AVGI.L vs. 3BAB.L
AVGI.L (IncomeShares Broadcom (AVGO) Options ETP) and 3BAB.L (Leverage Shares 3x Alibaba ETC) are both exchange-traded funds - AVGI.L is a Derivative Income fund actively managed by Leverage Shares, while 3BAB.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x BABA Index. AVGI.L is actively managed, while 3BAB.L is passively managed. Over the past year, AVGI.L returned 16.55% vs -45.98% for 3BAB.L. At a 0.22 correlation, their price movements are largely independent. AVGI.L charges 0.55%/yr vs 0.75%/yr for 3BAB.L.
Performance
AVGI.L vs. 3BAB.L - Performance Comparison
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Different Trading Currencies
AVGI.L is traded in USD, while 3BAB.L is traded in GBp. To make them comparable, the 3BAB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVGI.L achieves a 5.06% return, which is significantly higher than 3BAB.L's -62.74% return.
AVGI.L
- 1D
- 0.00%
- 1M
- -3.05%
- 6M
- 9.80%
- YTD
- 5.06%
- 1Y
- 16.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3BAB.L
- 1D
- 16.30%
- 1M
- 7.78%
- 6M
- -75.51%
- YTD
- -62.74%
- 1Y
- -45.98%
- 3Y*
- -33.55%
- 5Y*
- —
- 10Y*
- —
AVGI.L vs. 3BAB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGI.L IncomeShares Broadcom (AVGO) Options ETP | 5.06% | 11,438.21% |
3BAB.L Leverage Shares 3x Alibaba ETC | -62.74% | 75.00% |
Correlation
The correlation between AVGI.L and 3BAB.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.22 |
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Return for Risk
AVGI.L vs. 3BAB.L — Risk / Return Rank
AVGI.L
3BAB.L
AVGI.L vs. 3BAB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Broadcom (AVGO) Options ETP (AVGI.L) and Leverage Shares 3x Alibaba ETC (3BAB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVGI.L | 3BAB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.50 | +0.88 |
| Martin ratioReturn relative to average drawdown | 0.60 | -0.79 | +1.40 |
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Drawdowns
AVGI.L vs. 3BAB.L - Drawdown Comparison
The maximum AVGI.L drawdown since its inception was -43.06%, smaller than the maximum 3BAB.L drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AVGI.L and 3BAB.L.
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Drawdown Indicators
| AVGI.L | 3BAB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -92.16% | +49.10% |
Max Drawdown (1Y)Largest decline over 1 year | -43.06% | -92.16% | +49.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -92.16% | — |
Current DrawdownCurrent decline from peak | -31.32% | -85.41% | +54.09% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -54.66% | +31.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 57.97% | -30.57% |
Volatility
AVGI.L vs. 3BAB.L - Volatility Comparison
The current volatility for IncomeShares Broadcom (AVGO) Options ETP (AVGI.L) is 13.15%, while Leverage Shares 3x Alibaba ETC (3BAB.L) has a volatility of 44.55%. This indicates that AVGI.L experiences smaller price fluctuations and is considered to be less risky than 3BAB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGI.L | 3BAB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 44.55% | -31.40% |
Volatility (6M)Calculated over the trailing 6-month period | 29.93% | 91.41% | -61.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.93% | 132.47% | -72.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,794.55% | 129.00% | +9,665.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,794.55% | 129.00% | +9,665.55% |
AVGI.L vs. 3BAB.L - Expense Ratio Comparison
AVGI.L has a 0.55% expense ratio, which is lower than 3BAB.L's 0.75% expense ratio.
Dividends
AVGI.L vs. 3BAB.L - Dividend Comparison
AVGI.L's dividend yield for the trailing twelve months is around 50.60%, while 3BAB.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
3BAB.L Leverage Shares 3x Alibaba ETC | 0.00% | 0.00% |
AVGI.L IncomeShares Broadcom (AVGO) Options ETP | 50.60% | 10.33% |
Frequently Asked Questions
AVGI.L and 3BAB.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVGI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVGI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3BAB.L.
AVGI.L is categorized as Derivative Income, while 3BAB.L is Leveraged Equities. Their fees differ too: 0.55% for AVGI.L and 0.75% for 3BAB.L.
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