3GOE.L vs. TSLI.L
3GOE.L (Leverage Shares 3x Alphabet ETP Scs) and TSLI.L (IncomeShares Tesla TSLA Options ETP) are both exchange-traded funds - 3GOE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X GOOG Index, while TSLI.L is a Derivative Income fund actively managed by Leverage Shares. 3GOE.L is passively managed, while TSLI.L is actively managed. Over the past year, 3GOE.L returned 597.07% vs 46.91% for TSLI.L. At a 0.36 correlation, their price movements are largely independent. 3GOE.L charges 0.75%/yr vs 0.55%/yr for TSLI.L.
Performance
3GOE.L vs. TSLI.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 TSLI.L's -9.68% 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*
- —
TSLI.L
- 1D
- -3.56%
- 1M
- -0.94%
- YTD
- -9.68%
- 6M
- -8.09%
- 1Y
- 46.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GOE.L vs. TSLI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 37.40% | 133.65% | 22.74% |
TSLI.L IncomeShares Tesla TSLA Options ETP | -9.68% | 40.52% | 28.35% |
Correlation
The correlation between 3GOE.L and TSLI.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024 | 0.36 |
The correlation between 3GOE.L and TSLI.L shifts across timeframes, from 0.26 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3GOE.L vs. TSLI.L — Risk / Return Rank
3GOE.L
TSLI.L
3GOE.L vs. TSLI.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 IncomeShares Tesla TSLA Options ETP (TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.22 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 11.56 | 1.87 | +9.69 |
| Martin ratioReturn relative to average drawdown | 36.18 | 4.75 | +31.43 |
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 | TSLI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.77 | 1.25 | +5.52 |
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 | 0.71 | -0.13 |
Drawdowns
3GOE.L vs. TSLI.L - Drawdown Comparison
The maximum 3GOE.L drawdown since its inception was -88.62%, which is greater than TSLI.L's maximum drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for 3GOE.L and TSLI.L.
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Drawdown Indicators
| 3GOE.L | TSLI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.62% | -41.20% | -47.42% |
Max Drawdown (1Y)Largest decline over 1 year | -51.18% | -24.94% | -26.24% |
Max Drawdown (3Y)Largest decline over 3 years | -69.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -88.62% | — | — |
Current DrawdownCurrent decline from peak | -22.74% | -15.33% | -7.41% |
Average DrawdownAverage peak-to-trough decline | -43.41% | -12.03% | -31.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.39% | 9.82% | +6.57% |
Volatility
3GOE.L vs. TSLI.L - Volatility Comparison
Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a higher volatility of 24.09% compared to IncomeShares Tesla TSLA Options ETP (TSLI.L) at 12.09%. This indicates that 3GOE.L's price experiences larger fluctuations and is considered to be riskier than TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.09% | 12.09% | +12.00% |
Volatility (6M)Calculated over the trailing 6-month period | 55.21% | 25.47% | +29.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.38% | 37.64% | +49.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.79% | 43.19% | +46.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.29% | 43.19% | +46.10% |
3GOE.L vs. TSLI.L - Expense Ratio Comparison
3GOE.L has a 0.75% expense ratio, which is higher than TSLI.L's 0.55% expense ratio.
Dividends
3GOE.L vs. TSLI.L - Dividend Comparison
3GOE.L has not paid dividends to shareholders, while TSLI.L's dividend yield for the trailing twelve months is around 74.25%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 0.00% | 0.00% | 0.00% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 74.25% | 73.68% | 19.21% |
Frequently Asked Questions
3GOE.L and TSLI.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3GOE.L.
3GOE.L is categorized as Leveraged Equities, while TSLI.L is Derivative Income. Their fees differ too: 0.75% for 3GOE.L and 0.55% for TSLI.L.
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