3TSE.L vs. GLDI.L
3TSE.L (Leverage Shares 3x Tesla ETP Securities EUR) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - 3TSE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x TSLA Index, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. 3TSE.L is passively managed, while GLDI.L is actively managed. Over the past year, 3TSE.L returned -15.30% vs 24.64% for GLDI.L. At a 0.08 correlation, their price movements are largely independent. 3TSE.L charges 0.75%/yr vs 0.35%/yr for GLDI.L.
Performance
3TSE.L vs. GLDI.L - Performance Comparison
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Different Trading Currencies
3TSE.L is traded in EUR, while GLDI.L is traded in USD. To make them comparable, the GLDI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3TSE.L achieves a -38.63% return, which is significantly lower than GLDI.L's 0.32% return.
3TSE.L
- 1D
- -6.96%
- 1M
- 15.33%
- YTD
- -38.63%
- 6M
- -39.03%
- 1Y
- -15.30%
- 3Y*
- -41.44%
- 5Y*
- -51.63%
- 10Y*
- —
GLDI.L
- 1D
- -0.35%
- 1M
- -2.08%
- YTD
- 0.32%
- 6M
- 1.23%
- 1Y
- 24.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3TSE.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3TSE.L Leverage Shares 3x Tesla ETP Securities EUR | -38.63% | -73.03% | 148.31% |
GLDI.L IncomeShares Gold+ Yield ETP | 0.32% | 41.93% | 11.33% |
Correlation
The correlation between 3TSE.L and GLDI.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.08 |
The correlation between 3TSE.L and GLDI.L shifts across timeframes, from 0.08 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3TSE.L vs. GLDI.L — Risk / Return Rank
3TSE.L
GLDI.L
3TSE.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) and IncomeShares Gold+ Yield ETP (GLDI.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.
| 3TSE.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 1.54 | -1.75 |
| Martin ratioReturn relative to average drawdown | -0.41 | 3.92 | -4.32 |
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
| 3TSE.L | GLDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 1.15 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 1.51 | -1.84 |
Drawdowns
3TSE.L vs. GLDI.L - Drawdown Comparison
The maximum 3TSE.L drawdown since its inception was -99.84%, which is greater than GLDI.L's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for 3TSE.L and GLDI.L.
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Drawdown Indicators
| 3TSE.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -15.92% | -83.92% |
Max Drawdown (1Y)Largest decline over 1 year | -71.98% | -15.92% | -56.06% |
Max Drawdown (3Y)Largest decline over 3 years | -95.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.84% | — | — |
Current DrawdownCurrent decline from peak | -99.66% | -14.55% | -85.11% |
Average DrawdownAverage peak-to-trough decline | -85.76% | -3.16% | -82.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.48% | 6.28% | +31.20% |
Volatility
3TSE.L vs. GLDI.L - Volatility Comparison
Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) has a higher volatility of 39.57% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 4.19%. This indicates that 3TSE.L's price experiences larger fluctuations and is considered to be riskier than GLDI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3TSE.L | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.57% | 4.19% | +35.38% |
Volatility (6M)Calculated over the trailing 6-month period | 85.24% | 18.04% | +67.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.20% | 21.35% | +116.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 166.15% | 18.53% | +147.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.43% | 18.53% | +146.90% |
3TSE.L vs. GLDI.L - Expense Ratio Comparison
3TSE.L has a 0.75% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
3TSE.L vs. GLDI.L - Dividend Comparison
3TSE.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 12.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3TSE.L Leverage Shares 3x Tesla ETP Securities EUR | 0.00% | 0.00% | 0.00% |
GLDI.L IncomeShares Gold+ Yield ETP | 12.75% | 9.15% | 1.08% |
Frequently Asked Questions
3TSE.L and GLDI.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.75% for 3TSE.L.
3TSE.L is categorized as Leveraged Equities, while GLDI.L is Derivative Income. Their fees differ too: 0.75% for 3TSE.L and 0.35% for GLDI.L.
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