3SPY.L vs. 3GOE.L
3SPY.L (Leverage Shares 3x Long US 500 ETP Securities) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both Leveraged Equities funds from Leverage Shares. 3SPY.L is actively managed, while 3GOE.L is passively managed. Over the past 3 years, 3SPY.L returned 41.45%/yr vs 85.68%/yr for 3GOE.L. A 0.56 correlation means they provide meaningful diversification when combined. 3SPY.L charges 0.01%/yr vs 0.75%/yr for 3GOE.L.
Performance
3SPY.L vs. 3GOE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3SPY.L achieves a 24.05% return, which is significantly lower than 3GOE.L's 37.40% return.
3SPY.L
- 1D
- -0.24%
- 1M
- 13.51%
- YTD
- 24.05%
- 6M
- 23.76%
- 1Y
- 71.75%
- 3Y*
- 41.45%
- 5Y*
- —
- 10Y*
- —
3GOE.L
- 1D
- 10.59%
- 1M
- -15.25%
- YTD
- 37.40%
- 6M
- 29.89%
- 1Y
- 597.07%
- 3Y*
- 85.68%
- 5Y*
- 28.94%
- 10Y*
- —
3SPY.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3SPY.L Leverage Shares 3x Long US 500 ETP Securities | 24.05% | 12.38% | 63.74% | 58.23% | -41.50% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 37.40% | 133.65% | 89.16% | 159.88% | -70.00% |
Correlation
The correlation between 3SPY.L and 3GOE.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.56 |
The correlation between 3SPY.L and 3GOE.L shifts across timeframes, from 0.43 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3SPY.L vs. 3GOE.L — Risk / Return Rank
3SPY.L
3GOE.L
3SPY.L vs. 3GOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) and Leverage Shares 3x Alphabet ETP Scs (3GOE.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.
| 3SPY.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.58 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 11.56 | -9.85 |
| Martin ratioReturn relative to average drawdown | 3.54 | 36.18 | -32.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3SPY.L | 3GOE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 6.77 | -5.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.59 | -0.19 |
Drawdowns
3SPY.L vs. 3GOE.L - Drawdown Comparison
The maximum 3SPY.L drawdown since its inception was -56.70%, smaller than the maximum 3GOE.L drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for 3SPY.L and 3GOE.L.
Loading charts...
Drawdown Indicators
| 3SPY.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.70% | -88.62% | +31.92% |
Max Drawdown (1Y)Largest decline over 1 year | -41.60% | -51.18% | +9.58% |
Max Drawdown (3Y)Largest decline over 3 years | -56.70% | -69.84% | +13.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.62% | — |
Current DrawdownCurrent decline from peak | -7.32% | -22.74% | +15.42% |
Average DrawdownAverage peak-to-trough decline | -20.29% | -43.41% | +23.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.20% | 16.39% | +3.81% |
Volatility
3SPY.L vs. 3GOE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) is 8.54%, while Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a volatility of 24.09%. This indicates that 3SPY.L experiences smaller price fluctuations and is considered to be less risky than 3GOE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3SPY.L | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 24.09% | -15.55% |
Volatility (6M)Calculated over the trailing 6-month period | 23.30% | 55.21% | -31.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 87.38% | -32.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.91% | 89.79% | -37.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.91% | 89.29% | -37.38% |
3SPY.L vs. 3GOE.L - Expense Ratio Comparison
3SPY.L has a 0.01% expense ratio, which is lower than 3GOE.L's 0.75% expense ratio.
Dividends
3SPY.L vs. 3GOE.L - Dividend Comparison
Neither 3SPY.L nor 3GOE.L has paid dividends to shareholders.
Frequently Asked Questions
3SPY.L and 3GOE.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3SPY.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3SPY.L is cheaper with a 0.01% expense ratio, compared with 0.75% for 3GOE.L.
Their fees differ too: 0.01% for 3SPY.L and 0.75% for 3GOE.L.
Find the right allocation for 3SPY.L and 3GOE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer