CHI3.L vs. 3XLE.L
CHI3.L (Leverage Shares 3x Long China ETP Securities) and 3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, CHI3.L returned -10.54%/yr vs 17.70%/yr for 3XLE.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
CHI3.L vs. 3XLE.L - Performance Comparison
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Different Trading Currencies
CHI3.L is traded in USD, while 3XLE.L is traded in GBp. To make them comparable, the 3XLE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CHI3.L achieves a -29.68% return, which is significantly lower than 3XLE.L's 96.61% return.
CHI3.L
- 1D
- -1.37%
- 1M
- -9.83%
- YTD
- -29.68%
- 6M
- -34.17%
- 1Y
- -15.99%
- 3Y*
- -10.54%
- 5Y*
- —
- 10Y*
- —
3XLE.L
- 1D
- -0.44%
- 1M
- -5.95%
- YTD
- 96.61%
- 6M
- 84.23%
- 1Y
- 131.11%
- 3Y*
- 17.70%
- 5Y*
- —
- 10Y*
- —
CHI3.L vs. 3XLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CHI3.L Leverage Shares 3x Long China ETP Securities | -29.68% | 49.93% | 6.28% | -53.62% | -44.29% |
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 96.61% | -11.52% | -14.11% | -25.61% | -22.88% |
Correlation
The correlation between CHI3.L and 3XLE.L is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.13 |
The correlation between CHI3.L and 3XLE.L shifts across timeframes, from -0.13 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CHI3.L vs. 3XLE.L — Risk / Return Rank
CHI3.L
3XLE.L
CHI3.L vs. 3XLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long China ETP Securities (CHI3.L) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.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.
| CHI3.L | 3XLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 3.45 | -3.75 |
| Martin ratioReturn relative to average drawdown | -0.57 | 9.37 | -9.94 |
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
| CHI3.L | 3XLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 1.97 | -2.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | 0.33 | -0.65 |
Drawdowns
CHI3.L vs. 3XLE.L - Drawdown Comparison
The maximum CHI3.L drawdown since its inception was -84.78%, which is greater than 3XLE.L's maximum drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for CHI3.L and 3XLE.L.
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Drawdown Indicators
| CHI3.L | 3XLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -73.78% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -53.06% | -37.77% | -15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -65.90% | -64.33% | -1.57% |
Current DrawdownCurrent decline from peak | -75.11% | -27.20% | -47.91% |
Average DrawdownAverage peak-to-trough decline | -64.47% | -44.57% | -19.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.04% | 13.94% | +14.10% |
Volatility
CHI3.L vs. 3XLE.L - Volatility Comparison
Leverage Shares 3x Long China ETP Securities (CHI3.L) and Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) have volatilities of 24.11% and 25.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHI3.L | 3XLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.11% | 25.06% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | 57.30% | -13.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.52% | 66.45% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.76% | 83.32% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.76% | 83.32% | +0.44% |
CHI3.L vs. 3XLE.L - Expense Ratio Comparison
Both CHI3.L and 3XLE.L have an expense ratio of 0.75%.
Dividends
CHI3.L vs. 3XLE.L - Dividend Comparison
Neither CHI3.L nor 3XLE.L has paid dividends to shareholders.
Frequently Asked Questions
CHI3.L and 3XLE.L have a correlation of -0.13, 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.
CHI3.L and 3XLE.L have the same expense ratio: 0.75% per year.
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