3NVD.L vs. BTC-USD
3NVD.L (Leverage Shares 3x NVIDIA ETP Securities GBP) is Leveraged Equities fund tracking the iSTOXX Leveraged 3X NVDA Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, 3NVD.L returned 82.55%/yr vs 12.64%/yr for BTC-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
3NVD.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
3NVD.L is traded in GBp, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3NVD.L achieves a 21.43% return, which is significantly higher than BTC-USD's -27.31% 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*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -20.99%
- YTD
- -27.31%
- 6M
- -31.69%
- 1Y
- -38.94%
- 3Y*
- 31.62%
- 5Y*
- 12.64%
- 10Y*
- 60.90%
3NVD.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3NVD.L Leverage Shares 3x NVIDIA ETP Securities GBP | 21.43% | -12.14% | 735.89% | 1,729.24% | -96.41% | 536.91% | 65.07% |
BTC-USD Bitcoin | -27.31% | -12.95% | 125.81% | 140.73% | -59.81% | 60.91% | 186.54% |
Correlation
The correlation between 3NVD.L and BTC-USD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | 0.14 |
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Return for Risk
3NVD.L vs. BTC-USD — Risk / Return Rank
3NVD.L
BTC-USD
3NVD.L vs. BTC-USD - 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 Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.86 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.78 | +2.81 |
| Martin ratioReturn relative to average drawdown | 4.06 | -1.39 | +5.45 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | -0.93 | +2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.23 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.14 | -0.43 |
Drawdowns
3NVD.L vs. BTC-USD - Drawdown Comparison
The maximum 3NVD.L drawdown since its inception was -98.48%, which is greater than BTC-USD's maximum drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for 3NVD.L and BTC-USD.
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Drawdown Indicators
| 3NVD.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.48% | -84.19% | -14.29% |
Max Drawdown (1Y)Largest decline over 1 year | -58.47% | -49.84% | -8.63% |
Max Drawdown (3Y)Largest decline over 3 years | -89.34% | -49.84% | -39.50% |
Max Drawdown (5Y)Largest decline over 5 years | -98.48% | -73.24% | -25.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -37.93% | -48.98% | +11.05% |
Average DrawdownAverage peak-to-trough decline | -53.00% | -40.26% | -12.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.23% | 33.59% | -4.36% |
Volatility
3NVD.L vs. BTC-USD - Volatility Comparison
Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.L) has a higher volatility of 36.37% compared to Bitcoin (BTC-USD) at 10.38%. This indicates that 3NVD.L's price experiences larger fluctuations and is considered to be riskier than BTC-USD 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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.37% | 10.38% | +25.99% |
Volatility (6M)Calculated over the trailing 6-month period | 69.15% | 33.67% | +35.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.68% | 34.71% | +65.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.01% | 44.81% | +101.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.51% | 56.04% | +90.47% |
Frequently Asked Questions
3NVD.L and BTC-USD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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