3PYE.L vs. 3VT.L
3PYE.L (Leverage Shares 3x PayPal ETP Securities EUR) and 3VT.L (Leverage Shares 3x Long Total World ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. 3PYE.L is passively managed, while 3VT.L is actively managed. Over the past 3 years, 3PYE.L returned -65.15%/yr vs 37.68%/yr for 3VT.L. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3PYE.L vs. 3VT.L - Performance Comparison
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Different Trading Currencies
3PYE.L is traded in EUR, while 3VT.L is traded in GBp. To make them comparable, the 3VT.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3PYE.L achieves a -73.82% return, which is significantly lower than 3VT.L's 29.01% return.
3PYE.L
- 1D
- -12.46%
- 1M
- -41.94%
- YTD
- -73.82%
- 6M
- -77.23%
- 1Y
- -89.21%
- 3Y*
- -65.15%
- 5Y*
- -84.45%
- 10Y*
- —
3VT.L
- 1D
- -1.57%
- 1M
- 12.80%
- YTD
- 29.01%
- 6M
- 32.13%
- 1Y
- 71.15%
- 3Y*
- 37.68%
- 5Y*
- —
- 10Y*
- —
3PYE.L vs. 3VT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3PYE.L Leverage Shares 3x PayPal ETP Securities EUR | -73.82% | -85.07% | 59.76% | -60.67% | -98.90% | 10.92% |
3VT.L Leverage Shares 3x Long Total World ETP Securities GBP | 29.01% | 21.88% | 38.77% | 46.22% | -51.49% | 0.00% |
Correlation
The correlation between 3PYE.L and 3VT.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.50 |
The correlation between 3PYE.L and 3VT.L has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.
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Return for Risk
3PYE.L vs. 3VT.L — Risk / Return Rank
3PYE.L
3VT.L
3PYE.L vs. 3VT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x PayPal ETP Securities EUR (3PYE.L) and Leverage Shares 3x Long Total World ETP Securities GBP (3VT.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.
| 3PYE.L | 3VT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -4.04 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.32 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.69 | -3.65 |
| Martin ratioReturn relative to average drawdown | -1.41 | 10.19 | -11.59 |
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
| 3PYE.L | 3VT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 1.90 | -2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | 0.23 | -0.92 |
Drawdowns
3PYE.L vs. 3VT.L - Drawdown Comparison
The maximum 3PYE.L drawdown since its inception was -100.00%, which is greater than 3VT.L's maximum drawdown of -60.63%. Use the drawdown chart below to compare losses from any high point for 3PYE.L and 3VT.L.
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Drawdown Indicators
| 3PYE.L | 3VT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -60.63% | -39.37% |
Max Drawdown (1Y)Largest decline over 1 year | -92.47% | -26.36% | -66.11% |
Max Drawdown (3Y)Largest decline over 3 years | -97.62% | -48.18% | -49.44% |
Max Drawdown (5Y)Largest decline over 5 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -1.57% | -98.42% |
Average DrawdownAverage peak-to-trough decline | -89.28% | -26.46% | -62.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.51% | 6.96% | +56.55% |
Volatility
3PYE.L vs. 3VT.L - Volatility Comparison
Leverage Shares 3x PayPal ETP Securities EUR (3PYE.L) has a higher volatility of 35.97% compared to Leverage Shares 3x Long Total World ETP Securities GBP (3VT.L) at 10.39%. This indicates that 3PYE.L's price experiences larger fluctuations and is considered to be riskier than 3VT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3PYE.L | 3VT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.97% | 10.39% | +25.58% |
Volatility (6M)Calculated over the trailing 6-month period | 108.43% | 29.23% | +79.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.23% | 37.25% | +77.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.20% | 48.59% | +72.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.98% | 48.59% | +71.39% |
3PYE.L vs. 3VT.L - Expense Ratio Comparison
Both 3PYE.L and 3VT.L have an expense ratio of 0.75%.
Dividends
3PYE.L vs. 3VT.L - Dividend Comparison
Neither 3PYE.L nor 3VT.L has paid dividends to shareholders.
Frequently Asked Questions
3PYE.L and 3VT.L have a correlation of 0.41, 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.
3PYE.L and 3VT.L have the same expense ratio: 0.75% per year.
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