3NVD.L vs. 3XLE.L
3NVD.L (Leverage Shares 3x NVIDIA ETP Securities GBP) and 3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. 3NVD.L is passively managed, while 3XLE.L is actively managed. Over the past 3 years, 3NVD.L returned 134.91%/yr vs 14.74%/yr for 3XLE.L. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3NVD.L vs. 3XLE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3NVD.L achieves a 21.43% return, which is significantly lower than 3XLE.L's 97.09% return.
3NVD.L
- 1D
- 0.65%
- 1M
- 27.20%
- YTD
- 21.43%
- 6M
- 27.54%
- 1Y
- 119.15%
- 3Y*
- 134.91%
- 5Y*
- 82.55%
- 10Y*
- —
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
3NVD.L vs. 3XLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3NVD.L Leverage Shares 3x NVIDIA ETP Securities GBP | 21.43% | -12.14% | 735.89% | 1,729.24% | -96.41% | 0.91% |
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 3NVD.L and 3XLE.L is -0.14, 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 | -0.14 |
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 | 0.08 |
The correlation between 3NVD.L and 3XLE.L shifts across timeframes, from -0.14 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3NVD.L vs. 3XLE.L — Risk / Return Rank
3NVD.L
3XLE.L
3NVD.L vs. 3XLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.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.
| 3NVD.L | 3XLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 3.38 | -1.35 |
| Martin ratioReturn relative to average drawdown | 4.06 | 9.27 | -5.21 |
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
| 3NVD.L | 3XLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.99 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.34 | +0.38 |
Drawdowns
3NVD.L vs. 3XLE.L - Drawdown Comparison
The maximum 3NVD.L drawdown since its inception was -98.48%, 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 3NVD.L and 3XLE.L.
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Drawdown Indicators
| 3NVD.L | 3XLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.48% | -74.89% | -23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -58.47% | -39.26% | -19.21% |
Max Drawdown (3Y)Largest decline over 3 years | -89.34% | -66.05% | -23.29% |
Max Drawdown (5Y)Largest decline over 5 years | -98.48% | — | — |
Current DrawdownCurrent decline from peak | -37.93% | -32.03% | -5.90% |
Average DrawdownAverage peak-to-trough decline | -53.00% | -45.06% | -7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.23% | 14.33% | +14.90% |
Volatility
3NVD.L vs. 3XLE.L - Volatility Comparison
Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.L) has a higher volatility of 36.37% compared to Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) at 25.44%. This indicates that 3NVD.L's price experiences larger fluctuations and is considered to be riskier 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
| 3NVD.L | 3XLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.37% | 25.44% | +10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 69.15% | 57.73% | +11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.68% | 66.92% | +33.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.01% | 82.19% | +63.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.51% | 82.19% | +64.32% |
3NVD.L vs. 3XLE.L - Expense Ratio Comparison
Both 3NVD.L and 3XLE.L have an expense ratio of 0.75%.
Dividends
3NVD.L vs. 3XLE.L - Dividend Comparison
Neither 3NVD.L nor 3XLE.L has paid dividends to shareholders.
Frequently Asked Questions
3NVD.L and 3XLE.L have a correlation of -0.14, 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.
3NVD.L and 3XLE.L have the same expense ratio: 0.75% per year.
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