3NFE.L vs. 3XLE.L

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L).

3NFE.L and 3XLE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3NFE.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3X NFLX Index. It was launched on Jun 4, 2020. 3XLE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021.

Performance

3NFE.L vs. 3XLE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L). The values are adjusted to include any dividend payments, if applicable.

3NFE.L vs. 3XLE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR	-7.83%	-42.85%	343.40%	211.89%	-99.47%	9.76%
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP	114.44%	-22.02%	-8.44%	-27.84%	176.75%	-2.33%

Different Trading Currencies

3NFE.L is traded in EUR, while 3XLE.L is traded in GBp. To make them comparable, the 3XLE.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3NFE.L achieves a -7.83% return, which is significantly lower than 3XLE.L's 114.44% return.

3NFE.L

• 1D: -0.62%
• 1M: -4.79%
• YTD: -7.83%
• 6M: -59.44%
• 1Y: -39.59%
• 3Y*: 66.78%
• 5Y*: -44.65%
• 10Y*: —

3XLE.L

• 1D: -16.52%
• 1M: 10.88%
• YTD: 114.44%
• 6M: 109.80%
• 1Y: 37.82%
• 3Y*: 11.44%
• 5Y*: —
• 10Y*: —

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

3NFE.L vs. 3XLE.L - Expense Ratio Comparison

Both 3NFE.L and 3XLE.L have an expense ratio of 0.75%.

3NFE.L

Leverage Shares 3x Netflix ETP Securities EUR

3XLE.L

Leverage Shares 3x Long Oil & Gas ETP Securities GBP

Return for Risk

3NFE.L vs. 3XLE.L — Risk / Return Rank

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

3NFE.L

3NFE.L Risk / Return Rank: 7
3NFE.L Sharpe Ratio Rank: 5
3NFE.L Sortino Ratio Rank: 9
3NFE.L Omega Ratio Rank: 9
3NFE.L Calmar Ratio Rank: 4
3NFE.L Martin Ratio Rank: 5

3XLE.L

3XLE.L Risk / Return Rank: 33
3XLE.L Sharpe Ratio Rank: 30
3XLE.L Sortino Ratio Rank: 38
3XLE.L Omega Ratio Rank: 38
3XLE.L Calmar Ratio Rank: 34
3XLE.L Martin Ratio Rank: 25

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.

3NFE.L vs. 3XLE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Netflix ETP Securities EUR (3NFE.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.

	3NFE.L	3XLE.L	Difference
Sharpe ratio Return per unit of total volatility	-0.40	0.53	-0.93
Sortino ratio Return per unit of downside risk	-0.03	1.09	-1.12
Omega ratio Gain probability vs. loss probability	1.00	1.15	-0.16
Calmar ratio Return relative to maximum drawdown	-0.50	0.86	-1.36
Martin ratio Return relative to average drawdown	-0.86	1.72	-2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3NFE.L vs. 3XLE.L - Sharpe Ratio Comparison

The current 3NFE.L Sharpe Ratio is -0.40, which is lower than the 3XLE.L Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of 3NFE.L and 3XLE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	3NFE.L	3XLE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	0.53	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.37	-0.68

Correlation

The correlation between 3NFE.L and 3XLE.L is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

3NFE.L vs. 3XLE.L - Dividend Comparison

Neither 3NFE.L nor 3XLE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

3NFE.L vs. 3XLE.L - Drawdown Comparison

The maximum 3NFE.L drawdown since its inception was -99.86%, which is greater than 3XLE.L's maximum drawdown of -75.28%. Use the drawdown chart below to compare losses from any high point for 3NFE.L and 3XLE.L.

Drawdown Indicators

	3NFE.L	3XLE.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.86%	-74.89%	-24.97%
Max Drawdown (1Y) Largest decline over 1 year	-86.42%	-51.60%	-34.82%
Max Drawdown (5Y) Largest decline over 5 years	-99.86%	—	—
Current Drawdown Current decline from peak	-97.37%	-26.34%	-71.03%
Average Drawdown Average peak-to-trough decline	-81.65%	-45.50%	-36.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.39%	19.49%	+30.90%

Volatility

3NFE.L vs. 3XLE.L - Volatility Comparison

The current volatility for Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) is 15.66%, while Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a volatility of 27.32%. This indicates that 3NFE.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.

Volatility by Period

	3NFE.L	3XLE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.66%	27.32%	-11.66%
Volatility (6M) Calculated over the trailing 6-month period	76.28%	46.22%	+30.06%
Volatility (1Y) Calculated over the trailing 1-year period	98.52%	71.07%	+27.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.95%	82.53%	+41.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	122.90%	82.53%	+40.37%