3GOO.L vs. GOOGL

Last updated Jun 4, 2026

3GOO.L (Leverage Shares 3x Alphabet ETC GBP) is Leveraged Equities fund tracking the iSTOXX Leveraged 3X GOOG Index, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 5 years, 3GOO.L returned 28.04%/yr vs 26.11%/yr for GOOGL. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

3GOO.L vs. GOOGL - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Alphabet ETC GBP (3GOO.L) and Alphabet Inc. Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3GOO.L is traded in GBp, while GOOGL is traded in USD. To make them comparable, the GOOGL 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 23.72% return, which is significantly higher than GOOGL's 15.20% return.

3GOO.L

• 1D: -8.49%
• 1M: -20.47%
• YTD: 23.72%
• 6M: 13.65%
• 1Y: 542.48%
• 3Y*: 83.35%
• 5Y*: 28.04%
• 10Y*: —

GOOGL

• 1D: -0.53%
• 1M: -5.57%
• YTD: 15.20%
• 6M: 11.87%
• 1Y: 118.29%
• 3Y*: 39.13%
• 5Y*: 26.11%
• 10Y*: 26.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

3GOO.L vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
3GOO.L Leverage Shares 3x Alphabet ETC GBP	23.72%	146.08%	80.34%	154.87%	-85.80%	293.65%	12.30%
GOOGL Alphabet Inc. Class A	15.20%	54.17%	38.38%	50.41%	-31.85%	66.86%	5.74%

Correlation

The correlation between 3GOO.L and GOOGL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Aug 25, 2020	0.60

The correlation between 3GOO.L and GOOGL has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

Return for Risk

3GOO.L vs. GOOGL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3GOO.L

3GOO.L Risk / Return Rank: 95
3GOO.L Sharpe Ratio Rank: 99
3GOO.L Sortino Ratio Rank: 94
3GOO.L Omega Ratio Rank: 89
3GOO.L Calmar Ratio Rank: 97
3GOO.L Martin Ratio Rank: 96

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 97
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 96
GOOGL Calmar Ratio Rank: 93
GOOGL Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3GOO.L vs. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alphabet ETC GBP (3GOO.L) and Alphabet Inc. Class A (GOOGL). 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	GOOGL	Difference
Sharpe ratio: Return per unit of total volatility	6.47	4.21	+2.27
Sortino ratio: Return per unit of downside risk	4.84	5.44	-0.60
Omega ratio: Gain probability vs. loss probability	1.56	1.67	-0.11
Calmar ratio: Return relative to maximum drawdown	10.63	6.73	+3.90
Martin ratio: Return relative to average drawdown	33.84	23.63	+10.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3GOO.L vs. GOOGL - Sharpe Ratio Comparison

The current 3GOO.L Sharpe Ratio is 6.47, which is higher than the GOOGL Sharpe Ratio of 4.21. The chart below compares the historical Sharpe Ratios of 3GOO.L and GOOGL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	3GOO.L	GOOGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.47	4.21	+2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.86	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.73	-0.20

Drawdowns

3GOO.L vs. GOOGL - Drawdown Comparison

The maximum 3GOO.L drawdown since its inception was -88.06%, which is greater than GOOGL's maximum drawdown of -52.64%. Use the drawdown chart below to compare losses from any high point for 3GOO.L and GOOGL.

Drawdown Indicators

	3GOO.L	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-88.06%	-52.64%	-35.42%
Max Drawdown (1Y) Largest decline over 1 year	-50.61%	-17.68%	-32.93%
Max Drawdown (3Y) Largest decline over 3 years	-68.88%	-33.18%	-35.70%
Max Drawdown (5Y) Largest decline over 5 years	-88.06%	-36.22%	-51.84%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.22%	—
Current Drawdown Current decline from peak	-29.98%	-10.64%	-19.34%
Average Drawdown Average peak-to-trough decline	-44.54%	-9.92%	-34.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.92%	5.03%	+10.89%

Volatility

3GOO.L vs. GOOGL - Volatility Comparison

Leverage Shares 3x Alphabet ETC GBP (3GOO.L) has a higher volatility of 21.10% compared to Alphabet Inc. Class A (GOOGL) at 8.16%. This indicates that 3GOO.L's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GOO.L	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.10%	8.16%	+12.94%
Volatility (6M) Calculated over the trailing 6-month period	53.14%	19.30%	+33.84%
Volatility (1Y) Calculated over the trailing 1-year period	83.14%	28.32%	+54.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.43%	30.39%	+59.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.73%	29.17%	+60.56%

Dividends

3GOO.L vs. GOOGL - Dividend Comparison

3GOO.L has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025	2024
3GOO.L Leverage Shares 3x Alphabet ETC GBP	0.00%	0.00%	0.00%
GOOGL Alphabet Inc. Class A	0.23%	0.27%	0.32%

Frequently Asked Questions

Can I hold both 3GOO.L and GOOGL in my portfolio?

3GOO.L and GOOGL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.