3XLE.L vs. TDAX

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) and TDAQ Lift ETF (TDAX).

3XLE.L and TDAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3XLE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. TDAX is an actively managed fund by TappAlpha. It was launched on Jan 7, 2026.

Performance

3XLE.L vs. TDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) and TDAQ Lift ETF (TDAX). The values are adjusted to include any dividend payments, if applicable.

3XLE.L vs. TDAX - Yearly Performance Comparison

	2026 (YTD)
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP	148.83%
TDAX TDAQ Lift ETF	-9.31%

Different Trading Currencies

3XLE.L is traded in GBp, while TDAX is traded in USD. To make them comparable, the TDAX values have been converted to GBp using the latest available exchange rates.

Returns By Period

3XLE.L

• 1D: -1.85%
• 1M: 46.81%
• YTD: 157.28%
• 6M: 154.81%
• 1Y: 71.85%
• 3Y*: 18.13%
• 5Y*: —
• 10Y*: —

TDAX

• 1D: 3.25%
• 1M: -5.26%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3XLE.L vs. TDAX - Expense Ratio Comparison

3XLE.L has a 0.75% expense ratio, which is lower than TDAX's 0.98% expense ratio.

TDAX

TDAQ Lift ETF

3XLE.L

Leverage Shares 3x Long Oil & Gas ETP Securities GBP

Return for Risk

3XLE.L vs. TDAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3XLE.L

3XLE.L Risk / Return Rank: 51
3XLE.L Sharpe Ratio Rank: 58
3XLE.L Sortino Ratio Rank: 60
3XLE.L Omega Ratio Rank: 57
3XLE.L Calmar Ratio Rank: 53
3XLE.L Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3XLE.L vs. TDAX - 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 TDAQ Lift ETF (TDAX). 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	TDAX	Difference
Sharpe ratio Return per unit of total volatility	1.05	—	—
Sortino ratio Return per unit of downside risk	1.57	—	—
Omega ratio Gain probability vs. loss probability	1.22	—	—
Calmar ratio Return relative to maximum drawdown	1.41	—	—
Martin ratio Return relative to average drawdown	2.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	3XLE.L	TDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	-1.58	+2.04

Correlation

The correlation between 3XLE.L and TDAX is -0.29. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

3XLE.L vs. TDAX - Dividend Comparison

3XLE.L has not paid dividends to shareholders, while TDAX's dividend yield for the trailing twelve months is around 5.15%.

	TTM
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP	0.00%
TDAX TDAQ Lift ETF	5.15%

Drawdowns

3XLE.L vs. TDAX - Drawdown Comparison

The maximum 3XLE.L drawdown since its inception was -74.89%, which is greater than TDAX's maximum drawdown of -12.81%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and TDAX.

Drawdown Indicators

	3XLE.L	TDAX	Difference
Max Drawdown Largest peak-to-trough decline	-74.89%	-14.69%	-60.20%
Max Drawdown (1Y) Largest decline over 1 year	-51.60%	—	—
Current Drawdown Current decline from peak	-11.27%	-11.65%	+0.38%
Average Drawdown Average peak-to-trough decline	-45.52%	-5.11%	-40.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.36%	—	—

Volatility

Volatility by Period

	3XLE.L	TDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.08%	22.44%	+45.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.29%	22.44%	+58.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.29%	22.44%	+58.85%