3NIE.L vs. GOOI.L
3NIE.L (Leverage Shares 3x Long NIO ETP Securities) and GOOI.L (IncomeShares Alphabet (GOOG) Options ETP) are both exchange-traded funds - 3NIE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x NIO Index, while GOOI.L is a Derivative Income fund actively managed by Leverage Shares. 3NIE.L is passively managed, while GOOI.L is actively managed. Over the past year, 3NIE.L returned -34.40% vs 63.86% for GOOI.L. At a 0.08 correlation, their price movements are largely independent. 3NIE.L charges 0.75%/yr vs 0.55%/yr for GOOI.L.
Performance
3NIE.L vs. GOOI.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3NIE.L achieves a -59.80% return, which is significantly lower than GOOI.L's 5.15% return.
3NIE.L
- 1D
- -14.85%
- 1M
- -29.31%
- YTD
- -59.80%
- 6M
- -48.10%
- 1Y
- -34.40%
- 3Y*
- -4.35%
- 5Y*
- —
- 10Y*
- —
GOOI.L
- 1D
- 0.00%
- 1M
- -8.04%
- YTD
- 5.15%
- 6M
- 4.57%
- 1Y
- 63.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3NIE.L vs. GOOI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3NIE.L Leverage Shares 3x Long NIO ETP Securities | -59.80% | 21,648.40% | -73.90% |
GOOI.L IncomeShares Alphabet (GOOG) Options ETP | 5.15% | 45.15% | 16.36% |
Correlation
The correlation between 3NIE.L and GOOI.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.08 |
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Return for Risk
3NIE.L vs. GOOI.L — Risk / Return Rank
3NIE.L
GOOI.L
3NIE.L vs. GOOI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long NIO ETP Securities (3NIE.L) and IncomeShares Alphabet (GOOG) Options ETP (GOOI.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.
| 3NIE.L | GOOI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 3.84 | -4.22 |
| Martin ratioReturn relative to average drawdown | -0.54 | 11.97 | -12.51 |
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Drawdowns
3NIE.L vs. GOOI.L - Drawdown Comparison
The maximum 3NIE.L drawdown since its inception was -100.00%, which is greater than GOOI.L's maximum drawdown of -26.69%. Use the drawdown chart below to compare losses from any high point for 3NIE.L and GOOI.L.
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Drawdown Indicators
| 3NIE.L | GOOI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -26.69% | -73.31% |
Max Drawdown (1Y)Largest decline over 1 year | -90.06% | -16.53% | -73.53% |
Max Drawdown (3Y)Largest decline over 3 years | -99.86% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -10.88% | -89.08% |
Average DrawdownAverage peak-to-trough decline | -96.79% | -6.34% | -90.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.58% | 5.32% | +58.26% |
Volatility
3NIE.L vs. GOOI.L - Volatility Comparison
Leverage Shares 3x Long NIO ETP Securities (3NIE.L) has a higher volatility of 42.43% compared to IncomeShares Alphabet (GOOG) Options ETP (GOOI.L) at 10.91%. This indicates that 3NIE.L's price experiences larger fluctuations and is considered to be riskier than GOOI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3NIE.L | GOOI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.43% | 10.91% | +31.52% |
Volatility (6M)Calculated over the trailing 6-month period | 120.49% | 18.18% | +102.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 180.02% | 25.67% | +154.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29,599.17% | 26.73% | +29,572.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29,599.17% | 26.73% | +29,572.44% |
3NIE.L vs. GOOI.L - Expense Ratio Comparison
3NIE.L has a 0.75% expense ratio, which is higher than GOOI.L's 0.55% expense ratio.
Dividends
3NIE.L vs. GOOI.L - Dividend Comparison
3NIE.L has not paid dividends to shareholders, while GOOI.L's dividend yield for the trailing twelve months is around 23.19%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3NIE.L Leverage Shares 3x Long NIO ETP Securities | 0.00% | 0.00% | 0.00% |
GOOI.L IncomeShares Alphabet (GOOG) Options ETP | 23.19% | 11.19% | 2.00% |
Frequently Asked Questions
3NIE.L and GOOI.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOOI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOOI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3NIE.L.
3NIE.L is categorized as Leveraged Equities, while GOOI.L is Derivative Income. Their fees differ too: 0.75% for 3NIE.L and 0.55% for GOOI.L.
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