CHI3.L vs. GLDI.L

Last updated Jun 5, 2026

CHI3.L (Leverage Shares 3x Long China ETP Securities) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - CHI3.L is a Leveraged Equities fund actively managed by Leverage Shares, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, CHI3.L returned -15.99% vs 26.77% for GLDI.L. At a 0.25 correlation, their price movements are largely independent. CHI3.L charges 0.75%/yr vs 0.35%/yr for GLDI.L.

Performance

CHI3.L vs. GLDI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long China ETP Securities (CHI3.L) and IncomeShares Gold+ Yield ETP (GLDI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHI3.L achieves a -29.68% return, which is significantly lower than GLDI.L's -0.81% return.

CHI3.L

• 1D: -1.37%
• 1M: -9.83%
• YTD: -29.68%
• 6M: -34.17%
• 1Y: -15.99%
• 3Y*: -10.54%
• 5Y*: —
• 10Y*: —

GLDI.L

• 1D: -0.21%
• 1M: -2.73%
• YTD: -0.81%
• 6M: 0.96%
• 1Y: 26.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHI3.L vs. GLDI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHI3.L Leverage Shares 3x Long China ETP Securities	-29.68%	49.93%	11.53%
GLDI.L IncomeShares Gold+ Yield ETP	-0.81%	61.04%	6.19%

Correlation

The correlation between CHI3.L and GLDI.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	0.25

The correlation between CHI3.L and GLDI.L shifts across timeframes, from 0.25 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CHI3.L vs. GLDI.L — Risk / Return Rank

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

CHI3.L

CHI3.L Risk / Return Rank: 7
CHI3.L Sharpe Ratio Rank: 6
CHI3.L Sortino Ratio Rank: 8
CHI3.L Omega Ratio Rank: 8
CHI3.L Calmar Ratio Rank: 6
CHI3.L Martin Ratio Rank: 6

GLDI.L

GLDI.L Risk / Return Rank: 33
GLDI.L Sharpe Ratio Rank: 34
GLDI.L Sortino Ratio Rank: 31
GLDI.L Omega Ratio Rank: 37
GLDI.L Calmar Ratio Rank: 34
GLDI.L Martin Ratio Rank: 30

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.

CHI3.L vs. GLDI.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 IncomeShares Gold+ Yield ETP (GLDI.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	GLDI.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	1.23	-1.50
Sortino ratio: Return per unit of downside risk	0.00	1.60	-1.60
Omega ratio: Gain probability vs. loss probability	1.00	1.24	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.30	1.62	-1.92
Martin ratio: Return relative to average drawdown	-0.57	4.13	-4.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHI3.L vs. GLDI.L - Sharpe Ratio Comparison

The current CHI3.L Sharpe Ratio is -0.27, which is lower than the GLDI.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of CHI3.L and GLDI.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHI3.L	GLDI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	1.23	-1.50
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	1.74	-2.06

Drawdowns

CHI3.L vs. GLDI.L - Drawdown Comparison

The maximum CHI3.L drawdown since its inception was -84.78%, which is greater than GLDI.L's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for CHI3.L and GLDI.L.

Drawdown Indicators

	CHI3.L	GLDI.L	Difference
Max Drawdown Largest peak-to-trough decline	-84.78%	-16.47%	-68.31%
Max Drawdown (1Y) Largest decline over 1 year	-53.06%	-16.47%	-36.59%
Max Drawdown (3Y) Largest decline over 3 years	-65.90%	—	—
Current Drawdown Current decline from peak	-75.11%	-15.11%	-60.00%
Average Drawdown Average peak-to-trough decline	-64.47%	-3.38%	-61.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.04%	6.46%	+21.58%

Volatility

CHI3.L vs. GLDI.L - Volatility Comparison

Leverage Shares 3x Long China ETP Securities (CHI3.L) has a higher volatility of 24.11% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 4.55%. This indicates that CHI3.L's price experiences larger fluctuations and is considered to be riskier than GLDI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHI3.L	GLDI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.11%	4.55%	+19.56%
Volatility (6M) Calculated over the trailing 6-month period	43.67%	18.56%	+25.11%
Volatility (1Y) Calculated over the trailing 1-year period	59.52%	21.67%	+37.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.76%	18.78%	+64.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.76%	18.78%	+64.98%

CHI3.L vs. GLDI.L - Expense Ratio Comparison

CHI3.L has a 0.75% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.

Dividends

CHI3.L vs. GLDI.L - Dividend Comparison

CHI3.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 12.75%.

Position	TTM	2025	2024
CHI3.L Leverage Shares 3x Long China ETP Securities	0.00%	0.00%	0.00%
GLDI.L IncomeShares Gold+ Yield ETP	12.75%	9.15%	1.08%

Frequently Asked Questions

Can I hold both CHI3.L and GLDI.L in my portfolio?

CHI3.L and GLDI.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHI3.L or GLDI.L?

On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHI3.L or GLDI.L?

GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.75% for CHI3.L.

What is the main difference between CHI3.L and GLDI.L?

CHI3.L is categorized as Leveraged Equities, while GLDI.L is Derivative Income. Their fees differ too: 0.75% for CHI3.L and 0.35% for GLDI.L.