%
- 6M
- 29.89%
- 1Y
- 597.07%
- 3Y*
- 85.68%
- 5Y*
- 28.94%
- 10Y*
- —
3TSM.L
- 1D
- 3.09%
- 1M
- 41.02%
- YTD
- 149.88%
- 6M
- 166.79%
- 1Y
- 543.00%
- 3Y*
- 150.80%
- 5Y*
- —
- 10Y*
- —
3GOE.L vs. 3TSM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 37.40% | 133.65% | 89.16% | 159.88% | -86.56% | -0.68% |
3TSM.L Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities | 149.88% | 60.55% | 288.94% | 90.51% | -85.22% | 6.05% |
Correlation
The correlation between 3GOE.L and 3TSM.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.41 |
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Return for Risk
3GOE.L vs. 3TSM.L — Risk / Return Rank
3GOE.L
3TSM.L
3GOE.L vs. 3TSM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alphabet ETP Scs (3GOE.L) and Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.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.
| 3GOE.L | 3TSM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.44 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 11.56 | 11.56 | 0.00 |
| Martin ratioReturn relative to average drawdown | 36.18 | 33.54 | +2.64 |
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
| 3GOE.L | 3TSM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.77 | 5.12 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.36 | +0.23 |
Drawdowns
3GOE.L vs. 3TSM.L - Drawdown Comparison
The maximum 3GOE.L drawdown since its inception was -88.62%, smaller than the maximum 3TSM.L drawdown of -93.59%. Use the drawdown chart below to compare losses from any high point for 3GOE.L and 3TSM.L.
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Drawdown Indicators
| 3GOE.L | 3TSM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.62% | -93.59% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -51.18% | -46.56% | -4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -69.84% | -81.95% | +12.11% |
Max Drawdown (5Y)Largest decline over 5 years | -88.62% | — | — |
Current DrawdownCurrent decline from peak | -22.74% | 0.00% | -22.74% |
Average DrawdownAverage peak-to-trough decline | -43.41% | -55.66% | +12.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.39% | 16.08% | +0.31% |
Volatility
3GOE.L vs. 3TSM.L - Volatility Comparison
The current volatility for Leverage Shares 3x Alphabet ETP Scs (3GOE.L) is 24.09%, while Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) has a volatility of 37.09%. This indicates that 3GOE.L experiences smaller price fluctuations and is considered to be less risky than 3TSM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GOE.L | 3TSM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.09% | 37.09% | -13.00% |
Volatility (6M)Calculated over the trailing 6-month period | 55.21% | 77.74% | -22.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.38% | 105.51% | -18.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.79% | 114.35% | -24.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.29% | 114.35% | -25.06% |
3GOE.L vs. 3TSM.L - Expense Ratio Comparison
Both 3GOE.L and 3TSM.L have an expense ratio of 0.75%.
Dividends
3GOE.L vs. 3TSM.L - Dividend Comparison
Neither 3GOE.L nor 3TSM.L has paid dividends to shareholders.
Frequently Asked Questions
3GOE.L and 3TSM.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3GOE.L and 3TSM.L have the same expense ratio: 0.75% per year.
3GOE.L tracks iSTOXX Leveraged 3X GOOG Index, while 3TSM.L tracks iSTOXX Leveraged 3x TSM Index.
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