3NVD.L vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.L) and Bitcoin (BTC-USD).

3NVD.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3X NVDA Index. It was launched on Jun 4, 2020.

Performance

3NVD.L vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.L) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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	-27.09%	-12.14%	735.89%	1,729.24%	-96.41%	536.91%	65.07%
BTC-USD Bitcoin	-20.34%	-12.95%	125.81%	140.73%	-59.81%	60.91%	186.54%

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 -27.09% return, which is significantly lower than BTC-USD's -20.55% return.

3NVD.L

• 1D: 9.32%
• 1M: -11.31%
• YTD: -27.09%
• 6M: -35.18%
• 1Y: 112.91%
• 3Y*: 165.45%
• 5Y*: 89.89%
• 10Y*: —

BTC-USD

• 1D: 0.00%
• 1M: 0.48%
• YTD: -20.55%
• 6M: -41.39%
• 1Y: -21.72%
• 3Y*: 30.74%
• 5Y*: 3.89%
• 10Y*: 67.69%

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

Return for Risk

3NVD.L vs. BTC-USD — Risk / Return Rank

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

3NVD.L

3NVD.L Risk / Return Rank: 57
3NVD.L Sharpe Ratio Rank: 51
3NVD.L Sortino Ratio Rank: 71
3NVD.L Omega Ratio Rank: 59
3NVD.L Calmar Ratio Rank: 64
3NVD.L Martin Ratio Rank: 38

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

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 ratio Return per unit of total volatility	0.99	-0.50	+1.49
Sortino ratio Return per unit of downside risk	1.87	-0.47	+2.35
Omega ratio Gain probability vs. loss probability	1.23	0.95	+0.28
Calmar ratio Return relative to maximum drawdown	1.82	-1.07	+2.89
Martin ratio Return relative to average drawdown	3.92	-1.96	+5.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3NVD.L vs. BTC-USD - Sharpe Ratio Comparison

The current 3NVD.L Sharpe Ratio is 0.99, which is higher than the BTC-USD Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of 3NVD.L and BTC-USD, 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

	3NVD.L	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	-0.50	+1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.07	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.21	-0.60

Correlation

The correlation between 3NVD.L and BTC-USD is 0.15, 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.

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.

Drawdown Indicators

	3NVD.L	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-98.48%	-85.30%	-13.18%
Max Drawdown (1Y) Largest decline over 1 year	-58.47%	-49.65%	-8.82%
Max Drawdown (5Y) Largest decline over 5 years	-98.48%	-76.67%	-21.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-62.73%	-45.02%	-17.71%
Average Drawdown Average peak-to-trough decline	-53.33%	-41.99%	-11.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.09%	27.60%	-0.51%

Volatility

3NVD.L vs. BTC-USD - Volatility Comparison

Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.L) has a higher volatility of 23.74% compared to Bitcoin (BTC-USD) at 13.30%. 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.

Volatility by Period

	3NVD.L	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.74%	13.30%	+10.44%
Volatility (6M) Calculated over the trailing 6-month period	75.56%	35.05%	+40.51%
Volatility (1Y) Calculated over the trailing 1-year period	114.45%	36.16%	+78.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	147.09%	46.45%	+100.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	147.49%	56.08%	+91.41%