3VT.L vs. 3BP.L
3VT.L (Leverage Shares 3x Long Total World ETP Securities GBP) and 3BP.L (Leverage Shares 3x BP ETP GBX) are both Leveraged Equities funds from Leverage Shares. 3VT.L is actively managed, while 3BP.L is passively managed. Over the past 3 years, 3VT.L returned 37.91%/yr vs -2.25%/yr for 3BP.L. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3VT.L vs. 3BP.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3VT.L achieves a 27.78% return, which is significantly lower than 3BP.L's 78.14% return.
3VT.L
- 1D
- -1.52%
- 1M
- 12.90%
- YTD
- 27.78%
- 6M
- 30.70%
- 1Y
- 75.80%
- 3Y*
- 37.91%
- 5Y*
- —
- 10Y*
- —
3BP.L
- 1D
- 5.77%
- 1M
- -15.38%
- YTD
- 78.14%
- 6M
- 41.48%
- 1Y
- 159.59%
- 3Y*
- -2.25%
- 5Y*
- 5.24%
- 10Y*
- —
3VT.L vs. 3BP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3VT.L Leverage Shares 3x Long Total World ETP Securities GBP | 27.78% | 28.59% | 32.38% | 43.18% | -49.57% | 0.00% |
3BP.L Leverage Shares 3x BP ETP GBX | 78.14% | 16.83% | -49.99% | -15.24% | 58.02% | 2.52% |
Correlation
The correlation between 3VT.L and 3BP.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.17 |
The correlation between 3VT.L and 3BP.L shifts across timeframes, from -0.12 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3VT.L vs. 3BP.L — Risk / Return Rank
3VT.L
3BP.L
3VT.L vs. 3BP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Total World ETP Securities GBP (3VT.L) and Leverage Shares 3x BP ETP GBX (3BP.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.
| 3VT.L | 3BP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 4.00 | -1.15 |
| Martin ratioReturn relative to average drawdown | 10.77 | 11.11 | -0.34 |
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
| 3VT.L | 3BP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.87 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.07 | +0.17 |
Drawdowns
3VT.L vs. 3BP.L - Drawdown Comparison
The maximum 3VT.L drawdown since its inception was -58.87%, smaller than the maximum 3BP.L drawdown of -85.47%. Use the drawdown chart below to compare losses from any high point for 3VT.L and 3BP.L.
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Drawdown Indicators
| 3VT.L | 3BP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.87% | -85.47% | +26.60% |
Max Drawdown (1Y)Largest decline over 1 year | -26.47% | -39.67% | +13.20% |
Max Drawdown (3Y)Largest decline over 3 years | -46.37% | -82.48% | +36.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.47% | — |
Current DrawdownCurrent decline from peak | -1.52% | -46.05% | +44.53% |
Average DrawdownAverage peak-to-trough decline | -25.23% | -43.64% | +18.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 14.30% | -7.28% |
Volatility
3VT.L vs. 3BP.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long Total World ETP Securities GBP (3VT.L) is 10.47%, while Leverage Shares 3x BP ETP GBX (3BP.L) has a volatility of 29.32%. This indicates that 3VT.L experiences smaller price fluctuations and is considered to be less risky than 3BP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3VT.L | 3BP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 29.32% | -18.85% |
Volatility (6M)Calculated over the trailing 6-month period | 28.81% | 74.08% | -45.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.37% | 84.95% | -48.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.86% | 89.78% | -41.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.86% | 90.23% | -42.37% |
3VT.L vs. 3BP.L - Expense Ratio Comparison
Both 3VT.L and 3BP.L have an expense ratio of 0.75%.
Dividends
3VT.L vs. 3BP.L - Dividend Comparison
Neither 3VT.L nor 3BP.L has paid dividends to shareholders.
Frequently Asked Questions
3VT.L and 3BP.L have a correlation of -0.12, 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.
3VT.L and 3BP.L have the same expense ratio: 0.75% per year.
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