3NVD.L vs. BTC-USD

Last updated Apr 3, 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	-26.75%	-12.14%	735.89%	1,729.24%	-96.41%	536.91%	65.07%
BTC-USD Bitcoin	-22.28%	-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 -26.75% return, which is significantly lower than BTC-USD's -20.87% return.

3NVD.L

• 1D: 0.47%
• 1M: -8.75%
• YTD: -26.75%
• 6M: -38.43%
• 1Y: 107.13%
• 3Y*: 165.13%
• 5Y*: 90.07%
• 10Y*: —

BTC-USD

• 1D: 0.00%
• 1M: 0.44%
• YTD: -20.87%
• 6M: -42.75%
• 1Y: -19.02%
• 3Y*: 31.89%
• 5Y*: 3.80%
• 10Y*: 67.59%

*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: 61
3NVD.L Sharpe Ratio Rank: 48
3NVD.L Sortino Ratio Rank: 69
3NVD.L Omega Ratio Rank: 58
3NVD.L Calmar Ratio Rank: 80
3NVD.L Martin Ratio Rank: 50

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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	0.93	-0.44	+1.37
Sortino ratio Return per unit of downside risk	1.84	-0.37	+2.21
Omega ratio Gain probability vs. loss probability	1.23	0.96	+0.27
Calmar ratio Return relative to maximum drawdown	2.77	-1.08	+3.85
Martin ratio Return relative to average drawdown	5.94	-1.97	+7.91
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 0.93, which is higher than the BTC-USD Sharpe Ratio of -0.44. 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	0.93	-0.44	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	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	-0.59

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	-62.56%	-46.47%	-16.09%
Average Drawdown Average peak-to-trough decline	-53.34%	-42.00%	-11.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.21%	27.75%	-0.54%

Volatility

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

Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.L) has a higher volatility of 23.18% 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	23.18%	13.30%	+9.88%
Volatility (6M) Calculated over the trailing 6-month period	75.56%	34.98%	+40.58%
Volatility (1Y) Calculated over the trailing 1-year period	113.98%	36.08%	+77.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	147.03%	46.46%	+100.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	147.43%	56.09%	+91.34%