3GOE.L vs. KWE3.L
3GOE.L (Leverage Shares 3x Alphabet ETP Scs) and KWE3.L (Leverage Shares 3x Long China Tech ETC Securities) are both Leveraged Equities funds from Leverage Shares. 3GOE.L is passively managed, while KWE3.L is actively managed. Over the past 3 years, 3GOE.L returned 85.68%/yr vs -34.38%/yr for KWE3.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3GOE.L vs. KWE3.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 higher than KWE3.L's -57.87% 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*
- —
KWE3.L
- 1D
- -1.12%
- 1M
- -18.01%
- YTD
- -57.87%
- 6M
- -62.55%
- 1Y
- -59.44%
- 3Y*
- -34.38%
- 5Y*
- —
- 10Y*
- —
3GOE.L vs. KWE3.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% |
KWE3.L Leverage Shares 3x Long China Tech ETC Securities | -57.87% | 11.50% | -22.89% | -61.89% | -87.79% | -17.62% |
Correlation
The correlation between 3GOE.L and KWE3.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.27 |
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Return for Risk
3GOE.L vs. KWE3.L — Risk / Return Rank
3GOE.L
KWE3.L
3GOE.L vs. KWE3.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 China Tech ETC Securities (KWE3.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 | KWE3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.51 | ||
| Sortino ratioReturn per unit of downside risk | +5.99 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 0.89 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 11.56 | -0.75 | +12.31 |
| Martin ratioReturn relative to average drawdown | 36.18 | -1.33 | +37.52 |
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 | KWE3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.77 | -0.74 | +7.51 |
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 | -0.45 | +1.04 |
Drawdowns
3GOE.L vs. KWE3.L - Drawdown Comparison
The maximum 3GOE.L drawdown since its inception was -88.62%, smaller than the maximum KWE3.L drawdown of -98.72%. Use the drawdown chart below to compare losses from any high point for 3GOE.L and KWE3.L.
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Drawdown Indicators
| 3GOE.L | KWE3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.62% | -98.72% | +10.10% |
Max Drawdown (1Y)Largest decline over 1 year | -51.18% | -79.09% | +27.91% |
Max Drawdown (3Y)Largest decline over 3 years | -69.84% | -83.05% | +13.21% |
Max Drawdown (5Y)Largest decline over 5 years | -88.62% | — | — |
Current DrawdownCurrent decline from peak | -22.74% | -98.63% | +75.89% |
Average DrawdownAverage peak-to-trough decline | -43.41% | -90.36% | +46.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.39% | 44.53% | -28.14% |
Volatility
3GOE.L vs. KWE3.L - Volatility Comparison
The current volatility for Leverage Shares 3x Alphabet ETP Scs (3GOE.L) is 24.09%, while Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) has a volatility of 36.15%. This indicates that 3GOE.L experiences smaller price fluctuations and is considered to be less risky than KWE3.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 | KWE3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.09% | 36.15% | -12.06% |
Volatility (6M)Calculated over the trailing 6-month period | 55.21% | 61.19% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.38% | 80.73% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.79% | 136.42% | -46.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.29% | 136.42% | -47.13% |
3GOE.L vs. KWE3.L - Expense Ratio Comparison
Both 3GOE.L and KWE3.L have an expense ratio of 0.75%.
Dividends
3GOE.L vs. KWE3.L - Dividend Comparison
Neither 3GOE.L nor KWE3.L has paid dividends to shareholders.
Frequently Asked Questions
3GOE.L and KWE3.L have a correlation of 0.18, 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 KWE3.L have the same expense ratio: 0.75% per year.
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