3TSM.L vs. 3GOE.L
3TSM.L (Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both Leveraged Equities funds from Leverage Shares - 3TSM.L tracks the iSTOXX Leveraged 3x TSM Index while 3GOE.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 3 years, 3TSM.L returned 138.46%/yr vs 82.05%/yr for 3GOE.L. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3TSM.L vs. 3GOE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3TSM.L achieves a 126.11% return, which is significantly higher than 3GOE.L's 9.47% return.
3TSM.L
- 1D
- -18.34%
- 1M
- 17.83%
- YTD
- 126.11%
- 6M
- 140.81%
- 1Y
- 433.21%
- 3Y*
- 138.46%
- 5Y*
- —
- 10Y*
- —
3GOE.L
- 1D
- 0.00%
- 1M
- -30.69%
- YTD
- 9.47%
- 6M
- 8.08%
- 1Y
- 485.91%
- 3Y*
- 82.05%
- 5Y*
- 19.98%
- 10Y*
- —
3TSM.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3TSM.L Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities | 126.11% | 60.55% | 288.94% | 90.51% | -85.22% | 0.71% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 9.47% | 133.65% | 89.16% | 159.88% | -86.56% | 5.04% |
Correlation
The correlation between 3TSM.L and 3GOE.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.37 |
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Return for Risk
3TSM.L vs. 3GOE.L — Risk / Return Rank
3TSM.L
3GOE.L
3TSM.L vs. 3GOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3TSM.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.52 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 9.23 | 9.49 | -0.27 |
| Martin ratioReturn relative to average drawdown | 26.33 | 28.46 | -2.12 |
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Drawdowns
3TSM.L vs. 3GOE.L - Drawdown Comparison
The maximum 3TSM.L drawdown since its inception was -93.59%, which is greater than 3GOE.L's maximum drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for 3TSM.L and 3GOE.L.
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Drawdown Indicators
| 3TSM.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -88.62% | -4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -46.56% | -51.18% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -81.95% | -69.84% | -12.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.62% | — |
Current DrawdownCurrent decline from peak | -18.34% | -38.45% | +20.11% |
Average DrawdownAverage peak-to-trough decline | -52.00% | -43.19% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.35% | 17.08% | -0.73% |
Volatility
3TSM.L vs. 3GOE.L - Volatility Comparison
Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) has a higher volatility of 38.30% compared to Leverage Shares 3x Alphabet ETP Scs (3GOE.L) at 36.01%. This indicates that 3TSM.L's price experiences larger fluctuations and is considered to be riskier than 3GOE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3TSM.L | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.30% | 36.01% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 82.55% | 62.24% | +20.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.74% | 91.62% | +17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.53% | 90.60% | +30.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.53% | 89.09% | +32.44% |
3TSM.L vs. 3GOE.L - Expense Ratio Comparison
Both 3TSM.L and 3GOE.L have an expense ratio of 0.75%.
Dividends
3TSM.L vs. 3GOE.L - Dividend Comparison
Neither 3TSM.L nor 3GOE.L has paid dividends to shareholders.
Frequently Asked Questions
3TSM.L and 3GOE.L have a correlation of 0.34, 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.
3TSM.L and 3GOE.L have the same expense ratio: 0.75% per year.
3TSM.L tracks iSTOXX Leveraged 3x TSM Index, while 3GOE.L tracks iSTOXX Leveraged 3X GOOG Index.
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