3XLE.L vs. 3GDE.L
3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) and 3GDE.L (Leverage Shares 3x Long Gold Miners ETC EUR) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 3XLE.L returned 14.74%/yr vs 48.50%/yr for 3GDE.L. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3XLE.L vs. 3GDE.L - Performance Comparison
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Different Trading Currencies
3XLE.L is traded in GBp, while 3GDE.L is traded in EUR. To make them comparable, the 3GDE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3XLE.L achieves a 97.09% return, which is significantly higher than 3GDE.L's -37.81% return.
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
3GDE.L
- 1D
- 1.38%
- 1M
- -8.06%
- YTD
- -37.81%
- 6M
- -28.18%
- 1Y
- 89.62%
- 3Y*
- 48.50%
- 5Y*
- —
- 10Y*
- —
3XLE.L vs. 3GDE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 97.09% | -17.73% | -12.65% | -29.34% | 191.33% | -3.39% |
3GDE.L Leverage Shares 3x Long Gold Miners ETC EUR | -37.81% | 732.53% | -17.14% | -19.23% | -51.45% | 11.84% |
Correlation
The correlation between 3XLE.L and 3GDE.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 | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.09 |
The correlation between 3XLE.L and 3GDE.L shifts across timeframes, from -0.12 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3XLE.L vs. 3GDE.L — Risk / Return Rank
3XLE.L
3GDE.L
3XLE.L vs. 3GDE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) and Leverage Shares 3x Long Gold Miners ETC EUR (3GDE.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.
| 3XLE.L | 3GDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 1.25 | +2.13 |
| Martin ratioReturn relative to average drawdown | 9.27 | 2.63 | +6.64 |
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
| 3XLE.L | 3GDE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 0.68 | +1.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.15 | +0.19 |
Drawdowns
3XLE.L vs. 3GDE.L - Drawdown Comparison
The maximum 3XLE.L drawdown since its inception was -74.89%, smaller than the maximum 3GDE.L drawdown of -88.94%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and 3GDE.L.
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Drawdown Indicators
| 3XLE.L | 3GDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.89% | -88.94% | +14.05% |
Max Drawdown (1Y)Largest decline over 1 year | -39.26% | -71.37% | +32.11% |
Max Drawdown (3Y)Largest decline over 3 years | -66.05% | -71.37% | +5.32% |
Current DrawdownCurrent decline from peak | -32.03% | -69.50% | +37.47% |
Average DrawdownAverage peak-to-trough decline | -45.06% | -62.32% | +17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.33% | 34.00% | -19.67% |
Volatility
3XLE.L vs. 3GDE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) is 25.44%, while Leverage Shares 3x Long Gold Miners ETC EUR (3GDE.L) has a volatility of 46.45%. This indicates that 3XLE.L experiences smaller price fluctuations and is considered to be less risky than 3GDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3XLE.L | 3GDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.44% | 46.45% | -21.01% |
Volatility (6M)Calculated over the trailing 6-month period | 57.73% | 107.13% | -49.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.92% | 130.62% | -63.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.19% | 108.95% | -26.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.19% | 108.95% | -26.76% |
3XLE.L vs. 3GDE.L - Expense Ratio Comparison
Both 3XLE.L and 3GDE.L have an expense ratio of 0.75%.
Dividends
3XLE.L vs. 3GDE.L - Dividend Comparison
Neither 3XLE.L nor 3GDE.L has paid dividends to shareholders.
Frequently Asked Questions
3XLE.L and 3GDE.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.
3XLE.L and 3GDE.L have the same expense ratio: 0.75% per year.
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