3TSE.L vs. TSLI.L
3TSE.L (Leverage Shares 3x Tesla ETP Securities EUR) and TSLI.L (IncomeShares Tesla TSLA Options ETP) are both exchange-traded funds - 3TSE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x TSLA Index, while TSLI.L is a Derivative Income fund actively managed by Leverage Shares. 3TSE.L is passively managed, while TSLI.L is actively managed. Over the past year, 3TSE.L returned -22.56% vs 42.48% for TSLI.L. Their correlation of 0.90 suggests significant overlap in exposure. 3TSE.L charges 0.75%/yr vs 0.55%/yr for TSLI.L.
Performance
3TSE.L vs. TSLI.L - Performance Comparison
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Different Trading Currencies
3TSE.L is traded in EUR, while TSLI.L is traded in USD. To make them comparable, the TSLI.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 -34.04% return, which is significantly lower than TSLI.L's -5.23% return.
3TSE.L
- 1D
- 5.89%
- 1M
- 25.77%
- YTD
- -34.04%
- 6M
- -30.13%
- 1Y
- -22.56%
- 3Y*
- -39.32%
- 5Y*
- -50.93%
- 10Y*
- —
TSLI.L
- 1D
- 1.58%
- 1M
- 6.04%
- YTD
- -5.23%
- 6M
- -2.85%
- 1Y
- 42.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3TSE.L vs. TSLI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3TSE.L Leverage Shares 3x Tesla ETP Securities EUR | -34.04% | -73.03% | 274.19% |
TSLI.L IncomeShares Tesla TSLA Options ETP | -5.23% | 23.84% | 34.48% |
Correlation
The correlation between 3TSE.L and TSLI.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024 | 0.90 |
The correlation between 3TSE.L and TSLI.L has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
3TSE.L vs. TSLI.L — Risk / Return Rank
3TSE.L
TSLI.L
3TSE.L vs. TSLI.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 Tesla TSLA Options ETP (TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.73 | -2.05 |
| Martin ratioReturn relative to average drawdown | -0.60 | 4.39 | -4.98 |
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 | TSLI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 1.12 | -1.29 |
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 | 0.65 | -0.99 |
Drawdowns
3TSE.L vs. TSLI.L - Drawdown Comparison
The maximum 3TSE.L drawdown since its inception was -99.84%, which is greater than TSLI.L's maximum drawdown of -44.23%. Use the drawdown chart below to compare losses from any high point for 3TSE.L and TSLI.L.
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Drawdown Indicators
| 3TSE.L | TSLI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -44.23% | -55.61% |
Max Drawdown (1Y)Largest decline over 1 year | -71.98% | -24.39% | -47.59% |
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 | -99.64% | -11.05% | -88.59% |
Average DrawdownAverage peak-to-trough decline | -85.75% | -14.19% | -71.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.45% | 9.58% | +27.87% |
Volatility
3TSE.L vs. TSLI.L - Volatility Comparison
Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) has a higher volatility of 38.69% compared to IncomeShares Tesla TSLA Options ETP (TSLI.L) at 11.58%. This indicates that 3TSE.L's price experiences larger fluctuations and is considered to be riskier than TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.69% | 11.58% | +27.11% |
Volatility (6M)Calculated over the trailing 6-month period | 84.97% | 25.33% | +59.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.69% | 37.89% | +100.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 166.13% | 43.73% | +122.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.46% | 43.73% | +121.73% |
3TSE.L vs. TSLI.L - Expense Ratio Comparison
3TSE.L has a 0.75% expense ratio, which is higher than TSLI.L's 0.55% expense ratio.
Dividends
3TSE.L vs. TSLI.L - Dividend Comparison
3TSE.L has not paid dividends to shareholders, while TSLI.L's dividend yield for the trailing twelve months is around 71.61%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3TSE.L Leverage Shares 3x Tesla ETP Securities EUR | 0.00% | 0.00% | 0.00% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 71.61% | 73.68% | 19.21% |
Frequently Asked Questions
With a correlation of 0.95, 3TSE.L and TSLI.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TSLI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3TSE.L.
3TSE.L is categorized as Leveraged Equities, while TSLI.L is Derivative Income. Their fees differ too: 0.75% for 3TSE.L and 0.55% for TSLI.L.
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