3XLE.L vs. SPYY.L
3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) and SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) are both exchange-traded funds - 3XLE.L is a Leveraged Equities fund actively managed by Leverage Shares, while SPYY.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 3XLE.L returned 133.33% vs 11.77% for SPYY.L. At a 0.13 correlation, their price movements are largely independent. 3XLE.L charges 0.75%/yr vs 0.45%/yr for SPYY.L.
Performance
3XLE.L vs. SPYY.L - Performance Comparison
Loading charts...
Different Trading Currencies
3XLE.L is traded in GBp, while SPYY.L is traded in USD. To make them comparable, the SPYY.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 SPYY.L's -2.97% return.
3XLE.L
- 1D
- -0.49%
- 1M
- -5.14%
- YTD
- 97.09%
- 6M
- 82.88%
- 1Y
- 133.33%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
SPYY.L
- 1D
- -0.10%
- 1M
- 3.83%
- YTD
- -2.97%
- 6M
- -3.19%
- 1Y
- 11.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3XLE.L vs. SPYY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 97.09% | -17.73% | -11.76% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -2.97% | 7.74% | 0.50% |
Correlation
The correlation between 3XLE.L and SPYY.L is -0.08, 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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.13 |
The correlation between 3XLE.L and SPYY.L shifts across timeframes, from -0.08 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3XLE.L vs. SPYY.L — Risk / Return Rank
3XLE.L
SPYY.L
3XLE.L vs. SPYY.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 IncomeShares S&P500 Options (0DTE) ETP (SPYY.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 | SPYY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 0.82 | +2.56 |
| Martin ratioReturn relative to average drawdown | 9.27 | 2.25 | +7.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3XLE.L | SPYY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 0.84 | +1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.18 | +0.15 |
Drawdowns
3XLE.L vs. SPYY.L - Drawdown Comparison
The maximum 3XLE.L drawdown since its inception was -74.89%, which is greater than SPYY.L's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and SPYY.L.
Loading charts...
Drawdown Indicators
| 3XLE.L | SPYY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.89% | -17.17% | -57.72% |
Max Drawdown (1Y)Largest decline over 1 year | -39.26% | -14.29% | -24.97% |
Max Drawdown (3Y)Largest decline over 3 years | -66.05% | — | — |
Current DrawdownCurrent decline from peak | -32.03% | -4.53% | -27.50% |
Average DrawdownAverage peak-to-trough decline | -45.06% | -4.96% | -40.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.33% | 5.22% | +9.11% |
Volatility
3XLE.L vs. SPYY.L - Volatility Comparison
Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) has a higher volatility of 25.44% compared to IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) at 3.24%. This indicates that 3XLE.L's price experiences larger fluctuations and is considered to be riskier than SPYY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3XLE.L | SPYY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.44% | 3.24% | +22.20% |
Volatility (6M)Calculated over the trailing 6-month period | 57.73% | 10.26% | +47.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.92% | 13.94% | +52.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.19% | 15.40% | +66.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.19% | 15.40% | +66.79% |
3XLE.L vs. SPYY.L - Expense Ratio Comparison
3XLE.L has a 0.75% expense ratio, which is higher than SPYY.L's 0.45% expense ratio.
Dividends
3XLE.L vs. SPYY.L - Dividend Comparison
3XLE.L has not paid dividends to shareholders, while SPYY.L's dividend yield for the trailing twelve months is around 34.35%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 0.00% | 0.00% | 0.00% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | 34.35% | 82.07% | 2.84% |
Frequently Asked Questions
3XLE.L and SPYY.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 3XLE.L.
3XLE.L is categorized as Leveraged Equities, while SPYY.L is Derivative Income. Their fees differ too: 0.75% for 3XLE.L and 0.45% for SPYY.L.
Find the right allocation for 3XLE.L and SPYY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer