3VT.L vs. 3XLE.L
3VT.L (Leverage Shares 3x Long Total World ETP Securities GBP) and 3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 3VT.L returned 37.91%/yr vs 15.13%/yr for 3XLE.L. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3VT.L vs. 3XLE.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 3XLE.L's 98.06% return.
3VT.L
- 1D
- -1.52%
- 1M
- 12.90%
- YTD
- 27.78%
- 6M
- 30.70%
- 1Y
- 75.80%
- 3Y*
- 37.91%
- 5Y*
- —
- 10Y*
- —
3XLE.L
- 1D
- 6.81%
- 1M
- -1.92%
- YTD
- 98.06%
- 6M
- 87.16%
- 1Y
- 122.22%
- 3Y*
- 15.13%
- 5Y*
- —
- 10Y*
- —
3VT.L vs. 3XLE.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% |
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 98.06% | -17.73% | -12.65% | -29.34% | 191.33% | -3.39% |
Correlation
The correlation between 3VT.L and 3XLE.L is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.20 |
The correlation between 3VT.L and 3XLE.L shifts across timeframes, from -0.13 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3VT.L vs. 3XLE.L — Risk / Return Rank
3VT.L
3XLE.L
3VT.L vs. 3XLE.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 Long Oil & Gas ETP Securities GBP (3XLE.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 | 3XLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.10 | -0.25 |
| Martin ratioReturn relative to average drawdown | 10.77 | 8.55 | +2.22 |
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 | 3XLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.82 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.34 | -0.10 |
Drawdowns
3VT.L vs. 3XLE.L - Drawdown Comparison
The maximum 3VT.L drawdown since its inception was -58.87%, smaller than the maximum 3XLE.L drawdown of -74.89%. Use the drawdown chart below to compare losses from any high point for 3VT.L and 3XLE.L.
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Drawdown Indicators
| 3VT.L | 3XLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.87% | -74.89% | +16.02% |
Max Drawdown (1Y)Largest decline over 1 year | -26.47% | -39.26% | +12.79% |
Max Drawdown (3Y)Largest decline over 3 years | -46.37% | -66.05% | +19.68% |
Current DrawdownCurrent decline from peak | -1.52% | -31.69% | +30.17% |
Average DrawdownAverage peak-to-trough decline | -25.23% | -45.07% | +19.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 14.25% | -7.23% |
Volatility
3VT.L vs. 3XLE.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 Long Oil & Gas ETP Securities GBP (3XLE.L) has a volatility of 25.62%. This indicates that 3VT.L experiences smaller price fluctuations and is considered to be less risky than 3XLE.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 | 3XLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 25.62% | -15.15% |
Volatility (6M)Calculated over the trailing 6-month period | 28.81% | 57.75% | -28.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.37% | 67.19% | -30.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.86% | 82.23% | -34.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.86% | 82.23% | -34.37% |
3VT.L vs. 3XLE.L - Expense Ratio Comparison
Both 3VT.L and 3XLE.L have an expense ratio of 0.75%.
Dividends
3VT.L vs. 3XLE.L - Dividend Comparison
Neither 3VT.L nor 3XLE.L has paid dividends to shareholders.
Frequently Asked Questions
3VT.L and 3XLE.L have a correlation of -0.13, 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 3XLE.L have the same expense ratio: 0.75% per year.
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