3GOO.L vs. 3XLE.L
3GOO.L (Leverage Shares 3x Alphabet ETC GBP) and 3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. 3GOO.L is passively managed, while 3XLE.L is actively managed. Over the past 3 years, 3GOO.L returned 85.26%/yr vs 14.74%/yr for 3XLE.L. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3GOO.L vs. 3XLE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GOO.L achieves a 34.83% return, which is significantly lower than 3XLE.L's 97.09% return.
3GOO.L
- 1D
- 8.98%
- 1M
- -15.53%
- YTD
- 34.83%
- 6M
- 27.25%
- 1Y
- 608.54%
- 3Y*
- 85.26%
- 5Y*
- 30.26%
- 10Y*
- —
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
3GOO.L vs. 3XLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 34.83% | 146.08% | 80.34% | 154.87% | -85.80% | -1.91% |
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 97.09% | -17.73% | -12.65% | -29.34% | 191.33% | -3.39% |
Correlation
The correlation between 3GOO.L and 3XLE.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.04 |
The correlation between 3GOO.L and 3XLE.L shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3GOO.L vs. 3XLE.L — Risk / Return Rank
3GOO.L
3XLE.L
3GOO.L vs. 3XLE.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 Long Oil & Gas ETP Securities GBP (3XLE.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.
| 3GOO.L | 3XLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.31 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 11.92 | 3.38 | +8.54 |
| Martin ratioReturn relative to average drawdown | 37.79 | 9.27 | +28.52 |
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
| 3GOO.L | 3XLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.23 | 1.99 | +5.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.34 | +0.22 |
Drawdowns
3GOO.L vs. 3XLE.L - Drawdown Comparison
The maximum 3GOO.L drawdown since its inception was -88.06%, which is greater than 3XLE.L's maximum drawdown of -74.89%. Use the drawdown chart below to compare losses from any high point for 3GOO.L and 3XLE.L.
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Drawdown Indicators
| 3GOO.L | 3XLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.06% | -74.89% | -13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -50.61% | -39.26% | -11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -68.88% | -66.05% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -88.06% | — | — |
Current DrawdownCurrent decline from peak | -23.69% | -32.03% | +8.34% |
Average DrawdownAverage peak-to-trough decline | -44.53% | -45.06% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | 14.33% | +1.66% |
Volatility
3GOO.L vs. 3XLE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Alphabet ETC GBP (3GOO.L) is 22.98%, while Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a volatility of 25.44%. This indicates that 3GOO.L experiences smaller price fluctuations and is considered to be less risky than 3XLE.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 | 3XLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.98% | 25.44% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 53.81% | 57.73% | -3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.45% | 66.92% | +16.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.52% | 82.19% | +7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.77% | 82.19% | +7.58% |
3GOO.L vs. 3XLE.L - Expense Ratio Comparison
Both 3GOO.L and 3XLE.L have an expense ratio of 0.75%.
Dividends
3GOO.L vs. 3XLE.L - Dividend Comparison
Neither 3GOO.L nor 3XLE.L has paid dividends to shareholders.
Frequently Asked Questions
3GOO.L and 3XLE.L have a correlation of -0.11, 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.
3GOO.L and 3XLE.L have the same expense ratio: 0.75% per year.
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