3XFE.L vs. 3XLE.L
3XFE.L (Leverage Shares 3x Long Financials ETP Securities EUR) 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, 3XFE.L returned 26.80%/yr vs 14.57%/yr for 3XLE.L. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3XFE.L vs. 3XLE.L - Performance Comparison
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Different Trading Currencies
3XFE.L is traded in EUR, while 3XLE.L is traded in GBp. To make them comparable, the 3XLE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3XFE.L achieves a -21.50% return, which is significantly lower than 3XLE.L's 98.85% return.
3XFE.L
- 1D
- 9.07%
- 1M
- 2.25%
- YTD
- -21.50%
- 6M
- -15.93%
- 1Y
- -13.53%
- 3Y*
- 26.80%
- 5Y*
- —
- 10Y*
- —
3XLE.L
- 1D
- -0.58%
- 1M
- -5.32%
- YTD
- 98.85%
- 6M
- 84.73%
- 1Y
- 127.23%
- 3Y*
- 14.57%
- 5Y*
- —
- 10Y*
- —
3XFE.L vs. 3XLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3XFE.L Leverage Shares 3x Long Financials ETP Securities EUR | -21.50% | -0.13% | 87.68% | 8.62% | -43.02% | -3.05% |
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 98.85% | -22.02% | -8.44% | -27.84% | 176.75% | -2.33% |
Correlation
The correlation between 3XFE.L and 3XLE.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.30 |
Over the past year, the correlation between 3XFE.L and 3XLE.L has dropped to 0.04 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
3XFE.L vs. 3XLE.L — Risk / Return Rank
3XFE.L
3XLE.L
3XFE.L vs. 3XLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Financials ETP Securities EUR (3XFE.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.
| 3XFE.L | 3XLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.29 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.21 | -3.56 |
| Martin ratioReturn relative to average drawdown | -0.76 | 8.75 | -9.51 |
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
| 3XFE.L | 3XLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | 1.89 | -2.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.33 | -0.34 |
Drawdowns
3XFE.L vs. 3XLE.L - Drawdown Comparison
The maximum 3XFE.L drawdown since its inception was -66.97%, smaller than the maximum 3XLE.L drawdown of -75.28%. Use the drawdown chart below to compare losses from any high point for 3XFE.L and 3XLE.L.
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Drawdown Indicators
| 3XFE.L | 3XLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.97% | -75.28% | +8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -38.56% | -39.36% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -49.49% | -66.58% | +17.09% |
Current DrawdownCurrent decline from peak | -35.42% | -32.82% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -35.56% | -45.32% | +9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.67% | 14.49% | +3.18% |
Volatility
3XFE.L vs. 3XLE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long Financials ETP Securities EUR (3XFE.L) is 12.56%, while Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a volatility of 25.56%. This indicates that 3XFE.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
| 3XFE.L | 3XLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 25.56% | -13.00% |
Volatility (6M)Calculated over the trailing 6-month period | 31.51% | 57.95% | -26.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.29% | 67.18% | -24.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.33% | 83.01% | -28.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.33% | 83.01% | -28.68% |
3XFE.L vs. 3XLE.L - Expense Ratio Comparison
Both 3XFE.L and 3XLE.L have an expense ratio of 0.75%.
Dividends
3XFE.L vs. 3XLE.L - Dividend Comparison
Neither 3XFE.L nor 3XLE.L has paid dividends to shareholders.
Frequently Asked Questions
3XFE.L and 3XLE.L have a correlation of 0.04, 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.
3XFE.L and 3XLE.L have the same expense ratio: 0.75% per year.
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