3VT.L vs. XS2D.L
3VT.L (Leverage Shares 3x Long Total World ETP Securities GBP) and XS2D.L (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both Leveraged Equities funds. 3VT.L is actively managed, while XS2D.L is passively managed. Over the past 3 years, 3VT.L returned 37.91%/yr vs 35.20%/yr for XS2D.L. A 0.80 correlation means they provide meaningful diversification when combined. 3VT.L charges 0.75%/yr vs 0.60%/yr for XS2D.L.
Performance
3VT.L vs. XS2D.L - Performance Comparison
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Different Trading Currencies
3VT.L is traded in GBp, while XS2D.L is traded in USD. To make them comparable, the XS2D.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3VT.L achieves a 27.78% return, which is significantly higher than XS2D.L's 19.08% return.
3VT.L
- 1D
- -1.52%
- 1M
- 12.90%
- YTD
- 27.78%
- 6M
- 30.70%
- 1Y
- 75.80%
- 3Y*
- 37.91%
- 5Y*
- —
- 10Y*
- —
XS2D.L
- 1D
- -0.85%
- 1M
- 9.89%
- YTD
- 19.08%
- 6M
- 19.26%
- 1Y
- 55.83%
- 3Y*
- 35.20%
- 5Y*
- 21.70%
- 10Y*
- 25.49%
3VT.L vs. XS2D.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% |
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 19.08% | 17.56% | 48.20% | 41.43% | -31.85% | 4.54% |
Correlation
The correlation between 3VT.L and XS2D.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.80 |
The correlation between 3VT.L and XS2D.L has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
3VT.L vs. XS2D.L — Risk / Return Rank
3VT.L
XS2D.L
3VT.L vs. XS2D.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 Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.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 | XS2D.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.42 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.52 | -0.68 |
| Martin ratioReturn relative to average drawdown | 10.77 | 13.27 | -2.50 |
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 | XS2D.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.45 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.86 | -0.61 |
Drawdowns
3VT.L vs. XS2D.L - Drawdown Comparison
The maximum 3VT.L drawdown since its inception was -58.87%, which is greater than XS2D.L's maximum drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for 3VT.L and XS2D.L.
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Drawdown Indicators
| 3VT.L | XS2D.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.87% | -54.44% | -4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -26.47% | -15.77% | -10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -46.37% | -36.46% | -9.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.44% | — |
Current DrawdownCurrent decline from peak | -1.52% | -0.85% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -25.23% | -8.14% | -17.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 4.20% | +2.82% |
Volatility
3VT.L vs. XS2D.L - Volatility Comparison
Leverage Shares 3x Long Total World ETP Securities GBP (3VT.L) has a higher volatility of 10.47% compared to Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) at 6.40%. This indicates that 3VT.L's price experiences larger fluctuations and is considered to be riskier than XS2D.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 | XS2D.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 6.40% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 28.81% | 16.35% | +12.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.37% | 22.81% | +13.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.86% | 30.08% | +17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.86% | 31.29% | +16.57% |
3VT.L vs. XS2D.L - Expense Ratio Comparison
3VT.L has a 0.75% expense ratio, which is higher than XS2D.L's 0.60% expense ratio.
Dividends
3VT.L vs. XS2D.L - Dividend Comparison
Neither 3VT.L nor XS2D.L has paid dividends to shareholders.
Frequently Asked Questions
3VT.L and XS2D.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XS2D.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XS2D.L is cheaper with a 0.60% expense ratio, compared with 0.75% for 3VT.L.
They also come from different issuers: Leverage Shares and Xtrackers. Their fees differ too: 0.75% for 3VT.L and 0.60% for XS2D.L.
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