3KOR.L vs. 3GOE.L
3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both Leveraged Equities funds from Leverage Shares. 3KOR.L is actively managed, while 3GOE.L is passively managed. Over the past 3 years, 3KOR.L returned 94.97%/yr vs 88.32%/yr for 3GOE.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3KOR.L vs. 3GOE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3KOR.L achieves a 330.87% return, which is significantly higher than 3GOE.L's 18.14% return.
3KOR.L
- 1D
- 8.84%
- 1M
- -15.95%
- YTD
- 330.87%
- 6M
- 388.13%
- 1Y
- 859.74%
- 3Y*
- 94.97%
- 5Y*
- —
- 10Y*
- —
3GOE.L
- 1D
- 0.00%
- 1M
- -24.44%
- YTD
- 18.14%
- 6M
- 14.64%
- 1Y
- 475.90%
- 3Y*
- 88.32%
- 5Y*
- 22.06%
- 10Y*
- —
3KOR.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3KOR.L Leverage Shares 3x Long South Korea ETP Securities | 330.87% | 356.68% | -62.34% | 15.02% | -56.31% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 18.14% | 133.65% | 89.16% | 159.88% | -67.80% |
Correlation
The correlation between 3KOR.L and 3GOE.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022 | 0.31 |
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Return for Risk
3KOR.L vs. 3GOE.L — Risk / Return Rank
3KOR.L
3GOE.L
3KOR.L vs. 3GOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long South Korea ETP Securities (3KOR.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.
| 3KOR.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.52 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 14.17 | 9.30 | +4.87 |
| Martin ratioReturn relative to average drawdown | 41.74 | 27.48 | +14.26 |
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Drawdowns
3KOR.L vs. 3GOE.L - Drawdown Comparison
The maximum 3KOR.L drawdown since its inception was -85.50%, roughly equal to the maximum 3GOE.L drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for 3KOR.L and 3GOE.L.
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Drawdown Indicators
| 3KOR.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.50% | -88.62% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -60.08% | -51.18% | -8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -75.07% | -69.84% | -5.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.62% | — |
Current DrawdownCurrent decline from peak | -32.18% | -33.57% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -52.45% | -43.18% | -9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.43% | 17.32% | +3.11% |
Volatility
3KOR.L vs. 3GOE.L - Volatility Comparison
Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a higher volatility of 60.68% compared to Leverage Shares 3x Alphabet ETP Scs (3GOE.L) at 36.39%. This indicates that 3KOR.L's price experiences larger fluctuations and is considered to be riskier 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
| 3KOR.L | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 60.68% | 36.39% | +24.29% |
Volatility (6M)Calculated over the trailing 6-month period | 112.48% | 62.31% | +50.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 121.98% | 91.41% | +30.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.36% | 90.63% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.36% | 89.06% | -2.70% |
3KOR.L vs. 3GOE.L - Expense Ratio Comparison
Both 3KOR.L and 3GOE.L have an expense ratio of 0.75%.
Dividends
3KOR.L vs. 3GOE.L - Dividend Comparison
Neither 3KOR.L nor 3GOE.L has paid dividends to shareholders.
Frequently Asked Questions
3KOR.L and 3GOE.L have a correlation of 0.31, 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.
3KOR.L and 3GOE.L have the same expense ratio: 0.75% per year.
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