AVGI.L vs. 3NFE.L
AVGI.L (IncomeShares Broadcom (AVGO) Options ETP) and 3NFE.L (Leverage Shares 3x Netflix ETP Securities EUR) are both exchange-traded funds - AVGI.L is a Derivative Income fund actively managed by Leverage Shares, while 3NFE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X NFLX Index. AVGI.L is actively managed, while 3NFE.L is passively managed. Over the past year, AVGI.L returned 16.55% vs -87.99% for 3NFE.L. At a correlation of -0.01, they often move in opposite directions. AVGI.L charges 0.55%/yr vs 0.75%/yr for 3NFE.L.
Performance
AVGI.L vs. 3NFE.L - Performance Comparison
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Different Trading Currencies
AVGI.L is traded in USD, while 3NFE.L is traded in EUR. To make them comparable, the 3NFE.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 3NFE.L's -62.85% return.
AVGI.L
- 1D
- 0.00%
- 1M
- -3.05%
- 6M
- 9.80%
- YTD
- 5.06%
- 1Y
- 16.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3NFE.L
- 1D
- 3.29%
- 1M
- -27.52%
- 6M
- -56.33%
- YTD
- -62.85%
- 1Y
- -87.99%
- 3Y*
- 322.82%
- 5Y*
- 13.21%
- 10Y*
- —
AVGI.L vs. 3NFE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGI.L IncomeShares Broadcom (AVGO) Options ETP | 5.06% | 11,438.21% |
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR | -62.85% | -70.92% |
Correlation
The correlation between AVGI.L and 3NFE.L is -0.02, 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 | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | -0.01 |
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Return for Risk
AVGI.L vs. 3NFE.L — Risk / Return Rank
AVGI.L
3NFE.L
AVGI.L vs. 3NFE.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 Netflix ETP Securities EUR (3NFE.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 | 3NFE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.73 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.99 | +1.38 |
| Martin ratioReturn relative to average drawdown | 0.60 | -1.42 | +2.02 |
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Drawdowns
AVGI.L vs. 3NFE.L - Drawdown Comparison
The maximum AVGI.L drawdown since its inception was -43.06%, smaller than the maximum 3NFE.L drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for AVGI.L and 3NFE.L.
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Drawdown Indicators
| AVGI.L | 3NFE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -99.85% | +56.79% |
Max Drawdown (1Y)Largest decline over 1 year | -43.06% | -88.68% | +45.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -90.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.85% | — |
Current DrawdownCurrent decline from peak | -31.32% | -89.90% | +58.58% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -51.32% | +28.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 62.01% | -34.61% |
Volatility
AVGI.L vs. 3NFE.L - Volatility Comparison
The current volatility for IncomeShares Broadcom (AVGO) Options ETP (AVGI.L) is 13.15%, while Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) has a volatility of 31.38%. This indicates that AVGI.L experiences smaller price fluctuations and is considered to be less risky than 3NFE.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 | 3NFE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 31.38% | -18.23% |
Volatility (6M)Calculated over the trailing 6-month period | 29.93% | 80.75% | -50.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.93% | 97.04% | -37.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,794.55% | 3,365.68% | +6,428.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,794.55% | 3,041.50% | +6,753.05% |
AVGI.L vs. 3NFE.L - Expense Ratio Comparison
AVGI.L has a 0.55% expense ratio, which is lower than 3NFE.L's 0.75% expense ratio.
Dividends
AVGI.L vs. 3NFE.L - Dividend Comparison
AVGI.L's dividend yield for the trailing twelve months is around 50.60%, while 3NFE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR | 0.00% | 0.00% | 0.00% | 0.00% | 195.88% |
AVGI.L IncomeShares Broadcom (AVGO) Options ETP | 50.60% | 10.33% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVGI.L and 3NFE.L have a correlation of -0.02, 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 3NFE.L.
AVGI.L is categorized as Derivative Income, while 3NFE.L is Leveraged Equities. Their fees differ too: 0.55% for AVGI.L and 0.75% for 3NFE.L.
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