3GOO.L vs. 3GOE.L
3GOO.L (Leverage Shares 3x Alphabet ETC GBP) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both Leveraged Equities funds from Leverage Shares tracking the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 5 years, 3GOO.L returned 20.12%/yr vs 23.35%/yr for 3GOE.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.75% expense ratio.
Performance
3GOO.L vs. 3GOE.L - Performance Comparison
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Different Trading Currencies
3GOO.L is traded in GBp, while 3GOE.L is traded in USD. To make them comparable, the 3GOE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3GOO.L achieves a 7.47% return, which is significantly lower than 3GOE.L's 20.87% return.
3GOO.L
- 1D
- -8.11%
- 1M
- -30.66%
- YTD
- 7.47%
- 6M
- 4.21%
- 1Y
- 434.77%
- 3Y*
- 83.55%
- 5Y*
- 20.12%
- 10Y*
- —
3GOE.L
- 1D
- 0.00%
- 1M
- -22.83%
- YTD
- 20.87%
- 6M
- 17.58%
- 1Y
- 497.42%
- 3Y*
- 86.12%
- 5Y*
- 23.35%
- 10Y*
- —
3GOO.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 7.47% | 146.08% | 80.34% | 154.87% | -85.80% | 292.19% | 40.82% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 20.87% | 117.01% | 92.46% | 146.89% | -84.96% | 324.04% | 29.92% |
Correlation
The correlation between 3GOO.L and 3GOE.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.98 |
The correlation between 3GOO.L and 3GOE.L has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
3GOO.L vs. 3GOE.L — Risk / Return Rank
3GOO.L
3GOE.L
3GOO.L vs. 3GOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alphabet ETC GBP (3GOO.L) and Leverage Shares 3x Alphabet ETP Scs (3GOE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3GOO.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.53 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 8.52 | 10.09 | -1.57 |
| Martin ratioReturn relative to average drawdown | 25.06 | 29.55 | -4.49 |
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Drawdowns
3GOO.L vs. 3GOE.L - Drawdown Comparison
The maximum 3GOO.L drawdown since its inception was -88.06%, roughly equal to the maximum 3GOE.L drawdown of -87.19%. Use the drawdown chart below to compare losses from any high point for 3GOO.L and 3GOE.L.
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Drawdown Indicators
| 3GOO.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.06% | -87.19% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -50.61% | -49.28% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -68.88% | -70.65% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -88.06% | -87.19% | -0.87% |
Current DrawdownCurrent decline from peak | -39.18% | -32.26% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -42.82% | -41.88% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.24% | 16.83% | +0.41% |
Volatility
3GOO.L vs. 3GOE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Alphabet ETC GBP (3GOO.L) is 30.36%, while Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a volatility of 36.48%. This indicates that 3GOO.L experiences smaller price fluctuations and is considered to be less risky than 3GOE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GOO.L | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.36% | 36.48% | -6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 58.46% | 61.40% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.76% | 90.47% | -3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.96% | 89.83% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.22% | 88.36% | +0.86% |
3GOO.L vs. 3GOE.L - Expense Ratio Comparison
Both 3GOO.L and 3GOE.L have an expense ratio of 0.75%.
Dividends
3GOO.L vs. 3GOE.L - Dividend Comparison
Neither 3GOO.L nor 3GOE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, 3GOO.L and 3GOE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3GOO.L and 3GOE.L have the same expense ratio: 0.75% per year.
Both ETFs track iSTOXX Leveraged 3X GOOG Index.
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